Examples of Financial Loss in a sentence
To the extent that any Insured was paid Financial Loss under this policy to which they were not entitled, any such payments shall be repaid, on written demand, to Zurich.
Zurich will pay on behalf of an Insured Person (and of the Insured Entity to the extent the Insured Entity has indemnified such Insured Person for such Financial Loss) reasonable and necessary fees, costs, charges and expenses incurred by a public relations/crisis management consultant (who shall not be a law firm) to specifically mitigate the adverse publicity to such Insured Person’s professional reputation as a direct result of the Personal Reputation Crisis.
A Claim or a Financial Loss that would simultaneously be covered in whole or in part by several Insuring Clauses, can only be notified under a single Insuring Clause, up to the agreed limit of liability.
The same applies with respect to Claims or Financial Loss that have the same or common or causally connected facts, circumstances, situations, events, transactions and/or causes.
Where the handling or defence of a Claim or other events involves both covered and uncovered matters and parties, Zurich shall only be liable for such costs, payments and services which relate exclusively to the defence and settlement of a Claim or other covered event on behalf of the Insured in their capacity as such, and Zurich and the Insured agree to use their best endeavours to determine a fair and proper allocation of such Financial Loss and/or Defence Costs.