Archive for the ‘O-Clauses’ Category

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

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

OFFSITE STORAGE AND FABRICATION CLAUSE

Notwithstanding the situation described in the schedule the cover afforded by this policy extends to include any materials, plants or items, whilst located anywhere in the Republic of Indonesia provided they are intended to be used on or will part of the contract works. Full story

OWNED AUTOMOBILES

It is agreed and declared that this policy provides indemnity for liability arising out of vehicles registered by the Insured in excess of any underlying motor or liability policies and will provide difference in conditions coverage within the terms and conditions of this policy. Indemnity provided by this endorsement does not extend to any liability in respect of vehicles registered in (state your country) except as ... Full story

ON DECK SHIPMENTS

Shipments, including those with an under deck bill of lading, are insured on or under deck subject to cover terms and conditions including jettison, washing and loss overboard Full story

OWNED AUTOMOBILES

It is agreed and declared that this policy provides indemnity for liability arising out of vehicles registered by the Insured in excess of any underlying motor or liability policies and will provide difference in conditions coverage within the terms and conditions of this policy. Indemnity provided by this endorsement does not extend to any liability in respect of vehicles registered ... Full story

OVER-TOPPING OF COFFERDAMS EXCLUSION

This policy does not cover loss or damage arising from the overtopping of cofferdams. Full story

OUTBUILDINGS CLAUSE

The insurance by each item under buildings is understood to include walls, gates and fences, small outside buildings, extensions, annexes, exterior staircase, fuel installation, steel or iron framework and thanks in the said premises and the insurance by each item under contents extends to contents of each outbuilding, provided their values are included in the sum insured. Full story

OUTSIDE PREMISES STORAGE

Where the Insured enters into a contract for storage  of goods or merchandise and the terms of the storage contain a disclaimer clause then the insurance herein shall not be prejudiced by the Insured agreeing to such terms.   Full story

OUTPUT REPLACEMENT

If the Property Insured includes property which has a measurable output and  which is capable of replacement with a new item or items which perform a similar function when such property shall be valued for insurance purposes as follows, and values for the settlement of any loss destruction or damage in respect thereof shall be on the same basis :... Full story

OUTBUILDING CLAUSE

The insurance by each item under buildings is understood to include walls, gates and fences, small outside buildings, extensions, annexes, exterior staircase, fuel installation, steel or iron framework and tanks in the said premises and the insurance by each item under contents extends to contents of each outbuilding, provided their values are included in the sum insured. Full story

OTHER ACTIVITIES CLAUSE

Activities such as the suspending of fire alarms, water supply and  sprinklers, etc occurring during the normal course of the Insured’s  business, do not have to be notified to Insurers  subject to compliance of  any fire regulations.   Full story

OUTBUILDINGS CLAUSE

The insurance by each item under buildings is understood to include walls, gates and fence, small outside buildings, extensions, annexes, exterior staircase, fuel installations, steel or iron framework and tanks in the said premises and the insurance by each item under contents extends to contents of each outbuilding, provided their values are included in the sum insured.... Full story

OWNED AUTOMOBILES CLAUSE

It is agreed and declared that this policy provides indemnity for liability arising out of vehicles registered by the Insured in excess of any underlying motor or liability policies and will provide difference in conditions coverage within the terms and conditions of this policy. Notwithstanding the above no indemnity is provided where a driver has been charged with ... Full story

OVERSEAS VISITS CLAUSE

It is hereby declared and agreed that this Policy extends to indemnity 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

OUTBUILDINGS CLAUSE

OUTBUILDINGS CLAUSE The insurance by each item under buildings is understood to include walls, gates and fence, small outside buildings, extensions, annexes, Full story
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