Amount of Cover. The Reinsured shall retain and be liable for the first USD 5,000,000 of Ultimate Net Loss (regardless of the number of policies or number of insureds under which such loss is payable) arising out of each Loss Occurrence. The Reinsurer shall then be liable for the amount by which such Ultimate Net Loss exceeds the Reinsured’s retention, but the liability of the Reinsurer shall not exceed USD 5,000,000 as respects any one Loss Occurrence, nor shall the Reinsurer’s aggregate liability exceed USD 10,000,000.
Amount of Cover. The Reinsurer shall not be liable for any loss hereunder until the ultimate net loss of the reinsured of the Reinsurer on Part Once Section A losses of a Standard Workers Compensation policy exceeds $1,000,000 inclusive of underlying deductibles where applicable, and then the Reinsurer shall be liable for 100% of the amount of the ultimate net loss sustained by the reinsured on any one loss occurrence in excess of $1,000,000, but the Reinsurer’s liability shall not exceed 100% of $4,000,000 any one occurrence. Furthermore in respect to losses Reinsured shall be liable for under Section B Part Two limit of a Standard Workers Compensation viz. Employer’s Liability only, the Reinsurer will be liable for 100% of difference between $1,000,000 ultimate net loss any one loss occurrence sustained by the Reinsured and $100,000 bodily injury per occurrence, $500,000 policy limit bodily injury per disease and $100,000 bodily injury by disease per employee.
Amount of Cover. (Please ensure a copy of your Current Public Liability Insurance is provided) (Please tick) ************************************* *************************************
Amount of Cover. The minimum amount of professional indemnity insurance required is $2,000,000, with at least one automatic reinstatement of the minimum amount per 12-month period of insurance. <<Guidance note: for contracts considered high risk and where the liability limit is increased, the amount of cover should be increased. The altered amount is to be approved by the appropriate delegated financial authority (with endorsement from the Commercial advisory committee) in accordance with clause 1.8.3 of the of the Contract Procedures Manual (SM021)>>
Amount of Cover. The minimum amount of Public Liability Insurance required is $5,000,000.00.
Amount of Cover. (Please ensure a copy of your Current Public Liability Insurance is provided) Costs per month (plus GST) payable in advance and within 7 days of date of invoice: • Rent / Hire Fee $ • Other Fee $ • Other Fee $ Hirer Home Address (for emergency purposes): ................................................................. Signed for and on behalf of Community Services #1 Authorised Representative: (Name) Signature: ............................................................... Date:.............................................
Amount of Cover. (Please ensure a copy of your Current Public Liability Insurance is provided) Payment to be made by:...... ..Cash ............... . Cheque Direct Deposit (Please tick) ************************************* Hirer Contact Name: ..................................................................................................... ..................................................................................................................................... Phone (bh): .................................................. Phone (ah): ............................................. Fax: ............................................................. Mobile: .................................................... Email: .......................................................... Web: ....................................................... ************************************* Signed for and on behalf of Community Services #1
Amount of Cover. No claim will be made hereunder unless the Reinsured has first sustained, by reason of any one loss occurrence, an ultimate net loss in excess of $1,000,000 as respects workers compensation business, Part One, Section A. Then the Reinsurer shall be liable for 100% occurrence in excess of $1,000,000, but the Reinsurer’s liability shall not exceed 100% of $4,000,000 any one occurrence.” In respect to Section B, Part Two limit of Standard Workers Compensation policy viz Employer’s Liability only, the Reinsurer shall not be liable for any loss hereunder until the Ultimate Net Loss of the Reinsured exceeds $750,000 inclusive of underlying deductibles where applicable, and then the Reinsurer shall be liable for 100% of the amount of the Ultimate Net Loss sustained by the Reinsured on any one loss occurrence in excess of $750,000, but the Reinsurers liability shall not exceed 100% of $1,250,000 any one occurrence and $4,250,000 any one occurrence for risks domiciled in New York only.
Amount of Cover. The minimum amount of public liability insurance required is $5,000,000.00. <<OR (please specify)>> The minimum amount of public liability insurance required is $[XX,XXX.XX]. <<Guidance Note: other amount to be approved by the appropriate delegated financial authority (with endorsement from the Insurance advisory committee) in accordance with the guidance note above>>
Amount of Cover. No claim shall be made under this Agreement unless and until the Company shall have first sustained, as a result of any one risk, and/or in the aggregate where applicable, an ultimate net loss in excess of $500,000 and the Retrocessionaires shall be liable for the amount in excess of $500,000 ultimate net loss, any one risk, and/or in the aggregate where applicable; but the sum recoverable shall not exceed $1,500,000 ultimate net loss any one risk and/or in the aggregate where applicable. It is agreed that the Retrocessionaire shall follow the definitions contained in the policies issued by the Company concerning any references made herein to the term "loss". Notwithstanding the foregoing, it is further understood and agreed that within any contract year the Company shall retain, as a deductible, aggregate loss that would otherwise be recoverable hereunder, equal to 3% of the Company's Gross Net Written Premium Income, withheld for each contract year. However, the sum recoverable by the Company shall not exceed 275.0% of the premium hereunder or $10,000,000, whichever is greater. The Company shall bear a further retention in respect of Section B of the TERM AND CANCELLATION ARTICLE of up to 5% of the Estimated Premium under the 1987 and 1988 Reinsurance Agreement separately but only after paid losses under this Agreement exceed 17% of the Subject Matter Gross Net Written Premium Income. The Company is permitted to purchase facultative, share, or surplus reinsurance in respect of any loss provided that such reinsurance shall inure to the benefit of the Company and/or the Retrocessionaire. It is further understood and agreed that the Company is permitted to have share reinsurance on a ground up basis for special accounts which will be underwritten outside the scope of this Agreement.
