Limit of Liability and Deductible. For purposes of this policy, all Loss arising out of the same Wrongful Act and all Interrelated Wrongful Acts of any Insured shall be deemed one Loss, and such Loss shall be deemed to have originated in the earliest Policy Year in which a Claim is first made against any Insured alleging any such Wrongful Act or Interrelated Wrongful Acts. The Company’s maximum liability for each Loss shall be the Limit of Liability for each Loss set forth in Item 3(a) of the Schedule. The Company’s maximum liability for all Loss on account of all Claims first made during the same Policy Year shall be the Limit of Liability for each Policy Year set forth in Item 3(b) of the Schedule for this policy. The Company’s liability under this policy shall apply only to that part of each Loss which is excess of the Deductible Amount set forth in Item 4 of the Schedule for this policy, and such Deductible Amounts shall be borne by the Insureds uninsured and at their own risk. The Deductible Amount for Non-Indemnifiable Loss set forth in Item 4(a) of the Schedule for this policy shall apply to Loss incurred by any Insured Person for which no Educational Institution is permitted or required to indemnify, or is permitted or required to indemnify but does not do so by reason of Financial Impairment. The Deductible Amount for Indemnifiable Loss set forth in Item 4(b) of the Schedule for this policy shall apply to all other Loss. If a part of a single Loss is subject to the Deductible Amount for Non- Indemnifiable Loss and part of the same Loss is subject to the Deductible Amount for Indemnifiable Loss, the maximum Deductible Amount applicable to such Loss shall be the Deductible Amount for Indemnifiable Loss. An Educational Institution shall be deemed permitted or required to indemnify an Insured, and the shareholder, managing committee, board of trustees and board of directors resolutions of an Educational Institution shall be deemed to provide indemnification to an Insured, to the fullest extent authorised by law. For purposes of this paragraph, the shareholder, managing committee, board of trustees and board of directors resolutions of the Educational Institution shall be deemed to provide indemnification for such Loss to the fullest extent permitted by such law. For purposes of this subsection 6 only, the Extended Reporting Period, if exercised, shall be part of and not in addition to the immediately preceding Policy Year.
Limit of Liability and Deductible. The Company's maximum liability for Loss on account of each Claim, whether covered under one or more Insuring Contracts, shall be the Limit of Liability for each Loss set forth in Item 2(a) of the Schedule. The Company's maximum aggregate liability for Loss on account of all Claims first made during the Policy Period, whether covered under one or more Insuring Contracts, shall be the Limit of Liability for each Policy Period set forth in Item 2(b) of the Schedule. The Company's maximum liability under Insuring Contract 4 for Public Relations Expenses shall be the sub-limit of liability set forth in Items 2(c) of the Schedule. The Company's maximum liability under Insuring Contract 4 for Public Relations Expenses on account of all Claims made during the Policy Period shall be the sub- limit of liability for each Policy Period set forth in Items 2( d) of the Schedule. The limits of liability set forth in Items 2(c) and 2(d) of the Schedule are sub-limits which are part of, and not in addition to the Limits of Liability set forth in Items 2(a) and 2(b) of the Schedule. They further reduce, and do not increase, the Limits of Liability set forth in Items 2(a) and 2(b) of the Schedule . Defence Costs are part of, and not in addition to, the Limits of Liability set forth in Item 2 of the Schedule, and the payment by the Company of Defence Costs shall reduce and may exhaust such applicable Limits of Liability. The Company's liability under Insuring Contract 2, Insuring Contract 3 and/or Insuring Contract 4 shall apply only to that part of Loss on account of each Claim which is excess of the applicable Deductible Amount set forth in Item 3 of the Schedule. Such Deductible Amount shall be depleted only by Loss and shall be borne by the Insured uninsured and at their own risk. Except as otherwise provided by section 12. Presumptive Indemnification, no Deductible Amount shall apply to any Loss under Insuring Contract 1. To the extent that Loss on account of a Claim is covered under Insuring Contract 2 or 3 of this policy and is in excess of the Deductible Amount, the Insured Organisation shall bear uninsured and at its own risk that percentage of such Loss specified as the Co-insurance Amount in Item 5 of the Schedule and the Company's liability shall apply only to the remaining percentage of such Loss. If different parts of a single Claim are subject to different Deductible Amounts, the applicable Deductible Amounts will be applied separately to each part of such Cla...
Limit of Liability and Deductible. The Company’s maximum aggregate liability for all Loss and Expense covered under this policy, whether covered under one or more Insuring Clauses, shall be the Aggregate Limit of Liability for each Policy Period set forth in Item 3 of the Schedule. The Company’s maximum liability for all Loss on account of each Claim made, or for each Loss or Single Expense discovered, during the Policy Period, shall be the applicable Limit of Liability set forth in Item 4 of the Schedule or the unpaid portion of the Aggregate Limit of Liability for each Policy Period, whichever is less. If a Loss or Single Expense is covered under more than one Insuring Clause, the maximum amount payable shall not exceed the largest applicable Limit of Liability. Other than with respect to Crisis Expenses sub limits are part of, and not in addition to, the Limits of Liability set forth in the Schedule. Defence Costs are part of and not in addition to the Limits of Liability set forth in Item 4 of the Schedule; the payment by the Company of Defence Costs erodes such Limits of Liability. All Related Claims shall be treated as a single Claim first made on the date the earliest of such Related Claims was first made, or on the date the earliest of such Related Claims is treated as having been made in accordance with section 8. Reporting, regardless of whether such date is before or during the Policy Period. The limit of liability available during the Extended Reporting Period, if exercised, shall be part of, and not in addition to, the Company’s maximum aggregate limit of liability for Loss on account of all Claims first made during the immediately preceding Policy Period.
Limit of Liability and Deductible. A. The limit of liability for each CLAIM will apply in excess of the deductible. CLAIMS EXPENSES and amounts paid or incurred in satisfaction of CLAIMs are subject to the applicable limits of liability.
Limit of Liability and Deductible. 7. The Company’s maximum aggregate liability for all Loss and Expense covered under this Policy, whether covered under one or more Insuring Clauses, shall be the Aggregate Limit of Liability for each Policy Period set forth in Item 3 of the Schedule. The Company’s maximum liability for all Loss on account of each Claim made, or for each Loss or Single Expense discovered, during the Policy Period, shall be the applicable Limit of Liability set forth in Item 4 of the Schedule or the unpaid portion of the Aggregate Limit of Liability for each Policy Period, whichever is less. If a Loss or Single Expense is covered under more than one Insuring Clause, the maximum amount payable shall not exceed the largest applicable Limit of Liability. Other than with respect to Crisis Expenses, sub limits , are a part of, and not in addition to, the Limits of Liability set forth in the Schedule. Defence Costs are part of and not in addition to the Limits of Liability set forth in Item 4 of the Schedule; the payment by the Company of Defence Costs erodes such Limits of Liability.
Limit of Liability and Deductible. The Limit of Liability stated in the Declarations is the most the Insurer will pay under Section I, Item 1, as damages for all “Claim(s)” made against the “Insured(s)” during the “Policy Period”, regardless of the number of “Insureds” or the number of claimants. Any amounts paid or payable under Section I, Item 2 as “Costs, Charges and Expenses” to investigate and defend any suit or arbitration proceeding against the “Insured(s)” and under Section I Item 4 as Supplementary Payments shall reduce the Limit of Liability applicable to each “Claim(s)” as stated in the Declarations. The Deductible stated in the Declarations will apply to damages for each “Claim(s)” under Section I, and the Insurer will only be responsible in excess of this amount. The full Limit of Liability will apply over the Deductible. The Deductible will not apply to Section I, Items 2 and 4. One or more “Claim(s)” arising out of the same or related “Wrongful Act(s)” in the rendering of “Professional Service(s)” is an “Inter-Related Wrongful Act(s)” and will be considered a single “Claim(s)”, first made as stated in Section IV, Item 11 – Notice of “Claim(s)” and subject to a single Limit of Liability.
Limit of Liability and Deductible. 4. The Company’s maximum liability for Loss on account of each Claim shall be the Limit of Liability for each Loss set forth in Item 3(a) of the Schedule. The Company’s maximum liability for Loss on account of all Claims first made during the Policy Period shall be the Limit of Liability for each
