Defense Costs has the meaning set forth in Section 13.
Defense Costs means reasonable and necessary legal fees and expenses to which the Underwriters consent in advance and which are incurred by or on behalf of the Insureds in defending, settling, appealing or investigating any Claim and the cost of appeal, supersedeas, injunction, attachment or similar bonds (except that the Underwriters shall have no obligation to apply for or furnish any bond for appeal, supersedeas, injunction, attachment or any similar purpose), but shall not include salaries, regular or overtime wages, fees or benefit expenses associated with Insured Persons or the Insured Organization’s overhead expenses.
Defense Costs means reasonable and necessary legal fees and expenses incurred by the Company, or by any attorney designated by the Company to defend any Insured, resulting from the investigation, adjustment, defense and appeal of a Claim. Defense Costs includes other fees, costs, costs of attachment or similar bonds (without any obligation on the part of the Company to apply for or furnish such bonds), but does not include salaries, wages, overhead or benefits expenses of any Insured.
Examples of Defense Costs in a sentence
We will only pay for loss for any one “Covered Incident” if the amount of all damages and Defense Costs for “Financial Loss”, exceeds the Deductible and then only up to the applicable LIMITS OF INSURANCE.
The Original PFA held that such a determination did not preclude Allied from seeking its own Defense Costs .
Subject to the LIMIT OF LIABILITY, the liability of the INSURER for such Claim is limited to the amount in excess of the Deductible which the INSURER would have contributed to the settlement had the Insureds consented to settlement plus Defense Costs covered by the Policy incurred up to the date of the refusal to settle.
The Insureds shall not, except at personal cost, make any payment, admit any liability, settle any Claims, assume any obligation, or incur any expense or Defense Costs without the INSURER's written consent.
All ‘Products Guarantee Costs” damages and Defense Costs arising from the same omission, introduction or error will be considered as arising out of one “Covered Incident”.
More Definitions of Defense Costs
Defense Costs means that part of Loss consisting of:
Defense Costs means reasonable costs, charges, fees (including but not limited to attorneys' fees and experts' fees) and expenses (other than regular or overtime wages unless described below, or salaries or wages of the employees of the Insured) incurred in defending or investigating Claims against an Insured, including the premium for appeal, attachment or similar bonds. Defense Costs shall also include:
Defense Costs means all reasonable and necessary fees charged by attorneys designated by the Insurer, or by the Named Entity Insureds with the Insurer’s written consent. Defense Costs also include all other reasonable and necessary fees, costs and expenses resulting from the investigation, adjustment, defense and appeal of a Liability Claim if incurred by the Insurer, or by the Named Entity Insureds with the written consent of the Insurer, including the costs of appeal, attachment or similar bonds. However, the Insurer has no obligation to provide such bonds. Defense Costs shall not include salaries, wages, fees, overhead or benefit expenses associated with the directors, officers, employees, trustees, committee members, or volunteers of Named Entity, any Subsidiary, or Property Manager.
Defense Costs means all fees and expenses incurred by any Covered Party, caused by and relating to the adjustment, investigation, defense, or litigation of a Claim to which this coverage applies, including attorney's fees, court costs, interest on judgments accruing after entry of judgment, and the time and travel expenses of the Litigation Manager for attendance at trials, mediations, arbitrations and settlement conferences. Defense Costs shall not include attorney fees or costs awarded to a prevailing plaintiff against the Covered Party. Defense Costs shall not include the office expenses, salaries of Employees, or expenses of the Covered Party or the Authority. Defense Costs shall not include investigation costs incurred by investigators or adjusting expenses that were not approved by ERMA prior to the costs being incurred. Defense Costs are included within, and are not in addition to, the applicable Limit of Coverage. Defense Costs shall not include any fee or expense relating to coverage issues or disputes between the Authority and any Covered Party.
Defense Costs means all fees and expenses incurred by any Covered Party, caused by and relating to the adjustment, investigation, defense, or litigation of a claim to which this coverage applies, including attorney's fees, court costs, premiums for appeal bonds, and interest on judgments accruing after entry of judgment. Defense Costs shall include adjusting expenses of a third party claims administrator that are specifically identifiable with a claim subject to this coverage. Defense Costs shall include reasonable attorney fees and necessary litigation expenses incurred by or for a party other than the Covered Party, that are assumed by the Covered Party in a Covered Indemnity Contract where such attorney fees or costs are attributable to a claim for Damages covered by this Memorandum. Defense Costs shall include fees and expenses relating to coverage issues or disputes that arise after a written denial of coverage, between any Covered Party named in the Declarations and the Authority, if the Covered Party named in the Declarations prevails in such dispute. Defense Costs shall not include the office expenses, salaries of employees and officials, or expenses of the Covered Party or the Authority, or attorney fees or costs awarded to a prevailing plaintiff against the Covered Party.
Defense Costs means reasonable and necessary fees (including attorneys' fees and experts' fees) and expenses incurred in the defense of a Claim and cost of attachment or similar bonds, but shall not include the wages, salaries, benefits or expenses of any directors, officers or employees of the Insured Organization.
Defense Costs means reasonable and necessary expenses consented to by us resulting solely from the investigation, defense and appeal of any “claim” or “regulatory proceeding” against you. Such expenses may include premiums for any appeal bond, attachment bond or similar bond. However, we have no obligation to apply for or furnish such bond.