Loss or damage insured Sample Clauses
Loss or damage insured. Subject to the limitations and exclusions of this Policy, this coverage insures:
(a) up to the limit specified on your Policy Declaration, sums that you become legally liable to pay as compensatory damages because of unintentional Bodily Injury or Property Damage arising out of:
(1) your operation of the Business described in the application for insurance; and
(2) services that you provide, or that others provide on your behalf, while operating the Business described in the application for insurance;
(b) beyond the limit specified on your Policy Declaration:
(1) expenses directly related to defending you against any lawsuit insured under this coverage alleging Bodily Injury or Property Damage and seeking damages, even if the lawsuit is groundless, false, or fraudulent;
(2) costs taxed or assessed against you directly related to a lawsuit insured under this coverage;
(3) interest accruing after judgment, as determined by the courts, on the portion of the judgment directly related to a lawsuit insured under this coverage;
(4) reasonable and necessary expenses that you have incurred for emergency medical or surgical treatment to others following an Occurrence insured by this coverage; and
(5) reasonable and necessary expenses, including loss of net income up to $250 a day to a total of $10,000, which you incur at the request of the Insurer directly related to a lawsuit insured under this coverage.
Loss or damage insured. Subject to the limitations and exclusions of this Policy, this coverage insures all types of direct physical loss or damage.
Loss or damage insured. Subject to the limitations and exclusions of this Policy, this coverage insures:
(a) all types of direct physical loss or damage to Business Property; and
(b) reasonable and necessary expenses that you incur to restore or reproduce critical Business documents and records.
Loss or damage insured. Subject to the limitations and exclusions of this Policy and up to the limit specified on your Policy Declaration, this coverage insures all types of sudden, accidental and direct physical loss or damage to property owned by your landlord, when such loss or damage is caused by your use or occupancy of the Premises.
Loss or damage insured. This coverage insures, subject to the limitations and exclusions of this Policy and up to the limit specified on your Policy Declaration:
(a) your actual loss of net income (net profit or loss before taxes) suffered during the period in which your Business is temporarily unable to operate, up to:
(1) your actual net income earned during the same period of the prior year, if your Business generated any net income during the same period of the prior year; or
(2) your projected net income based upon the average net income earned during the six (6) months preceding the period in which your Business is temporarily unable to operate, if your Business did not generate any net income during the same period of the prior year; and
(b) reasonable and necessary extra expenses that you incur to temporarily continue operating your Business at an alternate location in the same city as the Premises; because of direct physical loss or damage insured under this Policy, or if a Civil Authority prohibits you from operating your Business at the Premises because of a sudden and accidental event insured under this Policy.
Loss or damage insured. This coverage insures, subject to the limitations and exclusions of this Policy and:
(a) up to the limit specified on your Policy Declaration:
(1) reasonable and necessary increases in the cost of accommodations, food, and residential utilities; and
(2) if required, moving expenses; if your Premises becomes uninhabitable as a result of direct physical loss or damage insured under this Policy. Payment will be made for the reasonable time required to repair or rebuild your dwelling or, if you permanently relocate, the reasonable time required for you to settle elsewhere;
(b) up to $5,000, reasonable and necessary increases in the cost of accommodations, food, and residential utilities, and, if required, moving expenses and emergency personal toiletries if a Civil Authority prohibits you from inhabiting your Premises as a result of:
(1) direct physical loss or damage insured under this Policy to neighbouring premises; or
(2) a mass evacuation order given as a result of a sudden and accidental event.
Loss or damage insured. Subject to the limitations and exclusions of this Policy and up to the limit specified on your Policy Declaration, this coverage insures:
(a) financial losses incurred as a result of:
(1) the theft of, or illegal access to, your identity or credit;
(2) the theft or unauthorized use of credit cards, debit cards, or automated teller cards issued to you or registered in your name provided you have complied with all the conditions under which the card was issued;
(3) the fraudulent transfer or removal of funds from bank accounts;
(4) forgery or alteration of cheques, drafts, or other negotiable instruments; and
(5) your acceptance, in good faith, of counterfeit Canadian paper currency.
(b) reasonable expenses incurred to resolve credit issues, including:
(1) legal costs incurred in order to clear your name, reconstruct credit data, remove criminal records, rectify consumer credit reports, defend against lawsuits by businesses or collection agencies or rectify civil judgments made against you; and
(2) lost wages resulting from time required away from your business or employment to deal with matters pertaining to an identity theft.
Loss or damage insured. Subject to the limitations and exclusions of this Policy, this coverage insures:
(a) up to the limit specified on your Policy Declaration:
(1) all types of direct physical loss or damage to your Personal Property;
(2) reasonable expenses incurred:
(i) to replace or re-key the locks to your Premises if your keys are lost or stolen; and
(ii) for charges resulting from a fire department attending your Premises;
(b) up to a limit of $10,000, reasonable and necessary expenses incurred as a result of loss or damage insured under this Policy to:
(1) pack, transport, store and dispose of Personal Property in order to facilitate the repair of loss or damage insured under this Policy; and
(2) protect Personal Property from further damage following a loss.