Posts Tagged ‘DEPARTMENTAL CLAUSE’

Departmental Clause

If the business be conducted in departments, the independent trading results of which are ascertainable, the provisions of clauses (a) and (b) of the item No.1 on Gross profit and item No.2 on Wages shall apply separately to each department affected by the damage, except that If the sum insured by item No.1 be less than the ... Full story

DEPARTMENTAL CLAUSE

If the business be conducted in separate companies and/or departments, the independent trading results of are ascertainable, the provisions of Clauses (a) and (b) of Item 1 shall apply separately to each separate company and/or department affected  by the damage, except that if the sum insured by the said  item be less than the aggregate of the sum produced by applying ... Full story

DEPARTMENTAL CLAUSE

If the business be conducted in separate companies and/or  departments, the independent trading results of which are ascertainable, the provisions of clause (a) and (b) of item 1 shall apply separately to each separate company and/or department affected by the damage, except that if the sum insured by the item No. 1 be less than the aggregate ... Full story

DEPARTMENTAL CLAUSE

If the Business be conducted in departmental the independent trading results of which are ascertainable the provisions of clauses (a) and (b) of item no. 1 and 3 shall apply separately to each departmental affected by the Damage. Full story

DEPARTMENTAL CLAUSE

If the business be conducted in by individual companies/divisions or departments the independent trading results of which are ascertainable, it is agreed that the provision hereof may at the option of insured apply separately to each such company/division or department affected by the loss, destruction or damage. With regard to agreements between individual companies relating to the lease ... Full story
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