Archive for the ‘Clauses’ Category

Asuransi adalah salah satu media transfer risiko yang membantu masyarakat dalam melakukan pengelolaan keuangan serta memberikan proteksi dari ketidakpastian yang mungkin dapat terjadi di kemudian hari. Sehingga masyarakat dapat merasakan ketenangan (peace of mind) dalam melakukan kegiatan sehari-hari atau dalam hal menjalankan usaha. Dengan prinsip lebih baik mengeluarkan dana kecil untuk membeli proteksi asuransi, daripada kita harus menguras tabungan kita atau ... Full story

This insurance attaches from the time the subject-matter insured is first moved in the warehouse or at the place of storage (at the place named in the contract of insurance) for the purpose of the immediate loading into or onto the carrying vehicle or other conveyance for the commencement of transit, continues during the ordinary course of transit, and terminates on completion of ... Full story

Warranted that the cargo, machine or equipment shipped must be secured with a safety lashing and adequate cargo securing. Lashing must be done correctly according to the size, weight, and equipment type to prevent the cargo, machine or equipment from moving, falling, or getting damaged over rough journeys. When the lashing is not done correctly, This insurance will not cover any ... Full story

When an aircraft or a vessel which the Insured is aboard has disappeared or met a disaster and the Insured has not been found within 365 days commencing from the date of such disappearance or disaster, it shall be presumed that the Insured suffered loss of life resulting from bodily injury caused by any sudden, and external accident as of the date such ... Full story

Apakah Polis Asuransi Gangguan Usaha Menjamin Kerugian akibat Virus Corona? Penjelasan lengkap dapat didownload di sini : BI Coronavirus Masyarakat dunia dibuat panik dengan merebaknya virus corona (COVID-19), ratusan ribu orang terinfeksi, ribuan orang meninggal dan sudah menyebar ke ratusan negara. Ditetapkannya virus Corona atau COVID-19 ... Full story

Munich Re telah menerbitkan polis Industrial All Risks (IAR) baru versi 2.3 (Agustus 2017) yang memberikan jaminan dan persyaratan polis yang lebih transparan, terstruktur rapi, jelas, tidak ambigu, dilengkapi dengan definisi dan endorsemen perluasan yang diperlukan. Bagian penting dari polis ini, adalah: Polis menjamin kerusakan fisik dan gangguan usaha (Policy covers physical physical damage and resulting business interruption) ... Full story

The CPM policy offers insurance protection for plant and machinery of every kind. It is an annual all risks policy independent of any specific site and covers loss or damage caused by sudden and unforeseen events provided that the cause of loss or damage is not expressly excluded. Insurance coverage includes machinery at work, at rest or during maintenance. MRe Contractor’s Plant and Machinery Insurance... Full story

On the basis of a combined contractors' all risks and erection all risks insurance, the CP insurance policy provides comprehensive and risk-commensurate insurance protection for all projects involving the construction and erection of buildings, machine installations, plants, and steel structures throughout the project phase. The scope of cover is of very broad design modelled on the CAR and EAR insurance policies customary in international insurance markets. ... Full story

The comprehensive machinery (CM) insurance policy is essentially an accident insurance for industrial facilities where engineering risks are in the foreground, as opposed to all-risks policies, which focus on fire and allied perils. It covers sudden and unforeseen material damage to the whole facility and, in a way similar to the MLOP policy, the ensuing loss of profits. As in the case of machinery insurance, ... Full story

Updated : Tabel Premi Asuransi Penyingkiran Kerangka Kapal (dengan polis H&M) Tabel Premi Asuransi Penyingkiran Kerangka Kapal (tanpa polis H&M) Sertifikat Asuransi Penyingkiran Kerangka Kapal (download) Anggota Konsorsium Asuransi Penyingkiran Kerangka Kapal yang baru: ... Full story

Banyak rekan yang meminta wordings polis D&O Liability karena perusahaan asuransi tempatnya bekerja tidak punya wordings polisnya. Berbeda dengan polis-polis standar seperti polis asuransi harta benda yang menggunakan IAR Munich Re wordings, atau ISR Mark IV wordings, atau polis asuransi kapal yang menggunakan ITCH (Institute Time Clauses – Hulls), Polis D&O Liability adalah tailored-policies dimana setiap perusahaan membuat wordings polisnya sendiri, ... Full story

PAYMENT ON ACCOUNT CLAUSE It is hereby declared and agreed that payment on account of any loss recoverable under this policy will be promptly made by the Insurers to the Insured if so desired by the Insured, provided that such payment are deducted from the finally agreed claim settlement figures. Apa latar belakang perlunya klausul "Payment ... Full story

Silakan downloan di sini KLAUSUL KERUSUHAN, PEMOGOKAN DAN HURU HARA Menyimpang daripada ketentuan polis, Dengan ini dimengerti dan disetujui bahwa Polis ini diperluas untuk menjamin Tertanggung dari risiko Kematian, Cacat Tetap atau Biaya Pengobatan yang secara langsung disebabkan oleh Kerusuhan, Pemogokan dan Huru-Hara. Dengan ketentuan bahwa Tertanggung tidak secara sukarela terlibat ... Full story

AIRSIDE LIABILITY AIRCRAFT PRODUCTS ALTERATION AND ADDITIONS TO OWNED OR OCCUPIED PREMISES ADDITIONAL POLICY CONDITIONS ADDITIONAL AND DELETION BREACH OF WARRANTIES/CONDITIONS CLAUSE CONTINGENCY LIABILITY TO TENANTS CLAUSE CONTINGENT LIABILITY FOR NON-OWNED AND HIRED AUTOS CONTINGENT LIABILITY FOR ... Full story

Please download here AIRSIDE LIABILITY This policy does not provide indemnity for any damage to aircraft, passengers or crew while on board an aircraft. AIRCRAFT PRODUCTS It is declared and agreed that exclusion 4.6.3 “Aircraft Products” is replaced by the following: ... Full story

PROPERTY OWNERS EXCLUDING TRADE RISK ROAD/FOOTPATH CONSTRUCTION CONSTRUCTION EXCLUSION DEMOLITION TREE LOPPING REMOVAL/WEAKENING OF SUPPORTS... Full story

Here are some Liability Exclusions Clauses commonly attached to the Comprehensive General Liability (CGL) Policy   PROPERTY OWNERS EXCLUDING TRADE RISK                                                                                          This Policy does not cover liability in respect of Personal Injury or Property Damage arising out of or in connection with any Business, Profession, Trade or Manufacturing Operations other than ... Full story

It is hereby declared and agreed notwithstanding anything contained herein to the contrary that this Policy extends to indemnify the Insured against all sums which the Insured shall become legally liable to pay as compensation in respect of:- (a)    Death, bodily injury or property damage as within defined arising from the use of the 'Car Park'.... Full story

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

Pencantuman klausul Non-Invalidation Clause, Breach of Warranty Clause telah membawa implikasi serius atas klaim pada suatu polis Warranty: - apa yang dimaksud dengan Warranty? MIA 1906: Nature of warranty (1)A warranty, in the following sections relating to warranties, means a promissory warranty, that is to say, a ... Full story

List of Clauses Accountants Clause Accumulation of Stocks Clause ADDITIONAL INCREASE IN COST OF WORKING CLAUSE Alternative Trading Clause Auditor Charges Fee Book of Accountant Clause CLOSURE BY PUBLIC AUTHORITIES CLAUSE CUSTOMERS EXTENSION DENIAL OF ACCESS Departmental Clause Failure of Public Utilities (Version 1) Failure of Public ... Full story

Deterioration of Undamaged Stocks The Policy extends to include loss sustained by the Insured as the result of deterioration of undamaged stock which cannot be processed promptly due to interruption of or interference with the Business in consequence of damage to Property Insured. Defunct Spare Parts Clause It is hereby noted and ... Full story

Co-Mingling Clause When shipments of oil or other bulk products insured hereunder are stowed in such a manner as to be co-mingled with other bulk shipments belonging to and/or insured by others or owned by the Assured and intended for different consignees, it is agreed that in the event of loss or damage recoverable under this Policy, such ... Full story

Polis-Polis dan Klausul-Klausul Bilingual yang diakui AAUI dapat di download di link AAUI berikut ini Full story

Polis-Polis Standar AAUI dan Klausul-Klausulnya dapat di download di link AAUI berikut ini Full story

Baca : Jaminan Polis Standar Asuransi Kendaraan Bermotor Indonesia (PSAKBI) Full story

Terima kasih dan apresiasi yang tinggi kami sampaikan kepada Team Property AAUI yang telah berhasil menyusun Draft Polis Standar Asuransi Komprehensif Harta Benda Indonesia (PSAKHI). Full story

Engineering Insurance Clauses (Sort by alphabet) Full story

COMPREHENSIVE GENERAL LIABILITY CLAUSES Indonesian Jurisdiction Clause : It is understood and agreed that the Insurer will be under no liability in respect Full story

NON INSTITUTE CARGO CLAUSES • Air Freight Clause It is further agreed that in the event of a claim under this Contract, the Insurer agrees to pay the cost of air freighting Full story

PROPERTY INSURANCE CLAUSES PUBLIC AUTHORITIES CLAUSE REINSTATEMENT VALUE CLAUSE SPRINKLER LEAKAGE CLAUSE TEMPORARY REMOVAL CLAUSE ARCHITECTS, SURVEYORS AND ENGINEERS EXPENSES ALL OTHER CONTENTS BANKERS CLAUSE CAPITAL ADDITIONS CLAUSE Full story

LANDSLIP AND SUBSIDENCE ENDORSEMENTS (4.10) In consideration of the payment of an additional premium as arranged, Full story

WAIVER OF SUBROGATION CLAUSE Ay claimant under this policy shall at the request and at the expense Full story

CYBER NON – AGGREGATION CLAUSE (NMA2915) Losses arising directly or indirectly out of a. Loss of, alteration of or damage to b. A reduction in the functionally availability or operation of A computer system, hardware program, software data information repository microchip integrated circuit or similar device in ... Full story

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

REMOVAL PERMIT CLAUSE It is hereby understood and agree that this policy shall be extended to Full story

REPLACEMENT VALUE CLAUSE It is understood and agreed that otherwise subject to the terms, Full story

PAYMENT ON ACCOUNT CLAUSE It is hereby declared and agrees that payment on account of Full story

NON-INVALIDATION CLAUSE It is hereby agreed that this insurance shall not be invalidated by: Full story

NOTIFICATION CLAUSE The present situation, manner of connection, construction, and nature and interior of the building and also the trade carried on therein, is known to us. Full story

MEMORANDUM ON DISPUTE CLAUSE (C) In the event of any dispute arising between the Insurer and the Insured in respect of the implementation and/ or Interpretation Full story

MIS-DESCRIPTION CLAUSE It is understood and agreed that this Insurance shall notify be prejudiced by any alteration or misdescription of occupancy provided the Insured Full story

LEASED PROPERTY CLAUSE This policy extends to indemnify any other party having an interest in the property insured by virtue of and in accordance with the terms Full story

FIRE EXTINGUISHING COSTS CLAUSE It is hereby agreed and declared that notwithstanding anything in the within policy contained to the contrary, but subject to the 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

CURRENCY CLAUSE It is hereby understood and agreed that in case a claimable loss hereunder, if any, if denominated in currency other than the currency stated in the Policy Full story

CUSTOMERS’ GOODS CLAUSE It is hereby declared and agree notwithstanding anything contained in the within policy to the contrary but subject to its terms, Full story

COVER OF FULL REPLACEMENT VALUE It is agreed and understood that otherwise subject to terms, exclusions, provisions and conditions contained in the Policy or Full story

COMPUTER RECORDS CLAUSE This insurance includes cover for computer system records but only for the value of the materials together with the cost of clerical labour Full story

COST OF REWRITING RECORDS AND CLAIM PREPARATION (as per schedule)  On costs and expenses necessarily and reasonably Full story

CONTRACT PRICE CLAUSE In the event of Goods Insured by This Policy having been sold but not delivered for which the Insured is responsible and under the conditions Full story

CLAIM CONTROL CLAUSE Notwithstanding anything to the contrary herein: 1. The leader insurer shall upon Full story

BURST OF PIPE ENDORSEMENT (COMBINED WITH BURSTING OR OVERFLOWING OF THE WATER TANKS CLAUSE) Full story

AVERAGE RELIEF CLAUSE (85%) Whenever A Sum Insured is declared to be subject to the special condition of average, then, if such sum insured shall be at the breaking Full story

In consideration of the Insured undertaking to pay an additional premium at the agreed rate on the amount of loss calculated on a prorata basis from the date of such loss to the expiry of the current period of insurance, it is agreed that in the event of loss the insurance hereunder shall be maintained in force for the full sum insured.  Full story

APPRAISEMENT CLAUSE If the aggregate claim for any one loss destruction or damage does not exceed as per schedule or 5% of the sum insured whichever is the lesser Full story

PREVENTIVE MEASURE CLAUSE It is agreed that in the event of actual damage (or imminent damage) to the Insured Property , the Insurer will pay the reasonably Full story

CLAIMS MITIGATION CLAUSE It is agreed that in the event of actual damage (or imminent) to the insured Property, the insurer will pay the reasonably costs necessary 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 Full story

AUTOMATIC RENEWAL CLAUSE Notwithstanding anything to the contrary contained in the Policy.  It is hereby noted and agreed that this insurance is effected for Full story

KLAUSUL 4.15. PERLUASAN JAMINAN PETIR Full story

KLAUSUL 4.14. PERLUASAN JAMINAN ASAP Full story

KLAUSUL 4.13. PERLUASAN JAMINAN TERBAKAR SENDIRI (API YANG TIMBUL SENDIRI) Full story

KLAUSUL 4.12. PERLUASAN JAMINAN ARUS PENDEK Dengan ini ditegaskan bahwa dengan pembayaran premi tambahan yang disepakati, pertanggungan ini menjamin juga kerusakan fisik yang terjadi pada suatu unit peralatan listrik atau elektronik, kecuali peralatan listrik atau elektronik untuk keperluan rumah tangga, yang tercantum pada Ikhtisar Pertanggungan ... Full story

IMPACT BY OWN VEHICLES CLAUSE It is noted and agreed that the cover relating to impact of vehicles shall include vehicles owned or used by the Insured 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 Full story

WORKMENS CLAUSE Workmen are allowed in and about any of the described premises for the purpose or making new erections or alteration, repair, decoration, plant Full story

VEHICLE LOAD CLAUSE In the event of the Insured’s Property being left loaded in vehicles or freight containers overnight while in, on or about the premises Full story

TENANTS IMPROVEMENTS CLAUSE The insurance by this Policy extends to include tenants improvements and alteration to Landlord’s property insofar as the Insured 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 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, 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 Full story

OUTBUILDINGS CLAUSE The insurance by each item under buildings is understood to include walls, gates and fence, small outside buildings, extensions, annexes, Full story

LOSS OF DAMAGED GOODS CLAUSE In case of damage to property bearing brands labels and trademarks the sale of which carries in any way a guarantee of the Insured, Full story

INTERNAL REMOVAL CLAUSE It is understood and agreed that in the event of removal of property from one building to another at any of the situations covered Full story

GENERAL INTEREST CLAUSE Certain of the Property insured may be the subject of hire purchase lease or other agreements and the interest of the other parties to these Full story

FIRE BRIGADES CHARGES It is hereby understood and agreed that the reasonable charges raised by any local authority for the provision of Fire Fighting 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

DESIGNATION CLAUSE For the purpose of determining, where necessary, the definition of any property insured hereby the Insurer agrees to accept the designation Full story

COST OF RE-ERECTION CLAUSE The insurance by this Policy extends to cover the cost of re-erecting, fitting and fixing machinery or plant destroyed or damaged by fire Full story

COMPUTER RECORDS CLAUSE This insurance includes cover for computer system records but only for the value of the materials together with the cost of clerical labour Full story

CIVIL AUTHORITIES CLAUSE The insurance is extended to cover direct loss or damage to the described property caused by acts of destruction executed by order of Full story

BRAND AND LABEL CLAUSE If branded or labelled merchandise covered by this Policy is damaged, and the Insurer elects to take all or any of such merchandise at the agreed Full story

AWNINGS BLINDS SIGNS OR OTHER FITTINGS OF EVERY DESCRIPTION CLAUSE Awnings, blinds, signs or other outdoor fixtures or fittings of any description are covered Full story

MINOR ALTERATIONS AND REPAIRS CLAUSE Minor alterations, additions and repairs to building, plant fixtures and fittings, and machinery (exclusive of any Sprinkler Installations) Full story

ALTERATIONS CLAUSE Notwithstanding anything contained in the printed conditions of the Policy to the contrary, it is noted and agreed that this Insurance shall Full story

STOCK DECLARATION CLAUSE 1. In consideration of the premium by this Policy being provisional in that it is calculated on 75% of the sum insured hereby and is Full story

LESSORS INTEREST CLAUSE It is noted and agreed that ………….. (here in after referred to as the Lessors) are the owners of the Property insured under (Item …….) and that Full story

LEASED PROPERTY CLAUSE This Policy extends to indemnify any other party having an interest in the property insured by virtue of and in accordance with the terms of Full story

CAPITAL ADDITIONS CLAUSE The insurance hereby extends to cover alterations, additions and improvements (but not appreciation in value) in excess of the sums Full story

BANKERS CLAUSE It is noted and agreed that the property insured by this Policy has been mortgaged with bank ……………. and that in consequence thereof, Full story

ALL OTHER CONTENTS It is noted and agreed that this Policy extends to include : a.  Money and stamps not otherwise specifically insured for an amount Full story

ARCHITECTS, SURVEYORS AND ENGINEERS EXPENSES It is hereby noted and agreed as follows (a) The insurance of each item on Buildings or Contents Full story

TEMPORARY REMOVAL CLAUSE It is hereby agreed that the property insured by this Policy (other than any stock in trade or merchandise) is covered in respect of 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 Full story

REINSTATEMENT VALUE CLAUSE It is hereby declared and agreed that in the event of the property insured being destroyed or damaged the basis upon which the amount Full story

PUBLIC AUTHORITIES CLAUSE The insurance by this Policy extends to include such additional cost of reinstatement of the destroyed or damaged property Full story