indemnity insurance means insurance against personal liability incurred by any Trustee for an act or omission which is or is alleged to be a breach of trust or breach of duty, unless the act or omission amounts to a criminal offence or the Trustee concerned knew that, or was reckless whether, the act or omission was a breach of trust or breach of duty;
indemnity insurance means insurance against personal liability incurred by any Trustee for an act or omission which is or is alleged to be a breach of trust or breach of duty, but subject to the limitations specified in section 73F(2) Charities Act;
indemnity insurance means insurance against personal liability incurred by any
Examples of indemnity insurance in a sentence
Shall be limited to the minimum amount of Professional Indemnity Insurance the Contractor is required to maintain in accordance with clause 6.15 for any claim or series of claims arising out of one event.
Professional Indemnity Insurance covering claims of up to at least $20 Million for breach of professional duty through negligence, error or omission shall be provided for all staff.
Professional Indemnity Insurance We carry professional indemnity insurance to meet the requirements of the FCA.
SchemeServe shall maintain all mandatory Professional Indemnity Insurance plus all mandatory insurances required by law that are specific to SchemeServe in provision of the Services, copies of which can be provided on request.
Protection and Indemnity Insurance, subject to the insuring clauses of Form SP23, or its equivalent, including pollution liability, crew coverage, transportation, wages, maintenance and cure, Xxxxx Act, Death on the High Seas Act Coverage, Collision Liability and Removal of Wreck and Debris.
More Definitions of indemnity insurance
indemnity insurance means insurance against personal liability incurred by any Trustee for an act or omission which is or is alleged to be a breach of trust or breach of duty;
indemnity insurance means insurance against personal liability incurred by any director for an act or omission which is alleged to be a breach of company or breach of duty, but subject to any limitations specified in the Charities Act 2011;
indemnity insurance means insurance against the costs of a successful defence to a
indemnity insurance means insurance under which the insurer is obliged to indemnify against loss suffered on the occurrence of an insured event.
indemnity insurance. [if Sub-Contractor has a design responsibility] The Sub-Contractor shall maintain professional indemnity insurance covering (inter alia) its potential liability under this Agreement for the given insurance policy year in the event that it breaches its obligations under the Sub-Contract upon market norm terms and conditions prevailing for the time being in the insurance market, and with reputable insurers lawfully carrying out such insurance business in the United Kingdom, in an amount of not less than £[ ] ([ ] million pounds) in respect of each and every claim or series of claims arising out of the same original cause or source (or equivalent), without limit to the number of claims, with lower annual and/or annual aggregate limits of cover in respect of pollution and contamination related claims and similar where such limited cover is the norm for a period beginning now and ending 12 years after the date of completion under the Contract or termination of the Contract if earlier, provided always that such insurance is available at commercially affordable rates and on terms such that a prudent sub-contractor in the Sub-Contractor’s trade who undertakes design would carry such insurance (‘Reasonable Rates and Terms’). Any increased or additional premium required by insurers by reason of the Sub-Contractor’s own claims record or other acts, omissions, matters or things particular to the Sub-Contractor shall be deemed to be within Reasonable Rates and Terms. The Sub-Contractor shall immediately inform the Beneficiary if such insurance ceases to be available upon Reasonable Rates and Terms in order that the Sub-Contractor and the Beneficiary can discuss means of best protecting the respective positions of the Beneficiary and the Sub-Contractor in respect of the Development in the absence of such insurance. The Sub-Contractor shall fully co-operate with any measures reasonably required by the Beneficiary, including (without limitation) completing any proposals for insurance and associated documents, maintaining such insurance at rates above Reasonable Rates and Terms if the Beneficiary undertakes in writing to reimburse the Sub-Contractor in respect of the net cost of such insurance to the Sub-Contractor above commercially affordable rates. As and when reasonably requested to do so by the Beneficiary the Sub-Contractor shall produce for inspection satisfactory documentary evidence (and a copy of an insurance broker’s letter or similar certificate shall be satisf...
indemnity insurance means any supplemental liability insurance policy that
indemnity insurance. Company shall indemnify Lender and Artist and his agents, affiliates, subsidiaries and related entities, against any and all claims, settlements, penalties, damages, expenses, attorney's fees, costs, and judgments obtained against, imposed upon or suffered by Lender and/or Artist by reason of this Agreement, including but not limited to a breach or alleged breach by Company and/or their obligations hereunder and the use and/or content of the materials produced hereunder and the products and services advertised therein and thereby. In addition, Company shall name Lender and Artist as additional insureds under Company's comprehensive general liability insurance policies, including but not limited to products liability, errors and omissions, and an extended liability endorsement (including advertising liability), and shall provide Lender and Artist with certificates of insurance evidencing such coverage, and prior written notice of any termination thereof. Such insurance shall be maintained for the length of the Term, Two Year Option if applicable, Annuity Period, and one year thereafter.