Liability Section 5 – Financial Loss This Section applies only where shown as operative in the Schedule
The insurance provided by Liability Section 5 is on a claims made basis with the costs and expenses of the claimant and the costs and expenses (incurred by the Company or with the Company’s written consent) of any Person Entitled to Indemnity included within the Limit of Indemnity stated in the Schedule
The Company will provide indemnity to any Person Entitled to Indemnity [1]
[a]
and [b]
against legal liability (other than arising under contract) incurred in connection with the Business for damages in respect of financial loss arising out of any claim which is
first made in writing to the Insured (or any other Person Entitled to Indemnity under this Policy) during any Period of Insurance
notified to the Company [i]
during
or [ii]
[2] [3]
within thirty days after expiry of the same Period of Insurance against legal liability for claimant’s costs and expenses in connection with [1] above
in respect of [a]
[b]
costs of legal representation at proceedings in any court arising out of any alleged breach of statutory duty resulting in financial loss specified in [1] above
all other costs and expenses in relation to any matter which may form the subject of a claim for indemnity under [1] above
incurred by the Company or with the Company’s written consent
Provided that [1] [2] [3] [4]
the financial loss is sustained within the United Kingdom
the total amount payable by this Section (including all clauses) shall not exceed the Limit of Indemnity the Insured’s Contribution will be payable before the Company shall be liable to make any payment
the Company may at any time pay the Limit of Indemnity (less any sums already paid or incurred) or any less amount for which at the absolute discretion of the Company the claim or claims can be settled The Company will then relinquish control of such claims and be under no further liability in respect thereof
34
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69