Orange County NC Website
Browse       Search
DocuSign Envelope ID:24BBAFA9-CD81-4144-ACEF-E9036E703739 <br /> 6. any legal costs or legal expenses; or proving or establishing the existence of <br /> Funds Transfer Fraud; <br /> 7. the theft, disappearance, destruction of, unauthorized access to, or unauthorized <br /> use of confidential information, including a PIN or security code; <br /> 8. any forged, altered or fraudulent negotiable instruments, securities, documents or <br /> instructions; or <br /> 9. any actual or alleged use of credit, debit, charge, access, convenience or other <br /> cards or the information contained on such cards. <br /> Income Loss means an amount equal to: <br /> 1. net profit or loss before interest and tax that the Insured Organization would <br /> have earned or incurred; and <br /> 2. continuing normal operating expenses incurred by the Insured Organization <br /> (including payroll), but only to the extent that such operating expenses must <br /> necessarily continue during the Period of Restoration. <br /> Individual Contractor means any natural person who performs labor or service for the Insured <br /> Organization pursuant to a written contract or agreement with the Insured Organization. The <br /> status of an individual as an Individual Contractor will be determined as of the date of an <br /> alleged act, error or omission by any such Individual Contractor. <br /> Insured means: <br /> 1. the Insured Organization; <br /> 2. any director or officer of the Insured Organization, but only with respect to the <br /> performance of his or her duties as such on behalf of the Insured Organization; <br /> 3. an employee (including a part time, temporary, leased or seasonal employee or <br /> volunteer) or Individual Contractor of the Insured Organization, but only for <br /> work done while acting within the scope of his or her employment and related to <br /> the conduct of the Insured Organization's business; <br /> 4. a principal if the Named Insured is a sole proprietorship, or a partner if the <br /> Named Insured is a partnership, but only with respect to the performance of his <br /> or her duties as such on behalf of the Insured Organization; <br /> 5. any person who previously qualified as an Insured under parts 2. through 4., but <br /> only with respect to the performance of his or her duties as such on behalf of the <br /> Insured Organization; <br /> 6. an Additional Insured, but only as respects Claims against such person or <br /> entity for acts, errors or omissions of the Insured Organization; <br /> 7. the estate, heirs, executors, administrators, assigns and legal representatives of <br /> any Insured in the event of such Insured's death, incapacity, insolvency or <br /> bankruptcy, but only to the extent that such Insured would otherwise be provided <br /> coverage under this Policy; and <br /> F00731 <br /> 022019 ed. Page 9 of 24 <br />