Common use of Claims Preparation Costs Clause in Contracts

Claims Preparation Costs. The Underwriters will indemnify the Insured for all reasonable and necessary out-of-pocket costs incurred by the Insured (however, such costs shall not include any wages, salaries, commissions, fees, charges or other form of remuneration or profit to be repaid, lost or forgone by the Insured) at the Underwriters’ request in the preparation of a defence to a Claim. This coverage is subject to a Sublimit of Liability of $25,000 NZD unless otherwise specified in Item 5 of the Schedule. This Automatic Extension is not subject to the Excess as set forth in Section 6.3.

Claims Preparation Costs. The Underwriters will indemnify pay on behalf of the Insured for all reasonable and necessary out-of-pocket costs incurred by the Insured (however, such costs shall not include any wages, salaries, commissions, fees, charges or other form of remuneration or profit to be repaid, lost or forgone by the Insured) at the Underwriters’ request in the preparation of a defence to a Claim. This coverage is subject to a Sublimit of Liability of $25,000 NZD SGD25,000 unless otherwise specified in Item 5 of the Schedule. This Automatic Extension is not subject to the Excess as set forth in Section 6.36.2.

Claims Preparation Costs. The Underwriters will indemnify the Insured for all reasonable and necessary out-of-of- pocket costs incurred by the Insured (however, such costs shall not include any wages, salaries, commissions, fees, charges or other form of remuneration or profit to be repaid, lost or forgone by the Insured) at the Underwriters’ request in the preparation of a defence to a Claim. This coverage is subject to a Sublimit of Liability of $25,000 NZD SGD25,000 unless otherwise specified in Item 5 of the Schedule. This Automatic Extension is not subject to the Excess as set forth in Section 6.35.2.