Claims Preparation Costs definition

Claims Preparation Costs means reasonable and necessary expenses incurred by the Named In- sured for assessing, preparing or certifying details of a covered Insured Event. Claims Preparation Costs do not include any public adjustor or legal expenses.
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Claims Preparation Costs means all fees, costs and expenses reasonably incurred by, or on behalf of, the Insured for the investigation, preparation, quantification, presentation, certification, verification and/or negotiation of a claim under this policy by Marsh Forensic Accounting and/or Marsh Claims Consulting.…41. Increased Cost of Working means:
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Claims Preparation Costs. Means the reasonable costs of an accountant (not to exceed USD10,000 for each business interruption loss) for the preparation and presentation of a submission to us for the purpose of evidencing any covered business interruption loss. Claims preparation costs does not include the salaries, wages or additional remuneration of your employees or responsible officers, or any costs in respect of claims advocacy, dispute resolution, or the fees and costs for anyperson or company that provides consultation on coverage or negotiates claims including, but not limited to, providing advice on the amount reimbursable by us.
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Examples of Claims Preparation Costs in a sentence

  • The most We will pay for these costs is the sub-limit specified in the Schedule of Insurance for Claims Preparation Costs.

  • Under such circumstances, if the Policy Aggregate Limit of Liability of the prior policy period is exhausted due to payments made under the prior policy, the Underwriter’s obligation to pay Reputational Loss or Claims Preparation Costs under this Policy shall be completely fulfilled and extinguished.

  • If the Insurer elects to reinstate or replace any property, the Insured shall at their own expense, except to the extent otherwise provided by the Claims Preparation Costs extension, provide the Insurer with all such plans, documents, books and information as the Insurer may reasonably require.

  • The maximum amount payable under this Clause 14 Claims Preparation Costs is the applicable Sub-Limit of Liability stated in the Schedule.

  • Sub-SectionSum InsuredSection 1 - Loss of Gross Profit Cover$Section 2 - Business Income Cover$Section 3 - Payroll Cover$Section 4 - Additional Increased Cost of Working Cover$Section 5 - Claims Preparation Costs Cover$ Indemnity Period (weeks): Optional BenefitsSum InsuredAccounts Receivable$Loss of Rent$ Please list your uninsured working expenses (Section 1 Cover only): $ $ $ $ $ $ Note: You must not select both Section 1 & Section 2 Cover.

  • This Policy will cover up to USD 50,000 of Claims Preparation Costs in excess of the Retention stated in Section 2.

  • The Insurance by this Policy is extended to include costs and expenses reasonably incurred by the Insured in producing and certifying any particulars or details required by the Insurers in terms of General Condition 7.2 or to substantiate the amount of any claim, provided that the liability of the Insurers for such costs in respect of any one claim any one period of insurance, shall not exceed the amount stated on the Policy Certificate in respect of Claims Preparation Costs.

  • Reconstruction of dataR300,000 Claims Preparation Costs R 10, 000 12.

  • Gross Profit $Payroll $Claims Preparation Costs $AICOW $TOTAL $ LIMITS OF LIABILITYThe amounts set out hereunder represent the Insurer's maximum Limits of Liability for any one loss or series of losses arising out of any one original source or cause at any one Situation, subject to any Sub-Limits of Liability specified elsewhere in the Policy and the Schedule.

  • This Claims Preparation Costs Condition shall not apply to Section 2 - Office Bearers’ Liability Part and Section 2 - Government Audit Costs Part.


More Definitions of Claims Preparation Costs

Claims Preparation Costs. Means the reasonable costs up to a maximum of [VND …] per loss event, of an accountant for the preparation and presentation of a submission to us for the purpose of evidencing any covered business interruption loss under Sections I.4. and Section VI.1 (if insured and as may be specified in the Schedule) or Section VI.6., but only where these Section are shown as included in the Schedule. Claims preparation costs does not include the salaries, wages or additional remuneration of your employees or responsible officers, or any costs in respect of claims advocacy, dispute resolution, or the fees and costs for any person or company that provides consultation on coverage or negotiates claims, including but not limited to, providing advice on the amount reimbursable by us.
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Related to Claims Preparation Costs

  • Litigation Costs means all reasonable costs, charges, expenses, including attorneys', accountants' and expert witnesses' fees, and obligations paid or incurred in connection with investigating, defending (including affirmative defenses and counterclaims), obtaining or attempting to obtain a settlement, being a witness in, or participating in or preparing to defend, be a witness in, or participate in, any Proceeding and any appeal therefrom and the cost of appeal, attachment and similar bonds.

  • Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.

  • Claim Expenses means reasonable documented attorneys’ fees and all other reasonable documented out-of-pocket costs, expenses and obligations (including experts’ fees, travel expenses, court costs, retainers, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges) paid or incurred in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to investigate, defend, be a witness in or participate in, any Claim, including any Action relating to a claim for indemnification or advancement brought by an Indemnified Party as contemplated in Section 7.5.

  • Production Costs means those costs and expenditures incurred in carrying out Production Operations as classified and defined in Section 2 of the Accounting Procedure and allowed to be recovered in terms of Section 3 thereof.

  • Remediation Costs means the cost of any action taken to reduce the concentration of contaminants on, in or under the Eligible Property to permit a record of site condition to be filed in the Environmental Site Registry under section 168.4 of the Environmental Protection Act and the cost of complying with any certificate of property use issued under section 168.6 of the Environmental Protection Act, as further specified in the CIP.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Direct Costs means the sum of the following:

  • Closing Costs means, collectively, all initial costs and fees that identified above and in Section 16 that Seller agrees to pay to Buyer as consideration for agreeing to enter into this Agreement.

  • Acquisition Costs means all fees, costs, expenses, stamp, registration or transfer Taxes incurred by the Group in connection with the Acquisition.

  • Administration Costs means (i) the costs and expenses associated with the production and dissemination of the Notice (as defined in Section 2.10); (ii) all reasonable costs incurred by the Settlement Administrator (as defined in Section 1.40) in administering and effectuating this Settlement, which costs and expenses are necessitated by performance and implementation of this Agreement and any Court orders relating thereto; (iii) all reasonable fees charged by the Settlement Administrator; and (iv) any other costs associated with the settlement, including but not limited to any amounts charged by TIAA or Vanguard.

  • Termination Costs means all documented Direct Costs and Indirect Costs incurred by Transmission Owner in connection with the performance of the Services (i) prior to the effective date of termination, including such costs incurred for materials, equipment, tools, construction equipment and machinery, engineering and other items, materials, assets or services that cannot reasonably be avoided, mitigated or cancelled, (ii) to unwind any work undertaken prior to or after the effective date of termination to the extent reasonably necessary to return the Projects to a configuration or condition in compliance with Good Utility Practice and applicable Law, and (iii) arising from cancellation costs relating to orders or contracts entered into in connection with the performance of Services by Transmission Owner prior to the effective date of the termination.

  • Construction Costs means land costs, all costs paid to construct and complete the Improvements, as specified on Exhibit "B" attached hereto and made a part hereof.

  • Transaction Costs means all fees, costs and expenses incurred or payable by the Borrower or any Subsidiary in connection with the Transactions.

  • Medical Expenses means those expenses that an Insured Person has necessarily and actually incurred for medical treatment on account of Illness or Accident on the advice of a Medical Practitioner, as long as these are no more than would have been payable if the Insured Person had not been insured and no more than other hospitals or doctors in the same locality would have charged for the same medical treatment.

  • Insured Expenses Expenses covered by an Insurance Policy or any other insurance policy with respect to the Mortgage Loans.

  • Covered Expenses means expenses actually incurred by or on behalf of a Covered Person for treatment, services and supplies covered by the Policy. Coverage under the Participating Organization’s Policy must remain continuously in force from the date of the Covered Accident or Sickness until the date treatment, services or supplies are received for them to be a Covered Expense. A Covered Expense is deemed to be incurred on the date such treatment, service or supply, that gave rise to the expense or the charge, was rendered or obtained.

  • Housing costs means the compensation or fees paid or charged, usually periodically, for the use of any property. land, buildings, or equipment. For purposes of this chapter, housing costs include the basic rent charge and any periodic or monthly fees for other services paid to the landlord by the tenant, but do not include utility charges that are based on usage and that the tenant has agreed in the rental agreement to pay, unless the obligation to pay those charges is itself a change in the terms of the rental agreement.

  • Company Expenses has the meaning set forth in Section 11.3(a)(v).

  • Response Costs means all costs, including, but not limited to, direct and indirect costs, that the United States incurs in monitoring and supervising Respondents’ performance of the Work to determine whether such performance is consistent with the requirements of this Order, including costs incurred in reviewing deliverables submitted pursuant to this Order, as well as costs incurred in overseeing implementation of this Order, including, but not limited to, payroll costs, contractor costs, travel costs, and laboratory costs.]

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Basic Costs means all direct and indirect costs and expenses incurred in connection with the Building as more fully defined in Exhibit C attached hereto.

  • Legal Expenses means the fees, costs and expenses of any kind incurred by any Person indemnified herein and its counsel in investigating, preparing for, defending against or providing evidence, producing documents or taking other action with respect to any threatened or asserted Claim.

  • Training Costs means reasonable costs incurred to upgrade the technological skills of Full-Time Employees in Illinois and includes: curriculum development; training materials (including scrap product cost); trainee domestic travel expenses; instructor costs (including wages, fringe benefits, tuition and domestic travel expenses); rent, purchase or lease of training equipment; and other usual and customary training cots. “Training costs” do not include, except where the Company receives prior written approval of the Department, costs associated with travel outside the United States, wages and fringe benefits of employees during periods of training, administrative costs related to Full-Time Employees of the Taxpayer, or amounts paid to an affiliate of the Company.

  • Coal preparation plant means a facility where coal is crushed, screened, sized, cleaned, dried, or otherwise prepared and loaded for transit to a consuming facility. “Coal preparation plant associated areas” means the coal preparation plant yards, immediate access roads, coal refuse piles, and coal storage piles and facilities. “Coal preparation plant water circuit means all pipes, channels, basins, tanks, and all other structures and equipment that convey, contain, treat, or process any water that is used in coal preparation processes within a coal preparation plant.

  • Notice and Administration Costs means the costs, fees, and expenses that are incurred by the Claims Administrator and/or Lead Counsel in connection with: (i) providing notices to the Settlement Class; and (ii) administering the Settlement, including but not limited to the Claims process, as well as the costs, fees, and expenses incurred in connection with the Escrow Account.

  • Relocation Costs means costs incurred in the relocation of the furniture, fixtures, equip- ment, machinery and supplies, including, but not limited to, the cost of dismantling and reassembling equipment and the cost of floor preparation necessary for the reassembly of the equipment. Relocation costs include only such costs that are incurred during the ninety-day period immediately following the commencement of the relocation to an eli- gible premises. Relocation costs do not include costs for structural or capital improve- ments or items purchased in connection with the relocation.