Archive for the ‘A to Z’ Category

Territorial and Jurisdiction Endorsement (Local Jurisdiction – Indonesia)

It is hereby understood and agreed that: Conditions 7.11 Jurisdictional Limitation is deleted in its entirety and replaced by the following: The cover this Policy provides is limited to any Claim brought in a court of law of the state, administrative region, territory or country in which this Policy is issued; Conditions 7.261 Territorial Limitation is deleted in ... Full story

Intentional Acts Endorsement

It is hereby understood and agreed that Automatic Extension 4.5 Intentional Acts is deleted in its entirety and replaced with the following: Intentional Acts – We will cover You for Claims in relation to Your conduct or the conduct of Your Employees, contractors or consultants which would otherwise have been excluded by Exclusion 6.5 Intentional Acts (Fraudulent, Dishonest and Criminal Acts and Statutory Breaches) provided that: ... Full story

Loss Mitigation Endorsement

It is hereby understood and agreed where a reported Claim requires remediation or mitigation, We will pay the reasonable and direct cost of any remediation or mitigation provided that: written notice of any Claim and the work that is required to rectify it or mitigate its consequences shall be given as soon as practicable during the Period of Insurance; such costs must be supported by ... Full story

Specific Exclusion

It is hereby understood and agreed that notwithstanding anything in this Policy, We shall not be liable under this Policy to provide indemnity for any Claim directly or indirectly arising out of, in consequence of, or contributed to by (ITEM TO BE EXCLUDED). Full story

Sound Claims History Endorsement

It is hereby understood and agreed that if Claims incurred for the current Period of Insurance do not exceed (insert amount), a claim discount of ten percent (10%) (Or insert amount) of the current premium will be given against the renewal premium, provided You renew the policy with Us.  In the event that We do not offer renewal terms, then the claims discount will be ... Full story

OVERSEAS VISITS (Excluding USA & Canada)

It is hereby declared and agreed that this Policy extends to indemnify the insured for all sums which the Insured shall become legally liable to pay as compensation for accidental bodily injury to any person or damage to property caused by the fault or negligence of the Insured’s Executives whilst engaged on the Insured’s business anywhere in the world. Full story

OWN SURROUNDING PROPERTY (US$ 10,000.00 EACH AND EVERY LOSS)

The Insurer will subject to the Limit of Liability stated in the Schedule indemnify the Insured against impact damage to Own Surrounding Property directly resulting from sudden and unforeseen damage as defined in the Specification of this Policy to the machinery described in the Schedule. “Own Surrounding Property” shall mean property belonging to the Insured or in his custody or control other than : a) any ... Full story

OUTSIDE INSURED CATERING CLAUSE

It is agreed that this policy shall extend to indemnify the Insured against all sums which the insured shall become legally liable to pay as compensation in respect of death oor bodily injury or illness of any person caused by outside catering carried on by the insured at oraway from the premises as described in this policy. Subject otherwise to the terms, conditions and exceptions ... Full story

PHARMACEUTICAL PRODUCTS

This policy does not provide indemnity for the manufacturing  of pharmaceutical  products. Full story

PRODUCT EFFICACY EXCLUSION, APPLICABLE TO DEGUSSA PRODUCTS ONLY

It is agreed and declared that this Policy shall not apply to Personal Injury or Property Damage resulting from the failure of the Insured’s Products, or work completed by or for the Insured, to perform the function or serve the purpose intended by the insured if such failure is due to a mistake or deficiency in any design, formula, plan, specification, advertising material or printed ... Full story

PRODUCT EFFICACY /GUARANTEE/WARRANTY/ABSOLUTE LOSS OF USE EXCLUSION Exclusion 4.12 “LOSS OF USE is amended to read :

4.12.     LOSS OF USE Loss of use of tangible property which has not been physically injured or destroyed resulting from : 4.12.1   a delay in or lack of performance by or on behalf of the Insured of any contract or agreement, 4.12.2.  the failure of the Insured’s Products to meet the level of performance, quality, fitness or durability expressly or impliedly warranted or represented by the Insured. It is ... Full story

PROPERTY IN THE PHYSICAL OR LEGAL CONTROL OF THE INSURED :

The exclusion of property in the charge or under control of the Insured or any servant of the Insured in this Policy shall not apply to loss of or damage to property belonging to the Insured’s customers or suppliers and entrusted to the Insured. This endorsement shall not apply to the Insured’s Legal Liability for loss of or damage to the said property : if such ... Full story

PUNITIVE, AGGRAVATED, EXEMPLARY DAMAGES EXCLUSIONS

Punitive damages and/or exemplary damages and/or aggravated damages and/or any additional damages resulting from the multiplication of compensatory damages. Full story

PLANT AND MACHINERY CLAUSE (INCLUDING LIFT & ESCALATOR)

It is hereby understood and agreed that this Policy extends to indemnify the Insured’s legal liability for claim in respect of bodily injury or damage to property arising directly or indirectly out of or caused by or in connection with any plant and machinery in the physical or legal control of the Insured or used in work undertaken by or on behalf of the Insured. ... Full story

Run-off Entity Cover

It is hereby understood and agreed that notwithstanding anything in this Policy, coveris limited to Claims made against You in respect of liability arising from an act, error or omission occurring prior to the effective date (OR INSERT THE SPECIFIC DATE) that such insured entity ceased to exist or operate or was consolidated with, merged into or acquired by another entity, unless otherwise agreed in ... Full story

PROPERTY OF GUEST LODGED FOR SAFE CUSTODY CLAUSE (LIMIT US$ 10,000.00 PER GUEST)

It is agreed and declared that EXCLUSION 4.19.2 of this policy shall not apply to liability for Property Damage to property of guests or lodgers deposited with the Insured specifically for the safe custody provided that Company’s Limit of Indemnity under this endorsement shall not exceed US$ 10,000.00 any one occurrence. Provided further that Company shall not be liable for : The first US$ 500.00 ... Full story

Principal Endorsement

It is hereby understood and agreed that this Policy extends to indemnify the interest of (NAME OF PRINCIPAL), as Principal, for any Claim first made during the Period of Insurance and notified to Us, against the Principal which arises solely out of work carried out by You and arising from Your Business. No indemnity shall extend to liability arising from activities carried out by (NAME OF ... Full story

PROFESSIONAL FEES CLAUSE

The Policy extend to indemnify the Insured in respects of architects’ surveyors’ and consulting engineers’ fees necessarily incurred in the reinstatement of the property insured consequent upon its destruction or damage but not for the preparing of any claim. It is being understood that the amount payable for such fees shall not exceed those authorized under the scale of Royal Institute of British architects or ... Full story

Non-Stacking Endorsement

It is hereby understood and agreed that if more than one Policy issued by Us applies to a Claim, thenOur maximum aggregate liability under such policies combined, with respect to such Claim shall be the largest of such applicable limit of indemnity. For the avoidance of doubt, this endorsement is applicable to the following policies only: Insured Organisation   Policy Number Full story

PRIVATE WORKS FOR DIRECTORS AND EXECUTIVES

This policy shall indemnify the Insured and any Directors or Executives of the Insured in respect of their private duties : Provided that : Such Director and/or Executive is not entitled to indemnity under any other Policy or policies. The extension by this endorsement shall not apply to or include liability in respect   of    injury   to  any   person   under   a   contract   of  service   or apprenticeship with  ... Full story

Non-Accumulation Clause

It is hereby understood and agreed that theLimit of Indemnity of this Policy shall be non-cumulative with other insurance policies issued by Us and the respective Limits of Indemnity of such other policies shall not increase by virtue of the existence of such other policies. In the event of a Claim arising where more than one policy is issued by Us, then Our maximum Limit ... Full story

Mid-Term Increase of Limit of Indemnity Endorsement

It is hereby understood and agreed that in consideration of You paying the additional premium of (ADDITIONAL PREMIUM AMOUNT), the Limit of Indemnity is increased to (NEW LOI) any one claim and in the aggregate inclusive of costs and expenses with effect from (DATE OF ENDORSEMENT). It is further agreed that the new Limit of Indemnity, as provided above, shall only apply to Claims and/or circumstances ... Full story

PROPERTY UNDER CUSTODY, CARE AND CONTROL (BL 51)

Notwithstanding anything contained in this policy to the contrary, it is hereby declared and agreed that this policy  is extended to cover insured’s legal liability on the property for which the insured are entrusted and responsible in the event of loss or damage whilst in their custody, care and control. Provided always that in the event of any claim under this extension the insured shall be ... Full story

PURE FINANCIAL LOSS EXCLUSION

It is hereby declared and agreed that no liability shall attach to this Policy in respect of any claim made against the Insured based upon or arising out of consequential financial loss incurred by any party additional to the monetary cost of actual repair rectification or replacement of the property and all cost and expenses reasonably and necessarily ... Full story

Co-Insurance Clause

________________________ will follow _______________________, in all matters relating to this Policy. All subsequent endorsements or amendments to this Policy shall be signed by ________________________ on behalf of each of Us. It is hereby understood and agreed that We referred to in this Policy are as follow: Insurer   Proportion   Company Stamp       %     (Lead Co-Insurer)            ... Full story

PREMIUM PAYMENT WARRANTY

It is a fundamental and absolute special condition of this contract of insurance that the premium due must be paid and received by the Insurer within ninety (90) days from the inception date of this policy/endorsement/renewal certificate, unless otherwise agreed by the Insurer. If this condition is not complied with then this contract is automatically cancelled and the Insurer shall be entitled to the pro rata ... Full story

Insolvency Exclusion

It is hereby understood and agreed that We shall not be liable for any Claim directly or indirectly arising out of, in consequence of, or contributed to by the insolvency of any of You.   Full story

Long Term Agreement

It is hereby understood and agreed that We agree to offer renewal at the expiring terms below subject to the following conditions:   Your Business is unchanged, and Incurred total claims (paid plus outstanding reserves) does not exceed (50% of premium paid), and Change in Turnover is less than 20%, and No change in law that will have the impact of increasing Our exposure, and No ... Full story

PREMISES MEDICAL EXPENSE – Limited to S$ 2,000.- per person/S$ 20,000.- in aggregate

Notwithstanding the Indemnity provided for under this Policy and subject to the Policy Limits of Liability, the Company will pay medical expenses as described below for third party personal injury caused by an accident i) on premises owned or rented by the Insured ii) on ways next to premises owned or rented by the Insured iii)         arising out of or in connection with the Insured’s business ... Full story

Additional Insured Endorsement (Mid-Term)

It is hereby understood and agreed that with effect from (DD MM YYYY) this Policy is extended to include (NAME OF ADDITONAL INSURED) as an additional Named Insured. It is further understood and agreed that in respect of (the above additional insured) the retroactive date applicable is (DD MM YYYY of Endorsement) In view of the above an additional premium of (AP AMOUNT) is payable ... Full story

Property Development Endorsement

It is hereby understood and agreed that the property and development activities described as Your Business will only extend to include scope of activities as declared in the completed Proposal provided by You. PROVIDED ALWAYS THAT We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by: construction activities; or accounting services normally provided by a certified ... Full story

SOCIAL ACTIVITIES ENDORSEMENT

It is hereby declared and agreed that this Policy is extended to indemnify the Insured in respect of the Insured’s legal liability for bodily injury and property damage as within defined in this Policy caused by or arising out of an in connection with any social recreational or welfare activities organized supervised and managed by the Insured for its invited participants including employees their families ... Full story

Project Managers Endorsement

It is hereby understood and agreed that this Policy shall extend to include Your activities as project/construction managers. PROVIDED ALWAYS THAT: this shall be limited to Your performance of design, consultancy, advice, construction co-ordination and also those activities and duties normally undertaken by a qualified architect, consulting engineer or other specialist engineering or surveying consultants; We will not pay for any Claim directly or indirectly ... Full story

STEVEDORING

It is agreed and declared that this policy does not provide any indemnity directly or indirectly arising stevedoring operations performed by the Insured Full story

Licensing Endorsement

It is hereby understood and agreed definition 8.16 You, Your, Yours is deleted in its entirety and replaced with the following: You, Your, Yours – means: the Named Insured; any person who is, during the Period of Insurance, a principal, partner or director of the Named Insured but only in respect of work performed while a principal, partner or director of the Named insured; any ... Full story

Design and Advisory Endorsement

It is hereby understood and agreed that this Policy is limited to cover only design and advisory work carried out by You or on Your behalf only. Full story

SPORT AND SOCIAL CLUB AND MEDICAL FACILITIES

The Insured’s business shall be understood to include the provision of sport, social and welfare activities for the benefits of the Insured’s employees. For the purpose of this endorsement the Company will treat as though he were the Insured any employee engaged in the above mentioned activities provided that : Such employee is not entitled to indemnity under any other policy; Such employee shall observe the ... Full story

Conveyancers Endorsement

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by the provision of conveyancing services where You act for both parties in the property conveyancing transaction. Full story

Claims Control Clause

It is hereby understood and agreed that it is a condition precedent to any liability under this Policy that: the reinsured shall, upon knowledge of any circumstances which may give rise to a claim against this Policy, advise the reinsurers in writing immediately and in any event within fourteen (14) days; the reinsured shall furnish the reinsurers with all information with regards to any claim ... Full story

Cancellation and Abandonment Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by the cancellation, delay or abandonment of any event, meeting, conference or any other function. Full story

Valuation Work Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by valuation work. Full story

Contingent Liability for Non-owned and Hired Autos

The Insurer will indemnify the Insured in respect of accidental injury to any person and/or accidental loss of or damage to property arising out of the use of any motor vehicle not the property of or provided by the Insured and being used for the purpose of the Business. Provided that this extension shall not apply to : (a)      damage to any such vehicle or to property ... Full story

SUBCONTRACTORS CLAUSE

It is agreed that this policy is extended to cover the legal liability of the Insured within the terms, exceptions and conditions of this Policy in respect of the illness, injury, loss or damage caused by or in connection with employment of sub-contractors or the servants or agents of such sub-contractors by the Insured Full story

Valuation Work Endorsement

It is hereby understood and agreed that this Policy is limited to cover valuation work undertaken by qualified and registered valuers only. Full story

Treatment Efficacy Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by the failure of any treatment or product to correctly fulfil its intended use or function and/or meet the level of performance, quality, fitness or durability warranted or represented by You or on Your behalf. Full story

SPA OR MASSAGE FACILITIES EXTENSION

It is hereby declared and agreed that the insurance by this policy is extended to cover the legal liability of the Insured arising out of the ownership and/or operation of any spa or massage facilities. Full story

Third Party Funds Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by the misallocation, misdirection or similar of third party funds and/or third party clients’ funds . Full story

SPORT FACILITIES CLAUSE

It is agreed that this Policy shall extend to indemnify the legal liability of the Insured arising out of provision by the Insured of sporting facilities. It is also a proviso that the insured shall display the disclaimer notices at all the sport facilities areas highlighting that the Insured is not liable and will not be held responsible for bodily injury and/or property damage to ... Full story

Territorial and Jurisdiction Endorsement (Including USA / Canada)(cannot remove standard pollution exclusion in policy wording when issuing this endorsement)

It is hereby understood and agreed that: (a)  Exclusion 6.19 USA/Canada Territory and Jurisdiction is deleted in its entirety; and (b)  Condition 7.10 Jurisdictional Limitation is deleted in its entirety and replaced by the following: The cover provided by this Policy shall apply to Claims brought anywhere in the world. (c)   Condition 7.25 Territorial Limitation is deleted in its entirety and replaced by the following: The cover provided by this ... Full story

SPORTS, SOCIAL AND WELFARE CLUB

Notwithstanding anything contained herein to the contrary, the Insured shall additionally mean any welfare, social and/or sporting club, together with their office bearers and/or members, formed with the knowledge and consent of the Insured. Full story

Real Estate Agents Endorsement

It is hereby understood and agreed that Definition 8.16 You, Your, Yours is deleted in its entirety and replaced with the following: 8.16        You, Your, Yours – means: 8.16.1        the Named Insured; 8.16.2       any person who is, during the Period of Insurance, a principal, partner or director of the Named Insured but only in respect of work performed while a principal, partner or director of the Named insured; 8.16.3       ... Full story

SOCIAL & RECREATIONAL ACTIVITIES

It is hereby declared and agreed that this policy is extended to indemnify the Insured in respect of the Insured’s legal liability for bodily injury and property damage as within defined in this policy caused by or arising out of and in connection with any social, recreational or welfare activities organized, supervised and managed by the Insured for its invited participants including employees, their families ... Full story

Research Work Endorsement

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by research and development activities (or the facilitation of research and development). However, this exclusion shall not apply to Claims arising directly from failure to perform scientific research in accordance with generally established, or statutory, laboratory practices and procedures and ... Full story

STOCKFEED PRODUCTS EXCLUSION

Attaching to and forming part of policy number: This Policy does not cover any liability in respect of Personal Injury or Property Damage arising directly or indirectly from or caused by, contributed to by or arising from Your Product(s) used or intended for use as an animal feed or any ingredient thereof. Other than as amended above, the terms, conditions and exclusions of this Policy shall continue ... Full story

Non-Construction Project Managers Endorsement

It is hereby understood and agreed that We will cover You for Claims arising from Your activities as project managers, provided that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by: (a)  any failure to effect or maintain insurance or advice on insurance; or (b)  any advice on investment, financial or tax matters; or (c)   any negligence ... Full story

SUDDEN AND ACCIDENTAL POLLUTION CLAUSE

The cover by this policy shall extend to include damage to or loss of use of the property directly or indirectly caused by pollution or contamination but only when such damage is caused by a sudden unintended and unexpected happening during the period of this Insurance. Full story

Molestation Exclusion with defence costs sub-limit

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by any actual or alleged act of molestation or physical interference with any person that is committed by You. However this Exclusion shall not apply to defence costs and expenses, which is sub-limited to S$50,000 any one claim and in ... Full story

Molestation Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by any actual or alleged act of molestation or physical interference with any person that is committed by You. Full story

SWIMMING POOL LIABILITY CLAUSE A

It is hereby declared and agreed that the insured’s premises described in the schedule of the policy under the heading of situation of risk includes a swimming pool Full story

Mergers and Acquisitions Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by advisory services provided in relation to mergers, acquisitions, takeovers, corporate restructures or share issues. Full story

Market Fluctuation Endorsement

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by depreciation (or failure to appreciate) in value of any investments, including but not limited to, property, shares, securities, commodities, currencies, options and futures or derivative transactions, or as a result of any actual or alleged representation, advice, guarantee ... Full story

Legal Advice and Consultation Exclusion

It is hereby understood and agreed We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by the provision of any legal advice and/or consultation services. Full story

SWIMMING POOL LIABILITY CLAUSE B

It is hereby declared and agreed that the policy extends to indemnify the insured for claims in respect of death or bodily injury or damage to property arising directly or indirectly out of or caused by or in connection with the swimming pool. Full story

Intellectual Property Exclusion

It is hereby understood and agreed that notwithstanding Scope of Cover 3.4 Infringement of Intellectual Property Rights, We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by any infringement of copyright, trademarks, registered designs or patents, or any plagiarism. Full story

SUBCONTRACTORS CLAUSE

It is agreed that this policy is extended to cover the legal liability of the Insured within the terms, exceptions and conditions of this Policy in respect of the illness, injury, loss or damage caused by or in connection with employment of sub-contractors or the servants or agents of such sub-contractors by the Insured. Provided always that: The sub-contractors shall as though the insured observe fulfill ... Full story

SOCIAL & RECREATIONAL ACTIVITIES

It is hereby declared and agreed that this Policy is extended to indemnify the insured in respect of the Insured’s legal liability for bodily injury and damage as within defined in this policy caused by or arising out of and in connection with any social, recreational or welfare activities organized supervised and managed by the Insured for its invited participations including employees, their families anywhere ... Full story

Intellectual Property Exclusion

It is hereby understood and agreed that notwithstanding Scope of Cover 3.4 Infringement of Intellectual Property Rights, We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by any infringement of copyright, trademarks, registered designs or patents, or any plagiarism. Full story

SEEPAGE, POLLUTION AND CONTAMINATION EXCLUSION CLAUSE (NMA 1685)

This Insurance does not cover any liability for: Personal Injury or Bodily Injury or loss of, damage to, or loss of use of property directly or indirectly caused by seepage, pollution or contamination, provided always that this paragraph 1. Shall not apply to liability for Personal Injury or Bodily Injury or loss of or physical damage to or destruction of tangible property, or loss of ... Full story

Human Resource Providers Endorsement

It is hereby understood and agreed that this Policy is limited to cover the advice and service in relation to the provision of staff to third parties and We will not pay for any Claim arising from or relating to the quality of work performed by these staff for or on behalf of third parties. Full story

Fitness Instructors Endorsement

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by any exercise/classes that are not under direct and active supervision of, or conducted by, qualified instructors. Full story

TOOL OF TRADE RISK

Notwithstanding anything contained herein to the contrary this Policy is extended to include the Insured’s liability caused by and arising out of accidental death or bodily injury or damage to property as defined caused by and arising out of any work carried out by sub-contractors in connection with the Insured’s business. Full story

Extended Continuous Cover Endorsement

It is hereby understood and agreed that Automatic Extension 4.2 Continuous Cover is deleted in its entirety and replaced with the following: 4.2.  We will accept Your late notification of Claims, facts or circumstances which should have been made under a previous professional indemnity policy for Your Business provided that: 4.2.1.     no cover is available under any other previous professional indemnity policy; and 4.2.2.     You have continuously had ... Full story

THIRD PARTY AND PASSENGERS LIABILITY CLAUSES

It is hereby noted and agreed that notwithstanding herein contained in Section Liability to Third Party and Passengers Liability, The Company shall indemnify the insured up to an amount of USD or US$ 1,000,000.00. Per accident with regard to demands against the insured by person (s) inside or outside the motor vehicle insured under this policy at the moment of the accident with the exception of ... Full story

Event Managers Endorsement

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by: (a)  any advice on insurance or any failure to effect or maintain any type of insurance; or (b)  any advice on investment, marketing, financial or tax matters; (c)   any negligence in relation to the provision of finance; or (d)  the insolvency of ... Full story

TERRORISM EXCLUSION CLAUSE (NMA 2920)

Notwithstanding any provision to the contrary within this insurance or any endorsement thereto it is agreed that this insurance excludes loss, damage, death injury, illness, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any act of terrorism regardless of any other cause or event contributing concurrently or in any ... Full story

Environmental Pollution Surveys Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by any environmental pollution surveys. However this exclusion shall not apply to the following: (a)  surveys or population studies of flora or fauna; and (b)  environmental impact surveys which shall mean a document describing the effects of a proposed activity on ... Full story

Defamation Exclusion

It is hereby understood and agreed that notwithstanding Scope of Cover 3.3 Defamation, We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by defamation made by You or at Your direction. Full story

Large Project Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by Your involvement in any project where total contract value exceeds US$25,000,000. Your involvement in projects of this magnitude will be considered as a material change and condition 7.2 Alteration of Risk will apply. Full story

TENANT’S LIABILITY

It is hereby understood and agreed that property in the charge of or under the control of the Insured shall be deemed not to include Premises (including Fixtures and Fittings) Leased or rented to the Insured including residence occupied by expatriates. Subject otherwise to the Terms Exceptions and Conditions and Conditioned of this Policy Full story

Conflict of Interest

It is hereby understood and agreed that Weshall not be liable under this Policy to indemnify the Insured in respect of any Claim directly or indirectly based upon, attributable to or in consequence of any actual or alleged conflict of interest, including but not limited to: (a)    the inducement, recommendation or endorsement  of investment or lending of funds in the Insured itself or its parent entity, ... Full story

Construction Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by physical construction by You or on Your behalf. Full story

Pecuniary Loss Exclusion

It is hereby understood and agreed that We will not pay for any Pecuniary losses other than consequential losses flowing from personal injury. Full story

TENANT CLAUSE

Should a tenant of the Insured in any Within Building do or omit to do, without the knowledge or consent of the Insured, anything which would vitiate any Condition and/or Warranties, this Section will not be held to be void on that account provided that the Insured shall not notify to the Company the happening or existence of such act or omission as soon as ... Full story

TENANTS LIABILITY – LOSS OR DAMAGE TO LEASED OR RENTED PREMISES.

It is hereby declared and agreed that this policy is extended to indemnity the Insured against liability at law in respect of accidental damage to the premises occupied by them as tenants for the purpose of the business. Full story

UNDERGROUND MINING

It is hereby noted and agreed that any occurrence and/or claims related to or involving underground mining and/or underground activities are excluded from this policy. Full story

Consequential Loss Exclusion

It is hereby understood and agreed that We will not pay for any liability directly arising out ofconsequential losses other than consequential losses flowing from personal injury. Full story

UNDERGROUND SERVICES

It is hereby noted and agreed that occurrence and/or claim related to underground services are excluded from this Policy. Full story

Pure Economic Loss Exclusion

It is hereby understood and agreed that We will not pay for any pure economic losses other than consequential losses flowing from personal injury. Full story

Bribes and Illegal Payment Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by: (a)  payments, commissions, gratuities, benefits or any other favours to or for the benefit of any full or part-time domestic or foreign governmental or armed forces officials, agents, representatives, employees or any members of their family or any entity ... Full story

Artwork Approval Endorsement

It is hereby understood and agreed that as a condition precedent to Your right to be indemnified under this Policy, You must ensure that all artwork and/or copywriting must be approved by Your third party client in writing before You can proceed with the printing. Full story

Airside Liability Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by damage or injury to aircraft, passengers or crew.   Full story

Absolute Failure to Supply Water Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by a complete or partial failure to supply water. Full story

Absolute Failure to Supply Telecommunication Services Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by a complete or partial failure to supply telecommunication services. Full story

Absolute Failure to Supply Gas Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to bya complete or partial failure to supply gas. Full story

TAILING POLLUTION EXCLUSION

It is hereby noted and agreed that pollution including sudden and/or accidental occurrences are excluded from this policy when in relation to tailings on land, air and/or sea Full story

Absolute Bodily Injury / Property Damage Exclusion

It is hereby understood and agreed that We will not pay for any Claim directly or indirectly arising out of, in consequence of, or contributed to by: (a)          bodily injury, mental injury, sickness, disease or death of any person; and (b)          damage to, destruction of, including loss of use of, any property. This exclusion shall not apply to the cover provided under clause 3.6 Loss of Documents and ... Full story

TEMPORARY VISITS OVERSEAS

It is agreed that this policy shall extend to cover the legal liability of the insured within the terms, exceptions and conditions of this policy in respect of travel out of the geographical limits by directors’ executives or employees of the insured. Subject otherwise to the terms, conditions and exceptions of this policy. Full story

TENANTS LIABILITY

It is hereby declared and agreed that this Policy is extended to indemnify the Insured against Liability at law in respect of accidental damage to the premises occupied by them as tenants for the purpose of the business. Full story

UNLICENSED VEHICLES CLAUSE

It is hereby and agreed that this Policy extends to indemnify the insured for claims in respect of bodily injury or damages to property arising out of the use of vehicles (not licensed for public road) in and around the premises for the purpose of property maintenance and repair. Full story

OPERATIONAL (Mining) LIABILITY EXCLUSION

This Policy does not cover liability in respect of Personal Injury or Property Damage directly or Indirectly caused by, contributed to by or arising out of any operation mining activities performed by the Insured or on the Insured’s behalf Full story
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