Machinery Business Interruption

Transcription

1 Allinz Insurnce plc Mchinery Business Interruption Policy Wording

2 Mchinery Business Interruption Policy Wording Contents Thnk you for choosing Allinz Engineering. Insurnce Definitions 2 Cover 3 Limit of Liility 3 Bsis of Loss Settlement 4 Extensions 6 Exclusions 7 Generl Exclusions 8 Generl Conditions 10 Clims Conditions 13 Complints Procedure 15 Notifying Clim 15 Finncil Services Compenstion Scheme 15 Our technicl expertise uilt over mny yers of providing engineering insurnce nd inspection products nd services mens you cn trust us to e there when you need us. If you need further detils or hve ny questions, your roker or locl Allinz Engineering rnch will e delighted to help. Alterntively help nd guidnce cn e otined from: Allinz Engineering Hed Office Hslemere Rod Liphook Hmpshire GU30 7UN UK Fir Processing Notice 16 Importnt The insurnce cover provided y this Policy my e vried y cluses printed in the Schedule. Plese red oth the Policy nd Schedule to mke sure tht you hve the insurnce cover required.

3 Mchinery Business Interruption Policy Wording Mchinery Business Interruption Allinz Insurnce plc (referred to s 'the Insurers' or 'the Insurer') will indemnify or otherwise compenste the Insured nmed in the Schedule (referred to s the Insured ) in ccordnce with nd suject to the terms nd conditions of this insurnce in return for the Insured hving pid or greed to py the Insurnce Premium for the Period of Insurnce. Your insurnce policy is mde up of this Policy including ll Exclusions Extensions nd Conditions the Schedule nd the proposl which you mde to the Insurers prior to tking out this cover. These documents shll e red together s one contrct. Any word or expression to which specific mening hs een given shll hve the sme mening wherever it my pper in this Policy. Plese red ll the pges of this Policy nd Schedule crefully to ensure tht your insurnce requirements re met. For Allinz Insurnce plc Jonthn Dye Chief Executive Allinz Engineering is trding nme used y Allinz Insurnce plc 1

4 Mchinery Business Interruption Policy Wording Definitions Territoril Limits Gret Britin Northern Irelnd the Isle of Mn nd the Chnnel Islnds. Accident Sudden nd unforeseen dmge to Plnt (including Brekdown nd Collpse) t the Loction specified in the Schedule during the Period of Insurnce. Plnt Plnt nd mchinery owned y or lesed to the Insured instlled t the Loction nd specified in the Schedule. Plnt shll not include Indemnity Period The period eginning with the occurrence of the Accident nd ending when the results of the Business cese to e ffected in consequence of the Accident ut not exceeding the period stted in the Schedule s the Indemnity Period. Brekdown The ctul reking distortion or urning out of ny prt of the Plnt while in use rising from mechnicl or electricl defects in the Plnt cusing sudden stoppge frcturing of ny item of Plnt y frost which necessittes repir or replcement efore it cn resume norml working. c d foundtions msonry rickwork chimneys or refrctory linings mterils eing processed y or contined in the Plnt office mchinery computers or other electronic dt processing equipment plnt or mchinery which is prototype experimentl or untried Collpse The sudden nd dngerous distortion (whether or not ttended y rupture) of ny prt of the Plnt cused y crushing stress y force of stem or other fluid pressure (other thn pressure of chemicl ction or ignition of the contents or of ignited flue gses). e plnt mchinery pipes or cles situted underground unless specificlly descried in the Schedule. Schedule The Policy Schedule forming prt of this Policy. Period of Insurnce Period from the effective dte to the renewl dte s shown in the Schedule. Policy The contrct of insurnce formed of the Policy wording Schedule nd ny proposl mde y the Insured or on their ehlf to the Insurers (whether or not such proposl is recorded in writing). Time Exclusion The period stted in the Schedule eginning with the occurrence of the Accident during which Finncil Loss in consequence of the Accident is not covered. 2

5 Mchinery Business Interruption Policy Wording Cover Limit of Liility The Finncil Loss of the Insured resulting from interruption or interference with the Business during the Indemnity Period in consequence of n Accident. The Bsis of Loss Settlement shll e either Loss of Gross Profit or Loss of Revenue whichever is shown in the Schedule. The liility of the Insurers under this Policy shll not exceed 133 ⅓ % (one hundred nd thirty three nd third percent) of the Estimte shown in the Schedule s the Limit of Liility nd in ddition ny mounts shown in the Extensions in respect of ny one Accident or series of Accidents rising from one occurrence. 3

6 Mchinery Business Interruption Policy Wording Bsis of Loss Settlement 1 Loss of Gross Profit Finncil Loss mens in respect of reduction in Turnover the sum produced y pplying the Rte of Gross Profit to the mount y which the Turnover during the Indemnity Period shll in consequence of n Accident fll short of the Stndrd Turnover in respect of increse in cost of working the dditionl expenditure necessrily nd resonly incurred for the sole purpose of voiding or diminishing the reduction in Turnover which ut for tht expenditure would hve tken plce during the Indemnity Period in consequence of the Accident ut not exceeding the sum produced y pplying the Rte of Gross Profit to the mount of reduction in Turnover voided y the dditionl expenditure incurred less ny sum sved during the Indemnity Period in respect of the chrges nd expenses of the Business s my cese or e reduced in consequence of the Accident. Definitions Gross Profit The mount y which the sum of the Turnover nd the vlue of the closing stock shll exceed the sum of the vlue of the opening stock nd the mount of the Uninsured Working Expenses. Notes The vlues of the opening nd the closing stocks shll e rrived t in ccordnce with the norml ccountncy methods of the Insured due provision eing mde for deprecition. The words nd expressions used in this definition shll hve the mening usully ttched to them in the ooks nd ccounts of the Insured. Uninsured Working Expenses All expenses of the Business which vry in direct proportion to ny vrition in the Turnover. Turnover The money pid or pyle to the Insured for goods sold nd for services rendered in the course of the Business. Rte of Gross Profit The rte of Gross Profit erned on the Turnover during the finncil yer immeditely efore the dte of the Accident. Annul Turnover The Turnover during the twelve months immeditely efore the dte of the Accident. Stndrd Turnover The Turnover during tht period in the twelve months immeditely efore the dte of the Accident which corresponds with the Indemnity Period. Note Adjustments shll e mde to the figures representing the Rte of Gross Profit the Annul Turnover nd the Stndrd Turnover s my e necessry to provide for the trend in the Business nd for vritions in or other circumstnces ffecting the Business either efore or fter the Accident or which would hve ffected the Business hd the Accident not occurred so tht the djusted figures shll represent s nerly s my e prcticle the result which ut for the Accident would hve een otined. Estimte The mount declred to the Insurers s representing not less thn the Gross Profit which the Insured nticiptes will e erned y the Business during the finncil yer most nerly concurrent with the Period of Insurnce (proportiontely incresed where the Indemnity Period exceeds twelve (12) months). Specil Condition Output Bsis of Loss Settlement Suject to greement etween the Insured nd Insurers the term Output my e sustituted for the term Turnover. Provided tht output shll men the sle or trnsfer vlue of goods mnufctured or processed y the Insured in the course of the Business t the Loction shown in the Schedule only the term of Output or the term of Turnover shll e opertive in connection with ny one Accident. 4

7 Mchinery Business Interruption Policy Wording Bsis of Loss Settlement continued 2 Loss of Revenue Finncil Loss mens in respect of reduction in Revenue the mount y which the Revenue during the Indemnity Period shll in consequence of n Accident fll short of the Stndrd Revenue Estimte The mount declred to the Insurers s representing not less thn the Revenue which the Insured nticiptes will e erned y the Business during the finncil yer most nerly concurrent with the Period of Insurnce (proportiontely incresed where the Indemnity Period exceeds twelve (12) months). in respect of increse in cost of working the dditionl expenditure necessrily nd resonly incurred for the sole purpose of voiding or diminishing the reduction in Revenue which ut for tht expenditure would hve tken plce during the Indemnity Period in consequence of the Accident ut not exceeding the mount of the reduction voided less ny sum sved during the Indemnity Period in respect of the chrges nd expenses of the Business s my cese or e reduced in consequence of the Accident. Definitions Revenue The money pid or pyle to the Insured for services rendered in the course of the Business. Annul Revenue The Revenue during the twelve (12) months immeditely efore the dte of the Accident. Stndrd Revenue The Revenue during tht period in the twelve (12) months immeditely efore the dte of the Accident which corresponds with the Indemnity Period. Note Adjustments shll e mde to the figures representing the Annul Revenue nd the Stndrd Revenue s my e necessry to provide for the trend in the Business nd for vritions in or other circumstnces ffecting the Business either efore or fter the Accident or which would hve ffected the Business hd the Accident not occurred so tht the djusted figures shll represent s nerly s my e prcticle the result which ut for the Accident would hve een otined during the Indemnity Period stted in the Schedule. 5

8 Mchinery Business Interruption Policy Wording Extensions This Policy is extended to cover 1 Clims Preprtion Cost the necessry nd resonle cost incurred in producing nd certifying ny prticulrs or detils required y the Insurers in connection with Finncil Loss resulting from n Accident for which liility hs een ccepted ut limited to c dditionl cost incurred y employees of the Insured dditionl fees incurred y the usul uditors of the Insured cost of mterils used in furnishing the requirements of the Insurers. Provided tht the liility of the Insurers shll not exceed 10, Pyments on Account pyments s greed etween the Insured nd the Insurers in dvnce of finl settlement of clim under this Policy where the Insurers hve dmitted liility. 6

9 Mchinery Business Interruption Policy Wording Exclusions This Policy does not cover Finncil Loss directly or indirectly in consequence of 1 Perils loss of or dmge to Plnt y fire however cused fire extinguishing fluid c explosion 6 Multiple Lifting Opertions dmge rising from ny lifting or lowering opertion in which lod is shred etween two or more mchines unless the prior consent of the Insurers hs een otined. 7 Vessels Crft Vehicles Devices Rigs or Pltforms loss of or dmge to ny vessel crft vehicle or device designed to flot on in or trvel under or through wter ir or spce d e lightning erthquke storm tempest flood inundtion wter ircrft or other eril devices or rticles dropped therefrom susidence or other ground movement or displcement c mrine rig or mrine pltform equipment mounted on nd fixed to such vessel crft vehicle device rig or pltform. f g theft or ttempted theft riot strike lockout nd civil commotion. 2 Appliction of Tools dmge y direct ppliction of tools occurring during the execution of mintennce servicing or repirs. 3 Wer nd Ter or Grdul Deteriortion inevitle wer nd ter erosion corrosion or other deteriortion cused y or nturlly resulting from ordinry work use or exposure grdully developing flws or frctures which do not necessitte immedite stoppge ut not Finncil Loss in consequence of dmge resulting from or unless otherwise excluded. 4 Excluded Prts nd Components dmge to cutters its tools moulds dies heting elements driving elts nd chins nd similr items tht require periodic replcement. 8 Other Consequentil Loss liquidted dmges penlties for dely or detention or in connection with gurntees of performnce or efficiency or loss of use or ny form of consequentil loss not specificlly provided for y this Policy. 9 Brekdown of New Plnt Brekdown of newly instlled plnt until instlltion testing nd commissioning hs een crried out nd one clendr month of troule free running hs een completed. 10 Scrtching scrtching of pinted or polished surfces unless in consequence of other dmge to the item for which Finncil Loss is indemnifile. 5 Sfety or Protective Devices dmge to sfety or protective devices y their functioning. 7

10 Mchinery Business Interruption Policy Wording Generl Exclusions This Policy does not cover Finncil Loss in consequence of n Accident consisting of or rising from 1 Wr nd Kindred Risks loss or dmge (whether sudden nd unforeseen or not or ccidentl or not) directly or indirectly cused y wr invsion ct of foreign enemy hostilities (whether wr e declred or not) civil wr reellion revolution insurrection or militry or usurped power confisction ntionlistion requisition or destruction of or dmge to property y order of the Government or ny Pulic Municipl or Locl Authority. in the cse of Plnt outside Gret Britin Northern Irelnd the Isle of Mn nd the Chnnel Islnds loss or dmge directly or indirectly cused y wrlike opertions mutiny conspircy mrtil lw stte of siege or ny events or cuses which determine the proclmtion or mintennce of mrtil lw or stte of siege riot civil commotion strike lock-out persons tking prt in lour disturnces or mlicious persons cting on ehlf of or in connection with ny politicl orgnistion. 3 Terrorism loss or dmge (whether sudden nd unforeseen or not or ccidentl or not) directly or indirectly cused y resulting from or in connection with in respect of Englnd Wles nd Scotlnd ut not the territoril ses djcent thereto s defined y the Territoril Se Act 1987: i ny ct of Terrorism regrdless of ny other cuse or event contriuting concurrently or in ny other sequence to the loss ii ny ction tken in controlling preventing suppressing or in ny wy relting to ny ct of Terrorism In respect of ove n ct of Terrorism mens: Acts of persons cting on ehlf of or in connection with ny orgnistion which crries out ctivities directed towrds the overthrowing or influencing y force or violence of Her Mjesty s government in the United Kingdom or ny other government de jure or de fcto. 2 Rdioctive Contmintion loss or dmge (whether sudden nd unforeseen or not or ccidentl or not) directly or indirectly cused y or contriuted to y or rising from: ionising rditions from or contmintion y rdioctivity from ny nucler fuel or from ny nucler wste or from the comustion of nucler fuel in respect of territories other thn those stted in ove: i ny ct of Terrorism regrdless of ny other cuse or event contriuting concurrently or in ny other sequence to the loss ii ny ction tken in controlling preventing or suppressing or in ny wy relting to ny ct of Terrorism iii riot or civil commotion in Northern Irelnd In respect of ove n ct of Terrorism mens: c the rdioctive toxic explosive or other hzrdous or contminting properties of ny nucler instlltion rector or other nucler ssemly or nucler component thereof ny wepon or other device utilising rdioctive mteril nd/ or mtter nd/or ionising rdition nd/or tomic or nucler fission nd/or fusion or other like rection. Any ct including ut not limited to the use of force or violence nd/or the thret thereof of ny person or group(s) of persons whether cting lone or on ehlf of or in connection with ny orgnistion(s) or government(s) committed for politicl religious ideologicl or similr purposes including the intention to influence ny government nd/or to put the pulic or ny section of the pulic in fer. In ny ction suit or other proceedings where the Insurers llege tht y reson of this Exclusion ny loss dmge or liility is not covered y this Policy (or is covered only up to specified Limit of Liility) the urden of proving the contrry shll e on the Insured. In the event ny prt of this Exclusion is found to e invlid or unenforcele the reminder shll remin in full force nd effect. 8

11 Mchinery Business Interruption Policy Wording Generl Exclusions continued This Policy does not cover Finncil Loss in consequence of n Accident consisting of or rising from 4 E Risks loss of or dmge (whether sudden nd unforeseen or not or ccidentl or not) to ny computer or other equipment or component or system or item which processes stores trnsmits or retrieves dt or ny prt of computer or other equipment or component or system or item which processes stores trnsmits or retrieves dt whether tngile or intngile (including ut without limittion ny dt informtion or progrms or softwre) nd whether prt of the Plnt or not cused directly or indirectly y i ii Virus or Similr Mechnism progrm code progrmming instruction or ny set of instructions intentionlly constructed with the ility to dmge interfere with or otherwise dversely ffect computer progrms dt files or opertions whether involving self repliction or not. This includes ut is not limited to viruses trojn horses worms nd logic oms Hcking unuthorised ccess to ny computer or other equipment or component or system or item whether prt of the Plnt or not which processes stores trnsmits or retrieves dt ut this Exclusion shll not pply to susequent loss or dmge rising from or cused y fire lightning explosion ircrft or other eril devices or rticles dropped therefrom riot civil commotion strikers locked out workers persons tking prt in lour disturnces erthquke storm flood escpe of wter from ny tnk pprtus or pipe or impct y ny rod vehicle or niml which would ut for the ppliction of this Exclusion e insured y this Policy. 5 Pollution or Contmintion loss or dmge (whether sudden nd unforeseen or not or ccidentl or not) directly or indirectly cused y or contriuted to y or rising from pollution or contmintion. This Exclusion shll not pply to cost rising from pollution or contmintion of Plnt cused directly y n occurrence which is insured y this Policy. 6 Computer Dte Recognition loss or dmge (whether sudden nd unforeseen or not or ccidentl or not) directly or indirectly cused y or consisting of or rising from the filure of ny computer or other equipment or system for processing storing or retrieving dt whether the property of the Insured or not c correctly to recognise ny dte s its true clendr dte to cpture sve or retin nd/or correctly to mnipulte interpret or process ny dt or informtion or commnd or instruction s result of treting ny dte otherwise thn s its true clendr dte to cpture sve retin or correctly to process ny dt s result of the opertion of ny commnd which hs een progrmmed into ny computer softwre eing commnd which cuses the loss of dt or the inility to cpture sve retin or correctly to process such dt on or fter ny dte ut this Exclusion shll not pply to susequent loss or dmge rising from or cused y fire lightning explosion ircrft or other eril devices or rticles dropped therefrom riot civil commotion strikers locked out workers persons tking prt in lour disturnces mlicious persons other thn thieves erthquke storm flood escpe of wter from ny tnk pprtus or pipe or impct y ny rod vehicle or niml which would ut for the ppliction of this Exclusion e insured y this Policy. 9

12 Mchinery Business Interruption Policy Wording Generl Conditions 1 Survey nd Risk Improvement Sujectivity Condition It is Condition of this Policy tht the Insurers hve the right to crry out survey of the risks insured t ny time mutully greed with the Insured the Insured shll comply with ll survey risk requirements stipulted y the Insurers within the completion time scles specified y the Insurers. In the event tht risk requirement is not completed or risk requirement procedures re not introduced within the completion time scles specified y the Insurers then the Insurers reserve the right to either continue cover suject to ltertion of the terms nd Conditions of such cover or to suspend cover effective from the expiry of ny time period specified y the Insurers for completion/introduction of the required survey risk improvements until such risk requirement is completed or risk requirement procedures introduced. If the terms or Conditions of cover re mended y the Insurers then the Insured will hve fourteen (14) clendr dys to ccept or reject the revised sis of cover. If the Insured elect to reject the revised sis of cover then the Insured will e entitled to refund of premium provided tht no clim hs een mde during the current Period of Insurnce. If the Insurers exercise the right to suspend cover then the Insured will e entitled to refund of premium in respect of such period tht cover is suspended provided tht no clim hs een mde during the current Period of Insurnce. All other terms nd Conditions of this Policy shll pply to the extent tht they re not in conflict with this Condition. 2 Oservnce of Policy Terms The liility of the Insurers will e conditionl upon the Insured complying nd s pproprite ny other person entitled to indemnity complying s though they were the Insured with the terms of this Policy. 3 Fir Presenttion of the Risk c The Insured must mke fir presenttion of the risk to the Insurers t inception renewl nd vrition of the Policy. The Insurers my void the Policy nd refuse to py ny clims where ny filure to mke fir presenttion is i delierte or reckless or ii of such other nture tht if the Insured hd mde fir presenttion the Insurers would not hve issued the Policy. The Insurers will return the premium pid y the Insured unless the filure to mke fir presenttion is delierte or reckless. If the Insurers would hve issued the Policy on different terms hd the Insured mde fir presenttion the Insurer will not void the Policy (except where the filure is delierte or reckless) ut the Insurers my insted i reduce proportiontely the mount pid or pyle on ny clim the proportion for which the Insurers re lile eing clculted y compring the premium ctully chrged s percentge of the premium which the Insurers would hve chrged hd the Insured mde fir presenttion nd/or ii tret the Policy s if it hd included such dditionl terms (other thn those requiring pyment of premium) s the Insurers would hve imposed hd the Insured mde fir presenttion. For the purposes of this cluse references to 1 voiding Policy mens treting the Policy s if it hd not existed from the inception dte (where the filure to mke fir presenttion of the risk occurs efore or t the inception of the Policy) the renewl dte (where the filure occurs t renewl of the Policy) or the vrition dte (where the filure occurs when the Policy is vried) 2 refunds of premium should e treted s refunds of premium ck to the inception dte renewl dte or vrition dte s the context requires 3 issuing Policy should e treted s references to issuing the Policy t inception renewing or vrying the Policy s the context requires. 10

13 Mchinery Business Interruption Policy Wording Generl Conditions continued 4 Altertion In Risk The Insured must notify the Insurers s soon s possile if during the Period of Insurnce c the usiness is wound up or crried on y liquidtor or receiver or permnently discontinued the interest of the Insured ceses other thn y deth there is ny ltertion to the fcts or mtters set out in the Schedule or otherwise comprising the risk presenttion mde y the Insured to the Insurers t inception renewl or vrition of the Policy which mterilly increses the risk of Finncil Loss. Upon eing notified of ny such ltertion the Insurers my t their solute discretion i continue to provide cover under this Policy on the sme terms ii restrict the cover provided under this Policy iii impose dditionl terms iv lter the premium v cncel the Policy. If the Insured fils to notify the Insurers of ny mteril ltertion of the risk the Insurers my 1 tret the Policy s if it hd come to n end s t the dte of the ltertion of the risk returning proportionte mount of the premium for the unexpired Period of Insurnce if the Insurers would hve cncelled the Policy hd they known of the increse in risk 2 tret the Policy s if it hd contined such terms (other thn relting to premium) or other restrictions (if ny) from the dte of the ltertion in risk s the Insurers would hve pplied hd they known of the increse in risk 3 reduce proportiontely the mount pid or pyle on ny clim the proportion for which the Insurers re lile eing clculted y compring the premium ctully chrged s percentge of the premium which the Insurers would hve chrged hd they known of the increse in risk. 5 Resonle Precutions It is condition precedent to the liility of the Insurers tht the Insured shll tke ll resonle precutions to sfegurd the Insured Property ginst loss or dmge nd The Insured shll mintin the Insured Property in n efficient condition nd tke ll resonle steps to ensure tht ll Government nd other regultions relting to the opertion nd use of the Insured Property re oserved. 6 Cncelltion Other thn where Clims Condition 3 pplies the Insurers my cncel this Policy y giving the Insured thirty (30) clendr dys notice in writing t their lst known ddress. Provided the premium hs een pid in full nd no clim hs een mde during the Period of Insurnce the Insured shll e entitled to proportionte rete of premium in respect of the unexpired period of the insurnce. If the premium for this Policy is pid y instlments nd in the event tht the Insured fils to py one or more instlments whether in full or in prt the Insurer my cncel the Policy y giving the Insured fourteen (14) clendr dys notice in writing t their lst known ddress. 7 Renewl Requirement Prior to ech renewl the Insured shll supply detils of the Estimte to the Insurers for the forthcoming Period of Insurnce. 8 Declrtion The Insured shll within six (6) months of the expiry of ech Period of Insurnce provide to the Insurers declrtion of the Gross Profit or the Revenue certified y the uditors of the Insured erned during the finncil yer most nerly concurrent with the Period of Insurnce. 11

14 Mchinery Business Interruption Policy Wording Generl Conditions continued 9 Adjustment of Premium The premium pid is deposit premium sed on the Estimte declred. In the event of the declrtion (proportiontely incresed where the Indemnity Period exceeds twelve (12) months) eing less thn the Estimte pro rt return of premium not exceeding 50% (fifty percent) of the premium pid will e mde in respect of the difference. If the declrtion (proportiontely incresed where the Indemnity Period exceeds twelve (12) months) is greter thn the Estimte the Insured shll py pro rt dditionl premium in respect of the difference. If ny Accident shll hve occurred giving rise to clim under this Policy the Insurers will increse the declrtion for the purpose of premium djustment y the mount y which the Gross Profit or the Revenue ws reduced during the finncil yer in consequence of the Accident. 10 Lw nd Lnguge Applicle Unless the Insurers gree otherwise 12 Conditions Precedent If the Insured does not comply with ny prt of ny condition which mkes pyment of clim conditionl upon complince with it ( condition precedent) the Insurers will not py for ny clim except tht where the condition concerned c opertes only in connection with prticulr premises or Loctions the Insurers will py for clims rising out of n event occurring t other premises or Loctions which re not specified in the condition opertes only t prticulr times the Insurers will py for ny clim where the Insured shows on the lnce of proilities tht its non-complince with the condition did not cuse or contriute to the Finncil Loss which occurred would if complied with tend to reduce prticulr types of Finncil Loss or s the context my require liility the Insurers will py for ny clim where the Insured shows on the lnce of proilities tht its non-complince with the condition did not cuse or contriute to the Finncil Loss or which occurred. the lnguge of the Policy nd ll communictions relting to it will e in English nd ll spects of the Policy including negotition nd performnce re suject to English lw nd the decisions of English courts. 11 Assignment The Insured shll not ssign ny of the rights or enefits under this Policy without the prior written consent of the Insurer. The Insurer will not e ound to ccept or e ffected y ny notice of trust chrge lien or purported ssignment or other deling with or relting to this Policy. 12

15 Mchinery Business Interruption Policy Wording Clims Conditions 1 Clims Procedures In the event of ny occurrence giving rise or likely to give rise to clim under this Policy it is condition precedent to the liility of the Insurers tht the Insured shll t their own expense deliver to the Insurer i within thirty (30) clendr dys fter such occurrence (twenty eight (28) clendr dys in the cse of loss or dmge y riot civil commotion strikers locked-out workers persons tking prt in lour disturnces mlicious persons or theft) or such further time s the Insurer my llow in writing 1 full informtion in writing of the Insured Property nd the mount of loss or dmge 2 Options for Clims Settlement The Insurers shll not e lile for Finncil Loss where repirs to the Plnt re undertken without their written consent except in urgent cses where it hs een necessry to put minor repirs in hnd provided tht i the requirements of Clims Conditions 1 nd 5 hve een complied with nd ii the repirs re crried out to the stisfction of the Insurers. Where loss or dmge is confined to prt of n individul item of Plnt the Insurers shll e lile for the Finncil Loss incurred for the period of repir or replcement of the prt plus ny necessry dismntling nd erection. c d e 2 detils of ny other insurnces on the Insured Property covered y this Policy ii ll such proof nd informtion relting to the clim s my resonly e required iii if required sttutory declrtion of the truth of the clim nd of ny mtters connected with it preserve ny dmged or defective Plnt for inspection y the Insurers representtives crry out nd permit to e tken ny resonle ction to void or reduce the Finncil Loss within thirty (30) clendr dys of the expiry of the Indemnity Period or ny further period the Insurers my llow in writing provide detils of the loss nd produce ooks of ccount or other Business ooks or documents or ny other proofs informtion or evidence s the Insurers my require for the purposes of investigting or verifying the clim llow the Insurers in the nme of nd on ehlf of the Insured to tke over nd during such periods s they think proper to hve the solute conduct nd control of ll negotitions nd proceedings which my rise in respect of ny clim nd its settlement nd the Insured shll give the Insurers ll necessry ssistnce for tht purpose. 3 Frud If the Insured or nyone cting on the Insured's ehlf c d mkes ny flse or frudulent clim mkes ny exggerted clim supports clim y flse or frudulent documents devices or sttements (whether or not the clim is itself genuine) or mkes clim for loss or dmge which the Insured or nyone cting on the Insured's ehlf deliertely cused the Insurers will i refuse to py the whole of the clim nd ii recover from the Insured ny sums tht they hve lredy pid in respect of the clim. The Insurers my lso notify the Insured tht they will e treting the Policy s hving terminted with effect from the dte of the erliest of ny of the cts set out in su-cluses d ove. In tht event the Insured will 1 hve no cover under the Policy from the dte of the termintion nd 2 not e entitled to ny refund of premium. 13

16 Mchinery Business Interruption Policy Wording Clims Conditions continued 4 Other Insurnces The Insurers will not indemnify the Insured in respect of Finncil Loss which is insured y or would ut for the existence of this Policy e insured y ny other policy except in respect of ny excess eyond the mount pyle under such other policy or which would hve een pyle under such other policy hd this insurnce not een effected. 5 Surogtion Any climnt under this Policy shll t the request nd expense of the Insurers tke or permit to e tken ll necessry steps for enforcing rights ginst ny other prty in the nme of the Insured efore or fter ny pyment is mde y the Insurers. 9 Wiver of Surogtion Notwithstnding Clims Condition 5 the Insurers gree to wive ny rights ginst ny prent compny nd/or susidiry compny whose ctivities re conducted nd/or mnged y the Insured in whole or prt. Provided tht the Insured does not receive ny form of indemnity or dmges or other compenstion from such compny nd ny such compny shll s though they were the Insured oserve fulfil nd e suject to the terms limittions nd Conditions of this Policy. 6 Aritrtion If ny difference rises s to the mount to e pid under this Policy the difference shll e referred to n ritrtor to e ppointed y the prties in ccordnce with sttutory provisions. Where ny difference is y this Condition to e referred to ritrtion the mking of the wrd shll e condition precedent to ny right of ction ginst the Insurers. 7 Alterntive Premises If during the Indemnity Period goods shll e sold or services shll e rendered elsewhere thn t the Loction specified in the Schedule for the enefit of the Business either y the Insured or y others on their ehlf the money pid or pyle to the Insured in respect of such sles or services shll e rought into ccount in rriving t the Turnover or Revenue or Output during the Indemnity Period. 8 Deprtmentl Trding If the Business is conducted in deprtments the independent trding results of which re identifile the provisions of cluses nd of the Bsis of Loss Settlement shown in the Schedule shll pply seprtely to ech deprtment ffected y the Accident. 14

17 Mchinery Business Interruption Policy Wording Complints Procedure Our im is to get it right, first time every time. If you hve complint we will try to resolve it stright wy ut if we re unle to we will confirm we hve received your complint within five working dys nd do our est to resolve the prolem within four weeks. If we cnnot we will let you know when n nswer my e expected. If we hve not resolved the sitution within eight weeks we will issue you with informtion out the Finncil Omudsmn Service (FOS) which offers free, independent complint resolution service. If you hve complint, plese contct our Customer Stisfction Mnger t: Customer Stisfction Mnger, Allinz Engineering, Hed Office Hslemere Rod, Liphook, Hmpshire, GU30 7UN Telephone: Fx: Emil: customer.stisfction@llinz.co.uk You hve the right to refer your complint to the Finncil Omudsmn, free of chrge ut you must do so within six months of the dte of the finl response letter. If you do not refer your complint in time, the Omudsmn will not hve our permission to consider your complint nd so will only e le to do so in very limited circumstnces. For exmple, if the Omudsmn elieves tht the dely ws s result of exceptionl circumstnces. The Finncil Omudsmn Service, Exchnge Tower, London, E14 9SR Wesite: Telephone: or Emil: complint.info@finncil-omudsmn.org.uk Notifying Clim Clims under this Policy should e notified to the Insurers in ccordnce with the Clims Conditions of the Policy t the following Allinz Office. Plese provide your Policy numer nd s much informtion s possile out the clim: Allinz Engineering Clims Deprtment Hslemere Rod Liphook Hmpshire GU30 7UN Tel: Emil: clims@llinzengineering.co.uk Lines re open from 9m to 5pm Mondy to Fridy Finncil Services Compenstion Scheme Allinz Insurnce plc contriutes to the Finncil Services Compenstion Scheme (FSCS). You (the Insured) my e entitled to compenstion from the FSCS if we (the Insurers) re unle to meet our liilities. Further informtion out compenstion scheme rrngements is ville t y emiling enquiries@fscs.org.uk or y phoning the FSCS on or Using our complints procedure or contcting the FOS does not ffect your legl rights. The Europen Commission hs n online dispute resolution service for consumers who hve complint out product or service ought online. If you choose to sumit your complint this wy it will e forwrded to the Finncil Omudsmn Service. Visit to ccess the Online Dispute Resolution Service. Plese quote our e-mil ddress: customer.stisfction@llinz.co.uk. Alterntively, you cn contct the Finncil Omudsmn Service directly. 15

18 Mchinery Business Interruption Policy Wording Fir Processing Notice how we use personl informtion 1. Who we re When we refer to we, us nd our in this notice it mens Allinz Insurnce plc or Allinz Engineering Inspection Services Limited. When we sy, individuls in this notice, we men nyone whose personl informtion we my collect, including: nyone seeking n insurnce quote from us or whose detils re provided during the quottion process policyholders nd nyone nmed on or covered y the policy nyone who my enefit from or e directly involved in the policy or clim, including climnts nd witnesses. 2. How we use personl informtion We use personl informtion in the following wys: to provide quotes, dminister policies nd policyholder clims to fulfil our contrct to dminister third prty clims nd prevent finncil crime to meet our legl oligtions to mnge our usiness nd conduct mrket reserch to meet the legitimte needs of our usiness to send mrketing informtion out our products nd services if we hve received specific consent. There is no oligtion to provide us with personl informtion, ut we cnnot provide our products nd services without it. Anyone whose personl informtion we hold hs the right to oject to us using it. They cn do this t ny time y telling us nd we will consider the request nd either stop using their personl informtion or explin why we re not le to. Further detils cn e found elow. 3. Automted decision mking, including profiling We my use utomted decision mking, including profiling, to ssess insurnce risks nd dminister policies. This helps us decide whether to offer insurnce, determine prices nd vlidte clims. Anyone suject to n utomted decision hs the right to oject to it. To do so they should contct us y emiling us t cccsm@llinz.co.uk nd we will review the decision. 4. The personl informtion we collect We collect the following types of personl informtion so we cn complete the ctivities in section 2, How we use personl informtion : sic personl detils such s nme, ge, ddress nd gender fmily, lifestyle nd socil circumstnces, such s mritl sttus, dependnts nd employment type finncil detils such s direct deit or pyment crd informtion photogrphs nd/or video to help us mnge policies nd ssess clims trcking nd loction informtion if it is relevnt to the insurnce policy or clim identifiction checks nd ckground insurnce risk detils including previous clims informtion medicl informtion if it is relevnt to the insurnce policy or clim criminl convictions if it is relevnt to the insurnce policy or clim ccessiility detils if we need to mke resonle djustments to help usiness ctivities such s goods nd services offered. 5. Where we collect personl informtion Direct from individuls, their representtives or informtion they hve mde pulic, for exmple, on socil medi. From other persons or orgnistions, for exmple: credit reference nd/or frud prevention gencies emergency services, lw enforcement gencies, medicl nd legl prctices insurnce industry registers nd dtses used to detect nd prevent insurnce frud, for exmple, the Motor Insurnce Dtse (MID), the Motor Insurers Anti-Frud nd Theft Register (MIAFTR) nd the Clims nd Underwriting Exchnge (CUE) insurnce investigtors nd clims service providers other insurers or service providers who underwrite the insurnce or provide the services for our products other involved prties, for exmple, climnts or witnesses. 16

19 Mchinery Business Interruption Policy Wording Fir Processing Notice how we use personl informtion continued 6. Shring personl informtion We my shre personl informtion with: other compnies within the glol Allinz Group credit reference, frud prevention nd other gencies tht crry out certin ctivities on our ehlf, for exmple, the Motor Insurnce Dtse (MID), the Insurnce Frud Bureu (IFB) nd mrketing gencies if greed our pproved suppliers to help del with clims or provide our enefit services, for exmple, vehicle repirers, legl dvisors nd loss djusters other insurers, third prty underwriters, reinsurers, insurnce intermediries, regultors, lw enforcement nd the Finncil Omudsmn Service (FOS); nd other compnies tht provide services to us or you, for exmple, the Employers Liility Trcing Office (ELTO) nd the Clims nd Underwriting Exchnge (CUE) prospective uyers in the event tht we wish to sell ll or prt of our usiness. 7. Trnsferring personl informtion outside the UK We use servers locted in the Europen Union (EU) to store personl informtion where it is protected y lws equivlent to those in the UK. We my trnsfer personl informtion to other memers of the glol Allinz Group to mnge the insurnce policy or clim; this could e inside or outside the EU. We hve Binding Corporte Rules (BCR s) which re our commitment to the sme high level of protection for personl informtion regrdless of where it is processed. These rules lign with those required y the Europen Informtion Protection uthorities. For more informtion out BCR s, contct our Dt Protection Officer. Some of our suppliers hve servers outside the EU. Our contrcts with these suppliers require them to provide equivlent levels of protection for personl informtion. 8. How long we keep personl informtion We keep informtion only for s long s we need it to dminister the policy, mnge our usiness or s required y lw or contrct. 9. Know your rights Any individul whose personl informtion we hold hs the right to: oject to us processing it. We will either gree to stop processing or explin why we re unle to (the right to oject) sk for copy of their personl informtion we hold, suject to certin exemptions ( dt suject ccess request) sk us to updte or correct their personl informtion to ensure its ccurcy (the right of rectifiction) sk us to delete their personl informtion from our records if it is no longer needed for the originl purpose (the right to e forgotten) sk us to restrict the processing of their personl informtion in certin circumstnces (the right of restriction) sk for copy of their personl informtion, so it cn e used for their own purposes (the right to dt portility) complin if they feel their personl informtion hs een mishndled. We encourge individuls to come to us in the first instnce ut they re entitled to complin directly to the Informtion Commissioner s Office (ICO) sk us, t ny time, to stop processing their personl informtion, if the processing is sed only on individul consent (the right to withdrw consent). If you wish to exercise ny of these rights plese contct our Customer Stisfction Mnger: Address: Customer Stisfction Mnger, Allinz, 57 Ldymed, Guildford, Surrey, GU1 1DB Emil: cccsm@llinz.co.uk Phone: Allinz (UK) Group Dt Protection Officer Contct detils Allinz Insurnce plc nd Allinz Engineering Inspection Services Limited re compnies within the Allinz Holdings. Any queries out how we use personl informtion should e ddressed to our Dt Protection Officer: Address: Dt Protection Officer, Allinz, 57 Ldymed, Guildford, Surrey GU1 1DB Emil: dtprotectionofficer@llinz.co.uk Phone:

20 Mchinery Business Interruption Policy Wording Fir Processing Notice how we use personl informtion continued Chnges to our Fir Processing Notice Occsionlly it my e necessry to mke chnges to this fir processing notice. When tht hppens we will provide n updted version t the erliest opportunity. The most recent version will lwys e ville on our wesite Consent for Specil Ctegories of Personl Dt The glol Allinz Group my need to collect nd process dt relting to individuls who my enefit from the policy ( Insured Persons ), which flls within the specil ctegories of personl dt under Dt Protection Legisltion, for exmple, medicl history or convictions of Insured Persons for the purpose of evluting the risk nd/or dministering clims which my occur. You must ensure tht you hve explicit verl or written consent from the Insured Persons to such informtion eing processed y the glol Allinz Group nd tht this fct is mde known to the Insured Persons. By pplying for nd/or entering into this insurnce policy you will e deemed to specificlly consent to the use of the Insured Persons Personl Dt in this wy nd for these purposes nd tht your directors, officers, prtners, nd employees hve consented to the glol Allinz Group using their detils in this wy. 18

21 Allinz Engineering lso provides the following covers: Mchinery All Mchinery Mchinery Movement Mchinery Options Property Engineering Contrctors Contrctors Plnt Contrctors All Risks Erection All Risks Electronics Computer Electronic Equipment Consequentil Loss Deteriortion of Stock NP/05/06

22 Allinz Insurnce plc. Registered in Englnd numer Registered office: 57 Ldymed, Guildford, Surrey, GU1 1DB, United Kingdom. Allinz Insurnce plc is uthorised y the Prudentil Regultion Authority nd regulted y the Finncil Conduct Authority nd the Prudentil Regultion Authority. Finncil Services Register numer Allinz is trding nme used y Allinz Insurnce plc. ACEW1288_