Archive for the ‘E-Clauses’ Category

All cover in respect of extra-contractual obligations howsoever arising, such extra-contractual obligations being defined as any award made by a court of competent jurisdiction against an insurer or reinsurer, which award is not within the coverage granted by any insurance and/or reinsurance contract made between the parties in dispute, unless such extra-contractual obligation is incurred as a result of the Reinsured`s ... Full story

All loss or damage caused by earthquake, flood, storm, riots, strikes or civil commotion, and occurring during any one period of 72 consecutive hours commencing during the period of insurance, shall be deemed to have been caused by a single event commencing on the first happening of loss or damage. Full story

This Policy extends to include costs and expenses reasonably incurred by the Insured for express carriage rates and extra payments for overtime, night, Sunday or holiday working incurred in connection with the repair or reinstatement of the Property Insured directly or indirectly arising from an event insured by the Policy provided that such expediting expenses shall not exceed fifty (50%) per ... Full story

EXTRA COST OF REINSTATEMENT (APPLICABLE TO BUILDINGS, MACHINERY, PLANT AND CONTENTS; OTHER THAN STOCKS) This Policy extends to include the extra cost of reinstatement (including demolition or dismantling) of damaged property necessarily incurred to comply with the requirements of any Act of Parliament or Regulation made thereunder or any By-Law or Regulation of any Municipal or other Statutory ... Full story

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

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

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

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

It is hereby understood and agreed that Automatic Extension 4.2 Continuous Cover is deleted in its entirety and replaced with the following: 4.2.  We will accept Your late notification of Claims, facts or circumstances which should have been made under a previous professional indemnity policy for Your Business provided that: 4.2.1.     no cover is available under any other previous professional indemnity policy; and 4.2.2.     You have continuously had ... Full story

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: (a)  any advice on insurance or any failure to effect or maintain any type of insurance; or (b)  any advice on investment, marketing, financial or tax matters; (c)   any negligence in relation to the provision of finance; or (d)  the insolvency of ... Full story

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 any environmental pollution surveys. However this exclusion shall not apply to the following: (a)  surveys or population studies of flora or fauna; and (b)  environmental impact surveys which shall mean a document describing the effects of a proposed activity on ... Full story

Attaching and forming Contractor All Risks Insurance Policy No…… Section I – Property Damage QBE shall not be liable under this Policy to indemnify the Insured in respect of any claim directly or indirectly arising from, based upon, attributable to, or in consequence of the existence of Insured’s property, which has been exist prior the commencement of this project. I.e. 7 floors unfinished civil structures. Section II – Third ... Full story

It is agreed and understood that otherwise subject to the terms, exclusions, provisions and conditions contained in the Policy or endorsed thereon and subject to the Insured having paid the agreed extra premium, this insurance shall be extended for the maintenance period specified hereunder to cover loss of or damage to the contract works. -   caused by the insured contractor (s) is the course of the ... Full story

  This Insurance does not cover any loss, damage, cost, claim or expense, whether preventative, remedial or otherwise, directly or indirectly arising out of or relating to: a) The calculation, comparison, differentiation, sequencing or processing of data involving the date change to year 2000, or any other date change including leap year calculations, by any computer system, hardware, programme or software and/or any microchip, integrated circuit ... Full story

It is agreed that Ioss or damage to the Property Insured arising from Electrical or Mechanical derangement is excluded unless the Property Insured is otherwise damaged by a peril as insured by the within applicable Institute Clauses. Full story

The Insured shall not be prejudiced by any unintentional and/or inadvertent omissions, errors, incorrect valuations or incorrect description of the interest, risks or property provided notice is given to the company as soon as practicable upon discovery of such errors or omissions and subject to the insured paying additional premium arising therefrom. Full story

All cover in respect of extra contractual obligations howsoever arising such extra contractual obligations being defined as any award made by a court of competent jurisdiction against an Insurer or Reinsurer  which award is not within the coverage granted by any insurance and/or reinsurance contract made between the parties in dispute, unless such extra contractual obligations is incurred as a result ... Full story

Subject to the Limit(s) of liability stated in the Schedule, this Insurance extends to cover additional expenses necessarily incurred by or on behalf of the Insured in connection with or incidental to expediting to commencement, carrying out or completion of the repair reinstatement of replacement of the property Insured consequent upon loss, destruction or damage insured against hereunder. Full story

For the purposes of this insurance agreement, an event shall include all insured losses which arise directly from the same cause and which occur during the same period of time and in the same area. Such cause is understood to be the peril which directly occasions the losses or where there are several perils which, in an unbroken chain of ... Full story

If during the Period of Insurance the actual Total Project Value shall be in excess of the Estimated Total Project Value the Total Sum Insured under Section I of this Policy shall be automatically increased by the amount of such excess but not exceeding in all 15% of the Total Sum Insured shown in the Schedule and the Insured shall make ... Full story

There is no insurance under this Policy in respect of any claim of whatsoever nature which arises directly or indirectly from or consists of the failure or inability of any: - electronic circuit, microchip, integrated circuit, microprocessor, embedded system, hardware, software, firmware, program, computer, data processing equipment, telecommunication equipment or systems, or any similar device, ... Full story

Loss or damage by fire to the electrical appliances or installations insured under this Policy arising from or occasioned by overrunning, excessive pressure, short circuiting, arcing, self heating or leakage of electricity, from whatever cause, (Lightning included) is covered subject to the terms and conditions of this Policy, but it is expressly understood that no liability exists under this Policy for ... Full story

This company is expressly declared to be free from liability for loss of, or damage to, any electrical machine, apparatus, or any portion of electricity from whatever cause (Lightning included) arising. Provided that this exemption shall only apply to the particular electrical machine, apparatus or portion of the electrical installation so affected, and not to other machine, apparatus, ... Full story

It is hereby noted and agreed that this insurance shall in no case be liable for any loss or damage caused directly or indirectly by Earthquake, Volcanic Eruption and Tsunami. Full story

This policy does not provide cover in respect of any : loss or destruction of or damage to property or any loss or expense resulting or arising from such damage or any other consequential losses sustained by the Insured and/or liability for damages attaching to the Insured directly or indirectly caused by ... Full story

Notwithstanding any provision to the contrary within the Policy or any any endorsement thereto, it is understood and agreed as follows : This Policy does not insure loss, damage, destruction, distortion, erasure, corruption or alteration of ELECTRONIC DATA from any cause whatsoever (including but not limited to COMPUTER VIRUS) or loss of use, reduction in functionality, cost, ... Full story

The insurance is extended to include notwithstanding any provision to the contrary in the Policy or any endorsement thereto: Notwithstanding any provision to the contrary in the policy or any endorsement thereto, it is understood and agreed as follows; (i.) Total or partial destruction, distortion, erasure, corruption, alternation, misinterpretation or misappropriation of ELECTRONIC DATA ... Full story

Notwithstanding any provision to the contrary in the policy or any endorsement thereto, it is understood and agreed as follows; This policy does not insure: (i.) Total or partial destruction, distortion, erasure, corruption, alternation, misinterpretation or misappropriation of ELECTRONIC DATA (ii.) Error in creating, amending entering, deleting or using ELECTRONIC DATA, or ... Full story

It is hereby noted and agreed that this insurance shall not in any case to cover Earthquake, Fire following Earthquake, Volcanic eruption and Tsunami. Full story

In the event of loss or damage to the Property Insured or any part thereof the cost of any repair replacement or rectification admitted under this Policy shall include the additional cost 25% above the normal cost or overtime weekend and shift working bonus payment plant hire charges express delivery (including airfreight) and the like necessarily and reasonable incurred in expediting ... Full story

Loss or damage by fire to the electrical appliances or installations insured under this policy arising from or occasioned by overrunning, excessive under pressure, short circuiting, arcing, self heating or leakage of electricity, from whatever clause, (lightning included), is covered subject to the terms and conditions of this policy or loss or damage to any electrical machine, apparatus, fixtures or fitting, ... Full story

Subject to advanced additional premium to be paid, it ishereby declared and agreed that the sum insured by each of the said item shall during each period of insurance be increased  by the proportion of the specified percentage which the number of days since the commencement of such period shall bear to the whole of such period.                 ... Full story

In consideration of the payment of an additional premium amounting to 10% (ten percent) of the premium produced by applying the specified percentage to the first or the annual premium as appropriate on the item(s) as specified in schedule a the sum insured thereby shall, during the period of insurance, be increased each day an amount representing 1/365th of the specified ... Full story

Loss or damage by fire to the electrical appliances or installations Insured under this policy arising from or occasioned by overrunning, excessive pressure. Short circuiting, arching, self-heating or leakage of electricity, from whatever cause, (lightning included) is covered subject to the terms and conditions of this policy, but it is expressly understood that no liability exists under this policy for loss ... Full story

It is hereby expertly understood and agreed that this Policy also covers loss or damage caused by fire as a consequence of electrical short circuit. Full story

The indemnity granted by this Policy extends to include clothing and/or personal effects of the  employees of the Insured for an amount  not exceeding Rp. 250,000.- in respect of any one employee and for an amount not exceeding in the aggregate Rp. 5,000,000.- Full story

(Applicable to buildings, machinery, plant and all other property and contents, other than those specified in items (b) to  (h) under basis of settlement) This Policy extends to include the extra cost of reinstatement (including demolition or dismantling) of damaged property necessarily incurred to comply  with the requirements of any Act of Parliament or regulation made thereunder or ... Full story

The insurance by this Policy extended to cover any extra cost incurred in respect of expenses delivery airfreight, overtime, Sunday and holiday of wages in connection with repairs or replacement indemnifiable by this Policy. The liability of the Insurer under this endorsement shall in no case exceed 20% of claim amount subject otherwise to the terms exception and ... Full story

The Insured not be prejudiced by any unintentional and/or inadvertent omission error incorrect valuation or incorrect description of the interests risk or property insured provided notice is given to the insurer as soon as practicable upon discovery of such error or omissions and subject to the Insured paying additional premium arising therefrom. Full story

This policy is extended to include impact by vehicles belonging to or under control of the Insured to also loss of  or damage to the property insured directly or proximately caused by the impact of the road and/or vehicles and/or plant, machinery and equipment or objects/articles dropped there from. Full story

All electronic correspondence including but not limited to facsimiles and emails between Insured, Insurers, Brokers and any other party related to the placement of this policy is deemed as a legal and binding communication. Full story

This Insurance does not cover any loss, damage, cost, claim or expense, whether preventative, remedial or otherwise, directly or indirectly arising out of or relating to : The calculation, comparison, differentiation, sequencing or processing of data involving the date change to year 2000, or any other date change including leap year calculations, by any computer ... Full story

Notwithstanding anything contained in the Policy to the Contrary, it is hereby noted and agreed that this Policy does not provide cover in respect of extra-contractual obligations howsoever arising, such extra contractual obligations being defined as any award made by court of competent jurisdiction against an insurer, which award is not within the coverage granted by any insurance contract made between ... Full story

This Policy does not insure against any loss, damage, cost, claim or expense, directly or indirectly, proximately or remotely, whether in whole or in part caused by, resulting from, contributed to, aggravated by or consisting or any malfunction, derangement or inability of the failure of any Electronic Equipment and/or Device to recognize, interpret, calculate, compare, differentiate, sequence ... Full story

The indemnity granted by this Policy extends to include clothing and/or personal effects of the employees of the Insured for an amount not exceeding US$ 2,500.00 in respect of any one employee and for an amount not exceeding in the aggregate US$ 10,000.00 Full story

Subject to all its terms and conditions, this  Policy  also covers the  necessary   Extra  Expense   incurred  by the  Insured  in order to continue as nearly as practicable  the normal  conduct of the  Insured's business following damage to or destruction of  the  property  insured,  or  of  property  rented to or  used  by  the   Insured   (other  than property  excluded),  by  perils  insured.  ... Full story

Notwithstanding anything contained herein to the contrary it is hereby declared and agreed that in the event of a claim the Insurers will also indemnify the Insured against the reasonable additional expenses incurred by the Insured. a. in respect of overtime working and work carried out on Sundays, Holidays and at night b. for transport costs at ... Full story

This Insurance does not cover any loss, damage, cost, claim or expense, whether preventative, remedial or otherwise, directly or indirectly arising out of or relating to: The calculation, comparison, differentiation, sequencing or processing of data involving the date change to year 2000, or any other date change including leap year calculations, by any computer system, hardware, programme ... Full story

CLAUSE 4.12 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 ... Full story

The indemnity granted by this Policy extends to include clothing and/or personal effects of the employees of the Insured for an amount not exceeding Rp 500,000 in respect of any one employee and for an amount not exceeding in the aggregate Rp 10,000,000. KLAUSUL BARANG-BARANG MILIK PRIBADI PEGAWAI Ganti rugi yang dijamin oleh ... Full story

This Policy does not cover liability in respect of Personal Injury or Property Damage arising directly or indirectly from or caused by or contributed to by exposure to and/or the presence of any electromagnetic field (EMF) or any electromagnetic radiation (EMR) or any derivation or variation thereof. Full story

This Policy does not cover liability in respect of Personal Injury or Property Damage arising directly or indirectly out of or caused by or through the escape of fire lit by the Insured or by any persons in contravention of the provisions of any Statute or of any By-Laws or Regulations imposed by any Public Authority.  Full story

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 for extinguishing expenses which should be necessarily and reasonably incurred in extinguishing fires at the premises, subject to the following limits of liability during the period insurance. This Clause is subject otherwise to ... Full story

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 accidental bodily injury of  and/ or accidental property damage to any third party occurring at the specified premises resulting from boiler explosion due to its internal steam pressure subject to the limits of liability ... Full story

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 accidental bodily injury of and/ or accidental property damage to any third party in the normal operational use of the elevators or escalators at the premises specified in ... Full story

The Insured not be prejudiced by any unintentional and/or inadvertent omission error incorrect valuation or incorrect description of the interests risk or property insured provided notice is given to the insurer as soon as practicable upon discovery of such error or omission. Full story

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

It is agreed and declared that this policy does not provide indemnity for losses directly or indirectly caused by electromagnetic radiation. Full story

The indemnity granted by this Policy extends to include clothing and/or personal effect or the employees of the Insured for amount not exceeding USD5,000 in respect of any one employee and for an amount not exceeding in the aggregate USD50,000 Full story

This policy extends to indemnify the Insured for all reasonable expenses incurred by the Insured for such immediate medical treatments as may be necessary at the time of an accident causing injury to any person who may be the subject of a claim for indemnity by the Insured in terms of this Policy. Full story

This Policy extends to cover the legal liability of the Insured for loss or damage to the clothing and/or personal effects of employees, the amount of indemnity under this extension being limited to USD5,000 in respect of any one employee. Full story

EXPEDITING EXPENSES CLAUSE In the event of loss or damage to the Property Insured or any part thereof the cost of any repair replacement or rectification admitted Full story

ELECTRICAL INSTALLATION CLAUSE Loss or damage by fire to the electrical appliances or installations insured under this policy arising from or occasioned by overrunning, Full story

ESCALATION CLAUSE In consideration of the payment of an additional premium amounting to 10 % of the premium produced by applying the specified percentage Full story

ERRORS AND OMISSION CLAUSE The insured shall not be prejudiced by an unintentional and/or inadvertent omission error incorrect valuation or incorrect description Full story

EMPLOYEES PERSONAL EFFECTS CLAUSE The indemnity granted by this Policy extends to include clothing and/or personal effects of the employees of the Full story