Page 170 - Brook-Hollow Due Diligence Package

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in connection with any loan. 3.58 Reconstitution costs
3.49 Office contents the reasonable costs of rewriting or amending the insured’s software programs or systems with the
the furnishings, fixtures, equipment, tangible computer related equipment, alarms, stationery, prior written consent of the insurer where such rewriting or amending is necessary to correct the
record books, supplies or safes and vaults, either owned by the insured or for which the insured is programs or amend the security codes following an identity fraud.
liable or the personal property of employees or customers whilst on the insured’s premises. 3.59 Reputation recovery expenses
3.50 Payment the reasonable fees, costs and expenses incurred and paid by the insured, with the insurer’s prior
an amount paid or payable by the insurer under any insurance cover or extension of this policy for written consent, to procure public relations services to redress adverse publicity or reputational
loss, costs, fees and expenses resulting from any single act, single omission, or single event, or injury due to an identity fraud.
series of related or continuous acts, omissions or events. 3.60 Retention
3.51 Plan the amount specified in item 4 of the schedule.
any pension, employee benefit, welfare benefit, share saver or share option plan or charitable fund 3.61 Security
or foundation maintained by the insured for the benefit of the past, present and/or future (i) stock, shares, scrip, transfers, certificates, bonds, coupons and all other types of securities
employees or their respective beneficiaries, existing on or before the inception date of this policy. (including securities held in book entry form or as a statement of uncertificated security), bills
3.52 Plastic cards of exchange, promissory notes, certificates of deposit, letters of credit, warrants, title deeds,
credit, debit, charge, access, convenience, smart, identification or other cards similar in nature or deeds of trust, bearer instruments or other documents and any other documents of a
effect. negotiable nature;
3.53 Policyholder (ii) original (including original counterparts) negotiable or non-negotiable agreements in writing,
the organisation specified in item 1 of the schedule. other than as set forth in (iii) below, having value which is, in the ordinary course of
business, transferable by delivery of such agreements with any necessary endorsement or
3.54 Policy period assignment; or
the period of time from the inception date until the expiry date specified in item 2 of the schedule, (iii) original corporate, partnership or personal guarantees.
unless: 3.62 Service bureau
(i) the policy is cancelled before the expiry date;
a natural person, partnership or corporation authorised by written agreement with the insured to
(ii) the policy is extended by endorsement; or perform data processing services using computer systems.
(iii) extended under extension 2.10. 3.63 Statement of uncertificated security
3.55 Premises a written statement of the issuer of an uncertificated security containing:
the interior portion of any building owned or occupied by the insured and in which they conduct (i) a description of the issue of which the uncertificated security is a part; and
their business. (ii) the number of shares or units:
3.56 Promissory note (a) transferred to the registered owner;
an unconditional promise in writing by one person to another signed by the maker engaging to pay,
on demand or at a fixed or determinable future time, a sum certain in money to or to the order of a (b) pledged by the registered owner to the registered pledgee;
specified person or to bearer. (c) released from the pledge by the registered pledgee;
3.57 Property (d) registered in the name of the registered owner on the date of the statement; or
(i) cash (including currency, coins and banknotes), bullion, precious metals of all kinds and in (e) subject to pledge on the date of the statement; and
whatsoever form, and articles made therefrom, jewellery, gems (including uncut gem (iii) the name and address of the registered owner and registered pledgee; and
stones), precious and semi-precious stones, stamps, postal orders, insurance policies; (iv) a notation of any liens and restrictions of the issuer and any adverse claims to which the
(ii) any document; uncertificated security is or may be subject or a statement that there are no such liens,
(iii) any security; restriction or adverse claims; and
(iv) all other negotiable and non-negotiable instruments, or contracts representing money or (v) the date:
other property (real or personal) or interests therein, and other valuable papers, including (a) the transfer of the shares or units to the new registered owner of the share or units is
books of account and other records used by the insured in the conduct of their business, in registered;
which the insured has an interest, or which are held by the insured for any purpose or in any (b) the pledge of the registered pledgee was registered, or
capacity and whether so held gratuitously or otherwise, and whether the insured are legally (c) of the statement, if it is a periodic or annual statement.
liable for them or not; or
3.64 Stolen identity expenses
(iv) electronic data which is stored or recorded upon electronic processing media.
the reasonable and necessary legal fees, costs and expenses incurred by the insured with the
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Besso Limited. A Subsidiary Of Besso Insurance Group Limited Besso Limited. A Subsidiary Of Besso Insurance Group Limited
8 -11 Crescent, London EC3N 2LY 8 -11 Crescent, London EC3N 2LY
Authorised and regulated by the Financial Conduct Authority, FCA Firm Reference No. 309159 Authorised and regulated by the Financial Conduct Authority, FCA Firm Reference No. 309159
Registered in England Number 00910680 Registered in England Number 00910680
www.besso.co.uk www.besso.co.uk