Juridisk tekst fra engelsk - 2011
Surveyors’ Professional Indemnity Insurance
1. Scope of Cover
Insurers agree, subject to the terms of this policy:
1.1 Civil Liability
To indemnify the insured against any claim first made against the insured, or circumstance first notified to insurers, during the policy period in respect of any civil liability which arises in consequence of the conduct of professional business by the insured and/or by others acting for and/or on behalf of the insured.
The foregoing indemnity includes liability which the insured may incur in respect of any claim first made against the insured during the policy period:
1.1.1 for claimants’ costs and expenses; and/or
1.1.2 as a result of:
1.1.2.1 any decision by an adjudicator appointed to resolve a dispute in accordance with
an adjudication clause or rules contained in a contract.
Notwithstanding the indemnity limit for claims the maximum amount payable by insurers in respect of all cyber liability claims for which indemnity is available under this policy shall not exceed £250,000 in the aggregate. This amount is not additional to and shall not increase the indemnity limit for claims.
4.5 Several Liability Notice
This policy is underwritten 100% by St. Paul Travelers Insurance Co Ltd except where a co-insurance basis is specified by endorsement. Where indemnity is provided on a co-insurance basis the subscribing insurers’ obligations under this policy are several and not joint and are limited solely to the extent of their individual subscriptions.
4.6 Subrogation - Waiver of Subrogation
Immediately on the notification of a claim or circumstance, the insured grants to insurers all rights of recovery against any parties from whom a recovery may be made, and the insured will take all reasonable steps to preserve such rights. However, insurers agree to waive any rights of recovery against the insured unless liability has resulted in whole or part from any act or omission on the part of such persons which is dishonest, fraudulent, criminal or malicious.
Source: St. Paul Travelers (abridged)
