Common use of INSURING CLAUSE Clause in Contracts

INSURING CLAUSE. We will indemnify you up to the Limit of Liability shown in the Policy Schedule for all sums that you become legally liable to pay to a third party under Contract with such third party, as compensation for any of the following Covered Loss(es): (a) “Personal Injury” and/or (b) “Property Loss” and/or (c) “Financial Loss” and/or (d) “Mental Anguish” and/or (e) “Service Deficiency” and/or (f) “Income Loss” provided that such Covered Loss: a. results from an Occurrence precisely specified in Your Contract, and specified in the Policy Schedule; and b. happens during the Policy Period, within the Territorial Limit and in connection with the business specified in the Policy Schedule, in accordance with the terms of this Policy. If specified in the Policy Schedule for above mentioned Covered Losses, a) “Personal Injury”, b) “Property Loss” and c) “Financial Loss”, indemnity under this Insuring Clause shall be available for any legal liability to pay to a third party without the same being evidenced by a Contract with such third party.