Archive for the ‘U-Clauses’ Category

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

UNDERGROUND SERVICES

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

UNKNOWN OR BANNED INGREDIENTS EXCLUSION

This Policy does not cover any liability caused by, contributed to by or arising from any ingredient (medical, herbal or other) included in or forming part of the Insured’s product which is not intended to form part of the Insured’s product or has not been identified in the Insured’s product label. This exclusion also applies to any liability arising from banned or illegal ingredients (medical, ... Full story

USA / CANADA EXPORTS – CLAIMS MADE FORM (PRO CLM 0209)

With the effect from -------- indemnity that is granted by this Policy in respect of any judgment, award or settlement made within countries which operate under the Laws of the United State of America and/or Canada (or any Order made anywhere in the world to enforce such judgment, award or settlement either in whole or in part) is subject to the following additional terms and ... Full story

UNDERGROUND PROPERTY/DOWNHOLE EXCLUSION

This Policy does not cover liability in respect of Personal Injury or Property Damage arising from or contributed to by: Destruction of Underground Property. The increased cost of reducing, converting or extracting any Underground Property to physical possession above the surface of the earth, or to the expense incurred or rendered necessary ... Full story

UNDERGROUND MINING 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 underground mining activities performed by you or on your behalf. Other than as amended above the terms, conditions and exclusions of this Policy shall continue to apply. Full story

UPWARD ADJUSTMENT CLAUSE (25%)

The Insurance extends to cover any increase in Gross Profit for an amount not exceeding 25% of the Sum Insured thereon provided that the Insured undertake to advise the Insurers at  the end of the policy period of such increase and to pay the additional premium thereon. Full story

UNPACKING EXPENSES

This Policy is extended to cover costs and expenses incurred by the Insured in taking inventory (including unpacking, repacking and restocking) to identify, quantify and value any property physically lost, destroyed or damaged by any insured peril including examination of property not belonging to but in the care, custody and control of the Insured. Full story

UPWARD ADJUSTMENT CLAUSE

The Insurance extends to cover any increase in Gross Profit for an amount not exceeding 25% of the Sum Insured thereon provided that the Insured undertake to advise the Insurers at  the end of the policy period of such increase and to pay the additional premium thereon. Full story

Underground Property / Downhole Exclusion Clause

This Policy does not cover liability in respect of Personal Injury or Property Damage arising from or contributed to by: Destruction of Underground Property. The increased cost of reducing, converting or extracting any Underground Property to physical possession above the surface of the earth, or to the expense incurred or rendered necessary to prevent ... Full story
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