Claim Expense means, when authorized and approved by the Company:
Claim Expense means expenses incurred by the Company or by the Insured with the Com- pany’s consent in the investigation, adjustment, negotiation, arbitration, mediation and defense of covered Claims, whether paid by the Com- pany or Insured with the Company’s consent. Claim Expense includes:
Examples of Claim Expense in a sentence
However, the Insurer will provide a defense and pay Claim Expense unless or until such conduct is evidenced by any judgment, final adjudication, alternate dispute resolution proceeding, or by admission by the Insured.
However, the above exception shall not apply to any guarantees or promises relating to cost estimates, contract prices, cost savings, profits or return on investment, and the Insurer shall not be obligated to pay any Damages or Claim Expense or any other amounts arising out of such guarantees or promises.
Claim Expense is included within and erodes the applicable Limits of Insurance.
The Insurer will also pay all Claim Expense in excess of the applicable retention in connection with such Claim.
The Insurer’s obligation to pay Damages, Claim Expense, or defend such Claims shall be excess of the amount stated as the Each Claim Retention.
More Definitions of Claim Expense
Claim Expense means only those reasonable legal fees, costs or expenses incurred by us or you with our prior written consent, to defend or investigate a "claim" or "suit". "Claim expense" does not include any salaries, overhead, lost productivity, or other internal costs, expenses or charges you incur; costs or expenses for mitigation of a "privacy breach" or "security breach"; the costs or expenses for or arising out of any security or privacy measures, controls, policies, procedures, assessments or audits; or the costs or expenses of any investigation of or compliance with any "breach notice law".
Claim Expense means reasonable and necessary fees and expenses authorized by us and incurred in the investigation and defense of a claim for bodily injury, property damage or environmental damage to which this insurance applies. Claim expense does not include any fees of counsel retained by the insured without our written consent or any cost or charge incurred by the insured in assisting in the investigation or defense of a claim, including salaries or wages of the insured’s in-house counsel or other employee.
Claim Expense means the cost of investigation, negotiation, arbitration, defense or administration of a Claim for Damages, made or threatened, including but not limited to the cost of experts, adjusters, attorneys and others deemed necessary by the Company to properly determine the facts of a Claim and evaluate the course of action to be taken. “Claim Expense” may include, at the sole option of the Company, premiums for appeal bonds, costs charged by a court in a Claim defended by the Company, pre-judgment and post-judgment interest expenses in a Claim defended by the Company, Legal Expenses incurred on behalf, by request or after prior written approval is granted by the Company and reasonable direct expenses, other than loss of income or loss of economic opportunity, incurred by the Insured at the request of the Company, excluding salaries or any other forms of compensation paid to owners, partners, directors or officers or others employed at any time by the Insured. Company
Claim Expense means:
(A) all reasonable and necessary legal costs and expenses resulting from the investigation, defense, and appeal of a Claim if incurred by the Fund, or by the Fund Member with the prior written consent of the Fund; or
(B) the premium cost for appeal bonds for covered judgments or bonds to release property used to secure a legal obligation if required in any Claim against any Covered Person. The Fund will have no obligation to file an appeal or to obtain any bonds; and
(C) additionally, that Claim Expense will not include any salary, overhead, or other charges by any Covered Person for any time spent in cooperating in the defense and investigation of any Claim or circumstance that might lead to a Claim notified under this Coverage Agreement, or costs to comply with any regulatory orders, settlements, or judgments. Claim Expense will reduce and may exhaust the Aggregate Limit of Liability and is subject to any deductible.
Claim Expense means Claim Expense for purposes of the Loss Ratio calculations shall mean paid claims, incurred but not paid (IBNP) claims, and reserves related to incurred but not paid claims.
Claim Expense means expenses incurred by the Company, or by the Insured with the Company’s consent, in the investigation, adjustment, negotiation, arbitration, mediation and defense of covered Claims. Claim Expense includes:
Claim Expense means reasonable and necessary fees, costs and expenses (including premiums for any appeal bond, attachment bond or similar bond, but without any obligation to apply for or furnish any such bond) resulting solely from the investigation, adjustment, defense and appeal of a covered or potentially covered Claim against the Insureds, but excluding salaries, wages, overhead or benefit expenses associated with any Insured, or any amount covered by the duty to defend obligation of any other insurer.