Crisis Loss definition

Crisis Loss means the reasonable fees, costs and expenses incurred by the Insured with Our prior written consent (not to be unreasonably withheld or unreasonably delayed), of any public relations firm, crisis management consultant or executive search firm (excluding any pacement fee or charge) retained by the Insured to advise them on the best response and strategies to minimise any impact on the Insured’s operations and reputation.

Crisis Loss means any reasonable fees, costs, charges and expenses incurred by an Insured following a Crisis as a result of the Company engaging a public relations firm or consultant, crisis management consultant or law firm in order to minimise the effect of a Crisis and to prevent or limit any adverse or negative publicity in respect of a Claim. This cover applies only for the first 45-day period immediately following the day on which the Crisis first occurs.

Crisis Loss means the following amounts incurred during the pendency of or within 90 days prior to and in anticipation of, the Crisis:

Examples of Crisis Loss in a sentence

• Lumley shall indemnify the Company for Crisis Loss which the Company incurs by reason of a Crisis which first occurs and is notified to Lumley during the Period of Insurance.

• The Insurer shall pay on behalf of the Insured Organization, Crisis Loss, arising from a Crisis that first commences during the Policy Period or the Extended Reporting Period (if applicable) and reported to the Insurer pursuant to the terms of this Policy.

• We will pay on behalf of the Corporation any Crisis Loss which the Corporation incurs by reason of a Crisis which first occurs during the Period of Insurance and is notified to Us during the Period of Insurance.

• ExclusionsExclusions applicable to all Insuring ClausesWe will not be liable under this Policy for any Loss arising out of any Claim against an Insured Person or the Corporation, or for Defence Costs incurred pursuant to an inquiry covered under this Policy, or for any Crisis Loss or Fidelity Loss or for any payment under any extension:1.

• This Section IV does not apply to Crisis Loss; nevertheless, the Insurer does not under this Policy assume any duty to defend.

More Definitions of Crisis Loss

Crisis Loss means the reasonable and necessary fees and expenses of a Crisis Consultant retained by an Insured with the consent of the Insurer to perform Crisis Management Services.

Crisis Loss means the reasonable and necessary fees, costs and expenses for external crisis management services provided in response to a crisis event within the first thirty (30) days after the event.

Crisis Loss means the reasonable and necessary fees, costs and expenses paid by an INSURED for external crisis management services provided in response to a CRISIS event within the first 30 days after the event.

Crisis Loss means the following amounts incurred by the Insured Organization during aCrisis:

Crisis Loss. Means the reasonable and necessary fees, costs and expenses paid by the Company for external crisis management services provided in response to a Crisis Event within the first thirty (30) days after the event (but never beyond the expiry of the Policy Period).

Crisis Loss means the reasonable and necessary fees, costs and expenses paid by an Insured Organisation for external crisis management services provided in response to a Crisis within the first thirty (30) days following the day on which the Crisis first occurs.

Crisis Loss means as defined in Appendix A attached to these insurance terms and conditions.