Common use of ORGANIZATION LIABILITY COVERAGE Clause in Contracts

ORGANIZATION LIABILITY COVERAGE. The Underwriter shall pay on behalf of the Organization all Loss for which the Organization becomes legally obligated to pay on account of a Claim first made against the Organization during the Policy Period or the Extended Reporting Period, if exercised, for a Wrongful Act.

Appears in 3 contracts

Samples: Asset Manager Liability Coverage Section, Private Company Management Liability, www.nexusunderwriting.com

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ORGANIZATION LIABILITY COVERAGE. The Underwriter shall pay will pay, on behalf of the Organization all Organization, Loss for which the Organization becomes legally obligated to pay on account of a from any Claim first made against the Organization during the Policy Period or the applicable Extended Reporting Period, if exercised, Period for a Wrongful Act; provided, that such Claim is reported to the Underwriter in accordance with Section VIII of this Coverage Section.

Appears in 1 contract

Samples: eperils.com

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ORGANIZATION LIABILITY COVERAGE. The Underwriter shall pay will pay, on behalf of the Organization all Organization, Loss for which the Organization becomes legally obligated to pay on account of a from any Claim first made against the Organization during the Policy Period or the applicable Extended Reporting Period, if exercised, Period for a Wrongful Act; provided, that such Claim is reported to the Underwriter in accordance with Section VII of this Coverage Section.

Appears in 1 contract

Samples: www.onebeaconml.com

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