Common use of Reputational Damage Clause in Contracts

Reputational Damage. The Insurer shall indemnify Insured for Reputational Damage incurred during the Restoration Period that exceeds deductible as stated on the Declarations arising directly from a network outage sustained by the Insured and notified by the Insured to us in wirting, in accordance within section IV of this policy, during the policy period or any extended reporting period, if applicable, provided that such network outage occurred on or after the retroactive date. The total liability of the Insurer for which this coverage applies shall be $5,000 per Claim, subject to an aggregate limit of $5,000. The amount is part of and not in addition to the Policy Aggregate Limit. The Waiting Period and deductible stated on the Declarations Page will apply.