Common use of Separate Limits Clause in Contracts

Separate Limits. If the Insured elects Separate Limits then the Policy’s: (a) Third and First Party Aggregate Limit, as stated in Item 7. on the Declarations page, is the Insurer’s maximum liability for all damages, claim expenses, regulatory damages, loss of business income, extra expense, data recovery expenses, cyber-extortion expenses and claim avoidance costs for all Third Party Liability Coverages and First Party Coverages, regardless of the number of Insureds, claims, first party incidents, or individuals or entities making claims. If a sublimit with respect to an Insuring Agreement is stated in Item 7. on the Declarations page, then such sublimit will be the Insurer’s maximum liability for loss with respect to such Insuring Agreement. Upon exhaustion of such sublimit, the Insurer will not be liable to pay any further loss with respect to the coverage provided by the subject Insuring Agreement. Each sublimit will be part of, and not in addition to, the Policy’s Third Party Liability and First Party Aggregate Limit of Liability and will in no way serve to increase or supplement such limit of liability. All payments made under a sublimit will reduce such limit of liability. (b) Data Breach Response and Crisis Management Aggregate Limit of Liability Data Breach Response and Crisis Management Aggregate Limit, as stated in Item 7. on the Declarations page, is the Insurer’s maximum liability for all data breach response and crisis management costs for Data Breach Response and Crisis Management Coverage regardless of the number of data breaches.

Separate Limits. If the Insured elects Separate Limits Limits, then the Policy’s: (a) : Third and First Party Aggregate Limit, as stated in Item 73. on the Declarations pagePage, is the Insurer’s maximum liability for all damages, claim expenses, regulatory damages, loss of business income, extra expenseexpenses, data recovery expenses, and cyber-extortion expenses and claim avoidance costs for all Third Party Liability Coverages and First Party Coverages, regardless of the number of Insureds, claims, first party incidents, or individuals or entities making claims. If a sublimit with respect to an Insuring Agreement is stated in Item 73. on the Declarations pagePage, then such sublimit will be the Insurer’s maximum liability for loss with respect to such Insuring Agreement. Upon exhaustion of such sublimit, the Insurer will not be liable to pay any further loss with respect to the coverage provided by the subject Insuring Agreement. Each sublimit will be part of, and not in addition to, the Policy’s Third Party Liability and First Party Aggregate Limit of Liability and will in no way serve to increase or supplement such limit of liability. All payments made under a sublimit will reduce such limit of liability. (b) Data Breach Response and Crisis Management Aggregate Limit of Liability . Data Breach Response and Crisis Management Aggregate Limit, as stated in Item 73. on the Declarations pagePage, is the Insurer’s maximum liability for all data breach response and crisis management costs for Data Breach Response and Crisis Management Coverage Coverage, regardless of the number of data breaches.