Indemnity in respect of claims for compensation as a result of unexpected and unintended personal injury or property damage for which an Insured is legally liable arising out of the client’s business activities.
The definitions of “Personal Injury” and “Property Damage” are broad.
Personal Injury extends beyond actual bodily injury to mental injury and defamation.
Property Damage includes both destruction of and damage to tangible property as well as loss of use of tangible property, which is undamaged.
In addition, the policy provides for the costs of defending these claims in court, and any necessary investigations or negotiations.
Policy Features
Up to $25,000,000 for each occurrence and products in the aggregate
Territory and Jurisdiction can be tailored to suit the clients requirements
$1,000,000 Punitive & Exemplary Damages (NZ only)
$250,000 Care Custody & Control
$250,000 Service & Repair
$250,000 Forest & Rural Fires Act
$100,000 Product Recall
Tenants Liability to full policy limit
Property Owners Liability to full policy limit
Underground Services to full policy limit
Vibration/Removal of Support to full policy limit
Who Is Protected
Coverage is provided to the named insured and extends automatically to any:
Subsidiary organisations controlled and actively managed
Director, employee, partner or shareholder of the Insured, in that capacity.
