Policy Declarations and Endorsements for The Chartered Insurance Institute & Subsidiary Companies And The Local Institutes

Transcription

1 Policy Declarations and Endorsements for The Chartered Insurance Institute & Subsidiary Companies And The Local Institutes the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

2 Declarations Item 1. Policyholder Policy Policy Number: The Chartered Insurance Institute & Subsidiary Companies And The Local Institutes 20 Aldermanbury London EC2V 7HY United Kingdom Type of Cover Form Item 2. Policy Period ForeFront Plus Chubb CSI UK ForeFront Plus v8 (which can be viewed at Commencing at Hours on 31st January 2016 to 30th July 2017 both days inclusive(local time at the address shown in Item 1). Item 3. Limits of Liability for each Policy Period (the operative sections are the ones for which a Limit of Liability is stated) 3.1 Section 2 (Directors and Officers Liability) 5,000,000 each Policy Period 3.2 Section 3 (Employment Practices Liability) 2,000,000 each Policy Period 3.4 Section 5 (Corporate Legal Liability) 5,000,000 each Policy Period 3.5 Section 6 (Employee Crime) 25,000 each Policy Period 3.6 Section 7 (Kidnap and Extortion Expenses) 25,000 each Policy Period Item 4. Other Details for Section 2 (Directors and Officers Liability) 4.1 Defence Costs Additional Limit of Liability: 1,000,000 or 10% of the Limit of Liability in Item 3.1 above, whichever is the lesser 4.2 Unindemnifiable Loss Additional Limit of Liability (see Section 2.9): 1,000,000 or 25% of the Limit of Liability in Item 3.1 above, whichever is the lesser each Policy Period each Policy Period 4.3 Sublimit for Pollution Defence Costs: 250,000 each Policy Period 4.4 Sublimit for Bail Bond Costs: 100,000 each Policy Period 4.5 Sublimit for Challenge Costs: 500,000 each Policy Period 4.6 Sublimit for Extradition Crisis Costs: 25,000 each Policy Period 4.7 Sublimit for Media Costs: 50,000 each Policy Period 4.8 Sublimit for Relative Costs: 25,000 each Policy Period 4.9 Deductible for Claims brought and maintained entirely outside the USA: Nil Deductible for Claims brought or maintained in whole or in part in the USA: $25,000 The above Deductibles apply only to Loss for which an Insured Person is Indemnifiable Pending or Prior Date: 1st January 1993

3 Item 5. Other Details for Section 3 (Employment Practices Liability) 5.1 Deductible for Claims brought and maintained entirely outside the USA which are not Class or Mass Actions: 5,000 Deductible for Claims brought and maintained entirely outside the USA which are Class or Mass Actions: 5,000 Deductible for Claims brought or maintained in whole or in part in the USA which are not Class or Mass Actions: $25,000 Deductible for Claims brought or maintained in whole or in part in the USA which are Class or Mass Actions: $25, Pending or Prior Date: 31st January 2015 Item 7. Other Details for Section 5 (Corporate Legal Liability) 7.1 Sublimit for Personal Injury or Property Damage Defence Costs: 50,000 each Policy Period 7.2 Sublimit for Services and Advice Defence Costs: 50,000 each Policy Period 7.3 Sublimit for Intellectual Property Defence Costs: 50,000 each Policy Period 7.4 Sublimit for Public Offering Defence Costs: 100,000 each Policy Period 7.5 Sublimit for Contract Claim Defence Costs: 100,000 each Policy Period 7.6 Sublimit for Pollution Defence Costs: 100,000 each Policy Period 7.7 Sublimit for all HS Expenses and Data or Information Expenses on account of all HS Investigations, HS Prosecutions, Data or Information Investigations and Data or Information Prosecutions: 100,000 each Policy Period 7.8 Sublimit for all Defence Costs on account of all Corporate Manslaughter Prosecutions: 7.9 Deductible: 2,500 The amount chosen as the Section 5 Limit of Liability for Item 3.4 or 1,000,000, whichever is the lesser 7.10 Pending or Prior Date: 21st January 2009 Item 8. Other Details for Section 6 (Employee Crime) 8.1 Loss Limit each Crime: 25, Expenses Limit each Crime: 10% of the Loss Limit in Item 8.1 or 250,000, whichever is the lesser 8.3 Deductible each Crime: 5,000 No Deductible shall apply to an Employee Benefit Plan. Item 9. Other Details for Section 7 (Kidnap and Extortion Expenses) each Policy Period 9.1 Sublimit for Recall Expenses: 25,000 each Policy Period

4 9.2 Sublimit for Rest and Rehabilitation Expenses: 25,000 each Policy Period 9.3 Deductible: 5,000 Item 10. Endorsements Effective at Inception 2 THIS IS A CLAIMS-MADE POLICY. EXCEPT AS OTHERWISE PROVIDED, IT COVERS ONLY CLAIMS FIRST MADE DURING THE POLICY PERIOD. For and on behalf of Chubb Insurance Company of Europe SE 26th April 2016

5 Endorsement No. 1 To be attached to and form part of policy number: Policyholder: Effective Date: 31st January 2016 The Chartered Insurance Institute & Subsidiary Companies And The Local Institutes Exclusion - Services and Advice, Absolute It is agreed that: 1. Item 7.2 of the Declarations is deleted. 2. Section 5.9, Exclusions to All Insuring Clauses, is amended by deleting Exclusion (i) and replacing it with the following: (i) based upon, arising from or in consequence of the rendering of, or failure to render, any service or advice to a customer or client of the Organisation; ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED For and on behalf of Chubb Insurance Company of Europe SE 26th April 2016 CH505

6 Endorsement No. 2 To be attached to and form part of policy number: Policyholder: Effective Date: 31st January 2016 The Chartered Insurance Institute & Subsidiary Companies And The Local Institutes Exclusion - Professional Services, Absolute It is agreed that Section 2.17, Exclusions to All Insuring Clauses, is amended by adding the following: (i) based upon, arising from or in consequence of any actual or alleged failure to perform, or any Wrongful Act in the performance of, professional services. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED For and on behalf of Chubb Insurance Company of Europe SE 26th April 2016 CH206