Concessionaire or franchisee insurance check. It is a condition precedent to the insurers liability under this insurance that whenever any concessionaire or franchisee operating under licence or trading under the insured’s name or brand on behalf of the insured, the insured will at all times establish, maintain and abide by an administrative procedure for obtaining and storing evidence for the insurer’s inspection that such concessionaire or franchisee effect public liability insurance that: 5.4.1 covers the operations to be undertaken by the concessionaire or franchisee; 5.4.2 is subject to a limit of indemnity of not less than the insured’s own or GBP1,000,000, whichever is the greater, 5.4.3 includes an ‘indemnity to principals’ clause, 5.4.4 the insurance is revalidated every twelve (12) months throughout the duration of their contract with the insured.
Appears in 6 contracts
Samples: Liability Insurance Policy, Liability Insurance Policy, Liability Insurance Policy
Concessionaire or franchisee insurance check. It is a condition precedent to the insurers liability under this insurance that whenever any concessionaire or franchisee operating under licence or trading under the insured’s name or brand on behalf of the insured, the insured will at all times establish, maintain and abide by an administrative procedure for obtaining and storing evidence for the insurer’s inspection that such concessionaire or franchisee effect public liability insurance that:
5.4.1 covers the operations to be undertaken by the concessionaire or franchisee;
5.4.2 is subject to a limit of indemnity of not less than the insured’s own or GBP1,000,000, whichever is the greater,
5.4.3 includes an ‘indemnity to principals’ clause,
5.4.4 the insurance is revalidated every twelve (12) months throughout the duration of their contract with the insured.
Appears in 2 contracts
Samples: Liability Insurance Membership Agreement, Liability Insurance Membership Agreement
