PCI Fines, Expenses and Costs. To indemnify the Insured for PCI Fines, Expenses and Costs, in excess of the Retention, which the Insured shall become legally obligated to pay because of a Claim first made against any Insured during the Policy Period or Optional Extension Period (if applicable) and reported in writing to the Underwriters during the Policy Period or as otherwise provided in Clause X. of this Policy. Coverage under this Insuring Agreement is sublimited to the amount set forth Item 3.A.3. of the Declarations, and the Underwriters shall have no duty to defend any Claim or pay Claims Expenses with respect to any Claim under this Insuring Agreement.
PCI Fines, Expenses and Costs. The Underwriters will indemnify the Insured for PCI Fines, Expenses and Costs, in excess of the Deductible, which the Insured shall become legally obligated to pay because of a Claim first made against any Insured during the Policy Period or Extended Reporting Period (if applicable) and reported in writing to the Underwriters during the Policy Period or as otherwise provided in Clause XI. of this Policy. Coverage under this Insuring Agreement is sublimited to the amount set forth Item 3.B.1.ii. of the Declarations, and the Underwriters shall have no duty to defend any Claim or pay Claims Expenses with respect to any Claim under this Insuring Agreement.
PCI Fines, Expenses and Costs. 1. The monetary amount owed by the Insured Company under the terms of a Merchant Services Agreement as a direct result of a suspected Cyber Breach Event. With the prior consent of the Insurer, PCI Fines, Expenses and Costs includes reasonable and necessary legal costs and expenses incurred by the Insured Company to appeal or negotiate an assessment of such monetary amount. PCI Fines, Expenses and Costs will not include any charge backs, interchange fees, discount fees or other fees unrelated to a Cyber Breach Event; and
2. The reasonable and necessary costs for a qualified computer expert to recertify the Insured Company’s compliance with the PCI Data Security Standards following a Cyber Breach Event.
PCI Fines, Expenses and Costs. 1. The monetary amount owed by the Insured Company under the terms of a Merchant Services Agreement as a direct result of a suspected Cyber Breach Event. With the prior consent of the Insurer, PCI Fines, Expenses and Costs includes reasonable and necessary legal costs and expenses incurred by the Insured Company to appeal or negotiate an assessment of such monetary amount; and
2. The reasonable and necessary costs for a qualified computer expert to recertify the Insured Company’s compliance with the PCI Data Security Standards following a Cyber Breach Event. PCI Fines, Expenses and Costs will not include any charge backs, interchange fees, discount fees or other fees unrelated to a Cyber Breach Event.
