Examples of Dependent Business in a sentence
With respect to Data Recovery Costs, Business Interruption Loss and Dependent Business Loss the Named Insured must notify the Underwriters through the contacts for Notice of Claim, Loss or Circumstance in the Declarations as soon as practicable after discovery of the circumstance, incident or event giving rise to such loss.
All Dependent Business Loss payable under this Policy is part of and not in addition to the Business Interruption Loss limit listed in the Declarations.
Loss will apply after the Waiting Period has elapsed and the Underwriters will then indemnify the Named Insured for all Business Interruption Loss and Dependent Business Loss sustained during the Period of Restoration in excess of the Retention.
Dependent Business Interruption Loss Dependent Business Loss that the Insured Organisation sustains as a result of a Dependent Security Breach or a Dependent System Failure that the Insured first discovers during the Policy Period.
The Named Insured will provide the Underwriters a proof of Data Recovery Costs, Business Interruption Loss and Dependent Business Loss, and this Policy will cover the reasonable and necessary costs, not to exceed GBP 50,000, that the Named Insured incurs to contract with a third party to prepare such proof.