General

What does Indemnity Limit mean?
Means the sum shown in the Schedule which is available to indemnify the Insured in respect of all claims made against the Insured during the Policy Period. ...
Thu, 24 Oct, 2019 at 11:24 AM
What does Occurrence mean?
Means an event causing Personal Injury and/or Property Damage neither expected nor  intended from the standpoint of the Insured.  PLEASE NOTE THIS DOES ...
Thu, 24 Oct, 2019 at 11:23 AM
What is an Occurrence based wording?
 The incident that gives rise to the claim against the insured has to have taken place during the period of the policy.   So if something happened today, ...
Thu, 24 Oct, 2019 at 11:23 AM
What is Public Liability?
 It is Insurance that will cover you if someone brings a claim against you and your business for a loss, damage, injury or death sustained by a third party ...
Thu, 24 Oct, 2019 at 11:22 AM
What is Products Liability?
  Means anything (after it has ceased to be in the Named Insured’s possession or control) which has been designed, specified, formulated, manufactured, gro...
Thu, 24 Oct, 2019 at 11:21 AM
What is Property Damage?
Means physical damage to, physical loss of or physical destruction of tangible property including any loss of use arising therefrom; or   loss of use of t...
Thu, 24 Oct, 2019 at 11:21 AM
What is meant by Stock?
Stock are the products that you sell in your Business. For Fire and Perils and accidental loss etc we refer to the goods as stock. Stock is not covered unde...
Thu, 24 Oct, 2019 at 11:20 AM
What is an Exclusion?
 An exclusion is a policy stipulation that limits cover for some types of risk. Exclusions restrict the scope of cover provided by the insurance policy. Ins...
Thu, 24 Oct, 2019 at 11:20 AM
What is an Endorsement?
An Insurer may put an Endorsement on your policy, which advises that the cover under the policy is altered, amended or deleted.  PLEASE NOTE THIS DOES N...
Thu, 24 Oct, 2019 at 11:19 AM
What is an Interested Party?
An interested party is a person or company other than the named insured on an insurance policy, which may have an insurable interest in the person or proper...
Thu, 24 Oct, 2019 at 11:19 AM