Laserfiche WebLink
BizInsure LLC <br />E07312 Page 2 of 3 <br />062015 ed. <br />the expiration date of the Policy Period in the case of Claims first made against the <br />Insured during the last sixty (60) days of the Policy Period. <br />C. If during the Policy Period, the means any principal, partner, corporate officer, director, <br />Manager, general counsel (or most senior legal counsel) or risk manager of the Insured <br />Organization and any individual in a substantially similar position of the Insured <br />Organization, and any individual in a substantially similar position as those referenced <br />above, or with substantially similar responsibilities as those referenced above, <br />irrespective of the exact title of such individual and any individual who previously held any <br />of the above referenced positions, first becomes aware of any circumstance that could <br />reasonably be the basis for a Claim it may give written notice to the Underwriters in the <br />form of a telecopy, email or express or certified mail through persons named in Item 9(a) <br />of the Declarations as soon as practicable during the Policy Period. Such notice must <br />include: <br />1.the specific details of the act, error or omission in the provision of Professional <br />Services, or relating to a Security Breach that could reasonably be the basis for <br />a Claim; <br />2. the injury or damage which may result or has resulted from the circumstance; <br />and <br />3. the facts by which the means any principal, partner, corporate officer, director, <br />Manager, general counsel (or most senior legal counsel) or risk manager of the <br />Insured Organization and any individual in a substantially similar position of the <br />Insured Organization, and any individual in a substantially similar position as <br />those referenced above, or with substantially similar responsibilities as those <br />referenced above, irrespective of the exact title of such individual and any <br />individual who previously held any of the above referenced positions, first <br />became aware of the act, error, or omission or Security Breach. <br />Any subsequent Claim made against the Insured arising out of such circumstance which <br />is the subject of the written notice will be deemed to have been made at the time written <br />notice complying with the above requirements was first given to the Underwriters. <br />4. Clause XV. MERGERS AND ACQUISITIONS, paragraph A.,Newly Acquired Subsidiaries, is <br />deleted in its entirety and replaced as follows: <br />A.Newly Acquired Subsidiaries <br />If during the Policy Period the Named Insured or any Subsidiary acquires any entity <br />whose annual revenues are more than twenty five percent (25%) of the Named <br />Insured’s total annual revenues for the four quarterly periods directly preceding inception <br />of the Policy Period, then, subject to the Policy Period and all other terms and <br />conditions of this Policy, coverage under this Policy shall be afforded for a period of sixty <br />(60) days, but only for any Claim that arises out of any act, error or omission first <br />committed or incident or event first occurring after the entity becomes so owned. <br />Coverage beyond such sixty (60) day period shall only be available if the Named Insured <br />gives the Underwriters written notice of the acquisition, obtains the written consent of the <br />Underwriters to extend coverage beyond such sixty (60) day period to the entity and <br />agrees to pay any additional premium required by the Underwriters. <br />Docusign Envelope ID: 1B65D8BB-306F-4CEA-97D4-8D9BBCF94581