Supplemental Expenses Coverage Clause Samples

Supplemental Expenses Coverage. 1. The Insurer shall reimburse an Insured for Dispute Resolution Costs resulting from a Claim first made against an Insured during the Policy Period and reported to the Insurer in accordance with the terms of this Policy. 2. The Insurer shall reimburse an Insured for Cyber Expenses due to covered Social Engineering Fraud Loss, Telecommunications Fraud Loss, Funds Transfer Fraud Loss, or Network Extortion Expenses first discovered by an Insured during the Policy Period and reported to the Insurer in accordance with the terms of this Policy. The Insurer shall reimburse an Insured for Cyber Expenses at the same time as the Insurer reimburses an Insured for the valid and collectible Social Engineering Fraud Loss, Telecommunications Fraud Loss, Funds Transfer Fraud Loss, or Network Extortion Expenses. 3. The Insurer shall reimburse an Insured for Public Relations Costs due to a Media Wrongful Act, Professional Services Wrongful Act, Technology Services Wrongful Act, Network Extortion, Social Engineering Fraud, Telecommunications Fraud, or Funds Transfer Fraud first discovered by an Insured during the Policy Period and reported to the Insurer in accordance with the terms of this Policy.
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Related to Supplemental Expenses Coverage

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Indemnification Notwithstanding any contrary provision contained in this Agreement, any election hereunder or any termination of this Agreement, and whether or not this Agreement is otherwise carried out, the provisions of Section 5 shall not be in any way affected by such election or termination or failure to carry out the terms of this Agreement or any part hereof.

  • Termination In the event that either Party seeks to terminate this DPA, they may do so by mutual written consent so long as the Service Agreement has lapsed or has been terminated. Either party may terminate this DPA and any service agreement or contract if the other party breaches any terms of this DPA.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • WHEREAS the Trust is an open-end management investment company registered under the Investment Company Act of 1940, as amended (the "1940 Act"); and