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Bizlnsure LLC
<br />4. Clause VI., DEFINITIONS, HH., Subsidiary, paragraphs 2. and 3. are deleted in their entirety
<br />and replaced as follows:
<br />2. acquires Management Control after the inception date of this Policy, provided the
<br />revenues of the entity do not exceed twenty five percent (25%) of the Named Insured's
<br />annual revenues for the four quarterly periods directly preceding inception of the Policy
<br />Period; or
<br />3. acquires Management Control after the inception date of this Policy, provided that if the
<br />revenues of the entity exceed twenty five percent (25%) of the Named Insured's annual
<br />revenues for the four quarterly periods directly preceding inception of the Policy Period,
<br />the provisions of Clause XV., Mergers and Acquisitions, must be fulfilled;
<br />5. Clause IX., NOTICE OF CLAIM, LOSS OR CIRCUMSTANCE THAT MIGHT LEAD TO A
<br />CLAIM, paragraphs A. and C. are deleted in their entirety and replaced with the following:
<br />A. If any Claim is made against the Insured, the Insured, upon knowledge of the means
<br />any principal, partner, corporate officer, director, Manager, general counsel (or most
<br />senior legal counsel) or risk manager of the Insured Organization and any individual in a
<br />substantially similar position of the Insured Organization, and any individual in a
<br />substantially similar position as those referenced above, or with substantially similar
<br />responsibilities as those referenced above, irrespective of the exact title of such individual
<br />and any individual who previously held any of the above referenced positions, shall
<br />forward as soon as practicable to the Underwriters through persons named in Item 9(a) of
<br />the Declarations written notice of such Claim in the form of a telecopy, email, or express
<br />or certified mail together with every demand, notice, summons or other process received
<br />by the Insured or the Insured's representative. Notwithstanding the foregoing, in no
<br />event shall the Underwriters be given notice of a Claim later than the end of the Policy
<br />Period, the end of the Optional Extension Period (if applicable), or sixty (60) days after
<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 />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 />E07313 Page 2 of 3
<br />062015 ed. APPROVED
<br />By Cynthia Mora at 9:57 am, Nov 25, 2024
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