Reputation Loss definition

Reputation Loss means the net profit or loss before tax that the Insured Entity would have earned but for an Adverse Publication. There will be no coverage for Reputation Loss if there is an actual interruption of the Insured Entity’s business operations for any period of time. Reputation Loss does not include (i) loss arising out of any liability to any third party; (ii) legal costs or legal expenses of any type; (iii) loss incurred as a result of unfavorable business conditions; (iv) loss of market share or any other consequential loss; (v) Incident Response Expenses; or (vi) Extortion Loss. Securities means negotiable or non-negotiable instruments or contracts representing either money or tangible property that has intrinsic value. Security Incident means:

Reputation Loss means: (A) the net revenue gain or loss that the Fund Member would have received during the Protection Period but for an Adverse Media Event; and (B) continuing normal operating expenses incurred by the Fund Member (including payroll), but only to the extent that such operating expenses must necessarily continue during the Protection Period; and (C) additionally, that Reputation Loss will not mean, and no coverage will be available for, loss arising out of liability to any third party, legal costs or legal expenses, a loss incurred as a result of unfavorable business conditions, loss of market or any other consequential loss, Breach Response Services, or Cyber Extortion Loss. No coverage is available if there is an actual interruption of the Fund Member’s business operations.

Reputation Loss of Party A herein means having negative effect on Party A’s reputation, trademark, business name, business credit, including but not limited to the c herein under: (a) There has negative publicity of Party A on media (including but not limited to TV, radio, newspaper, magazine, network)due to Party B’s fault(including but not limited to quality problem, fake products, false propaganda, infringing intellectual property right, after-sales service or other problems) ,or being listed on public notice by related administrative department or organization(including but not limited to consumer association, administration for quality supervision, third party laboratory, notary public office) (b) Negative publicity does not exist, but many people consider or acknowledge that Party A’s component has quality problems or service problems. (c) other issues that has negative effect on Party A’s reputation, trademark, business name, business credit.

Examples of Reputation Loss in a sentence

• All Reputation Loss must be reported, and all proofs of loss must be provided, to the Underwriters no later than four (4) months after the end of the Protection Period.

• The Insurer will pay or reimburse the Reputation Loss sustained by an Insured Entity as a direct result of an Adverse Publication.

• All Reputation Loss must be reported and all proof of loss must be provided to the Fund no later than 120 days after the Protection Period.

• The Company shall not be liable for Crisis Event Loss or Personal Reputation Expenses unless and until the Company receives written proof of the Crisis Event Loss or Personal Reputation Loss incurred.

• Only those settlements, stipulated judgments, Defense Costs and Reputation Loss which have been consented to by the Insurer shall be recoverable as Loss under the terms of this Policy.

• A New Verdict on the Reputation Loss Induced by Corporate Litigation” at the Financial Management Association Conference, in Boston, MA, October 2017.

• Notice of Claim or Loss under GENERAL CONDITIONS is amended to include: With respect to Reputation Loss, the Named Insured must notify the Underwriters through the contacts listed 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.

• A New Verdict on the Reputation Loss Induced by Corporate Litigation 7 (July 8, 2013) (unpublished manuscript), http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2290821.

• Coverage D: Reputation CoverageThis D&O Coverage Part shall pay the Reputation Loss of an Organization solely with respect to a Reputation Risk Event that first commences and is reported to the Insurer during the Policy Period up to the amount of the Reputation Loss Limit of Liability.Payment of any Reputation Loss under this D&O Coverage Part shall not waive any of the Insurer’s rights under this Policy or at law.

• Three risks remained red included;Rising Unemployment;Social Care Providers - Adults; Reputation/ Loss of Public Trust.