Claim Expense means, when authorized and approved by the Company:
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:
Examples of Claim Expense in a sentence
Such limit shall be part of, and not in addition to, the Single Loss Limit of Liability for the Insuring Agreement applicable to the loss that is the subject of the valid claim as set forth in the Claim Expense Insuring Agreement.
Paragraph (1) of Exclusion (u) shall not apply to the Claim Expense Insuring Agreement.
The applicable Single Loss Limit of Liability and Single Loss Deductible for the Claim Expense Insuring Agreement are as set forth in the Declarations.
The applicable Single Loss Limit of Liability and Single Loss Deductible for the Claim Expense Insuring Agreement are as set forth in the Declarations or in the above schedule.
However, the Insurer will provide a defense and pay Claim Expense unless or until such conduct is evidenced by any judgment, final adjudication, alternate dispute resolution proceeding, or by admission by the Insured.
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 reasonable and necessary fees and expenses authorized by us and incurred in the investigation and defense of a claim for bodily injury, property damage or environmental damage to which this insurance applies. Claim expense does not include any fees of counsel retained by the insured without our written consent or any cost or charge incurred by the insured in assisting in the investigation or defense of a claim, including salaries or wages of the insured’s in-house counsel or other employee.
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 that part of Loss consisting of reasonable costs, charges, fees (including but not limited to attorney’s fees and expert’s fees), and expenses (other than regular and overtime wages, salaries or fees of any director, trustee, officer or employee of the Insured) incurred in defending and investigating Claims and the premium for appeal, attachment or similar bonds.
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.