Archive for the ‘S-Clauses’ Category

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

SARS EXCLUSION

Company shall not be liable for: Any Claim arising from Severe Acute Respiratory Syndrome (SARS) or Corona virus Pneumonia (CVP) or any condition directly or indirectly caused by, or associated with, derivatives or variations thereof or in any way related to Atypical Pneumonia or any syndrome or condition of a similar kind howsoever it may be named. Full story

SHIPLOADING ACTIVITIES EXCLUSION

This Policy excludes liability arising directly or indirectly out of ship loading activities   Full story

SLOPE PROTECTION WARRANTY

It is agreed and understood that otherwise subject to the terms, exclusion, provisions and conditions contained in the Policy or endorsed thereon, the Insurers shall only indemnify the Insured for loss and/or damage resulting from slope failure provided that adequate and approved safety measures have been taken in designing and executing the slope protection. For the purposes of this Endorsement adequate and approved safety measures shall mean that, ... Full story

SPECIAL CONDITIONS CONCERNING PILING FOUNDATION AND RETAINING WALL WORKS

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the policy or endorsed hereon, the Insurers shall not indemnify the Insured in respect of expenses incurred. for replacing or rectifying piles or retaining wall elements which have become misplaced or misaligned or jammed during their construction ; which are lost or abandoned or damage during driving or ... Full story

SPECIAL CONDITIONS CONCERNING FIRE FIGHTING FACILITIES AND FIRE SAFETY ON CONSTRUCTION SITES

It is agreed and understood the otherwise subject to the terms, exclusions, provisions and conditions contained in the policy or endorsed hereon, the Insurers shall only indemnify the Insured for loss or damage resulting directly or indirectly caused by or resulting from fire or explosion if the following requirements are fulfilled : adequate fire-fighting equipment and extinguishing agents of sufficient capacity must always be available ... Full story

STRIKE, RIOT AND CIVIL COMMOTION

It is agreed and understood that otherwise subject to the terms, exclusion, provisions and conditions contained in the Policy or endorsed thereon, and subject to the Insured having paid the agreed extra premium, this Policy shall be extended to cover loss or  damage due to strike, riot and civil commotion which for the purpose of this Endorsement shall mean (subject to the Special Conditions hereinafter ... Full story

SAFETY BOX LIABILITY

The Company will pay on behalf of the Insured all sums which the insured shall become legally obligated to pay as damages because of injury to, destruction of or loss of property belonging to a guest at the Insured’s premises while such property is in a hotel safety box. The Company limit of liability shall be $ ... Full story

SUE & LABOUR CLAUSE

In case of any imminent or actual loss or misfortune, it shall be lawful and necesary to and for the assured, his or their factors, servant and assigns to sue, labour and travel for in and about the defene safeguard and recovery of the said goods and merchandise, or any part thereof without prejudice to his insurance, nor shall the acts of the ... Full story

SUBROGATION CLAUSE

lncluding Waivers of Subrogation against lnsured, Subsidiary, Associated and/or Affiliated Companies Full story

SELLERS INTEREST CLAUSE

Notwithstanding that the interest insured hereunder may be purchased on “Free on Board” and/or “Cost and Freight” and/or “Free Along Side” or similar terms, it is agreed that the risk hereunder shall attach from the time of handling for the purposes of loading onto the carrying vehicle at the Suppliers Premises; Underwriters being subrogated to the Assured’s rights of recourse against the suppliers ... Full story

SANCTION LIMITATION AND EXCLUSION CLAUSE

No (re) insurer shall be deemed to provide cover and no (re) insurer shall be liable to pay any claim or provide any benefit here under to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose that (re) insurer to any sanction, prohibition or restriction under United Nations resolutions or the trade or ... Full story

SILICA OR SILICA MIXED DUST EXCLUSION

This insurance does not apply to: Silica or Silica Mixed Dust "Bodily injury", "Property Damage" or "Personal and advertising injury" caused directly or indirectly in whole or in part by the actual alleged or threatened inhalation, ingestion, absorption, exposure to, existence of or presence of silica; or Loss, cots or expenses arising ... Full story

SPORTS AND SOCIAL CLUBS (EXCLUDING WATERSPORT ACTIVITIES)

The Insured shall include the committee and members of any social or sports club operated for the benefit of the Insured employees. The business shall be deemed to include the activities of the said club Full story

SOFTWARE AND DATA-RELATED LOSSES EXCLUSION

The Insurance by this policy excludes any Software Loss except : Software Loss resulting solely from direct physical loss of or direct physical damage to the equipment, hardware, media or device on which the program, computer software or operating systems, programming instructions, or data are transported, processed or contained. Direct physical loss ... Full story

SUPPLIERS EXTENSION

Subject to the conditions of the Policy loss as insured by this Policy resulting from interruption  of or interference with the business in consequence of damage (as within defined) to property in the premises  of the Insured’s  supplier (s) at the undernoted situations shall be deemed to be loss resulting from damage to property used by the Insured at the premises ... Full story

SMOKE ENDORSEMENT

The term “Smoke”, shall mean only due to fire which occurred at the Insured building or goods covered by the policy condition and/or a sudden, unusual and faulty operation of any heating or cooking unit, only when such unit is connected to a chimney by a smoke pipe or by a vent pipe, and while in or on the premises described ... Full story

SALVAGE SALE CLAUSE

If following damage giving rise to a claim under this policy the insured shall hold a salvage sale during the indemnity period, clause (A) of item (1) of this Policy shall for the purpose of such claim read as follows : In respect of reduction in turnover the sum produced by applying the rate of gross profit ... Full story

SHORT CIRCUIT EXTENDED COVER

It is hereby noted and agreed that subject to the Insured having paid the agreed additional premium, this insurance shall cover physical damage to any one unit of electrical or electronic equipment, except electrical or electronic equipment used for household purposes, stated in the Schedule, caused by short circuit on such electrical or electronic equipment. For any indemnity ... Full story

STRIKE RIOT AND CIVIL COMMOTION (SRCC)

It is hereby agreed and understood that otherwise subject to the terms, exclusion, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, this Policy shall be extended to cover loss a damage due to strike, riot and civil commotion which for the purpose of this Endorsement shall mean (Subject ... Full story

SUE AND LABOR CLAUSE

In the case of loss, it shall be lawful and necessary for the Insured, his or their factors, servants and assignees, to use, labor and travel for, in and about the defense, safeguard and recovery of the property covered hereunder and part thereof without prejudice to this insurance, nor shall the acts of the Insured of the company in recovering, saving ... Full story

SILENT RISK CLAUSE

Warranted that during the currency of this policy the said factory be silent and that the machinery be not worked, except for the purpose of keeping it in good order no material being passed through it and that no repairs whatever to machinery be carried on and that no material or goods except spare machinery and/ or accessories be stored in ... Full story

SPRINKLER LEAKAGE CLAUSE

It is hereby agreed declared that the insurance under the Policy shall extend to cover loss or damage to the property insured caused by water accidentally discharged or leaking from the Automatic Sprinkler Installation subject to First Loss sum insured (subject to a maximum of 10% of the total sum insured) and subject to a deductible of Rp. 2,500,000 any one ... Full story

STORAGE OF HAZARDOUS GOODS WARRANTY C

Warranted under penalty of nullity of this Policy that during its currency, the storage of goods and the quantity of the goods stored in or upon the within mentioned premises are in compliance with the Regulations and Laws of the Republic of Indonesia. Full story

STORAGE WARRANTY

Warranted that during the currency of this policy no part of the premises described herein be used for manufacture or deposit or storage of merchandise. Full story

SPECIAL ELECTRICAL SHORT CIRCUIT COVERAGE CLAUSE

it is hereby expressly understood and agreed that in consideration of the payment of an additional premium as arranged, this policy also covers loss or damage to any generator, motor, transformer , and/or any other electrical machine and/or electrical installation except household appliances insured under item …….. of the schedule of the policy caused by short circuit or self heating subject ... Full story

SEVENTY TWO (72) HOURS CLAUSE

It is agreed that any loss or damage to the insured property arising during any one period of seventy two (72) consecutive hours, caused by storm tempest flood or earthquake shall be deemed as a single event and therefore to constitute one occurrence with regard to the deductibles provided for herein. For the purpose of the foregoing the ... Full story

SILENT RISK CLAUSE

Warranted that during the currency of this policy the said factory be silent and that the machinery be not worked, except for the purpose of keeping it in good order no material being passed through it and that no repairs whatever to machinery be carried on and that no material or goods except spare machinery and/ or accessories be stored in ... Full story

STORAGE OF HAZARDOUS GOODS WARRANTY C

Warranted under penalty of nullity of this Policy that during its currency, the storage of goods and the quantity of the goods stored inn or upon the within mentioned premises are in compliance with the Regulations and Laws of the Republic of Indonesia Full story

SPONTANEOUS COMBUSTION CLAUSE

It is hereby declared and agreed that this Insurance covers loss of or damage to the insured property caused by its own spontaneous combustion.  Notwithstanding anything stated to the contrary in the printed conditions of the Policy   Full story

SELF COMBUSTION COVERAGE CLAUSE

Subject to the warranty underneath, it is hereby expressly understood and agreed that in consideration of the payment of an additional premium as arranged, this policy also covers loss or damage to the whole or any part of the property insured on stocks of the schedule of the polis cause by self combustion or self heating Warranted that ... Full story

SALVAGE AND RECOVERIES CLAUSE

Any salvage or other recovery, after expenses incurred in salvage or recovery are deducted, shall apply as if recovered or received prior to the settlement of the loss, destruction or damage. Full story

SETTLEMENT OF DISPUTE (COURT OF LAW) CLAUSE

It is hereby noted and agreed that the Insured and the Insurer shall settle the dispute through court of law where the defendant resides. Full story

SETTLEMENT OF DISPUTE (ARBITRATION) CLAUSE

It is hereby noted and agreed that the Insured and The Insurer shall settle the dispute through Arbitration Ad Hoc as follows: The arbitration Ad Hoc consists of 3 (three) arbitrators. The Insured and the Insurer each shall appoint on arbitrators within 30 (thirty) days from the date of receipt of the written notification, then the two ... Full story

SILENT RISK CLAUSE

Warranted that during the currency of this Policy the said factory be silent and that the machinery be not worked, except for the purpose of keeping it in good order no material being passed through it and that no repairs whatsoever to machinery be carried on and that no material or goods except spare machinery and/or accessories be stored in the ... Full story

SMOKE AND VEHICLE ENDORSEMENT (CODE: 4.11 – 01/12/1998)

It is hereby declared and agreed that the insurance hereunder is extended to cover: VEHICLE IMPACT, which for the purpose of this Endorsement shall mean: Damage to the property insured directly resulting from actual physical contact of a vehicle with the property insured hereunder or with the building containing such property. Provided that Insurer shall not be liable for any damage caused: (i)          By any vehicle ... Full story

SAFETY BOX LIABILITY

The Company will pay on behalf of the Insured all sums which the insured shall become legally obligated to pay as damages because of injury to, destruction of or loss of property belonging to a guest at the Insured’s premises while such property is in a hotel safety box. The Company limit of liability shall be US$ 1,000,000.00 per annual aggregate ... Full story

STANDING CHARGES CLAUSE

If any standing charges of the business be not insured by this policy (having been deducted in arriving at the Gross Profit as defined herein ) then in computing the amount recoverable hereunder as increase in cost of working, that proportion only of any additional expenditure shall be brought into account which the Gross Profit bears to the Sum of the ... Full story

SELLLERS INTEREST CLAUSE

“All Risks” insurance to protect the Assured only if required on Cost and Freight (C&F). free on Board (FOB) or other “Uninsured” sales. This Insurance to indemnify the Assured for loss and/or damage recoverable under the above clauses, but shall pay only if and to the extent that the buyer fails to pay for such lost ... Full story

SEGREGATION CLAUSE

In the event of external signs of damage to an insured consignment resulting from an insured peril necessitating segregation and/or sorting thereof, reasonable cost incurred on both sound and damaged packages to be paid by the underwriters in full. Cover is extended for a period in excess of that defined herein to allow for such segregation and/or sorting ... Full story

SUE & LABOUR EXTENSION (LIMIT 10% OF CLAIM)

In case of actual loss,  it shall be lawful and necessary for the Insured, his or  their factor, servants and assigns, to use, labor and travel for in and about the defense, safeguard and recovery of the property covered hereunder and party thereof without prejudice to this insurance, nor shall the acts of the Insured or the Company in recovering. Saving ... Full story

SPONTANEOUS COMBUSTION CLAUSE

In consideration of the payment of an additional premium it is hereby declared and agreed that this insurance covers  loss of or damage to the insured property caused by its own spontaneous combustion notwithstanding anything stated to the contrary in the printed conditions of the Policy. Full story

STRUCTURAL ALTERATION CLAUSE

It is hereby understood that structural alteration and extension of the buildings mentioned in this policy is allowed, as are the erection of new buildings, installation, reinstallation, replacement of machines, tools implements, piping or other installations required for the process carried on, parts of installation and objects as well as to movement of all these within the premises.... Full story

SUBSIDIARY COMPANY CLAUSE

Where the term “Subsidiary Companies” is used herein, it shall be deemed to include any company or its subsidiaries which may be formed, purchased or acquired by the Insured during period of insurance. Full story

STOCK DECLARATION CLAUSE

In the consideration of the premium by this Policy being provisional in that it is calculated on 75% of the sum insured hereby and is subject to adjustment on expiry of each period of insurance :         The insured agrees to declare to the Insurer in writing the value of his stocks (other than retail), ... Full story

SISTER CAR CLAUSE

Should any motorcycle insured by this Policy be damage or destroyed in a collision with another motor vehicle owned wholly or part by the insured and insured by this or any other motor vehicle Policy issued by the Company, then the Insured shall have the same rights within the terms and limits of this Policy as the Insured would have were ... Full story

SELLERS INTEREST CLAUSE

“All Risks” insurance to protect the Assured only if required on Cost and Freight (C&F), free on Board (FOB) or other “Uninsured” sales. This Insurance to indemnify the Assured for loss and/or damage recoverable under the above clauses, but shall pay only if and to the extent that the buyer fails to pay for such lost and/or damaged ... Full story

STORAGE WARRANTY

Warranted that during the currency of this Policy no part of the premises described herein be used for manufacture or deposit or storage of merchandise Full story

STORAGE OF HAZARDOUS GOODS WARRANTY “A”

Warranted under penalty of nullity of this Policy that during its currency, storage in the premises of the following materials is permitted only up to the limit of quantities stated below, namely : 1)      Paints                                                                                                          600 litres 2)      Mineral oil or other liquid           Giving off flammable vapour ... Full story

SPONTANEOUS COMBUSTION CLAUSE FOR STOCKPILE

It is hereby declared and agreed that this insurance covers loss of or damage to the insured property caused by its own spontaneous combustion, notwithstanding anything stated to the contrary in the printed conditions of the policy. Full story

SERVICES CLAUSE

The insurance by this Policy relating to machinery and equipment extends to include telephone, gas, water and electric instruments, meters, piping, cabling and the like and accessories thereof including similar property in adjoining yards or roadways or underground all the property of the Insured or of suppliers or others for which the Insured are responsible provided their values are included in ... Full story

SHORT CIRCUIT EXTENDED COVER

It is hereby noted and agreed that subject to the Insured having paid the agreed additional premium, this insurance shall cover physical damage to any one unit of electrical or electronic equipment, except electrical or electronic equipment used for household purposes, stated in the Schedule, caused by short circuit on such electrical or electronic equipment. For any indemnity ... Full story

SELLING PRICE CLAUSE

It is noted and agreed that in respect of goods sold but not yet delivered for which the Insured is responsible and with regard to which under the written or printed conditions of sale contract is cancelled by reason of the loss of damage indemnified by this policy either wholly or to the extent of the loss or damage, the liability ... Full story

SEEPAGE AND POLLUTION EXCLUSION NMA 1685

Agreement does not cover any liability for :   Personal Injury or Bodily Injury or loss, 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 loss of or physical damage to or destruction of tangible property, or loss of use of such property ... Full story

SANCTION LIMITATION AND EXCLUSION CLAUSE

No (re) insurer shall be deemed to provide cover and no (re) insurer shall be liable to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose that (re) insurer to any sanction, prohibition or restriction under United Nations resolutions or the trade ... Full story

Sanction Limitation and Exclusion Clause

The (re)insurer shall not provide cover nor be liable to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose the insurer or any member of the insurer’s group to any sanction, prohibition or restriction under United Nations resolutions, Australian autonomous sanctions, or ... Full story

KLAUSUL BIAYA PENGURUSAN SERTIFIKAT KEMATIAN

Polis ini juga memberikan penggantian biaya pengurusan Sertifikat Kematian Tertanggung akibat dari Kecelakaan yang dijamin dalam Polis ini maksimum sebesar IDR1,000,000 Full story

KLAUSUL BIAYA PERAWATAN ATAU PENGOBATAN TERMASUK PENGOBATAN ALTERNATIF (SINSHE)

Jaminan Biaya Perawatan atau Pengobatan ini dibayarkan kepada Tertanggung berdasarkan kuitansi asli yang dikeluarkan oleh dokter yang melakukan perawatan atau pengobatan tersebut. Jumlah penggantian selama jangka waktu pertanggungan setinggi-tingginya sebesar Nilai Pertanggungan Jaminan C (Biaya Perawatan atau Pengobatan) Jaminan Biaya Perawatan atau Pengobatan ini juga berlaku bagi kuitansi yang dikeluarkan oleh pengobatan alternatif (sinshe) yang berizin sebesar 5% ... Full story

KLAUSUL SANTUNAN GANDA

Dengan ini dicatat dan disetujui bahwa dengan adanya tambahan premi, polis ini akan memberikan santunan ganda dalam hal kematian atau cacat tetap yang diderita yang terjadi ketika : sebagai penumpang yang sah dari angkutan umum berada didalam bangunan yang sedang terbakar tersambar petir Full story

SMOKE EXTENDED CLAUSE

CLAUSE 4.14 SMOKE EXTENDED COVER It is hereby noted and agreed that subject to the Insured having paid  the agreed additional premium, this insurance shall cover loss of or damage to the property insured under this Policy caused by smoke arising from a fire provided that the cause of the fire which produces the smoke ... Full story

SELF COMBUSTION CLAUSE

CLAUSE 4.13 SELF COMBUSTION EXTENDED COVER Subject to the provisions provided hereunder, it is hereby noted and agreed that subject to the Insured having paid  the agreed additional premium, this insurance shall cover loss of or damage to the property insured under this Policy caused by self combustion  or self heating to such property.... Full story

SILENT RISK CLAUSE

Warranted that during the currency of this Policy the said factory be silent and that the machinery be not worked, except for the purpose of keeping it in good order no material being passed through it and that no repairs whatever to machinery be carried on and that no material or goods except spare machinery and/or accessories be stored in the ... Full story

STORAGE WARRANTY

Warranted that during the currency of this Policy no part of the premises described herein be used for manufacture or deposit or storage of merchandise. KLAUSUL KEWAJIBAN TERTANGGUNG (WARRANTY) TENTANG PENYIMPANAN BARANG Dijamin oleh Tertanggung, bahwa selama masa berlakunya Polis tidak akan ada bagian lokasi yang disebutkan dalam Polis ... Full story

SERVICES CLAUSE

The insurance by this Policy relating to machinery and equipment extends to include telephone, gas, water and electric instruments, meters, piping, cabling and the like and accessories thereof including similar property in adjoining yards or roadways or underground all the property of the Insured or of suppliers or others for which the Insured are responsible provided their values are included in ... Full story

SELLING PRICE CLAUSE

It is noted and agreed that in respect of goods sold but not yet delivered for which the Insured is responsible and with regard to which under the written or printed conditions of sale the Sale Contract is cancelled by reason of the loss or damage indemnified by this Policy either wholly or to the extent of the loss or damage, ... Full story

STOCK DECLARATION CLAUSE

  In consideration of the premium by this Policy being provisional in that it is calculated on 75% of the sum insured hereby and is subject to adjustment on expiry of each period of insurance: a) The insured agrees to declare to the Insurer in writing the value of his stocks (other than retail), less any amount insured by ... Full story

SPRINKLER LEAKAGE CLAUSE

It is hereby agreed and declared that the insurance under the Policy shall extend to cover loss or damage to the property insured caused by water accidentally discharged or leaking from the Automatic Sprinkler Installation subject to First Loss sum insured (subject to a maximum of 10% of the total sum insured) and subject to a deductible of Rp. 2,500,000 any ... Full story

SUPPLIERS AND CUSTOMERS EXTENSION CLAUSE

This Insurance under this section extends to include the actual loss of Business Income sustained resulting from the necessary interruption of or Interference with the Insured’s Business operations as a result of any unforeseen, sudden and accidental physical loss, destruction or damage to the premises of the following named Insured’s third party suppliers and/or customs arising out of a peril which ... Full story

STANDING CHARGES CLAUSE

If any standing charges of the business be not insured by this policy (having been deducted in arriving at the Gross Profit as defined herein ) then in computing the amount recoverable hereunder as increase in cost of working, that proportion only of any additional expenditure shall be brought into account which the Gross Profit bears to the Sum of the ... Full story

SALVAGE SALE CLAUSE

If following damage giving rise to a claim under this policy the insured shall hold a salvage sale during the indemnity period, clause (A) of item (1) of this Policy shall for the purpose of such claim read as follows : In respect of reduction in turnover the sum produced by applying the rate of gross profit to ... Full story

Swimming Pool Liability Clause

It is agreed and understood that subject to the Insured having paid the agreed additional premium, this Policy shall be extended to cover the Insured's liability for claims made against the Insured for accidents happening in or around or arising out of the ownership, use or operation of the Insured's swimming pool. It is warranted that lifeguards are ... Full story

Strike, Riot, Civil Commotion or Malicious Damage Extension Clause (public liability)

It is agreed and understood that subject to the Insured having paid the agreed additional premium this Policy shall be extended to cover the Insurer's liability for accidental bodily injury of and/ or accidental property damage to any third party occurring at specified premises directly caused by strike, riot, civil commotion or malicious. This Clause is subject otherwise ... 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 ... 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 ... Full story

SWIMMING POOL LIABILITY CLAUSE

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

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:... Full story

SOCIAL & RECREATIONAL 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 ... 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 ... Full story

STEVEDORING EXCLUSION CLAUSE

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

SARS EXCLUSION CLAUSE

This policy does not provide indemnity directly or indirectly for losses arising from SARS (Severe Acute Respiratory Syndrome) Full story

STRUCTURAL ALTERATION CLAUSE

STRUCTURAL ALTERATION CLAUSE Subject to article III of the within policy, it is hereby understood Full story

SELF – COMBUSTION COVERAGE CLAUSE

SELF – COMBUSTION COVERAGE CLAUSE Subject to the warranty underneath, it is hereby expressly understood and agreed that in consideration of the payment of an additional Full story

SILENT RISK CLAUSE

SILENT RISK CLAUSE Warranted that during the currency of this Policy the said factory be silent and that the machinery be not worked, except for the purpose Full story

STORAGE WARRANTY

STORAGE WARRANTY Warranted that during the currency of this Policy no part of the premises described herein be used for manufacture or deposit or storage Full story
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