Crisis Management Expenses definition

Crisis Management Expenses means reasonable costs, charges, fees and expenses incurred by the Organization for Crisis Management Services. Crisis Management Expenses do not include any remuneration, salaries, wages, fees, overhead or benefit expenses of any Insured.

Crisis Management Expenses means reasonable and necessary expenses, including legal fees, approved by the Insurer in its sole discretion, to engage a public relations firm after an Insured’s Wrongful Act, Privacy Breach, Security Event, Social Engineering Incident or Pollution Incident.

Crisis Management Expenses means reasonable and necessary expenses incurred by the Named Insured, with the Insurer’s prior written consent at its sole discretion, for a public relations firm or law firm to communicate with the general public in order to mitigate the reputational damage of the Named Insured directly resulting from a Crisis Event.

Examples of Crisis Management Expenses in a sentence

• Public Relations and Crisis Management Expenses must be incurred no later than twelve (12) months following the reporting of such Claim or breach event to the Underwriters and, with respect to clauses 1.

• The JIF, 100% commercially insured with XL Insurance, provides Third Party coverage including Media Communication, Network Security Liability and Privacy Liability and First Party coverage including Extortion Threat, Crisis Management Expenses and Privacy Notification Costs.

• There is a $3,000,000 sub-limit each for (1) Privacy Notification Costs, (2) Regulatory Fines/Claims Expenses for Privacy Liability, (3) Extortion Damages for Extortion Threat and (4) Crisis Management Expenses.

• There is a $1,000,000 sub-limit each for (1) Privacy Notification Costs, (2) Regulatory Fines/Claims Expenses for Privacy Liability, (3) Extortion Damages for Extortion Threat and (4) Crisis Management Expenses.

• Crisis Management Expenses means reasonable costs, charges, fees and expenses incurred by the Corporation, with the prior written consent of the Insurer, for services provided by a lawyer or public relations consultant solely for the purposes of responding to a Newsworthy Event and averting or mitigating damage to and restoring the Corporation’s reputation or brands.

More Definitions of Crisis Management Expenses

Crisis Management Expenses means the reasonable and necessary fees and expenses of a Crisis Management Firm and incurred in counseling or assisting the Company in reducing or minimizing the potential harm to the Public Entity caused by the actual or likely Adverse Publicity of the Crisis Event as long as such expenses are incurred by the Public Entity solely and directly as a result of an actual or anticipated Crisis Event and are incurred within ninety (90) days prior to, and in anticipation of, the Crisis Event first beginning, and/or within one year after the Crisis Event first begins. Crisis Management Expenses shall cease to be covered the earlier of: (i) one year after the Crisis Event first begins, (ii) the date on which in the good faith opinion of the Crisis Management Firm the financial harm against the Public Entity resulting from the Crisis Event is no longer continuing or no further expenditure of Crisis Management Expenses

Crisis Management Expenses means the reasonable costs, charges, fees and expenses incurred during a stipulated period of time and with the prior approval of the Insurer for services by an independent public relations consultant, media management consultant, investigative firm or

Crisis Management Expenses means the following reasonable and necessary expenses first incurred by the Organization with the Insurer’s consent during a Crisis Event, or within sixty (60) days prior to and in anticipation of adverse publication relating to the Crisis Event, but in no event later than 12 months after the Crisis Event first begins:

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

Crisis Management Expenses means the following amounts, when incurred during the pendency, of or within ninety (90) days prior to, and in anticipation of, a Material Event:

Crisis Management Expenses means reasonable and necessary fees, costs and expenses of a public relations or crisis management firm retained by a Manager within thirty (30) days of a Crisis Event solely and exclusively to mitigate any adverse effects specific to a Manager’s reputation arising out of such Crisis Event.

Crisis Management Expenses means reasonable fees, costs, and other expenses of a public relations or crisis management firm engaged by the Organization and approved by the Underwriter, such approval not to be unreasonably withheld, to mitigate reputational harm to such Organization as a result of a Crisis Management Event.