Common use of Crisis Management Clause in Contracts

Crisis Management. If during the Period of Insurance an Insured Event occurs, Chubb will pay the Group Policyholder up to the Benefit Amount shown in the Schedule of Benefits for Crisis Consultant fees and costs incurred as a direct result of a Crisis which starts during the Period of Insurance and is reported to Chubb in accordance with this section. Any fees, costs and expenses will be incurred by the Crisis Consultant and will be paid by the Group Policyholder and submitted to Chubb for reimbursement under this Policy. Crisis Consultant costs are limited to fees or expenses which are incurred within the Crisis Coverage Period subject to a maximum of £75,000 per Crisis, and an Aggregate Limit of £75,000. The maximum amount that Chubb will pay in any one Period of Insurance. Any negative reporting of an Insured Event in local, regional or national media (including but not limited to radio, television, newspaper and/or magazines) which has potential to cause a Material Interruption. Any decisive, unstable or crucial time in the Group Policyholder’s affairs or Business resulting from an Insured Event that starts during the Period of Insurance and: 1. has directly caused a Material Interruption; or 2. has the potential to cause: a. imminent Financial Loss; or b. Adverse Publicity

Crisis Management. If during the Period of Insurance an Insured Event occurs, Chubb will pay the Group Policyholder up to the Benefit Amount shown in the Schedule of Benefits for Crisis Consultant fees and costs incurred as a direct result of a Crisis which starts during the Period of Insurance and is reported to Chubb in accordance with this section. Any fees, costs and expenses will be incurred by the Crisis Consultant and will be paid by the Group Policyholder and submitted to Chubb for reimbursement under this Policy. Crisis Consultant costs are limited to fees or expenses which limitedtofeesor expenseswhich are incurred within the withinthe Crisis Coverage Period subject to a maximum of £75,000 per Crisis, and an Aggregate Limit of £75,000. The maximum amount that Chubb will pay in any one Period of Insurance. Any negative reporting of Anynegative reportingof an Insured Event in local, regional or national media regionalor nationalmedia (including but not includingbutnot limited to radiotoradio, television, newspaper and/or magazines) which has potential to cause a Material Interruption. Any decisive, unstable or crucial time in the Group Policyholder’s affairs or Business resulting from an Insured Event that starts during the Period of Insurance and: 1. has directly caused a Material Interruption; or 2. has the potential to cause: a. imminent Financial Loss; or b. Adverse PublicityPublicity Crisis Consultant Crisis.