SECTION A: PROFESSIONAL INDEMNITY INSURANCE Allied World ... · PDF file SECTION A: PROFESSIONAL INDEMNITY INSURANCE Allied World Assurance Company, Ltd ProFitSecure (Individual Trainers)

SECTION A: PROFESSIONAL INDEMNITY INSURANCE

Allied World Assurance Company, Ltd

ProFitSecure (Individual Trainers)

Policy Wording

Disclaimer: The information contained in this section, “Section A: Professional Indemnity Insurance” consists of the Policy

terms and conditions under the Professional Indemnity Insurance cover only.

Professional Indemnity Insurance – Civil Liability

PI-2 of 17 ProFitSecure (Individual Trainers) PI 0916

Index

Introduction ..................................................................................................................................... 4

Definitions ........................................................................................................................................ 4 Act of Terrorism ................................................................................................................................................................ 4 Claim ................................................................................................................................................................................ 4 Compensation ................................................................................................................................................................... 4 Company........................................................................................................................................................................... 4 Documents........................................................................................................................................................................ 4 Excess ............................................................................................................................................................................... 4 Insured ............................................................................................................................................................................. 5 Limit of Indemnity ............................................................................................................................................................. 5 Period of Insurance ........................................................................................................................................................... 5 Policy ................................................................................................................................................................................ 5 Principal ............................................................................................................................................................................ 5 Professional Services ......................................................................................................................................................... 5 Proposal ............................................................................................................................................................................ 5 Retroactive Date ............................................................................................................................................................... 5 Schedule ........................................................................................................................................................................... 5 Trade Practices Legislation ................................................................................................................................................ 5

Insurance Preamble ......................................................................................................................... 6 Insuring Clause ................................................................................................................................. 6 Aggregation of Claims ....................................................................................................................................................... 6 Insured’s Costs .................................................................................................................................................................. 6 Limit of Indemnity ............................................................................................................................................................. 6

Insurance Clarification ..................................................................................................................... 6 Contractual Liability .......................................................................................................................................................... 6 Defamation ....................................................................................................................................................................... 7 Intellectual Property.......................................................................................................................................................... 7 Trade Practices Legislation ................................................................................................................................................ 7

Automatic Extensions ...................................................................................................................... 7 Compensation for Court Attendance ................................................................................................................................. 7 Continuous Cover .............................................................................................................................................................. 8 Breach of Professional Confidentiality ............................................................................................................................... 8 Extended Reporting Period ................................................................................................................................................ 8 Inquiry Costs ..................................................................................................................................................................... 9 Insured’s Costs in Addition ................................................................................................................................................ 9 Lost Documents .............................................................................................................................................................. 10 Newly Created Subsidiaries or Acquired Entities .............................................................................................................. 10 Principals Previous Business ............................................................................................................................................ 11 Public Relations Expenses ................................................................................................................................................ 11 Reinstatement of Limit of Indemnity ............................................................................................................................... 12 Spousal Liability .............................................................................................................................................................. 12

Exclusions ....................................................................................................................................... 12 Asbestos ......................................................................................................................................................................... 12

Professional Indemnity Insurance – Civil Liability

PI-3 of 17 ProFitSecure (Individual Trainers) PI 0916

Assumption of Liability .................................................................................................................................................... 13 Bodily Injury .................................................................................................................................................................... 13 Controlling or Financial Interests ..................................................................................................................................... 13 Directors and Officers Liability ......................................................................................................................................... 13 Dishonest, Fraudulent or Criminal Acts ............................................................................................................................ 13 Employers’ Liability ......................................................................................................................................................... 13 Fines, Penalties, Punitive or Exemplary Damages ............................................................................................................. 13 Liquidated Damages ........................................................................................................................................................ 13 Prior Claims Or Known Circumstances ............................................................................................................................. 13 Property Damage ............................................................................................................................................................ 14