Crisis Management Costs definition

Crisis Management Costs means any fees reasonably and necessarily incurred by the Insured with Underwriters' prior approval for the engagement of a public relations consultant, advertising expenses and legal expenses, if the Insured reasonably considers (and Underwriters agree) that such appointment is needed in order to avert or mitigate any material damage to any of their brands.

Crisis Management Costs means reasonable and necessary fees and expenses incurred by an Insured, with the Insurer’s prior written consent, for:

Crisis Management Costs means any fees reasonably and necessarily incurred by the Insured with Underwriters’ prior approval for the engagement of a public relations consultant, advertising consultant, specialists, investigators, forensic auditors or solicitors, if the Insured reasonably considers (and Underwriters agree) that such appointment is needed in order to avert or mitigate any material damage to any of their brands.

Examples of Crisis Management Costs in a sentence

• Crisis Management Costs resulting from all Network Security Breaches and Privacy Violations combined shall also be subject to the Network Security Breach & Privacy Violation Sublimit of Liability specified in item 6.E of the Declarations.

• Such Sublimit of Liability shall be the maximum aggregate amount that the Insurer shall pay under this Insuring Agreement for all such Crisis Management Costs.

• The Insurers agree, subject to the relevant sub-limit of liability stated in the Schedule, to pay on behalf of the Insured Crisis Management Costs arising from a Data & Documents Loss Incident, Theft of Money & Financial Instruments, a Network Security Incident or from Telephone Phreaking that is first discovered and notified to the Crisis Management Specialist or Insurers during the Period of Insurance.

• The Insurer shall pay Crisis Management Costs on behalf of an Insured Organization resulting from a Fundraising Fraud, Management Crisis, Network Security Breach, Privacy Violation, Public Relations Event, or Regulatory Crisis occurring during the Policy Period and reported as soon as practicable but no later than 60 days after the Policy Period.

• Underwriters shall indemnify the Insured for Crisis Management Costs and Customer Notification Expenses when such costs and expenses are incurred as a direct result of a Breach of Security, Breach of Privacy or breach of Privacy Regulations.

More Definitions of Crisis Management Costs

Crisis Management Costs means any reasonable and necessary fees and expenses “You” incur with “Our” prior written consent to employ a public relations consultant to avert or mitigate any material damage to any of “Your” brands due to a “Newsworthy Event” that has arisen due to a “Security Breach” or a “Claim” or “Regulatory Claim” for a “Privacy Wrongful Act”, regardless of whether the expenses are incurred prior or subsequent to any such “Claim” or “Regulatory Claim” being made against “You”.

Crisis Management Costs means any fees reasonably and necessarily incurred by you and approved by us for the employment of a public relations consultant if you reasonably consider that such appointment is needed in order to avert or mitigate any material damage to any of your brands following an actual or alleged security breach or breach of privacy regulations.

Crisis Management Costs means those costs incurred by the Crisis Management Specialist with their prior written agreement, such agreement not to be unreasonably withheld, following first discovery of a Data & Documents Loss Incident, Theft of Money & Financial Instruments, Network Security Incident or Telephone Phreaking against the Insured to:

Crisis Management Costs. Means the reasonable and necessary costs incurred by us or by you with our prior written consent for an external public relations consultant to provide advice and assistance for the purpose of mitigating any likely or actual harm to the Insured organization’s reputation.

Crisis Management Costs means reasonable and necessary fees and expenses incurred by a "crisis management firm" or by you in providing public relations and media management services for the purpose of maintaining and restoring public confidence in you. These expenses may include printing, advertising, or mailing of materials to manage reputational risk. This does not include the salaries of your "employees".

Crisis Management Costs means the reasonable and necessary expenses incurred by the Named Insured, with the Company’s prior written consent, associated with protecting or reducing damage to the Named Insured’s reputation, including but not limited to news releases, public relations campaigns or advertisements. Crisis Management Costs do not include salaries, wages, fees, compensation, overhead or benefit expenses accruing to any Insured.

Crisis Management Costs means any fees reasonably and necessarily incurred by the Operator with Underwriters’ prior approval for the engagement of a public relations consultant, advertising expenses, specialists, investigators, forensic auditors and legal expenses, if the Operator reasonably consider (and Underwriters agree) that such appointment is needed in order to avert or mitigate any material damage to any of their brands.