INSURER’S LIABILITY Sample Clauses

INSURER’S LIABILITY. Add With regard to any stock in trade insured by this policy the Insurer’s Liability is limited to the replacement cost at the time and place of replacement. No allowance for any profit is included in the Insurer’s liability for stock in trade. For unspecified equipment the maximum payable per item is limited to $3,000 per item and for all unspecified equipment the Sum Insured shown in the Insurance Certificate for that equipment category. ADDITIONAL EXCLUSIONS Cover will not be available:  For Theft unless the equipment was o in a securely locked portion of any vehicle and the theft was consequent upon forcible and violent entry to the vehicle; o securely and permanently affixed to a building or vehicle and theft is consequent upon violent and forcible entry o in a vehicle and was securely chained or padlocked to that vehicle by an approved lock; o in a securely locked container secured to a vehicle and the theft was consequent upon forcible and violent entry to the container; o in a locked shipping container or other securely locked container which similarly has a design purpose of containing items of value; o in your private residence or the private residence of your employee who has been authorised by you to have the custody and control the property, however, we will not cover any theft by a tenant; o securely locked in a building or any part of the building and the theft is consequent upon forcible and violent entry to the building or that part of the building, however, we will not cover any theft committed by any person while lawfully in the building or while property is unattended in areas of the building; o stolen as a consequence of armed hold-up or the threat of physical violence  If the theft, loss, or accidental damage to the equipment: o occurs as a result of loss of equipment; o occurs as a result of theft of equipment in the open air; o is caused by or arises directly or indirectly out of any testing, intentional overloading or experiments; o is caused by or arises directly or indirectly out of any process of heat treatment, welding, grinding, cutting, drilling, shaping or the application of tools to the equipment; o is caused by, or arises directly or indirectly out of, damaged or faulty doors, lids, catches, latches, locks or any door lid closing or securing mechanism or device; o occurs while equipment is utilised in water, underwater, down hole, or in any pipe, drain or sewer; o is caused by or arises from directly or indirectly out of...
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INSURER’S LIABILITY. (Re)Insurer’s liability several not joint The liability of a (re)insurer under this contract is several and not joint with other (re)insurer s party to this contract. A (re)insurer is liable only for the proportion of liability it has underwritten. A (re)insurer is not jointly liable for the proportion of liability underwritten by any other (re)insurer. Nor is a (re)insurer otherwise responsible for any liability of any other (re)insurer that may underwrite this contract. The proportion of liability under this contract underwritten by a (re)insurer (or, in the case of a Lloyd’s syndicate, the total of the proportions underwritten by all the members of the syndicate taken together) is shown next to its stamp. This is subject always to the provision concerning “signing” below. In the case of a Lloyd’s syndicate, each member of the syndicate (rather than the syndicate itself) is a (re)insurer. Each member has underwritten a proportion of the total shown for the syndicate (that total itself being the total of the proportions underwritten by all the members of the syndicate taken together). The liability of each member of the syndicate is several and not joint with other members. A member is liable only for that member’s proportion. A member is not jointly liable for any other member’s proportion. Nor is any member otherwise responsible for any liability of any other (re)insurer that may underwrite this contract. The business address of each member is Lloyd’s, Xxx Xxxx Xxxxxx, Xxxxxx XX0X 0XX. The identity of each member of a Lloyd’s syndicate and their respective proportion may be obtained by writing to Market Services, Lloyd’s, at the above address or by emailing Market Services, Lloyd’s at xxxxxxxxx@xxxxxx.xxx. Proportion of liability Unless there is “signing” (see below), the proportion of liability under this contract underwritten by each (re)insurer (or, in the case of a Lloyd’s syndicate, the total of the proportions underwritten by all the members of the syndicate taken together) is shown next to its stamp and is referred to as its “written line”. Where this contract permits, written lines, or certain written lines, may be adjusted (“signed”). In that case a schedule is to be appended to this contract to show the definitive proportion of liability under this contract underwritten by each (re)insurer (or, in the case of a Lloyd’s syndicate, the total of the proportions underwritten by all the members of the syndicate taken together). A definitive proport...
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INSURER’S LIABILITY. The Insurer may either repair or replace damaged equipment. Any replacement will be with an item of similar function, type, capacity and serviceability as the insured equipment. The Insurer will not pay more than the lowest of: • The cost of such a replacement item; • The amount for which you have insured the equipment (which will be shown on your Insurance Certificate and Tax Invoice); • The cost of repairing the damaged equipment. If the equipment is repaired, the Insurer will not pay more than the reasonable cost of repairing the damaged equipment.
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INSURER’S LIABILITY. The Insurer’s liability in respect of all claims admitted during the period of Insurance shall not exceed the sum insured, unless otherwise decided by the competent authority for utilization of Corporate Buffer.
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INSURER’S LIABILITY. Add With regard to any stock in trade insured by this policy the Insurer’s Liability is limited to the replacement cost at the time and place of replacement. No allowance for any profit is included in the Insurer’s liability for stock in trade. For unspecified equipment the maximum payable per item is limited to $3,000 per item. ADDITIONAL EXCLUSIONS Cover will not be available if the theft, loss or accidental damage to the equipment: • occurs as a result of loss of equipment; • occurs as a result of theft other than theft resulting from forcible and violent entry evidenced by visible damage to:-
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INSURER’S LIABILITY. Article 14
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INSURER’S LIABILITY. 10. The Landlord hereby expressly releases and discharges the Tenant, its servants, agents and employees, from any claim or cause of action for any loss or damage whatsoever resulting from any fire, smoke or explosion in the Building or the Premises it being the intention of the parties that the Landlord shall look only to its insurance carrier for payment of such loss.
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INSURER’S LIABILITY. The Insurer shall not be deemed to be a party to this Plan, nor shall it be responsible for the validity of this Plan, or for the completion and/or submission of any returns or reports required to be filed by the Trustee, the Employer or the Administrative Committee under the provisions of the Code or ERISA. The Insurer shall, however, furnish to the Trustee, upon request of the Trustee, such information as it may require with respect to the Insurance Contracts to enable the Trustee to complete the annual or more frequent valuation of Plan assets required by Section 5.3 and to file such reports as may be required by ERISA and the Code.
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Related to INSURER’S LIABILITY

  • Reinsurer’s Liability The Reinsurer’s liability with respect to the Reinsured Risks will terminate on the earliest of: (i) the date the Company’s liability with respect to the Reinsured Risks is terminated and all amounts due the Company from the Reinsurer with respect to such Reinsured Risks are paid to the Company by or on behalf of the Reinsurer; and (ii) the date this Agreement is terminated upon the written agreement of the parties.

  • Seller's Liability SELLER’s liability with respect to the Product sold to END USER shall be limited to the warranty provided herein. SELLER shall not be subject to any other obligations or liabilities, whether arising out of breach of contract, warranty, tort (including negligence and strict liability) or other theories of law, with respect to products sold or services rendered by seller, or any undertaking, acts or omissions relating thereto. Without limiting the foregoing, SELLER specifically disclaims any liability for property or personal injury damages, penalties, special or punitive damages, damages for lost profits or revenues, services, down time, shut down or slow down costs, or for any other types of economic loss, and for claims of END USER’s customers or any third party for any such damages. SELLER shall not be liable for and disclaims all consequential, incidental and contingent damages whatsoever.

  • Employers Liability It is expressly agreed and understood that the Employer does not accept, nor is the Employer to be charged hereby with, any responsibility in any manner connected with the determination of liability to any employee claiming under any of the benefits extended by the Health and Welfare Fund. The Employer's liability shall be limited to the contributions indicated under Section 2 above.

  • Employer’s Liability Insurance The Contractor shall also maintain Employer's Liability Insurance Coverage with limits of at least:

  • Workers’ Compensation and Employer’s Liability Insurance The Contractor shall have in effect during the entire life of this Agreement Workers' Compensation and Employer's Liability Insurance providing full statutory coverage. In signing this Agreement, the Contractor certifies, as required by Section 1861 of the California Labor Code, that it is aware of the provisions of Section 3700 of the California Labor Code which requires every employer to be insured against liability for Worker's Compensation or to undertake self-insurance in accordance with the provisions of the Code, and I will comply with such provisions before commencing the performance of the work of this Agreement.

  • Excess Liability Insurance $___________________ minimum required insurance policy for anything other than General Liability or Automobile coverage. ☐ - Additional Insurance Requirement: Client, Contractor, and any other entity which the Contractor is required to name as an additional insured under the Prime Contract shall be named as additional insureds under the General Liability Insurance required by this Section and any such insurance afforded to the additional insureds shall apply as primary insurance. Any other insurance maintained by the Client or Contractor shall be excess insurance and shall not be called upon to contribute to Subcontractor’s primary or excess insurance carrier’s duty to defend or indemnify unless required by law. The excess insurance required above shall also afford additional insured protection to Client and Contractor. This Section shall in no event be construed to require that additional insured insurance coverage be provided to a greater extent than permitted under the statutes or public policy governed under State law. Certificates of Insurance. Certificates of insurance, and the required additional insured and other endorsements, including waivers of subrogation shall be furnished to Contractor before the performance of any Services.

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