Claim Expense definition

Claim Expense means, when authorized and approved by the Company:

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Claim Expense means expenses incurred by the Company or by the Insured with the Com- pany’s consent in the investigation, adjustment, negotiation, arbitration, mediation and defense of covered Claims, whether paid by the Com- pany or Insured with the Company’s consent. Claim Expense includes:

Claim Expense means the fees, costs, and expenses resulting from:

Examples of Claim Expense in a sentence

Harmless the Released Parties and each of them From and Against Any Loss, Liability, Damage, Cost, Claim, Expense or Demand Against any of the Released Parties Arising out of or Related to the Undersigned’s Participation in the “Artist Alley”; Whether Caused by the Negligence of any of the Released Parties, the Undersigned’s Act or Omission, Any Act or Omission of a Person Assisting or Sharing a Table Rental With the Undersigned, or Otherwise.
The Fund’s monetary liability will not exceed the amount that the Claim could have been settled for plus the Claim Expense, costs, and expenses incurred with the Fund’s consent up to the date of the Fund Member’s refusal to consent to any settlement recommended by the Fund, and minus any remaining deductible payable by the Fund Member.
Any Damages or Claim Expense for any Covered Person once a filing or obtaining of a criminal charge, information, or indictment against the Covered Person has occurred.
The Company has the sole right to determine when the Deductible amount shown on the Declarations is due, payable and satisfied with respect to payment of Damages, Claim Expense or Defense Cost.
The limit of coverage stated in the CCS will not be reduced by Claim Expense.

More Definitions of Claim Expense

Claim Expense means only those reasonable legal fees, costs or expenses incurred by us or you with our prior written consent, to defend or investigate a "claim" or "suit". "Claim expense" does not include any salaries, overhead, lost productivity, or other internal costs, expenses or charges you incur; costs or expenses for mitigation of a "privacy breach" or "security breach"; the costs or expenses for or arising out of any security or privacy measures, controls, policies, procedures, assessments or audits; or the costs or expenses of any investigation of or compliance with any "breach notice law".

Claim Expense means the cost of investigation, negotiation, arbitration, defense or administration of a Claim for Damages, made or threatened, including but not limited to the cost of experts, adjusters, attorneys and others deemed necessary by the Company to properly determine the facts of a Claim and evaluate the course of action to be taken. “Claim Expense” may include, at the sole option of the Company, premiums for appeal bonds, costs charged by a court in a Claim defended by the Company, pre-judgment and post-judgment interest expenses in a Claim defended by the Company, Legal Expenses incurred on behalf, by request or after prior written approval is granted by the Company and reasonable direct expenses, other than loss of income or loss of economic opportunity, incurred by the Insured at the request of the Company, excluding salaries or any other forms of compensation paid to owners, partners, directors or officers or others employed at any time by the Insured. Company

Claim Expense means: (A) all reasonable and necessary legal costs and expenses resulting from the investigation, defense, and appeal of a Claim if incurred by the Fund, or by the Fund Member with the prior written consent of the Fund; or (B) the premium cost for appeal bonds for covered judgments or bonds to release property used to secure a legal obligation if required in any Claim against any Covered Person. The Fund will have no obligation to file an appeal or to obtain any bonds; and (C) additionally, that Claim Expense will not include any salary, overhead, or other charges by any Covered Person for any time spent in cooperating in the defense and investigation of any Claim or circumstance that might lead to a Claim notified under this Coverage Agreement, or costs to comply with any regulatory orders, settlements, or judgments. Claim Expense will reduce and may exhaust the Aggregate Limit of Liability and is subject to any deductible.

Claim Expense means expenses incurred by the Company, or by the Insured with the Company’s consent, in the investigation, adjustment, negotiation, arbitration, mediation and defense of covered Claims. Claim Expense includes:

Claim Expense means Claim Expense for purposes of the Loss Ratio calculations shall mean paid claims, incurred but not paid (IBNP) claims, and reserves related to incurred but not paid claims.

Claim Expense means reasonable and necessary fees, costs and expenses (including premiums for any appeal bond, attachment bond or similar bond, but without any obligation to apply for or furnish any such bond) resulting solely from the investigation, adjustment, defense and appeal of a covered or potentially covered Claim against the Insureds, but excluding salaries, wages, overhead or benefit expenses associated with any Insured, or any amount covered by the duty to defend obligation of any other insurer.

Claim Expense means, when authorized and approved by the Insurer: