Common use of Extortion Clause in Contracts

Extortion. Pay on behalf of the Insured the costs required to deal incurred by the Insured in connection with the Insured’s Business and first notified to Insurers during the Period of Insurance. In conjunction solely with the insuring clauses that have been purchased cover shall be extended in respect to the following extensions. Such extensions shall be subject to the various limits and sub-limits of liability, and relevant excesses, stated in the Schedule and to all other terms, limitations, exclusions and conditions of this policy.

Appears in 2 contracts

Sources: Fintech Insurance Policy, Fintech Insurance Policy