Common use of Potential Claims Clause in Contracts

Potential Claims. During the Policy Period or the Discovery Period (if purchased), the Insureds may give written notice to the Insurer of circumstances that may reasonably be expected to give rise to a Claim: 1. such notice shall set forth the Wrongful Act allegations anticipated and the reasons for anticipating such a Claim, with full particulars as to dates, persons and entities involved; 2. any Claim which is subsequently made against such Insured alleging, arising out of, based upon or attributable to such circumstances, shall be considered made at the time notice of such circumstances was first given to the Insurer; and 3. notice of any such subsequent Claim shall be given to the Insurer as soon as practicable after the risk manager, in-house general counsel, or human resource manager first learns of such Claim. No coverage shall be provided under this Policy for fees, costs, expenses or other loss incurred as a result of such circumstances prior to the time such subsequent Claim is actually made.

Appears in 1 contract

Sources: Employment Practices Liability Policy

Potential Claims. During the Policy Period or the Discovery Period (if purchased), the Insureds may give written notice to the Insurer of circumstances that may reasonably be expected to give rise to a Claim:; and 1. ) such notice shall set forth the Wrongful Act allegations anticipated and the reasons for anticipating such a Claim, with full particulars as to dates, persons and entities involved; 2. ) any Claim which is subsequently made against such Insured alleging, arising out of, based upon or attributable to such circumstances, shall be considered made at the time notice of such circumstances was first given to the Insurer; , and 3. ) notice of any such subsequent Claim shall be given to the Insurer as soon as practicable after the risk manager, manager or in-house general counsel, or human resource manager counsel of the Parent Company first learns of such Claim. No coverage shall be provided under this Policy for fees, costs, expenses or other loss incurred as a result of such circumstances prior to the time such subsequent Claim is actually made.

Appears in 1 contract

Sources: Fiduciary Liability Insurance Policy

Potential Claims. During the Policy Period or the Discovery Period (if purchased), the Insureds may give written notice to the Insurer of circumstances that may reasonably be expected to give rise to a Claim:; and 1. ) such notice shall set forth the Wrongful Act allegations anticipated and the reasons for anticipating such a Claim, with full particulars as to dates, persons and entities involved; 2. ) any Claim which is subsequently made against such Insured alleging, arising out of, based upon or attributable to such circumstances, shall be considered made at the time notice of such circumstances was first given to the Insurer; , and 3. ) notice of any such subsequent Claim shall be given to the Insurer as soon as practicable after the risk manager, in-house manager or in-­‐house general counsel, or human resource manager counsel of the Parent Company first learns of such Claim. No coverage shall be provided under this Policy for fees, costs, expenses or other loss incurred as a result of such circumstances prior to the time such subsequent Claim is actually made.

Appears in 1 contract

Sources: Directors & Officers Liability Insurance Policy