Archive for the ‘A to Z’ Category

Gross earnings endorsement

In consideration of the premium paid, and subject to the exclusions, conditions and limitations this policy to which this extension is attached, and also to the following additional conditions, exclusions, and limitations, this policy is extended to cover actual loss sustained resulting from necessary interruption of business insured caused by actual direct physical loss or damage sustained, as ... Full story

Discontinuance of business clause endorsement

If the business insured is discontinued after the occurrence of the insured event, the indemnity shall be paid for the period (up to the maximum indemnity period) which would normally have been required to bring the business insured back to normal. In the event that the insured controls the circumstances because of which the business insured is discontinued, the said ... Full story

Service interruption endorsement

This extension is subject to the exclusions, conditions and limitations of this policy to which this extension is attached. In consideration of the premium paid, it is understood and agreed that if this policy covers business interruption such coverage shall extend to actual loss sustained resulting from necessary interruption of business insured caused by actual direct physical loss or ... Full story

Civil authority interruption endorsement

This policy is extended to cover the actual loss sustained by the insured during the period of time, not exceeding fourteen (14) consecutive calendar days, when access to covered locations is specifically prohibited by order of civil authority, provided such order is a direct result of actual loss or damage sustained from a peril covered under section 1 of this ... Full story

Denial of access endorsement

This policy is extended to cover the actual loss sustained by the insured during the period of time, not exceeding fourteen (14) consecutive calendar days, when access to covered locations is prevented as a direct result of actual loss or damage sustained from a peril covered under section 1 of this policy to property insured against under section 1 of ... Full story

Contingent business interruption endorsement

This extension is subject to the exclusions, conditions and limitations of this policy to which this extension is attached. In consideration of the premium paid this policy is extended to cover the actual loss sustained by the insured during the period of insurance as a direct result of actual loss or damage sustained from a peril named under section ... Full story

Public authorities endorsement

This policy is extended to include such additional cost of reinstatement of the property insured subject to a covered loss or damage as may be incurred solely by reason of the necessity to comply with building or other regulations under or framed in pursuance of any act of parliament or with bye-laws of any public authority, excluding the cost incurred ... Full story

Professional accountants clause endorsement

Any particulars of details contained in the insured’s book of account or other business books or documents which may be required by the insurer under this policy for the purpose of investigating or verifying any claim hereunder may be produced by professional accountants if at the time they are regularly acting as such for the insured and their report shall ... Full story

Fine art endorsement

1. This policy is extended to cover the actual physical loss or damage sustained by the insured to fine arts whilst situated at the location(s) covered by this policy. 2. For the purpose of this endorsement, Fine art shall mean paintings/pictures/sketches of any kind whether created by applying water/oil/acrylic based paints, charcoal, pencil or collage; art photographs; tapestries; sculptures; statuary; antiques; valuable rugs; rare ... Full story

Time excess and monetary deductible clause

In respect of each and every occurrence or of damage to property insured, the insurer shall not be liable for the amount obtained by multiplying the average daily value of the loss of interest insured sustained during the indemnity period by the number of days specified in the schedule as the time excess or for the amount of any monetary deductible specified in the schedule, whichever is ... Full story

Brands and labels clause

If branded or labelled property insured by this policy is physically damaged and the insurer elects to salvage that property, the insured may remove or obliterate the brands or labels. If the insured determines to take such action then it must re-label so as to comply with any applicable regulation. Further, if such re-labelling or re-branding reduces the value of the ... Full story

Accounting records clause

In the event of insured physical loss or damage to documentary records created by the insured to record outstanding amounts due from customers, this policy shall refund any shortfall directly caused by such physical loss or damage providing the insured takes all reasonable steps to recover such shortfall and the physical loss or damage does not occur as a ... Full story

Misdescription of property insured clause

In the event of an unintentional misdescription of the location at which property insured is physically situated or the unintentional failure to include any property in which the insured has an insurable interest, this policy shall cover physical loss or damage to such property as if the errors had not occurred providing the value of the property insured does not exceed 10% of the property ... Full story

Removal of debris clause

The insurer shall indemnify the insured up to the limit of indemnity specified in the schedule in respect of the costs and expenses necessarily incurred to remove and dispose of debris which remains as a direct result of physical loss or damage insured by this policy. Full story

Fire-fighting expenses clause

1. The insurer shall indemnify the insured in respect of fire-fighting expenses necessarily and reasonably incurred by the insured to prevent or minimise the extent of any loss or damage to the property insured indemnifiable under this policy, including the cost of materials expended, costs incurred in refilling fireextinguishing appliances and replacing used sprinkler heads, wages of personnel specifically engaged for such tasks and all fire-fighting costs claimed against the insured ... Full story

Expediting and preservation expenses clause

The insurer shall indemnify the insured up to the limit of indemnity specified in the schedule in respect of reasonable and necessary extra costs to pay for: 1. Overtime, night-work, work on public holidays, express freight (except airfreight) incurred to rectify loss of or damage to property insured; 2. The temporary repair of property insured to expedite the permanent repair or replacement of damaged property; 3. The temporary removal of property ... Full story

Capital additions clause

1 The insurer shall indemnify the insured in respect of loss of or damage to real or personal property acquired or becoming held in the care, custody or control of the insured after the inception of this policy and not included in the schedule; 2 Any increase in the new replacement value as a result of such capital additions shall not exceed 5% of the sum(s) insured or any other ... Full story

Theft Exclusion Clause

This Policy does not cover loss or damage caused by Theft, unless involving entry to or exit from a building by forcible and violent means or unless as a result of or in connection with actual or threatened assault or violence or use of force at the location against the insured or any employee of the insured or any other person lawfully on the location (burglary. Full story

EPI 63 Storage Tanks

It is agreed that in Section1, Material Damage the following is added to Exclusions to Section1: Insurers will not indemnify the Insured in respect of: (a) loss of or damage to storage tanks caused by storm (including but not limited to tropical cyclone, typhoon, hurricane) where the Insured has not taken adequate temporary safety measures during the erection phase to ensure that the tank withstands a wind ... Full story

EPI 58 Microorganisms

It is agreed that the following is added to General Exclusions: Insurers will not indemnify the Insured in respect of: (a) loss or damage, arising out of, resulting from, caused by, contributed to, or in any way related to the existence, inhalation or exposure to any fungus/fungi and or spore(s); (b) any cost or expenses associated in any way, or arising out of the abatement, mitigation, remediation, containment, ... Full story

EPI 57 Precipitation

It is agreed that in Section 1, Material Damage the following is added to Exclusions to Section 1: Insurers will not indemnify the Insured in respect of any loss or damage totally or partially resulting from precipitation unless according to data available from the meteorological service the quantity of rainfall at the Project Site is higher than the quantity corresponding to the ... Full story

EPI 53 Normal Action of the Sea

It is agreed that in Section 1, Material Damage the following is added to Exclusions to Section 1: Insurers will not indemnify the Insured in respect of any loss or damage totally or partially resulting from adverse sea conditions unless according to the records available the return period of such sea conditions at the Project Site is higher than the return period ... Full story

EPI 53 Normal Action of the Sea

It is agreed that in Section 1, Material Damage the following is added to Exclusions to Section 1: Insurers will not indemnify the Insured in respect of any loss or damage totally or partially resulting from adverse sea conditions unless according to the records available the return period of such sea conditions at the Project Site is higher than the return period ... Full story

EPI 52 Cold Testing, Hot Testing and Commissioning

It is agreed that in Section 1, Material Damage the following is added to Conditions to Section 1: For the purpose of this Policy, Cold Testing, Hot Testing and Commissioning shall mean: (a) Cold Testing The checking of component parts of machinery or equipment by mechanical, electrical, hydrostatic or other forms of testing under dry run conditions to ensure that ... Full story

EPI 48 Piling

It is agreed that in Section 1, Material Damage the following is added to Exclusions to Section 1: Insurers will not indemnify the Insured in respect of: (a) any loss or damage arising directly or indirectly to foundation piles and/or casings and/or sheet pile constructions which are: (i) misplaced and/or misaligned; (ii) lost during driving and/or extraction; (iii) ... Full story

EPI 45 Roads

It is agreed that in Section 1, Material Damage the following is added to Conditions to Section 1: In respect of Loss to portions of not completed road caused directly or indirectly by rain, inundation or flood, Insurers liability shall be limited in respect of the aggregate length of the portions of not completed road at any one time as stated below. Should the length of all ... Full story

EPI 44 Pipelines, Conduits and Cables

It is agreed that in Section 1, Material Damage the following is added to Conditions to Section 1: (a) Insurers will not indemnify the Insured for loss or damage directly or indirectly caused by rain, inundation or flood to pipes, conduits and cables laid in trenches where any of the following requirements have not been fulfilled: (i) as soon as practicable, ... Full story

EPI 24 Leak Search Costs

It is agreed that Section 1, Material Damage is extended to indemnify the Insured up to the Sum Insured stated below in respect of costs incurred in searching for leaks of pipelines provided that: (a) all welds have been checked by non destructive testing; and (b) insured Loss is found to have occurred. Sum Insured each and every Loss and ... Full story

EPI 12 Partial Operation

Notwithstanding Condition of Section 1, Material Damage it is agreed that in respect of the portions of Insured Property stated below: (a) such portions shall be in Partial Operation (after Hot Testing and Commissioning, if any, has been completed) as from the Inception Date stated below and until the Termination Date of the Construction Period; and (b) such Partial Operation shall ... Full story

Material Change

If at any time any change shall occur materially varying any of the facts relating to the Project, the Contract, this Policy or the degree of risk assumed hereunder, the Insured shall immediately give notice in writing of such Material Change in risk to the Insurers, supplying, as soon as possible thereafter, any further particulars as the Insurers may reasonably require. In ... Full story

Suspension or Cessation of Work

In the event of any partial or total unscheduled suspension or cessation of work, the Insured shall give immediate notice in writing to Insurers if such a suspension or cessation is anticipated to exceed 30 calendar days. Any such suspension or cessation shall be considered as a Material Change as per General Condition Full story

Willful Acts and Gross Negligence

This Policy does not cover any loss, damage or liability directly or indirectly caused by or arising from or aggravated by any wilful act or omission or gross negligence of the Insured or their management, including but not limited to the Project manager and the Project Site manager. Full story

Time Deductible

The monetary amount corresponding to the Time Deductible shall be calculated by multiplying the average daily value of loss sustained during the Period of Indemnity by the number of days agreed upon as the Time Deductible and shall be deducted from the amount payable. Full story

Error in Design and Manufacture

In the event of a claim being brought by any Insured in respect of Loss resulting from neglect, error or omission in the design or manufacture of component products by any supplier, the Insurers will indemnify the Insured. However, the Insurers retain all rights of subrogation against the supplier in respect of such Loss. For the purpose of this clause, the term component products shall mean ... Full story

Breach of Professional Duty

In the event of a claim being brought by any Insured in respect of Loss resulting from any breach of professional duty by professional consultants, the Insurers will indemnify the Insured, However, the Insurers retain all rights of subrogation against the professional consultants in respect of such Loss. Full story

Expediting Expenses

This Policy will indemnify the Insured, in respect of the difference in costs between those calculated at normal or standard rates of reimbursement, and those actually incurred including costs for overtime, work on public holidays and weekends, shift working and express freight provided that such costs: (a) are necessarily and reasonably incurred by the Insured for the purpose of preventing or minimising ... Full story

72 Hours Clause

Any Loss arising during any one period of 72 hours caused by storm, tempest, flood, water or cyclone shall be deemed to be one Loss. The Insured shall select the time from which any such period shall commence but no two selected periods shall overlap. Full story

Escalation

If during the Construction Period the actual value of the Insured Property shall exceed the Total Sum Insured as specified in the Schedule, the Total Sum Insured shall be increased automatically so that it is equal to such actual value, subject, however, to the increase not exceeding in any case the automatic escalation percentage indicated in the Schedule. Where it is apparent, or ... Full story

Plans and Documents

In the event of insured Loss to plans, drawings, files, documents, manuscripts, or computer system records forming part of the Insured Property, this Section shall indemnify the Insured in respect of the cost of labour and computer time expended in reproducing such plans, drawings, files, documents, manuscripts, or computer system records, including any expenses incurred in producing the information contained thereon, provided that:... Full story

50/50 Sharing Clause

In the event of loss or damage being discovered after the cover provided for any item of Insured Property under any marine or transit policy of insurance has terminated and if after proper investigation it is not possible to ascertain whether such loss or damage happened prior to termination of such policy, Insurers shall indemnify the Insured in respect of insured Loss, provided ... Full story

Off-site Storage

This Policy will indemnify the Insured, up to the Sum specified in the Schedule, in respect of insured Loss, while Insured Property is in temporary storage off the Project Site, except while at any manufacturers or suppliers premises prior to delivery to the Project Site, provided that: (a) said Insured Property is owned, or is in the custody, care or control of the Insured; and (b) the ... Full story

Inland Transits

This Policy will indemnify the Insured, up to the Sum specified in the Schedule, in respect of insured Loss, while Insured Property is being transported on any vehicle (including loading and unloading) to the Project Site or to temporary off-site facilities, provided that: (a) said Insured Property is owned, or is in the custody, care or control of the Insured; and (b) the transits insurance hereunder shall ... Full story

Professional Fees

This Policy will indemnify the Insured, up to the Sum specified in the Schedule, in respect of architects, surveyors, consulting engineers and other professional fees, necessarily and reasonably incurred in the repair, reconstruction or replacement consequent to insured Loss, provided that: (a) fees for preparing any claim under this Policy are excluded hereby; and (b) the amount payable under the terms of this Policy shall not exceed ... Full story

Premium Payment Warranty

The Insured warrant that the Premium stated below and any Premium as may be agreed by Endorsement will be paid and received by Insurers on or before midnight of the respective Due Date. If this warranty is not complied with, this Policy shall be terminated at such Due Date. Premium Payment                                ... Full story

EPI 56 Excluding Overtopping of Cofferdam

It is agreed that in Section 1, Material Damage the following is added to Exclusions to Section 1: Insurers will not indemnify the Insured in respect of any loss or damage arising directly or indirectly from the overtopping of a cofferdam caused by a flood with a return period of less than the period stated below. The burden will be on the Insured to demonstrate that this ... Full story

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
Copyright © 2018 AHLIASURANSI.com. All rights reserved. Managed by Imam MUSJAB
Powered by WordPress.org, Custom Theme and ComFi.com Calling Card Company.