Adverse Media definition
Examples of Adverse Media in a sentence
The Insurer will pay the Insured for its Reputation Harm, directly caused by an Adverse Media Report or Notification that: 1.
Coverage D: Adverse Media Event Coverage The Insurer shall pay Adverse Media Event Loss up to the amount of the Adverse Media Event Loss Sub-Limit of Liability set forth in Item 3(b) of the Directors and Officers and Private Company Liability Coverage Element Declarations incurred by a Company solely with respect to an Adverse Media Event that first occurs and is reported to the Insurer during the Policy Period.
AML RISK SCREENING USD ($)** PEP & Sanctions check Only 2.85 PEP, Sanctions, Watchlists & Adverse Media (PEP+) 5.00 **Please note,purchases of more than 5,000 checks in a month will be discounted.
The Insurer shall be entitled to effectively associate with the Company in its response, investigation, evaluation, negotiation or settlement of any such Adverse Media Event or Derivative Demand.
The costs related to searches and/or enquiries from any public or private registries (e.g. commercial/trade registries, PEP and Sanctions lists, Adverse Media databases, etc) shall be indicated together with the commission fee by Vespia.
The Insured shall not admit or assume any liability, enter into any settlement agreement, stipulate to any judgment, incur any Defense Costs, Adverse Media Event Loss or Investigation Costs, or retain a risk management, public relations or law firm, without the prior written consent of the Insurer.
Payment of any Adverse Media Event Loss under this Coverage Element shall not waive any of the Insurer’s rights under this policy or at law.
Screening – data provided via ▇▇▇▇ Me’s Identity Check is used to search partners and databases to detect whether an individual may or may not be listed on a published list of Politically Exposed Persons, Enhanced Sanctions, or Adverse Media.
Only those settlements, stipulated judgments, Defense Costs, Adverse Media Event Loss and Investigation Costs which have been consented to by the Insurer shall be recoverable as Loss under the terms of this Coverage Element.
The Insureds’ option to tender the defense does not apply to the coverage afforded under Coverage D or Coverage E of this Coverage Element, and it shall remain the duty of the Company and not the duty of the Insurer to respond to, investigate or otherwise evaluate any Adverse Media Event or Derivative Demand.