Financial Injury definition

Financial Injury means all monetary costs, debts, or obligations incurred by a person as a result of another person’s criminal act, including, but not limited to:

Financial Injury means economic injury sustained by a person or organisation because their property, including software, data and other information that is in electronic form cannot be used; or is less useful and it includes only that part of economic injury, which results from Insured’s Product or Insured’s Service, or a part or phase of Insured’s Product or Insured’s Service, that has been accepted. Insured’s Product or Insured’s Service, or a part or phase of Insured’s Product or Insured’s Service, will be deemed accepted only when and only to the extent that such product or service (or such part or phase) has been accepted pursuant to the acceptance criteria in effect at the time of acceptance. But, in no event will such:

Financial Injury means economic damages suffered by a person or organization.

Examples of Financial Injury in a sentence

• This insurance does not apply to any liability arising out of or connected directly or indirectly with Financial Injury intended by the Insured or that would be expected from the standpoint of a reasonable person in the circumstances of the Insured.

• This exclusion does not apply to Financial Injury sustained by a governmental authority resulting from their ownership, maintenance or use of the Insured’s Product or Insured’s Service.

• This insurance does not apply to Financial Injury arising out of or giving rise to or in any way related to any actual or alleged monopolisation, price discrimination, price-fixing, predatory pricing, trade conduct or violation of any law, regulation or statute relating to thereto regardless of whether this insurance would otherwise apply to all or part of any such alleged or actual injury or damage in absence of such actual or alleged conduct or violation.

• This insurance does not apply to any Financial Injury arising out of or caused by the dishonest, deliberate, conscious, criminal, fraudulent or intentional or malicious conduct committed by or with the consent or knowledge of the Insured.

• This insurance does not apply to any actual or alleged Financial Injury arising out of, any actual, alleged or threatened failure to effect, maintain, procure or secure; or cancellation, lapse, modification, nonrenewal, revocation, suspension or other impairment of, in whole or in part at any time, any bond, insurance, lease, license, order, permit or other contract or agreement that any Insured is obligated to maintain, procure or secure in connection with Insured’s Product or Insured’s Service.

• Any Loss, Financial Injury, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection Strike, riots and civil commotion regardless of any other cause or event contributing concurrently or in any other sequence to the Loss.

• This insurance does not apply to any actual or alleged Financial Injury arising out of or connected directly or indirectly with any actual, alleged or threatened delay in delivery of or failure to deliver Insured’s Product or part or phase of Insured’s Product.

• This insurance does not apply to any Financial Injury arising out of or connected directly or indirectly with any aircraft product or any missile or spacecraft or aerial devise including any a.

• This insurance does not apply to any Financial Injury arising out of or connected directly or indirectly with any bankruptcy, insolvency or other financial impairment of any Insured.

• This voluntary excess shall be applicable to Financial Injury claims inclusive of defence cost arising out of any one accident.

More Definitions of Financial Injury

Financial Injury means economic injury sustained by a person or organization because their property, including software, data and other information that is in electronic form cannot be SBI General Insurance Company Limited i. product be deemed accepted unless and until possession of the product has been relinquished to perform the function or serve the purpose intended; ii. service be deemed accepted unless and until the service has begun.

Financial Injury means economic injury, including that resulting from loss of software, data and other information in electronic form, sustained by a person or organisation in connection with the Insured’s product or the Insured’s service, or a part or phase thereof.

Financial Injury means the reasonable monetary costs, debts, or obligations

Financial Injury means all monetary costs, debts ….including, but not limited to:

Financial Injury means economic injury that is not consequent upon Personal Injury or Property Damage, incurred by a third party due to;

Financial Injury means the reasonable monetary costs, debts, or obligations incurred by a natural person as a result of a criminal act, including, but not limited to: