How To Get Insurance In The Uk

Transcription

1 for Technology Liability Information & Communications FLEXIWRITE PROPOSAL MASTER Contents A. NOTICE TO THE PROPOSED INSURED B. JURISDICTION NOTICE C. DETAILS OF APPLICANT D. DETAILS OF BUSINESS E. FINANCIAL DETAILS F. CLAIMS DETAILS G. YEAR 2000 H. DETAILS OF INSURANCE COVER I. COVER REQUIRED J. DECLARATION K. OFFICE DETAILS

2 for Technology Liability Information & Communications FLEXIWRITE PROPOSAL MASTER A. NOTICE TO THE PROPOSED INSURED 1. Disclosure of Relevant Facts Your Duty of Disclosure Before you enter into a contract of general insurance with an insurer, you have a duty, to disclose to the Insurer every matter which you know, or could reasonably be expected to know, is relevant to the insurer s decision to accept the risk of the insurance and, if so, on what terms. You have the same duty to disclose these matters to us before you renew, extend, vary or reinstate a contract of insurance. Your duty however does not require disclosure of a matter; that diminishes the risk to be undertaken by the insurer; that is common knowledge; that the insurer knows or, in the ordinary course of business as an insurer, ought to know; as to which compliance with your duty is waived by the insurer. Non-Disclosure If you fail to comply with your duty of disclosure, the insurer may be entitled to reduce its liability under the contract in respect of a claim or may cancel the contract. If your non-disclosure is fraudulent, the insurer may also have the option of avoiding the contract from its beginning. Comment The requirement of full and frank disclosure of anything which may be material to the risk for which you seek cover (eg. claims, whether founded or unfounded), or to the magnitude of the risk, is of the utmost importance with this type of insurance. It is better to err on the side of caution by disclosing anything which might conceivably influence the insurer s consideration of your application 2. Claims Made Policy (Section A only) The application for errors or omission cover is for a claims made policy of insurance. This means that the policy covers you for claims made against you and notified to the insurer during the period of cover. This policy does not provide cover in relation to: events that occurred prior to the retroactive date of the policy (if such a date is specified); claims made after the expiry of the period of cover even though the event giving rise to the claim may have occurred during the period of cover; claims notified or arising out of facts or circumstances notified (or which ought reasonably to have been notified) under any previous policy; claims made, threatened or intimated against you prior to the commencement of the period of cover; facts or circumstances which you first became aware prior to the period of cover, and which you knew or ought reasonably to have known had the potential to give rise to a claim under this policy; claims arising out of circumstances noted on the proposal/application form for the current period of cover or on any previous proposal/application form. 1

3 However, where you give notice in writing to the insurer of any facts that might give rise to a claim against you as soon as reasonably practicable after you become aware of those facts but before the expiry of the period of cover, the policy will, subject to the terms and conditions, cover you notwithstanding that a claim is only made after the expiry of the period of cover. You should familiarise yourself with our standard form of policy for this type of cover before submitting this application. 3. Average Provision The policy provides that if a payment in excess of the limit of Indemnity available under the policy has to be made to dispose of a claim, the insurer s liability for costs and expenses incurred with its consent shall be such proportion thereof as the amount of indemnity available under this policy bears to the amount paid to dispose of the claim. 2

4 B. JURISDICTION STATEMENT (PREAMBLE) This proposal form is only for use in the following jurisdictions: Indonesia, Japan, Macau, Malaysia, Micronesia, Philippines, Papua New Guinea, Singapore, Thailand and Vietnam. For other jurisdictions, please contact your local QBE office for the relevant proposal form. In addition to the Notice to the Proposed Insured (see Section A.) please refer to the table below for the regulatory statement that is relevant to the jurisdiction from which you will be making your application. REGULATORY STATEMENTS If you have accessed this document from a country indicated below, then the regulatory statement appearing beside that country will apply to you. Market Hong Kong Indonesia Japan Macau Malaysia Micronesia Philippines Papua New Guinea Singapore Thailand Vietnam Other Markets Regulatory Statement WARNING: Statement pursuant to Section 149(4) of the Insurance Act 1996 (Act 553) You are to disclose in this proposal form, fully and faithfully, all the facts which you know, otherwise, the policy issued hereunder may be void. Please also refer to the Notice to the Proposed Pursuant to Section 25(5) of the Insurance Act (Chapter 142 Revised Edition as at 1 July 2000) and any subsequent amendments, modifications or re-enactment thereof that insured are to fully and faithfully disclose in the proposal form all the facts and matters which they know or ought to know, otherwise the Policy issued hereunder may be void. Please also refer to the Notice to the Proposed Insured in Section A of this proposal. Warning of Insurance Department Under the Civil & Commercial Code section 865, Insured must answer all questions truthfully. Any non-disclosure or misrepresentation may cause the company to deny claims under the policy. Please also refer to the Notice to the Proposed Do not use this proposal form. Please contact your local QBE office for the proposal form relevant to the jurisdiction of your market. The content and use of this form and any agreement entered into pursuant to this form or any dealing in relation to or arising from this form is governed by the laws of the country in which this form is submitted and in relation to those matters, the parties submit to the jurisdiction of the courts of that country. 3

5 C. DETAILS OF APPLICANT 1. Name(s) in full of all entities to be insured. 2. Address of head/principal office 3. Telephone number Web address: 5. Are you the owner of these premises?...yes 6. Are you a tenant?...yes 7. Address(es) of branch office or other locations 8. Are you the owner of these premises?...yes 9. Are you a tenant?...yes 10. When was the business established?.../.../ Period of Insurance: From.../.../... to.../.../... at 4pm 4

6 D. DETAILS OF BUSINESS 1. Please supply the following details. Names of Partners, Principals and Directors Age Qualifications Date Qualified Period Practicing as Partner, Principal or Director This Practice Previous Practices 2. Please supply total numbers of: (a) Partners/principals/directors... (e) Non-technical administrative staff... (b) Qualified staff... (f) Clerical staff typists, receptionists... (c) Other technical staff... (g) Other staff (please specify)... (d) Trainee staff... TOTAL... If not contained on your website, please enclose curriculum vitaes or resumes for all partners/principals/directors detailing qualifications and a summary of career experience Has the name of the practice ever been changed?...yes 3.2 Has any other practice or business amalgamated or merged with you?...yes 3.3 Have you purchased any other practice or business?...yes If you have answered YES to either part D.1.1, D.1.2 or D.1.3, please supply details. 4. Is any partner, principal or director connected or associated (financially or otherwise) with any other practice or business?...yes If you have answered YES please supply details. 5

7 5. Please provide details of: 5.1 the precise nature of the activities of the business, including primary purpose of software/systems provided, sold or licensed. 5.2 any advice given in relation to the activities of the business. 6. Please detail the approximate percentage of your commission, brokerage, or insurance or other consulting fees derived from the following fields of work: Type of Work Type of Work (a) Hardware sales...% (g) Integration services...% (b) Hardware sales (own developed)...% (h) Maintenance services...% (c) Third party software sales...% (i) Data processing/ warehousing services...% (d) Software sales (own developed)...% (j) Bureau services...% (e) Data communication services (ISP)...% (k) General consultancy...% (f) Telecommunications services...% (l) Other (please describe)...% Addendum form to be completed TOTAL...% 7. Have you previously been, or are you currently, or do you intend to be, within the Period of Insurance, a part of a joint venture, partnership or consortium?...yes If YES, please supply details Joint Venture Details Do you provide, to any third party, any indemnity against infringement of another third party s intellectual property?...yes If YES, please provide copy of the indemnity clause. 6

8 9. Do you have sole legal rights to the intellectual property licensed/sold/shared?...yes If NO, please provide details. 10. Do you act as an agent for any company(s)?...yes If YES, please provide details. Company Software/Hardware/Services provided Percentage of agency in accordance with the agency sales to total turnover Are you involved in system integration/outsourcing contract(s)?...yes If YES, what is the typical project size? Single user location with less than 25 users/sites Multi-user locations with less than 75 users/sites Multi-user location in excess of 76 users/sites 12. Please provide brief description and contract value for the five (5) largest contracts undertaken over the past five (5) years. Brief Description Contract Value ($) Does any contract or client represent more than 50% of your annual work or fees?...yes If YES, please supply details 7

9 14. Do you engage consultants, sub-contractors or agents?...yes If YES, please supply details 14.1 do you insist they carry their own Information & Communication Technology Liability Insurance?...YES 14.2 do you enter into any hold-harmless agreements or otherwise waive any legal rights or entitlements which you may have against such consultants, sub-contractors or agents?...yes 15. Do you have all employees, consultants and subcontractors assign you their intellectual property rights?...yes If YES, please provide copy of standard agreement. 16. Do you envisage any substantial changes in your activities or are there any major new operations contemplated during the next 12 months?...yes 17. Do you perform work outside Hong Kong, or work for clients located overseas?...yes If YES, to 14 or 15 please supply details. 8

10 E. FINANCIAL DETAILS 1. HONG KONG OVERSEAS (a) Annual gross wages (b) Annual gross turnover (c) Largest annual fee for any one client Please provide the approximate percentage of your activities (based on fee income) applicable to each state, territory and overseas. Country HONG KONG ASIA EUROPE USA/CANADA OTHER Percentage of Income...%...%...%...%...% F. CLAIMS DETAILS 1. Has any partner, principal, director or staff member ever been subject to disciplinary proceedings for professional misconduct?...yes If YES, please supply details Have any claims for negligence or breach of professional duty been made in the last ten (10) years against the Practice or any of their predecessors in business or any prior Practice of any of their present or former partners, principals or directors, or have circumstances been notified to insurers that might give rise to a claim?...yes 2.2 Have you had any claims made against you for Information & Communication Technology Liability including Professional Indemnity & Product Liability?...YES If YES to either or please provide the following details in respect of each matter. Name of Amount Paid Is Matter Date Matter Name of Insurer Claimant or Brief description or Estimate of Finalised or Notified (if any) Potential of the Matter Potential outstanding? Claimant Liability

11 3. Are any of the partners, principals or directors, AFTER ENQUIRY, aware of any claim or circumstances that might give rise to a claim against the Practice or any prior Practice or any of their present or former Partners, Principals or Directors which matter is not referred to in question F.2 above?...yes If YES, please provide the following details in respect to each matter. Name of Claimant Brief description Estimate of or Potential Claimant of the Matter Potential Liability G. YEAR If your Year 2000 is not contained on your website please attach a copy to this application. 1.1 Year 2000 Plan contained on website....yes 1.2 Year 2000 Plan attached to application...yes If you do not have a formal Year 2000 Plan please advise why not. 2. Are any of your services, software or hardware provided, sold, licensed, or shared, used or have been used to assist in meeting Year 2000 Conformity?...YES If YES, please fully describe and state the percentage of income received from these services/software/hardware related to your total turnover. H. DETAILS OF INSURANCE COVER Does the Business presently carry, or has it ever carried, Information and Communication Technology Liability Insurance?...YES If YES, please supply details: Insurer:... Expiry Date:... Limit of Indemnity:... Premium:... 10

12 1.2 Has the Business or any partner, principal or director ever been refused this type of insurance, or had similar insurance cancelled, or had an application of renewal declined, or had special terms imposed?...yes If YES, please supply details I. COVER REQUIRED 1. Limit of Liability Deduction/Excess Section A Errors or Omission: HK$... HK$... Section B Bodily Injury/Property Damage HK$... HK$ Please indicate any optional extension for which you seek cover (i) increased aggregate liability (reinstatement)...yes (ii) third party intellectual property coverage...yes 11

13 J. DECLARATION I the undersigned, after enquiry declare as follows: 1. I am authorised by each of the other Applicants to make this Application. 2. I have read and understood the Notice to the Proposed Insured on the front of this Proposal Form. 3. I have read this Application and the accompanying documents and acknowledge the contents of same to be true and complete. 4. I understand that, up until a contract of insurance is entered into, I am under a continuing obligation to immediately inform QBE of any change in the particulars or statements contained in this Application or in the accompanying documents. Although the signing of this Proposal does not bind the Applicants to effect insurance the Applicants acknowledge that the particulars and statements contained in this Application and in the accompanying documents shall be the basis of the contract should a Policy be issued; and further, the Applicants acknowledge that the Application and the accompanying documents will be incorporated in the Policy. Name of Establishment:... Signed:... Partner, Principal or Director:... Date:.../.../... Your Insurance Adviser or Broker 12

14 K. OFFICE DETAILS Licensed insurers providing QBE Specialist Risks Unit products are: Specialist Risks Unit Markets Hong Kong QBE Hongkong & Shanghai Insurance Co. Limited 6/F DCH Commercial Centre 25 Westlands Road, Quarry Bay Hong Kong Tel: Indonesia PT Asuransi QBE Pool Indonesia MidPlaza 2, 23rd floor Jalan Jenderal Sudirman Kav Jakarta Tel: +62 (21) Macau QBE Insurance (International) Limited ABN No , Avenida Da Praia Grande 9 andar B, Edificio Keng Ou Tel: Mainland China QBE Insurance Group Limited Guangzhou Representative Office Unit 1812, South Tower World Trade Centre Huan Shi Dong Road Guangzhou Guangdong Province Tel: +86 (20) Malaysia QBE Insurance (Malaysia) Berhad (J61086-D) (Formerly known as QBE-MBF Insurans Berhad) 15th floor, Bangunan MAS Jalan Sultan Ismail Kuala Lumpur Tel: +60 (3) Papua New Guinea QBE Insurance (PNG) Limited QBE Building Musgrave Street PO Box 814 Port Moresby Tel: Philippines QBE Insurance (Philippines) Inc. 16th floor, Equitable Bank Tower Building 8751 Paseo de Roxas Makati City 1226 Tel: +63 (2) Singapore QBE Insurance (International) Limited ABN Chulia Street #36-01 OCBC Centre (West Lobby) Singapore Tel: Thailand QBE Insurance (Thailand) Company Limited 161/1, 11th 12th floor, SG Tower Building Soi Mahatlekluang 3 Rajdamri Road Lumpinee, Pathumwan Bangkok Tel: +66 (2) Vietnam BIDV-QBE Insurance Company Limited 7th floor, North Star Building 4 Da Tuong Street Hoan Kiem District Hanoi Tel: +84 (4) Other Markets Fiji QBE Insurance (Fiji) Limited QBE Centre Victoria Parade GPO Box 101 Suva Tel: New Zealand QBE Insurance (International) Limited ABN Level 6, Quay Tower 29 Customs Street West Auckland Tel: +64 (9) French Polynesia QBE Insurance (International) Limited ABN Immeuble Galliéni Front de Mer PO Box 283 Papeete, Tahiti Tel: Solomon Islands QBE Insurance (International) Limited ABN st floor, Centrepoint Building Mendana Avenue PO Box 764 Honiara Tel: New Caledonia QBE Insurance (International) Limited ABN Rue Anatole France, BP Noumea-Cedex Noumea Tel: Vanuatu QBE Insurance (Vanuatu) Limited La Casa D Andrea Building Port Villa PO Box 186 Tel: +678 (2) 2299 For literature in use in the markets listed above, please contact the local office. 13