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PUBLIC UTILITIES – BI
PUBLIC UTILITIES – BI Risks : BI Any loss as insured by this policy resulting from interruption of or interference with the Business in consequence of loss destruction or damage at the undernoted situations or to property as undernoted shall be deemed to be an incident. Property at any a. Generating station or sub-station of […]
INCREASE IN BUSINESS CLAUSE
INCREASE IN BUSINESS CLAUSE Risks : BI The undersigned hereby agreed to accept at the premium stated in policy, additions to the sum insured to maximum of in total 10% of the insured amount under this policy. However, that expire dates of the aforesaid additions not take place subsequent to the expire date of this […]
DEPENDENCY CLAUSE
DEPENDENCY CLAUSE Risks : BI This policy is extended to cover loss as insured by this policy which results in any of the following and shall be deemed to be loss resulting from damage to Property used by the insured at the premises for the purpose of the business. Damage to any property whatsoever: • […]
DENIAL OF ACCESS – BI
DENIAL OF ACCESS BI It is hereby declared and agreed that subject to the conditions of this Policy covers loss as insured by this Policy resulting from interruption of or interference with the business in consequence of damage (as within defined) to property in the vicinity of the premises which shall prevent or hinder the […]
CLOSURE BY ORDER OF A PUBLIC AUTHORITIES
CLOSURE BY ORDER OF A PUBLIC AUTHORITIES Risks : BI Notwithstanding anything contained in this policy to the contrary, loss as insured by the Policy resulting from interruption of or interference with the Business directly or indirectly arising from : (a) closure or evacuation of the whole or part of the Premises by order of […]
AUDITORS’ CHARGES CLAUSE
AUDITORS’ CHARGES CLAUSE-BI Risks : BI The liability of underwriters is limited to the reasonable charges payable by the insured to their auditors for producing and certifying any particulars or details contained in the insured’s books of account or the business books or documents or such other proofs, information or evidence as may be required […]
ALTERNATIVE TRADING CLAUSE
ALTERNATIVE TRADING CLAUSE Risks : BI If during the indemnity period goods shall be sold or services be rendered elsewhere than at the premises for the benefit of the business either by the Insured or by others on the Insured’s behalf the money paid or payable in respect of such sales or services shall be […]
ACCUMMULATION CLAUSE
ACCUMMULATION CLAUSE Marine cargo Should there be an accumulation of interest beyond the limits expressed in this contract by reason of any interruption of transit and/or occurrence beyond the control of the Insured, or by reason of ay casualty and/or at a transshipping point and/or on a connecting vessel or conveyance, then provided prior notice […]
ACCIDENTAL FAILURE OF PUBLIC SUPPLY
ACCIDENTAL FAILURE OF PUBLIC SUPPLY Risks : BI Any loss as insured by this policy resulting from interruption of or interference with the Business in consequence of loss destruction or damage at the undernoted situations or to property as undernoted shall be deemed to be an incident. The Contingencies The accidental failure of The public […]