MIMOS TENDER NO. : CB2/T/2013 APPENDIX 1 : CURRENT INSURANCE COVERAGE

Transcription

1 MIMOS TENDER : CB2/T/ INDUSTRIAL ALL RISKS INSURANCE: Section 1 Material damage to all movable/immovable property (ies) including but not limited to contents, fixtures & fittings and equipment & machinery situated anywhere in Malaysia/Singapore/Brunei. Section 2 Consequential loss of profit including additional increase Cost Of Working. MIMOS Alterations and Repairs All Other Contents Clause (Limit RM10,000.00) Architect s, Surveyor s and Consultant s Fees (without separate Sum Insured) Appraisement Clause (RM 50,000) Capital Addition Clause (RM10,000,000) Removal of Debris (Limit : 10% of Sum Insured max RM5,000,000.00) Public Authority Clause Reinstatement Value Automatic Reinstatement Of Loss Clause Temporary Removal (External) Clause Temporary Storage (Limit: RM1,000, max 60 days) Contract Price Mortgagee and Chargee Waiver of Subrogation Rights Escalation Clause (10%) Co Insurance and Leader Clause (All Sections) Brand, Label and Trademark (Note : Please refer to Appendix 2 for details of assets insured) Page 1 of 12

2 MIMOS TENDER : CB2/T/ MIMOS WAFER FAB Alterations and Repairs Automatic inclusion of new location All Other Contents Clause (Limit RM10,000.00) Architect s, Surveyor s and Consultant s Fees (without separate Sum Insured) Appraisement Clause (RM 50,000) Capital Addition Clause (RM10,000,000) Removal of Debris (Limit : 10% of Sum Insured max RM10,000,000.00) Breach of Condition Clause (All Section) Public Authority Clause Reinstatement Value Automatic Reinstatement Of Loss Clause Temporary Removal (External) Clause Temporary Storage (Limit: RM1,000, max 60 days) Contract Price Mortgagee and Chargee Demolition and Increased Cost of Construction 85% Special Condition of Average Assistance and Cooperation of the Insured Errors and Omission Proof of Loss Page 2 of 12

3 MIMOS TENDER : CB2/T/ Waiver of Subrogation Rights - Expediting Expenses (25%) - Non-Invalidation - Departmental Clause - Loss Adjustment - Titles of Paragraphs - Escalation Clause (10%) - Date Recognition Supplier /Customers Premises Co Insurance and Leader Clause (All Sections) Loss Notification (90 Days) Section I & II Brand, Label and Trademark Sue and Labour Clause Prevention of Access Alternative Index 72 hours Clause Payment on Account Accountants Clause Valuation Clause Material Damage Proviso Waiver Public Utilities Terrorism Exclusion Clause Cyber Liability Clause Political Risks Exclusion Clause Radioactive/ Nuclear Energy Risks Exclusion 5% Renewal Bonus Clause Page 3 of 12

4 MIMOS TENDER : CB2/T/ MACHINERY BREAKDOWN: Against any breakdown of machinery whilst:- i) working or at rest ii) being dismantled, moved or re-erected for the purpose of cleaning, inspection, repair or installation in another position sufficient to prevent the machine undertaking its normal work and necessitating repair or replacement before working can be resumed. Strike Riot & Civil Commotion - Sub Limit RM 1,000, Overtime, Night Work & Express Freight - Sub Limit 20% of claim Airfreight - Sub Limit 20% of Claim Cost max RM500, Clearance of Debris - Sub Limit Max RM 1,000, Professional Fees - Sub Limit Max RM 1,000, Payment on Account Loss Notification (30 Days) Automatic Reinstatement Of Loss Sum Insured Terrorism Exclusion Clause Cyber Liability Clause Political Risks Exclusion Clause Data Distortion Endorsement Property Damage Clarification Clause Asbestos Exclusion Clause Date Recognition Co Insurance Clause Radioactive /Nuclear Energy Risks 5% Renewal Bonus (Note : Please refer to Appendix 2 for details of assets insured) Page 4 of 12

5 MIMOS TENDER : CB2/T/ MACHINERY BREAKDOWN/LOSS OF PROFIT: i) To indemnify the insured against Loss of Gross profit and increase in cost of working necessarily and reasonably incurred for the purpose of avoiding or ii) Diminishing the reduction in Turnover as a consequence of the Accidental Breakdown of the machineries covered under the Machinery Breakdown Payment on Account Accumulated Stocks Clause Loss Notification (30 Days) Automatic Reinstatement Of Loss Sum Insured Waiver of Material Damage Proviso Departmental Clause Terrorism Exclusion Clause Cyber Liability Clause Political Risks Exclusion Clause Asbestos Exclusion Radioactive / Nuclear Energy Co Insurance Clause 5% Renewal Bonus 4.0 COMPUTER & ELECTRONIC EQUIPMENT (CEE) On all computers and peripherals of immovable and movable items i) Immovable items ii) Movable items (Note : Please refer to Appendix 2 for details of assets insured) Appraisement Clause Armed Robbery and/or Hold-Up Automatic Additions and Deletions (90 Days) Automatic Increase in Sum Insured Automatic Reinstatement of Loss Clause Alterations and Repairs Page 5 of 12

6 MIMOS TENDER : CB2/T/ Cover for Extra Charges for Overtime Night work, Work on Public Holidays, Express Freight and Airfreight Date Recognition Clause Designation Automatic inclusion of new location Fire, Lightning, Explosion and Perils Full Theft (Limit : RM200,000) Hold Cover (Properties Inadvertently Omitted to Insure) Clause Internal Removal Jurisdiction Clause Leasing Endorsement Loading and Unloading Loss or Damage Directly Caused By Or Arising Out of Earthquake, Volcanic Eruption Loss Notification (60 Days) Malicious Damage New Replacement Value Clause Non Cancellation Clause Other Contents (Limit - RM5,000) Reinstatement Value Strike Riot & Civil Commotion Temporary Removal Temporary Storage Page 6 of 12

7 MIMOS TENDER : CB2/T/ PUBLIC LIABILITY INSURANCE Legal liability in respect of accidental death, bodily injury/illness or loss or damage to property of third parties. Advertising / Signboard / Neon Sign Car Park Extension Cross Liability Defective Sanitary Arrangements Contractors/Sub-contractors Fire and Explosion First Aid Facilities Guest Effects Temporary Visit Overseas Loading and Unloading Lift Endorsement Hoist, Cranes and Forklifts Extension Plant & Machinery Non Owned and Hired Vehicle Motor Liability Social Sports Clubs Flood Smoke and Fumes Pollution and Contamination Tenant s Liability Indemnity to Directors and Executives Loss Notification (60 Days) Food And Beverages Supplied Associated Companies Leased and/or Hired Equipment Page 7 of 12

8 MIMOS TENDER : CB2/T/ Alterations and Repairs Jurisdiction Clause Pedal Cycle Special Event Clause Employees Personal Effects (Limit - RM1,000) Unlicensed Vehicles Usage of Firearms Clause Consultants as Third Party Clause Workaway Risks 6.0 EMPLOYER S LIABILITY INSURANCE To indemnify the Insured s liability to employees at law for damages in respect of death, bodily injury by accident or disease to the insured s employees arising out of and in the course of employment and in addition to pay all costs and expenses incurred with the insured s consent. Employee To Employee Jurisdiction Clause Cost of Litigation and Expenses Loss Notification (60 Days) Temporary Visit Overseas Cross Liability Co-Insurance Clause Endorsement W76 Endorsement W77 Endorsement W60 Endorsement W194 Page 8 of 12

9 MIMOS TENDER : CB2/T/ FIDELITY GUARANTEE INSURANCE To make good and reimburse the Employer for all such direct pecuniary loss as the Employer shall sustain by any act of fraud or dishonestly committed by the employees during the period of indemnity stated and during the uninterrupted continuance of the employment of the said employee. Automatic Additions and Deletions Loss Notification (60 Days) Automatic Reinstatement of Loss Collusion with other employees Loss of Monies, Stocks and The Other Property Unidentified Employees Designation Loss Adjuster Automatic inclusion of new premises/branches Secondment /Transfer within the Group Property Damage Clarification 8.0 MARINE OPEN COVER INSURANCE On products, general merchandise, equipment, accessories of every description pertaining to the insured s trade, the property of the insured or held by them in trust or on commission for which they are responsible. (By Sea/Air :RM 5,000,000.00, By Parcel Post:- RM100, By Land Conveyance:- RM5,000,000.00) Institute Cargo Clauses (ICC'A') extended to include Inland Sendings Hijack Clause Non-survey clause (RM5,000) Institute War Clauses (Cargo) Institute Strikes Clauses (Cargo) Institute War Clauses (Sending By Post) Institute Strike Clauses (Air Cargo) Mail and Parcel Post Institute Standard Conditions For Cargo Contracts Institute Classification Clause Institute Replacement Clauses Page 9 of 12

10 MIMOS TENDER : CB2/T/ Duty Clause Port Delay Clause General Average & Salvage Charges Deferred Unpacking Clause (120 days) Institute Radioactive Contamination Exclusion Clause (CL 356A) 01/11/02 Warranted shipped under deck unless containerised (Deck Cargo held covered at IC Unattended Vehicle Clause Property Damage Clarification Clause Loss Notification (30 Days) Seller's Interest Clause (subject to additional premium) 9.0 MONEY INSURANCE Loss, destroyed and damage to money :- i) MIT/MIP: RM50, ii) EAC: RM9,000, Bonus /Payroll Increment Payment /Weekend /Eve /Public Holidays (3 x Transit Limit) Personal Custody of Professional Security Strike Riot & Civil Commotion Damage to Safe/Strongroom/Cabinet/Drawer, Cash Dispenser /Petty Cash box Loss Notification (60 Days) Automatic Reinstatement of Loss Designated Loss Adjuster Abscondment by Employees/Messenger provided discovered within 7 days Personal Accident (On 2 unnamed RM10,000 per person) Custody of Employees and/or Representative During After Business Hours Page 10 of 12

11 MIMOS TENDER : CB2/T/ Damage to Clothing & Personal Effects Automatic Reinstatement of Sum Insured Payment on Account Armed Robbery and/or Hold-Up Cyber Liability Clause Premium Warranty 10.0 DIRECTOR & OFFICER The Insurer will indemnify the Directors or Officers of the company, and/or the company, specified in the schedule against loss arising from any claim (s) first made against them jointly or severally during the Period of Insurance as specified in the schedule, and immediately notified to the Insurer in writing during that Period of Insurance or within fourteen (14) days after its expiry, by reason only of Wrongful Act as defined whenever or wherever the same was or may have been committed or alleged to have been committed by them in their capacity as Directors or Officers of the company, subject always to the definitions, extensions, exceptions and conditions of this policy The coverage include : i) Employment Practices Liability - arising out of actual or alleged wrongful dismissal, discharge or termination, employment related misrepresentation, sexual harassment, etc. Advance Payment Automatic Coverage for Subsidiary Claims brought by past directors against present director/officers covered Pollution Derivative Claims (Worldwide) covered Defence Costs and Expenses for Insured vs. Insured claims (excluding USA) covered Sub limit RM1,000, Defence Costs advanced on a current basis (Item 13) Directors are defined to Include Past, Present and Future Directors and Officers, secretary or person employed in an executive capacity Estate and Legal Representative covered Employment Practices Liability Coverage Full Retroactive Cover from the Date of Establishment Worldwide Cover (including USA/Canada) Legal Representation Expenses covered Loss Notification Clause (60 days) No hammer Clause Page 11 of 12

12 MIMOS TENDER : CB2/T/ ii) iii) iv) 90 days automatic coverage for any new outside directorships held in For-Profit Organisations during the policy period. Automatic outside directorships coverage for directorships held in not for-profit organisation. Marital / Spousal Coverage Derivative actions and claims v) Severability to all policy exclusions (Item 8) and the application form (Item 28) Y2K Extension Pending & Prior Litigation Continuity Date : Policy Inception Punitive Damages (where insurable by law) covered Right to 12 months Extended Reporting Period at pre-determined 50% Additional Premium in the event of termination or no-renewal of Policy (unless due to non-payment of premium) Spousal Liability covered Terrorism Extension 11.0 INTELECTUAL PROPERTY ( IP) INSURANCE To cover the insured up to but not exceeding in the aggregate for all claims under this Policy the Limit of Liability, against claims arising from failure of the insured s products, services and/or advice. It also covers infringement of intellectual property rights (IPR), defamation or breach of confidentiality, loss of computer records/data, and defence costs. The professional indemnity policy covers third party claims for financial loss. Market Fluctuation Clause Financial Transaction Exclusion Indirect, Economic or Consequential Loss Exclusion Dishonesty Employees Jurisdiction Clause Libel And Slander Retroactive Cover Waiver Of Subrogation Against Employees Page 12 of 12