Common use of Motor contingent liability Clause in Contracts

Motor contingent liability. Notwithstanding the exclusion ‘Ownership or use of mechanically propelled vehicles’, we agree to indemnify you in respect of liability arising out of or from the operation or use of any mechanically propelled vehicle not owned, hired or borrowed by or leased to you which is used in the course of business provided that this clause excludes and we will not be liable for: a) damage to such vehicle or to property conveyed therein or thereon, b) bodily injury or damage arising while such vehicle is being driven by; i) any other insured party other than an employee; or ii) any person who to your knowledge or the knowledge of any your directors, officers or managers, does not hold a licence to drive such vehicle; c) bodily injury or damage caused or arising while such vehicle is: i) engaged in racing, pace-making, reliability trials or speed testing; ii) being used outside the European Union; bodily injury or damage in respect of which you or any other insured party is entitled to indemnity under any other insurance.