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a.ThisCOVERAGE D is canceled or not renewed for any reason; or <br />b.We renew or replace this COVERAGE D with insurance that does not apply to <br />an “error or omission” on a claims-made basis; or <br />c.We renew or replace this COVERAGE D with insurance that has decreased in <br />limits, reduction of coverage, increased deductible or self-insured retention, <br />new exclusion or any other change less favorable to the insured. <br />2.The Automatic Extended Reporting Period starts with the end of the policy and lasts <br />for a period of sixty (60) days. The Automatic Extended Reporting Period is provided <br />at no charge. <br />3.The Automatic Extended Reporting Period does not extend the policy period or <br />change the scope of coverage provided. They apply only to “claims” to which the <br />following applies: <br />a.The “claim” is first made during the Automatic Extended Reporting Period; <br />b.The “error or omission” occurs before the end of the policy period; and <br />c.The “error or omission” did not commence before the Retroactive Date, if any. <br />4.The Automatic Extended Reporting Period: <br />a.Does not reinstate or increase the Limit of Insurance. <br />b.Is not renewable; and <br />c.Cannot, once in effect, be canceled. <br />G.DEFINITIONS <br />For the purposes of COVERAGE D, the following additional Definitions apply: <br />1.“Claim” means a written demand for “damages”, including the service of a “suit”. Claim <br />does not include criminal, administrative or regulatory proceedings. <br />2.“Damages” means economic loss to customers consisting of: <br />a.“Loss of income” by the customer due to the use of “your product”; <br />b.Costs and expenses paid by your customer to reduce their “loss of income” and <br />“loss of use”; and <br />c.The additional amount spent by your customer to replace “your product” than <br />what was spent by the client in purchasing “your product”. <br />3.“Defense costs” means all reasonable and necessary fees charged by an attorney we <br />consent to and all other fees, costs and expenses resulting from the investigation, <br />adjustment, defense and appeal of a “claim” if incurred by us. This does not include <br />salaries of our employees or officers or the costs to hire an independent adjuster <br />retained by us. <br />00 GL0793 00 12 16Includes copyright material of Insurance Services Office, Inc., Page 10 of 11 <br />with its permission. <br />INSURED COPY <br /> <br />