Liability Coverage Part definition
Examples of Liability Coverage Part in a sentence
Employee does not include any volunteers or independent contractors except when used in connection with the Employment Practices Liability Coverage Part.
Retentions set forth in the respective Management Liability Coverage Part Declarations or the Professional Liability Coverage Part Declarations shall apply under each Coverage Part as set forth in such Declarations.
If this Liability Coverage Part and either the Directors, Officers and Entity Liability Coverage Part or Fiduciary Liability Coverage Part are included under this Policy, and a Claim is covered under this Liability Coverage Part and any such other Liability Coverage Part, Loss shall be first covered and paid under this Liability Coverage Part.
This Investigative Costs Sublimit shall be part of and not in addition to the aggregate limit of liability stated in the Management Liability Coverage Part Declarations.
Nothing in this provision shall increase the Insurer’s Limit of Liability applicable to this Liability Coverage Part.
Any remaining Loss otherwise covered by this Coverage Part which is not paid under such Employment Practices Liability Coverage Part shall be covered pursuant to this Coverage Part, including its limit of liability and retention; provided any applicable Retention under this Coverage Part shall be reduced by the amount of Loss (otherwise covered by this Coverage Part) which is paid by the Insureds as the retention under such Employment Practices Liability Coverage Part.
This supplementary payment is part of and not in addition to the Limit of Liability for the Fiduciary Liability Coverage Part stated in the Management Liability Coverage Part Declarations.
If a Claim is covered under both this Coverage Part and the Employment Practices Liability Coverage Part then such Claim first shall be covered pursuant to the Employment Practices Liability Coverage Part, including its limit of liability and retention.
Such Sub-limit of Liability shall be subject to, part of, and not in addition to, the Limit of Liability applicable to this Liability Coverage Part.
Subject to the terms and conditions of this Policy and Liability Coverage Part, coverage is afforded for Loss resulting from any Insured Person Claim against an Insured Person for a Wrongful Act in an Outside Capacity.