Extortion Expenses definition

Extortion Expenses means the reasonable and necessary expenses incurred by the “Insured”, with the prior consent of the Company, that are directly attributable to a “Cyber Extortion Threat”.
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Examples of Extortion Expenses in a sentence

  • If within the Operative Time an Insured Person is kidnapped or allegedly kidnapped during an Insured Journey outside of their Country of Permanent Residence the Company shall indemnify the Insured for the benefit of the Insured Person for any Kidnap or Extortion Expenses up to the Sum Insured per Insured Journey shown in the Business Travel Specification subject to the Limit for Kidnap or Extortion Consultants’ Costs shown in the Insuring Agreement.

  • Extortion Expenses are payable under INSURING AGREEMENT (D) only.

  • E-Commerce Extortion Expenses include reasonable costs, fees and expenses incurred by the Insured Organization, with the Company’s prior written consent and pursuant to a recommendation by an Approved Service Provider, to prevent or mitigate E-Commerce Extortion Expenses.

  • The Insurer will pay the Insured Organization for E-Commerce Extortion Expenses resulting from E-Commerce Extortion taking place anywhere in the world during the Policy Period and Discovered during the Policy Period or the Automatic Extended Period to Discover Loss.

  • The Company will pay the Insured Organization for E-Commerce Extortion Expenses resulting from E- Commerce Extortion taking place anywhere in the world during the Policy Period and Discovered during the Policy Period or the Automatic Extended Period to Discover Loss.

  • The self-insured retention amounts shall be paid by the Insured as a condition precedent to the payment of any Claim Expenses, Damages, Privacy Breach Costs, Digital Asset Replacement Expenses, Extortion Expenses, Extortion Payments, Business Income Loss, Contingent Business Income Loss and Extra Expenses hereunder.

  • The value of E-Commerce Extortion Expenses will be determined as of the date such E- Commerce Extortion Expenses are paid or lost.