Reputation Crisis definition
Reputation Crisis means a negative statement authorized and published by, or on behalf of, any Investigating Authority regarding any Insured Person who is a chief executive officer, chief financial officer, chief legal officer, director or equivalent executive of the Named REIT provided that such statement is included in a press release or published in any print or electronic media outlet.
Examples of Reputation Crisis in a sentence
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.