Common use of Staffing Shortages Clause in Contracts

Staffing Shortages. If the service is disrupted due to a shortage of staff, the Underwriter will make commercially reasonable efforts to return the service to normal service levels within one week. If the disruption persists beyond one week, the Coverholder will: ● Redeploy staff from elsewhere within the Coverholder organisation, primarily Finance services, to work on reporting activities ● Begin recruitment for FTCs ● Approach a third-party accounting outsource firm

Staffing Shortages. If the service is disrupted due to a shortage of staff, the Underwriter will make commercially reasonable efforts to return the service to normal service levels within one week. If the disruption persists beyond one week, the Coverholder will: ● Redeploy staff from elsewhere within the Coverholder organisation, primarily Finance services, to work on reporting credit control activities ● Begin recruitment for FTCs ● Approach a third-party accounting outsource consultancy firm

Staffing Shortages. If the service is disrupted due to a shortage of staff, the Underwriter will make commercially reasonable efforts to return the service to normal service levels within one week. If the disruption persists beyond one week, the Coverholder will: ● Redeploy staff from elsewhere within the Coverholder organisation, primarily Finance services, to work on reporting credit control activities ● Begin recruitment for FTCs ● Approach a third-party accounting outsource consulting firm

Staffing Shortages. If the service is disrupted due to a shortage of staff, the Underwriter will make commercially reasonable efforts to return the service to normal service levels within one week. If the disruption persists beyond one week, the Coverholder will: ● Redeploy staff from elsewhere within the Coverholder organisation, primarily Finance services, organisation to work on reporting undertake processing activities ● Begin recruitment for FTCs ● Approach a third-party accounting outsource firmfirm The Coverholder will eliminate any backlog developing as a result of staffing shortages within one month of the staffing shortage event occurring

Staffing Shortages. If the service is disrupted due to a shortage of staff, the Underwriter will make commercially reasonable efforts to return the service to normal service levels within one weekweek and will prioritise payments designated as critical. If the disruption persists beyond one week, the Coverholder will: ● Redeploy staff from elsewhere within the Coverholder organisation, primarily Finance services, to work on reporting activities ● Begin recruitment for FTCs ● Approach a third-party accounting outsource firmfirm The Coverholder will eliminate any backlog developing as a result of staffing shortages within one month of the staffing shortage event occurring.