Contract Works Policy

Transcription

1 Contrct Works Polcy Insurnce Corporton of the Chnnel Islnds Lmted s lcensed y the Guernsey Fnncl Servces Commsson August 2005

2 Customer Servce At Insurnce Corporton we hve rel commtment to customer cre. We hve ult reputton s n Insurer tht puts our customers frst. You cn help us to mntn ths poston y lettng us know f you consder tht our servce hs een unstsfctory. We m to gve our customers hgh stndrd of servce t ll tmes. If you re unhppy wth our servce for ny reson, you should wrte ntlly to the Busness Mnger of Insurnce Corporton, t the ddress shown on your Polcy Schedule, who wll ensure tht the mtter receves ttenton. If mtters re not resolved to your stsfcton, you re nvted to wrte to: Mngng Drector Insurnce Corporton of the Chnnel Islnds Ltd P O Box 160 Dxcrt House Sr Wllm Plce Guernsey GY1 4EY Insurnce Corporton of the Chnnel Islnds Ltd s regulted y the Guernsey Fnncl Servces Commsson It s possle to choose the lw pplcle to contrct of nsurnce coverng rsk stuted n the Unted Kngdom. We hve chosen pyment of your premum s evdence of cceptnce of our choce. If ny other lw s to pply, t must e greed y oth prtes nd evdenced n wrtng. Your rght s polcyholder to tke legl cton remns unffected y the exstence or use of ny complnts procedure referred to ove. 1

3 Contrct Works Polcy Plese red ths Polcy (nd the Schedule whch forms prt of the Polcy) to ensure t meets your requrements. Insurnce Corporton of the Chnnel Islnds Lmted (referred to n ths Polcy s the Insurers ) nd the Insured gree tht: ) ths Polcy the Schedule (ncludng ny Schedule ssued n susttuton) nd ny endorsements shll e consdered one document nd ny word or expresson to whch specfc menng hs een ttched shll er such menng wherever t ppers ) the Proposl or ny nformton suppled y the Insured shll e ncorported n the contrct c) the Insurer wll provde the nsurnce descred n ths Polcy suject to the terms nd condtons for the Perod of Insurnce shown n the Schedule nd ny susequent perod for whch the Insured shll py nd the Insurer shll gree to ccept the premum Ths Polcy shll e governed y Englsh Lw nd Guernsey Courts shll hve exclusve jursdcton n ny dspute rsng under ths Polcy The Insurers Llty For ll purposes ncludng ut not lmted to the pplcton of the Sums Insured nd consderton of when nd how the Polcy wll respond ll prtes ncluded n the defnton of the nsured shll consttute one Insured or one prty or legl entty so tht there wll e only two prtes to the contrct of nsurnce etween the Insured nd the Insurer The Rght to Cncel ths Polcy Ths Polcy my e cncelled ) y the nsurer sendng seven dys notce y letter to the lst known ddress of the Insured nd n such crcumstnces the Insured shll e enttled to pro rt return of premum ) y the Insured who shll e enttled to return of the premum fter deducton of premum t the Insurer s short perod rtes for the perod the Polcy hs een n force Indemnty to Polcyholders The Insurer ssgns to the Insured the eneft of the ndemnty ssued y the Insurers prent compny Royl & Sun Allnce Insurnce plc Sgned for the Insurers Peter R. Wlpole, ACII, FIRM Mngng Drector Insurnce Corporton of the Chnnel Islnds Ltd For rsks wrtten from the Blwck of Jersey or Blwck of Guernsey the Insurnce Contrct s governed y Jersey Lw or Guernsey Lw respectvely 2

4 Defntons The words or phrses where used n the Polcy strtng wth cptl letter shll hve the followng menng wthn the Secton n whch they pper 1 Busness for the purpose of ths nsurnce s only s descred n the Schedule ut t shll nclude the provson of cterng socl sports nd welfre fcltes for Employees fre frst-d nd mulnce servces nd prvte work undertken wth the consent of the Insured y n Employee for drector prtner or Employee of the Insured 2 Constructonl Plnt mens tools tckle nd contrctors plnt nd equpment the property of the Insured or hred to hm under hre purchse greement tken or ntended to e tken on to the Contrct Ste for use n connecton wth the Insured Contrct ut excludng ny mechnclly propelled vehcle nd ny trler ttched thereto other thn ny such vehcle not more specfclly nsured nd whch s not lcensed for rod use nd used n crcumstnces whch do not requre nsurnce or securty under ny rod trffc legslton or desgned or dpted prmrly for use s tool of trde ny crft desgned to trvel n on or through wter r or spce (other thn work ots sfety ots nd pontoons where such crft do not exceed sx metres n length) or Property permnently fxed thereto 3 Contrct Works mens the permnent nd temporry works formng prt of the Insured Contrct ncludng mterls ncorported or to e ncorported theren ll the property of the Insured of for whch he s responsle ut not Contrct Works of prototype or expermentl nture unless the pror consent of the Insurers hs een gven to the nsurnce thereof 4 Dmge ncludes loss of 5 Employee mens ny person under contrct of servce or pprentceshp wth the Insured or ny person suppled to or hred or orrowed y the Insured whle engged n the course of the Busness 6 Employees Effects mens tools nd personl effects the property of ny Employee or for whch he s responsle not eng motor vehcles gold or slver rtcles wtches jewellery or money 7 Fnncl Loss mens pecunry loss cost or expense ncurred y ny person other thn the Insured resultng from escpe or dschrge of ny sustnce or gs from ny premses the property of or n the occupton of the Insured stoppge of or nterference wth pedestrn vehculr rl r or wterorne trffc not cused y goods sold or suppled other thn goods n the custody or control of the Insured 8 Free-ssue Mterls mens ny mterls ncorported or to e ncorported n the Contrct Works suppled y the Prncpl nd/or hs gents nd for whch the Insured s responsle The Insured shll nclude the totl vlue of ll such Free-ssue Mterls n ny declrton requred y the Insurers under Polcy Condton 10 (Adjustment of Premum) 9 Hred Plnt mens Constructonl Plnt nd/or Temporry Buldngs hred to the Insured not under hre purchse greement nd whch re the responslty of the Insured under the terms of hs hrng greement or otherwse 10 Injury mens odly njury nd ncludes deth nd dsese 11 Insured mens ny person or ny compny regstered n the Chnnel Islnds Unted Kngdom the Repulc of Irelnd or the Isle of Mn nd descred n the Schedule 12 Prncpl mens ny prty (other thn drector prtner or Employee of the Insured) on whose ehlf the Insured n the course of the Busness s undertkng work 13 Property mens mterl property 3

5 14 Temporry Buldngs mens ste huts nd other temporry ccommodton nd ther contents ll the property of the Insured or hred to hm under hre purchse greement for use n connecton wth the Insured Contrct 15 Terrtorl Lmts mens the Chnnel Islnds or s otherwse descred n the Schedule n respect of the Pulc Llty Secton only elsewhere n the world n respect of ny ct or omsson occurrng wthn the terrtores specfed n 15 ove the cts or omssons of persons normlly resdent n the terrtores specfed n 15 ove ut temporrly engged other thn n mnul lour n the Busness outsde such terrtores 4

6 Contrct Works Secton A COVER The Contrct Works The Insurers wll y pyment or t ther opton y rensttement or repr ndemnfy the Insured n respect of Dmge to the Contrct Works hppenng durng the Perod of Insurnce wthn the Terrtorl Lmts from ny cuse not herenfter excluded Provded tht cover n respect of ny one Insured Contrct shll cese on expry of ny Mntennce or Defects Llty Perod (not exceedng twelve months) under ny stndrd prnted form of contrct condtons pplyng to the Insured Contrct n the sence of ny such Mntennce or Defects Llty Perod on the ssue of certfcte of completon or tkng over certfcte on completon of constructon or erecton nd testng (f ny) or on the use or occupton of the Contrct Works y the Prncpl the Insured shll demonstrte tht Dmge occurrng durng ny Mntennce or Defects Llty Perod (or fter expry of the frst fourteen dys of the Mntennce Perod n connecton wth n Insured Contrct performed under the I.C.E. Condtons of Contrct) s the responslty of the Contrctor under stndrd prnted form of contrct condtons pplyng to the Insured Contrct nd hs rsen from cuse occurrng pror to the commencement of the Mntennce or Defects Llty Perod or hs een occsoned y the Contrctor n the course of ny opertons crred out y hm durng the Mntennce or Defects Llty Perod for the purposes of mkng good defects n the Contrct Works or otherwse fulfllng hs olgtons under the sd contrct condtons Indemnty to Prncpl The Insurers wll ndemnfy n the terms of ths Secton ny Prncpl to the extent tht the contrct etween the Insured nd such Prncpl so requres Lmt of Llty The Insurers llty n respect of ny one Insured Contrct shll not exceed the sum specfed n the Schedule whch my e ncresed y n mount not exceedng twenty per cent should the orgnl estmted contrct prce of the Insured Contrct (ncludng the vlue of Free-ssue Mterls) ncrese y such n mount The Lmt of Llty shll not e reduced y the mount of ny clm ut n ddtonl premum shll e pyle whch ddtonl premum shll e dsregrded for the purpose of ny djustment of premum under Condton 10 of ths Polcy B EXTENSIONS The Insurers wll n ddton to the Lmt of Llty py Ders Removl costs nd expenses necessrly ncurred y the Insured wth the consent of the Insurers n c removng ders from dsmntlng nd/or demolshng shorng up or proppng of the Contrct Works lost or dmged from ny cuse ndemnfle y ths Secton of the Polcy The llty of the Insurers under ths Extenson shll n no cse exceed ten per cent of the Lmt of Llty 5

7 Professonl Fees Archtects surveyors consultng engneers or other professonl fees necessrly ncurred n the rensttement of the Contrct Works consequent upon dmge thereto ut not for preprng ny clm The mount pyle for such fees shll not exceed those uthorsed y the pproprte professonl ody C EXCEPTIONS The Insurers shll not e lle n respect of 1 Defects the cost of replcement or rectfcton of ny porton of the Contrct Works rendered necessry y defects of mterl workmnshp desgn pln or specfcton nd should Dmge occur to ny porton of the Contrct Works contnng ny of the sd defects the cost of replcement or rectfcton whch s herey excluded s tht cost whch would hve een ncurred f replcement or rectfcton of the sd porton of the Contrct Works hd een put n hnd mmedtely pror to the sd Dmge 2 Deeds nd Bonds deeds onds lls of exchnge promssory notes csh nk notes cheques stmps or securtes for money 6

8 Contrctors Plnt Secton A COVER Dmge to Constructonl Plnt Temporry Buldngs nd Employees Effects The Insurers wll y pyment or t ther opton y rensttement or repr ndemnfy the Insured n respect of Dmge to c Constructonl Plnt Temporry Buldngs Employees Effects t the Contrct Ste hppenng durng the Perod of Insurnce wthn the Terrtorl Lmts from ny cuse not herenfter excluded Indemnty to Prncpl The Insurers wll ndemnfy n the terms of ths Secton ny Prncpl to the extent tht the contrct etween the Insured nd such Prncpl so requres Lmts of Llty The Insurers llty shll not exceed n respect of Dmge to Constructonl Plnt nd Temporry Buldngs the sums specfed n the Schedule n respect of Dmge to Employees Effects rsng from ny one occurrence the sum specfed n the Schedule n respect of ny one Employee The Lmts of Llty n respect of Constructonl Plnt nd Temporry Buldngs shll not e reduced y the mounts of ny clms ut n ddtonl premum shll e pyle whch ddtonl premum shll e dsregrded for the purpose of ny djustment of premum under Condton 10 of ths Polcy B EXCEPTIONS The Insurers shll not e lle n respect of 1 Brekdown or Exploson dmge to ny tem of Constructonl Plnt cused y ts own electrcl or mechncl rekdown or ts own exploson 2 Tyres dmge to tyres y the pplcton of rkes or y cuts ursts or punctures 3 Frost dmge cused y frost or freezng 7

9 Hred Plnt Secton A COVER Dmge to Hred Plnt The Insurers wll ndemnfy the Insured n respect of legl llty under the terms of hs hrng greement or otherwse to py compenston for Dmge to Hred Plnt hppenng durng the Perod of Insurnce wthn the Terrtorl Lmts from ny cuse not herenfter excluded Contnung Hre Chrges In the event of Dmge to Hred Plnt nsured y ths Secton the Insurers wll ndemnfy the Insured gnst legl llty to py contnung hre chrges for perod not n excess of The Mxmum Perod stted n the Schedule Provded tht the terms of ny hrng greement re no more onerous thn the Model Condtons for the Hrng of Plnt of the Constructon Plnt-Hre Assocton Indemnty to Prncpl The Insurers wll ndemnfy n the terms of ths Secton ny Prncpl to the extent tht the contrct etween the Insured nd such Prncpl so requres Lmt of Llty The Insurers llty shll not exceed n respect of ny one occurrence rrespectve of the numer or mount of clms thence rsng the sum specfed n the Schedule In ddton the Insurers wll where legl proceedngs hve een defended wth ther wrtten consent py ll legl expenses for whch the Insured my e lle B EXCEPTIONS The Insurers shll not e lle n respect of 1 Tyres dmge to tyres cused y the pplcton of rkes or y cuts ursts or punctures 2 Frost dmge cused y frost or freezng 8

10 Pulc Llty Secton A COVER Indemnty to Insured 1 In the event of Injury to ny person other thn n Employee Dmge to Property other thn Property elongng to the Insured or n hs custody or control or Property n the custody or control of ny Employee hppenng durng the Perod of Insurnce wthn the Terrtorl Lmts nd cused n connecton wth the Busness the Insurers wll ndemnfy the Insured gnst legl llty for dmges nd clmnt s costs nd expenses ncurred n respect of such Injury or Dmge In Prgrph 1 the expresson custody or control shll not pply to ny uldng (ncludng ts fxtures fttngs nd contents) provded tht n respect of ny uldng whch s lesed hred or rented to the Insured the Insurers shll not e lle n respect of Dmge to ts contents the frst 100 of ech nd every clm for Dmge cused other thn y fre or exploson such mount eng n ddton to the Insured s Retned Llty specfed n the Schedule s pplyng to ths Secton llty rsng solely ecuse of contrct vstors drectors prtners nd Employees personl effects ncludng motor vehcles nd ther contents 2 If the Insured comprses more thn one prty (whch term n the cse of prtnershp ncludes ech ndvdul prtner) the Insurers wll ndemnfy ech n the terms of ths Secton gnst llty ncurred to the other s f such other ws not ncluded s n Insured 3 The Insurers wll n ddton py dvoctes nd/or solctors fees for representton t ny Coroner s Inquest or ftl nqury or Court of Summry Jursdcton n respect of ny event whch my e the suject of ndemnty under ths Secton costs nd expenses ncurred wth ther wrtten consent Indemnty to Prncpl nd Other Persons The Insurers wll ndemnfy n the terms of ths Secton of the Polcy ny Prncpl to the extent tht the contrct etween the Insured nd such Prncpl so requres n respect of llty rsng from the performnce of work on ehlf of such Prncpl f the Insured so requests ny drector or Employee n respect of llty for whch the Insured would hve een enttled to ndemnty f the clm hd een mde gnst hm ny offcer or memer of the Insured s cnteen socl sports or welfre orgnstons nd fre frst-d nd mulnce servces c the legl personl representtves of ny person enttled to ndemnty under ths Secton n respect of llty ncurred y tht person If the Insurers re lle to ndemnfy more thn one prty the totl mount of ndemnty to ll such prtes ncludng the Insured shll not exceed the Lmt of Llty 9

11 Fnncl Loss The Insurers wll ndemnfy the Insured gnst legl llty ncurred y the Insured durng the Perod of Insurnce n respect of Fnncl Loss Suject otherwse to the terms of ths Secton Llty for Motor Accdents Notwthstndng Excepton 3 nd provded the Insured s not more specfclly nsured under ny other polcy the Insurers wll ndemnfy the Insured n the terms of ths Secton n respect of Injury Dmge or Fnncl Loss cused y ny motor vehcle whch s owned y or n the possesson of or eng used y or on ehlf of the Insured whch s not lcensed for rod use nd whch s eng used n crcumstnces whch do not requre nsurnce or securty under ny rod trffc legslton or desgned or dpted prmrly for use s tool of trde ut ths ndemnty shll not pply to llty n respect of whch ny rod trffc legslton requres nsurnce or securty rsng durng the ct of lodng or unlodng motor vehcle or the rngng to or tkng wy of lod from such vehcle Insured s Motor Contngent Llty Notwthstndng Excepton 3 the Insurers wll ndemnfy the Insured nd no other person n the terms of ths Secton n respect of Injury Dmge or Fnncl Loss rsng out of the use of ny motor vehcle not the property of or provded y the Insured nd eng used n the course of the Busness The Insurers shll not e lle n respect of Dmge to ny such vehcle Injury Dmge or Fnncl Loss rsng whle such vehcle s eng drven y the Insured Provded tht the Insurers shll not e lle under ths Su-Secton f the Insured s enttled to ndemnty under ny other nsurnce Defectve Premses Act The Insurers wll ndemnfy the Insured n the terms of ths Secton gnst legl llty ncurred y the Insured under Secton 3 of the Defectve Premses Act 1972 or Secton 5 of the Defectve Premses (Northern Irelnd) Order 1975 n respect of Injury or Dmge occurrng wthn perod of seven yers from the expry or cncellton of ths Secton Provded tht the Insurers shll not e lle under ths Su-Secton f the Insured s enttled to ndemnty under ny other nsurnce Lmt of Llty The Insurers llty shll not exceed n respect of ny clm or numer of clms rsng out of one cuse the sum specfed n the Schedule 10

12 Pulc Llty Secton B EXCEPTIONS The Insurers shll not e lle n respect of 1 Contrctul Llty ny llty for ny mount n respect of lqudted dmges fnes or penltes Fnncl Loss whch ttches solely ecuse of contrct 2 Defectve Work nd Goods the cost of rectfyng defectve work Dmge to or the cost of reprng or replcng goods sold or suppled 3 Vehcles nd Crft Injury Dmge or Fnncl Loss rsng out of the use of or cused y ny crft desgned to trvel n on or through wter r or spce (other thn work ots sfety ots nd pontoons where such crft do not exceed sx metres n length) or ny motor vehcle whch s owned y or n the possesson of or eng used y or on ehlf of the Insured 4 Delerte Act or Omsson Injury Dmge or Fnncl Loss whch results from ny delerte ct or omsson of the Insured hs prtners or drectors or mngerl Employees nd whch could resonly hve een expected hvng regrd to the nture nd crcumstnces of such ct or omsson Ths Excepton shll lso pply n respect of ny delerte ct or omsson of ny other person clmng ndemnty ut only so fr s ndemnty to such person s concerned 5 Prncpl s Professonl Rsk ny llty for Injury Dmge or Fnncl Loss whch ttches solely ecuse of contrct nd rses out of or n connecton wth the exercse y ny Prncpl or ny person ctng for hm or on hs ehlf hvng professonl qulfctons of professonl skll ssocted wth such qulfctons 6 Other Sectons the cost of reprng or replcng Dmge to Property (ut not other pecunry loss consequent upon such Dmge) where such Dmge s the suject of nsurnce under ny other Secton of ths Polcy 11

13 Generl Exceptons The nsurers shll not e lle n respect of Excepton A Rdoctve Contmnton loss or destructon of or dmge to ny property whtsoever or ny loss or expense whtsoever resultng or rsng therefrom or ny consequentl loss ny legl llty of whtsoever nture drectly or ndrectly cused y or contruted to y or rsng from onsng rdtons or contmnton y rdoctvty from ny nucler fuel or from ny nucler wste from the comuston of nucler fuel the rdoctve toxc explosve or other hzrdous propertes of ny explosve nucler ssemly or nucler component thereof Excepton B Wr ny consequence of wr nvson ct of foregn enemy hostltes (whether wr e declred or not) cvl wr reellon revoluton nsurrecton mltry or usurped power The followng Exceptons pply to ll Sectons other thn the Pulc Llty Secton Excepton C Grdul Deterorton the cost of rectfcton or mkng good of wer nd ter grdul deterorton rust oxdston corroson or eroson Excepton D Se nd Ar Trnst Dmge to Insured Property n trnst y se or r Excepton E Unexplned Losses loss of the Insured Property or ny prt thereof due to ts eng stolen or otherwse mssng unless such loss s dentfle y the Insured wth specfc occurrence whch hs een notfed under the terms of Condton 5 of ths Polcy Excepton F Consequentl Losses lqudted dmges penltes for dely or detenton or n connecton wth gurntees of performnce or effcency or loss of use or ny other form of consequentl loss not specfclly provded for Excepton G Sonc Bngs loss destructon or dmge drectly occsoned y pressure wves cused y rcrft or other erl devces trvellng t sonc or supersonc speeds Excepton H Terrorsm nd Northern Irelnd Excluson Dmge n Gret Brtn y fre or exploson occsoned y or hppenng through or n consequence drectly or ndrectly of Terrorsm except to the extent stted n the Specl Provson Terrorsm Dmge n Northern Irelnd occsoned y or hppenng through or n consequence drectly or ndrectly of rot cvl commoton nd (except n respect of dmge y fre or exploson) strkers locked-out workers or persons tkng prt n lour dsturnces Terrorsm In ny cton sut or other proceedngs where the Insurer lleges tht y reson of ths defnton ny Dmge s not covered y ths polcy (or s covered only up to specfed lmt of llty) the urden of provng tht such dmge s covered shll e upon the Insured 12

14 Defntons For the purposes of ths polcy Terrorsm shll men ny ct of ny person ctng on ehlf of or n connecton wth n orgnston wth ctvtes drected towrds the overthrowng or nfluencng of ny government de jure or de fcto y force or volence The words Gret Brtn shll men Englnd nd Wles nd Scotlnd ut not the terrtorl ses djcent thereto s defned y the Terrtorl Se Act 1987 or the Chnnel Islnds or the Isle of Mn 13

15 Condtons Condton 1 Complnce wth Polcy Terms The llty of the Insurers wll e condtonl on the Insured complyng nd s pproprte ny other person enttled to ndemnty complyng s though he were the Insured wth the terms of ths Polcy Condton 2 Chnge n Rsk If there s ny mterl chnge n the rsk nsured durng the Perod of Insurnce or f ny defects or condtons of workng re dscovered whch render the rsk more thn usully hzrdous the Insured shll forthwth notfy the Insurers nd tke such precutons s crcumstnces my requre In the event of stoppge of work y the Contrctor on Contrct Ste from ny cuse for perod of nnety consecutve dys cover under ths Polcy shll e suspended t the end of the nneteth dy n respect of Dmge to Insured Property nd/or llty rsng t tht Contrct Ste unless ts contnunce e greed to n wrtng y the Insurers Condton 3 Resonle Precutons The Insured shll tke nd cuse to e tken ll resonle precutons for the sfety of the Insured Property nd to prevent Injury Dmge or Fnncl Loss to ny thrd prty The Insurers representtves shll hve ccess t ll resonle tmes to the Contrct Ste nd the Insured Property Condton 4 Seres Loss If the development or dscovery of defect n ny of the Contrct Works shll ndcte or suggest tht smlr defect exsts n other prts of the Contrct Works the Insured shll forthwth nvestgte nd f necessry rectfy the defect n such other prts t hs own expense or lterntvely er ll loss rsng out of the sd defect Condton 5 Clms Procedure nd Requrements On the hppenng of ny event gvng rse or lkely to gve rse to clm under ths Polcy comng to the knowledge of the Insured the Insured shll c d dvse the Insurers thereof s soon s possle nd supply n wrtng ll such prtculrs nd proofs of clms s my e resonly requred y the Insurers preserve ny dmged or defectve Insured Property for nspecton y the Insurers offcls n the cse of Insured Property lost stolen or wlfully dmged tke ll prctcle steps (ncludng the gvng of mmedte notce to the Polce) to dscover the gulty person nd to trce nd recover the mssng Insured Property n the cse of ny cvl proceedngs or clm or potentl clm upon the Insured y thrd prty forwrd mmedtely nd uncknowledged to the Insurers every reltve letter clm wrt or other document The Insured my not ndon ny Insured Property to the Insurers ccept pyment ncur expenses dmt llty promse pyment or mke ny rrngement concernng settlement of clm wthout the wrtten consent of the Insurers Condton 6 Rghts of Recourse In the event of clm the Insured shll permt the Insurers t ther own dscreton nd expense to tke ll necessry steps for enforcng ny rghts nd remedes gnst other prtes n the nme of the Insured efore or fter meetng the Insured s clm 14

16 Condton 7 Insurers Rghts Pulc Llty Secton In the event of clm under the Pulc Llty Secton of ths Polcy the Insurers re enttled to tke over nd conduct the defence or settlement of ny such clm t ther dscreton the Insurers my t ny tme py the Lmt of Llty fter deducton of ny sum or sums lredy pd or ny less mount for whch ny clm or clms cn e settled nd shll then relnqush the conduct nd control thereof nd e under no further llty n respect thereof except for the pyment of costs nd expenses ncurred pror to the dte of such pyment Condton 8 Other Insurnces If the Dmge to Insured Property or llty whch s the suject of clm under ths Polcy s or would ut for the exstence of ths Polcy e nsured under ny other nsurnce the Insurers shll not e lle under ths Polcy except to the extent of ny excess eyond the mount pyle under such other nsurnce hd ths Polcy not een effected Condton 9 Frudulent Clms If clm e mde y or on ehlf of the Insured whch shll e n ny respect unfounded or frudulent or ntentonlly exggerted or f ny flse declrton or sttement e mde n support thereof no clm shll e recoverle hereunder Condton 10 Adjustment of Premum The premum hs een clculted on estmtes suppled y the Insured nd he shll keep n ccurte record of nformton on mtters for whch estmtes hve een gven whch shll e vlle to the Insurers for nspecton Wthn one month of expry of ech Perod of Insurnce the Insured shll supply the Insurers wth true sttement of the prtculrs necessry for ssessment of premum nd should these prtculrs dffer from the estmtes upon whch premum hs een pd the dfference n premum shll e met y further proportonte pyment or refund s the cse my e Flure to supply such prtculrs shll enttle the Insurers to estmte f they so wsh such prtculrs nd to ssess the further premum pyment due clculted on such estmted prtculrs Condton 11 Cncellton Ths Polcy my e cncelled y the Insurers sendng seven dys notce y letter to the lst known ddress of the Insured The Insured shll e enttled to pro rt return of premum y the Insured who shll e enttled to return of the premum fter deducton of premum t the Insurers short perod rtes for the perod the Polcy hs een n force Condton 12 Cncellton of Monthly Premums If ths Polcy s ssued or renewed on the ss of Monthly Premums the llty of the Insurers wll cese n the event of non-pyment of ny Monthly Premum on ts due dte ut efore cncellton tkes effect the Insurers wll send seven dys notce y letter to the lst known ddress of the Insured 15

17 Endorsements These endorsements re opertve n respect of ny secton of ths polcy only f the numer nd ttle set gnst them pper n the schedule to tht secton nd re ech suject otherwse to the terms exceptons nd condtons of ths polcy Endorsement 1 Contrct Prce Lmtton The ndemnty provded shll not pply to ny contrct where the orgnl estmted contrct prce (ncludng the vlue of Free-ssue Mterls) exceeds the sum specfed n the Schedule gnst ths Endorsement Endorsement 2 Excluded Contrcts The ndemnty provded shll not pply to ny contrct nvolvng c d work n on over or djcent to wter rdges flyovers or vducts other thn for the surfcng or resurfcng of rods thereon dms tunnels exceedng ten metres n length Endorsement 3 Specultve Buldng The constructon for sle or lettng out y the Insured of prvte dwellngs consstng of not more thn three floors nd sngle storey domestc uldngs ncllry thereto s deemed to e n Insured Contrct nd the ndemnty provded y the Contrct Works Secton of ths Polcy n respect of Dmge to such uldngs s extended to pply eyond completon of constructon s follows Prvte dwellngs not eng show houses for perod of not more thn sx months or untl the dte of sle or lettng out whchever s the erler Show houses (ncludng ther contents) untl the dte of sle or lettng out Endorsement 4 Testng Cover Perod Lmtton The perod of cover y the Contrct Works Secton of ths Polcy n respect of Dmge rsng out of the testng of the Contrct Works pror to the dte of ssue of tkng over certfcte shll e lmted to perod whch n the ggregte for ech Insured Contrct shll not exceed from the dte of commencement of testng the perod specfed n the Schedule gnst ths Endorsement Endorsement 5 Expedtng Expenses The nsurnce y the Contrct Works Secton of ths Polcy s extended to cover ny extr costs ncurred n respect of express delvery rfreght overtme Sundy nd holdy rtes of wges n connecton wth reprs or replcements ndemnfle y the Contrct Works Secton of ths Polcy The llty of the Insurers under ths Endorsement shll n no cse exceed ffty per cent of the mount whch the repr or replcement would hve cost f these expenses hd not een ncurred Endorsement 6 Insured s Retned Llty In respect of ny clm or numer of clms rsng from one cuse the mount pyle y the Insurers n respect of Dmge to Property under the Pulc Llty Secton of ths Polcy Dmge to ech Item of Insured Property under the other Sectons of ths Polcy shll e reduced y the mount(s) specfed n the Schedule s the Insured s Retned Llty 16

18 Endorsement 7 JCT Cluse Prncpl s Own Property Where the requrements of Cluse of the JCT Stndrd Form of Buldng Contrct 1980 Edton or Cluse 19(2) () of the RIBA Condtons of Contrct 1963 Edton (July 1971 or lter Revson) pply to ny contrct nsured y ths Polcy the Pulc Llty Secton of the Polcy s extended to ndemnfy the Insured nd the Prncpl n ccordnce wth the requrements of the sd Cluses n respect of ny expense llty loss clm or proceedngs whch the Prncpl my ncur or sustn y reson of Dmge to ny Property elongng to the Prncpl or n hs custody or control cused y collpse susdence vrton wekenng or removl of support or lowerng of ground wter rsng out of or n the course of or y reson of the crryng out of the sd contrct Provded tht c d the Insured n undertkng contrct necessttng the cover provded y ths Endorsement shll dvse the Insurers t the erlest possle moment nd wthn fourteen dys of the dte of sgnture of the contrct or dte of commencement of the contrct whchever s the erler nd susequently py the ddtonl premum chrged for ths extenson the llty of the Insurers shll not exceed n the ggregte for the perod of ech contrct the mount specfed n the Schedule s pplcle to ths Endorsement the mount pyle y the Insurers n the ggregte for the perod of ech contrct shll e reduced y the mount specfed n the Schedule s the Insured s Retned Llty pplcle to ths Endorsement the Insurers shll not e lle for Dmge v cused y the neglgence omsson or defult of the Insured hs servnts or gents or of ny su-contrctor hs servnts or gents ttrutle to errors or omssons n the desgnng of the Contrct Works whch s t the rsk of the Prncpl under Cluse 22B or Cluse 22C of the JCT Stndrd Form of Buldng Contrct 1980 Edton or under Cluse 20(B) or Cluse 20(C) of the RIBA Condtons of Contrct 1963 Edton (July 1971 or lter Revson) to ny of the Contrct Works or ny mterl or plnt n use y the Insured or ther su-contrctors n connecton therewth Endorsement 8 Excludng Goods Sold or Suppled The ndemnty provded y the Pulc Llty Secton of ths Polcy shll not pply n respect of Injury or Dmge cused y goods (ncludng contners nd pckgng) sold or suppled other thn food nd drnk sold or suppled through ny fclty or servce mentoned n Defnton 1 goods n the custody or control of the Insured 17