আইএআর পলিসি ওয়ার্ডিং

Bangladesh Industrial All Risks Insurance Policy wording 

This Policy should be read carefully and its terms noted.

The insurer agrees (subject to terms, conditions and exclusions contained herein or endorsed or otherwise expressed hereon which shall so far as the nature of them respectively will permit be deemed to be conditions precedent to the right of the Insured to recover hereunder) that if after payment of the premium any of the property insured be accidentally physically lost destroyed or damaged other than by an excluded cause at any time before 4 o’clock in the afternoon of the last day of the period of insurance or any subsequent period in respect of which the insured shall have paid and the insurer shall have accepted the premium required for the renewal of this policy.

The insurer will pay to the Insured the value of the property at the time of the happening of its accidental physical loss or destruction or the amount of such accidental physical damage (accidental physical loss destruction or damage being hereafter termed damage) or at its option reinstate or replace such property or any part thereof.

Provided that the liability of the Insurer in respect of any one loss or in the aggregate in any one period of insurance shall in no case exceed

• In respect of each item the sum expressed in the schedule to be insured thereon or in the whole the total sum insured hereby
• Any limit of liability shown in the schedule

or such other sum or sums as may be substituted therefore by memorandum hereon or attached hereto signed by or on behalf of the Insurer.

EXCLUSIONS

1. EXCLUDED CAUSES

This policy does not cover

1. Damage to the property insured caused by :

(a)           (i)           faulty or defective design materials or workman-ship inherent vice latent defect gradual deterioration deformation or distortion or wear and tear

1. ii) interruption of the water supply gas electricity or fuel systems or failure or the effluent disposal systems to and from the premises

unless damage by a cause not excluded in the policy ensues and then the Insurer shall be liable only for such ensuing damage.

(b)          (i)            collapse or cracking of building

(ii)           corrosion rust extremes or changes in temperature dampness dryness wet or dry rot fungus shrinkage evaporation loss of weight pollution contamination change in colour flavour texture or finish action of light vermin insects marring or scratching unless such loss is caused directly by damage to the property insured or to premises containing such property by a cause not excluded in the policy.

(c)           (i)            theft except from a building and then only if there is violent or forcible entry to or exit such building

(ii)           acts of fraud or dishonesty

(iii)          disappearance unexplained or inventory shortage misfiling or misplacing of information shortage in supply or delivery of materials or shortage due to clerical or accounting error

(iv)          explosion, cracking, fracturing, collapse or overheating of boilers economizers vessels tubes or pipes nipple leakage or the failure of welds of boilers

(v)           mechanical or electrical breakdown or derangement of machinery or equipment

• bursting, overflowing, discharging or leaking of water tanks apparatus or pipes when the premises are empty or disused

Unless

(vi)          damage by a cause not excluded in the policy ensues and then the insurer shall be liable for such ensuing damage

(vii)        such loss is caused directly by damage to the property insured or to premises containing such property by a caused not excluded in the policy

(d)          (i)            coastal or river erosion

(ii)          subsidence ground heave or landslip

(iii)          normal settlement or bedding down of structure

(iv)         wind rain hail frost snow flood sand or dust to movable property in the open or in open sided buildings or to fences and gates

(v)           the freezing solidification or inadvertent escape of molten material

2. Damage caused by or arising from :

(a)          any willful act or willful negligence on the part of the insured or any person acting on his behalf

(b)          cessation of work delay or loss of market or any other consequential or indirect loss of any kind or description whatsoever

3. Damage occasioned directly or indirectly by or through or in consequence of any of the following occurrence, namely

(a)          war invasion act of foreign enemy hostilities or warlike operations (whether war be declared or not) civil war

(b)          mutiny civil commotion assuming the proportions of or amounting to a popular rising military rising insurrection rebellion revolution to military or usurped power

(c)           acts of terrorism committed by person or persons acting on behalf of or in connection with any organization. This Exclusion A3 (c) shall not apply to damage by fire

For the purpose of this Exclusion A3 (c) “terrorism” means the use of violence for political ends and includes the use of violence for the purpose of putting the public or any section of the public in fear

(d)          (i)            permanent or temporary dispossession resulting from confiscation nationalization commandeering or requisition by any lawfully constituted authority

(ii)           permanent or temporary dispossession of any building resulting from the unlawful occupation of such building by any person

Provided that the insurers are not relieved of any liability to the insured in respect of damage to the property insured occurring before dispossession or during temporary dispossession which is otherwise insured by this policy

• the destruction of property by order of any public authority

In any action, suit or other proceeding where the insurer alleges that by reason of the provisions of Exclusion A3 (a) (b) and (c) above any loss destruction of damage is not covered by this insurance the burden of proving that such loss destruction or damage is covered shall be upon the insured.

4. Damage directly or indirectly caused by or arising or in consequence of or contributed to by:

(a)          nuclear weapons material

(b)          ionizing radiations or contamination by radioactivity from any nuclear fuel or from any nuclear from the combustion of nuclear waste from the combustion of nuclear fuel. Solely for the purpose of this Exclusion A4(b) combustion shall include any self-sustaining process of nuclear fission.

1. EXCLUDED PROPERTY

This Policy does not cover

1. (a)          money, cheques, stamps, bonds, credit cards, securities of any description jewellery, precious stones, precious metals, bullion furs, curiosities, rare books or works of art unless specifically mentioned as insured by this policy and then only in respect of the perils specified below:-

(b)          fixed glass

(c)           glass (other than fixed glass) china earthenware marble or other fragile or brittle objects

(d)          electronic installations computers and data processing equipment

but this shall not exclude damage (not otherwise excluded) caused by fire, lightning, explosion, aircraft, riot, strikes, locked-out works persons taking part in labour disturbances, malicious persons impact by any road vehicle or animals earthquake windstorm flood bursting overflowing discharging or leaking of water tanks apparatus or pipes.

2. Unless specifically mentioned as insured by this policy goods held in trust or on commission documents manuscripts business books computer systems records patterns models moulds plans designs explosives
3. (a)          vehicles licensed for road use (including accessories thereon) caravans trailers railway locomotives or rolling stock watercraft aircraft spacecraft or the like

(b)          property in transit other than within the premises specified in the schedule

(c)           property or structures in course of demolition construction or erection and materials or supplies in connection therewith

(d)          land (including top-soil back-fill drainage or culverts) driveways pavements roads runways railway lines dams reservoirs canals rigs wells pipelines tunnels bridge docks piers jetties excavations wharves mining property underground off-shore property

(e)          livestock growing crops or trees

(f)           property damaged as a result of its undergoing any process

• machinery during installation removal or resiting (including dismantling and re-erection) if directly attributable to such operations
• property undergoing alteration repair testing installation or servicing including materials and supplies therefore if directly attributable to the operations of work being performed thereon unless damage by a cause not otherwise excluded ensues and then the insurer will be liable for such ensuing loss
• property more specifically insured

4. Damage to property which at the time of the happening of such damage is insured by or would but for the existence of this policy be insured by any marine policy or policies except in respect of any excess beyond the amount which would have been payable under the marine policy or policies had this insurance not been effected.
5. Damage to machinery boiler economizers turbines or other vessels machinery or apparatus in which pressure is used or their contents resulting from their explosion or rupture.

UNDER INSURANCE

If the sum insured under this policy be found to be less than 85% of the value of the property at the time of loss, then the insured shall be considered as being his own insurer for the entire difference, and shall bear a rateable proportion of the loss accordingly. Every item, if more than one, of the policy shall be separately subject to this condition.

DEDUCTIBLES

This policy does not cover the amounts of the deductibles stated in the schedule in respect of each and every loss as ascertained after the application of all other terms and conditions of the policy including any condition of average.

Warranted that during the currency of the policy the Insured shall not effect insurance in respect of the amounts of the deductibles stated in the schedule.

 

GENERAL CONDITIONS

 

1. IDENTIFICATION

This policy and the schedule (which forms an integral part of this policy) shall be read together as one contract and words and expressions to which specific meaning have been attached in any part of this policy of the schedule shall bear such specific meanings wherever they shall appear.

2. MISDESCRIPTION

If there be any material misdescription by the Insured or any one acting on his behalf of any of the property hereby insured, or of any building or place in which such property is contained, or of the business or premises to which this insurance refers or any misrepresentation as to any fact material to be known for estimating the risk or any omission to state such fact, the Insurer shall not be liable under this policy for the property affected by any such misdescription, misrepresentation or omission.

3. CANCELLATION

This insurance may be terminated at any time at the request of the Insured, in which case the Insurer will retain the customary short period rate for the time the Policy has been in force. This insurance may also be terminated at the option of the insurer on notice to that effect being given to the insured, in which case the insurer shall be liable to repay on demand a rateable proportion of the premium for the unexpired term from the date of the cancellation.

4. FORFEITURE

All benefit under this Policy shall forfeited

(a)          If any claim made under this Policy be in any respect fraudulent or if any false declaration be made or used in support there of, or if any fraudulent means or devices are used by the insured or any one acting on his behalf to obtain any benefit under this Policy

or

(b)          If any claim be made and rejected and an action or suit be not commenced within three months after such rejection, or (in the case of an arbitration taking place in pursuance of Condition No. 7 of this Policy) within three months after the arbitrator or arbitrators or umpire shall have made their award.

 

5. SUBROGATION

Any  claimant under this policy shall, at the expense of the Insurer do, and concur in doing and permit to be done all such acts and things as may be necessary or reasonably required by the insure for the purpose of enforcing any rights and remedies, or of obtaining relief or indemnity from other parties to which the insurer shall be or would become entitled or subrogated, upon its paying for or making good any loss or damage under this policy, whether such acts and things shall be or become necessary or required before or after his indemnification by the Insurer.

6. CONTRIBUTION

If at the time of any lone or damage happening to any property hereby insured, there be any other subsisting insurance or insurances whether effected by the Insured or by any other person or persons covering either such loss or any part of it or the same property the insurer shall not be liable to pay or contribute more than its rateable proportion of such loss or damage.

7. ARBITRATION

If any difference shall arise as to the amount to be paid under this Policy such difference shall independently of all other questions be referred to the decision of an arbitrator, to be appointed in writing by the parties in difference or if they cannot agree upon a single arbitrator, to the decision of two disinterested persons as arbitrators, of whom one shall be appointed in writing by each of the parties within two calendar months after having been required to do so in writing by the other party. In case either party shall refuse or fail to appoint an arbitrator within two calendar months after receipt of notice in writing requiring an appointment, the other party shall be at liberty to appoint a sole arbitrator and in case of disagreement between the arbitrators the decision shall be referred to the decision of an umpire who shall have been appointed by them in writing before entering on the reference and who shall sit with the arbitrators and preside at their meetings. The death of any party shall not revoke or affect the authority or powers of the arbitrators, arbitrators or umpire respectively; and in the event of the death of an arbitrator or umpire, another shall in each case be appointed in his stead by the party or arbitrators (as the case may be) by whom the arbitrator or umpire so dying was appointed. The costs of the reference and of the award shall be in the discretion of the arbitrator, arbitrators or umpire making the award, and it is hereby expressly stipulated and declared that it shall be a condition precedent to any right of action or suit upon the policy that the award by such arbitrator or umpire of the amount of the loss or damage if disputed shall be first obtained.

 

 

8. ALTERATIONS AND REMOVALS

Under any of the following circumstances the insurance ceases to attach as regards the property affected unless the Insured, before the occurrence of any loss or damage obtains the sanction of the Insurer signified by endorsement upon the policy, by or on behalf of the insurer.

(a)          If the trade or manufacture carried on be altered, or if the nature of the occupation of or other circumstance affecting the building or containing the insured property be changed in such a way as to increase the risk of loss or damage.

• If the building insured or containing the insured property becomes unoccupied and so remains for a period of more than 30 days.
• If the property insured be removed to any building or place other than that in which is stated herein to be insured.
• If the interest in the property insured passes from the insured otherwise than by will or operation of law.

9. CLAIMS

If any event giving rise to or likely to give rise to a claim under this policy comes to his knowledge the insured shall

1. Immediately
   1. take steps to minimize the loss or damage and recover any missing property
   2. give notice in writing to insurer and
   3. give notice to the police if the event be theft or suspected theft or wilful or malicious damage.
2. within 30 days or such further time as the insured may in writing allow deliver to the insurer
   1. a claim in writing for the damage containing as particular an account as may be reasonably practical of all the several articles or items of property lost or damage thereto respectively, having regard to their value at the time of the loss or damage
   2. particulars of all other insurances if any.

The Insured shall at all times at this own expense produce, procure and give to the Insurer all such further particulars, plans, specifications, books, vouchers, invoices, duplicates or copies thereof, documents, proofs and information with respect to the claim and the origin and cause of the loss or damage and the circumstances under which the loss or damage occurred, and any matter touching the liability or the amount of liability of the Insurer as may be reasonably required by or on behalf the Insurer together with a declaration on oath or in other legal form of the truth of the claim and any matters connected therewith.

10. INSURERS’ RIGHT

On the happening of any loss or damage to any of the property insured by this policy the Insurer may

• enter and take and keep possession of the building or premises where the loss or damage has happened
• take possession of or require to be delivered to it any property of the insured in the buildings or on the premises at the time of the loss or damage.
• keep possession of any such property and examine, sort, arrange remove or otherwise deal with the same

(d)          sell any such property or dispose of the same for account of whom it may concern

The powers conferred by this condition shall be exercisable by the Insurer at any time until notice in writing is given by the Insured that he makes no claim under this policy or, if any claim is made, until such claim is finally determined or withdrawn and the Insurer shall not by any act done in the exercise or purported exercise of its powers hereunder, incur any liability to the Insured or diminish its rights to rely upon any of the conditions of this policy in answer to any claim.

If the Insured or any person acting on his behalf shall not comply with the requirements of the Insurer, or shall hinder or obstruct the Insurer in the exercise of its powers hereunder, all benefit under this policy shall be forfeited.

The Insured shall not in any case be entitled to abandon any property to the Insurer whether taken possession of by the Insurer or not

11. REPAIR AND REPLACEMENT

The Insurer may at its option, repair or replace the property damaged or destroyed, or any part thereof, instead of paying the amount of the loss or damage, or may join with any other Company or Insurers in so doing but the circumstances permit and in reasonably sufficient manner, and in no case shall the Insurer be bound to expend more in repair than it would have cost to repair such property as it was at the time of the occurrence of such loss or damage nor more than the sum insured thereon.

If the Insurer so elects to repair or replace any property the Insured shall, at his own expense, furnish the Insurer with such plans, specifications, measurements, quantities and such other particulars as the Insurer may require, and no acts done, or caused to be done by the Insurer with a view to repair or replacement shall be deemed an election by the Insurer to repair or replace.

If in any case the Insurer shall be unable to repair replace the property hereby insured, because of any municipal or other regulations in force affecting the alignment of streets, or the construction of buildings, or otherwise, the Insurer shall, in every such case, only be liable to pay such sum as would be required to repair or replace such property if the same could lawfully be repaired to its former condition.

12. TIME LIMIT

In no case whatever shall the Insurer be liable for any loss or damage after the expiration of twelve months from the happening of the loss or damage unless the claim is the subject of pending action or arbitration.

13. REASONABLE PRECAUTIONS

The Insured shall maintain the property in proper state of repair and take all reasonable precautions to prevent damage thereto.

POLLUTION OR CONTAMINATION:

EXCLUSIONS

Notwithstanding anything to the contrary contained herein, this policy does not cover loss or destruction or damage caused by pollution or contamination except (unless otherwise excluded) destruction of or damage to the property insured caused by

• Pollution or contamination which itself results from fire, lightning, explosion, aircraft or other aerial devices or articles dropped there from, riot, civil commotion, strikes, locked-out workers, persons taking part in labour disturbances, malicious persons other than thieves, earthquake, storm flood, bursting overflowing discharging or leaking of water tanks apparatus or pipes, sprinkler leakage or impact by any road vehicle or animal
• any of the perils listed in (a) above which itself results from pollution or contamination.

DEBRIS REMOVAL

The Company (Insurer) will not pay for any costs or expenses

• incurred in removing debris except from the site of such property destroyed or damaged and the area immediately adjacent to such site.

(2)          arising from pollution or contamination of property not insured by this policy.

 

THE SCHEDULE

Policy No.	:
Name of the Insurer	:
Name and Address of the Insured	:
Factory Location	:
Type of Policy	:	Industrial All Risks Insurance (IAR)
Scope of Cover	:	Fire & Lighting, Riot & Strike Damage, Malicious Damage, Explosion (Other than Explosion & Collapse of Boiler), Electrical Clause “B”, Cyclone/Wind Damage/Strom/Surge/Typhoon, Flood, Water damage, Rain Water Damage, Hail Damage, Tsunami, Earthquake(both Fire & Shock), Theft/Burglary except the exclusions specified in the policy.
Policy Period	:
Subject Matter of Insurance	:
Occupation	:
Construction	:
Sum Insured	:
Rate of Premium	:
Premium Computation	:
Deductible	:
Main Exclusion	:	Interalia Terrorism, War, Sabotage, Machinery Breakdown, Business Interruption, Explosion and Collapse of Boiler, River Erosion and Cyber-attack.
Terms & Conditions	:	It is hereby declared and agreed that the Policy is subject to the clauses, terms, conditions, exceptions and limitations as set forth in the Policy wordings and attached Endorsement / Clauses.
Territorial Limit	:	Bangladesh only
Law and Jurisdiction	:	Bangladesh Court of Law.
Clauses & Endorsements	:	Subject to all terms, conditions, exclusions and clauses as per Policy wordings. ·        War & Terrorism and Sabotage Exclusion Clause attached hereto. ·        Cyber Exclusion Clause attached hereto. ·        Electronic Date Endorsement ‘B’ attached hereto. ·        Radioactive Exclusion Clause attach hereto. ·        Claims Co-Operation Clause attach hereto. ·        Communicable Disease Exclusion Clause attached hereto
Notification of Claims		Written advice to be served to ABCD Insurance Limited, Dhaka-1200, Bangladesh                                                                                                                                             Tel: +88-02- Email: info@ABCD.com.bd   Claim Notification Emergency Contact Details:   Email: claim@ABCD-bd.com

 

 

Place: Dhaka Dated:  00/00/0000

For and on behalf of ABCD Insurance Limited

 

 

 WAR AND TERRORISM EXCLUSION CLAUSE

 

Notwithstanding any provision to the contrary within this insurance or any endorsement thereto it is agreed that this insurance excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any of the following regardless of any other cause or event contributing concurrently or in any other sequence to the loss.

(1)         war, invasion, acts of foreign enemies, hostilities or warlike operations (whether war be declared or not), civil war, rebellion, revolution, insurrection, civil commotion assuming the proportions of or amounting to an uprising, military or usurped power, or

(2)         any act of terrorism.

For the purpose of this endorsement an act of terrorism means an act, including but not limited to the use of force or violence and/or the threat thereof, of any person or group(s) of persons, whether acting alone or on behalf of or in connection with any organization(s) or government(s), committed for political, religious, ideological or similar purposes including the intention to influence any government and/or to put the public, or any section of the public, in fear.

This endorsement also excludes loss, damage, cost or expense of whatsoever nature directly or indirectly caused by, resulting from or in connection with any action taken in controlling, preventing, suppressing or in any way relating to (1) and/or (2) above.

If the Underwriters allege that by reason of this exclusion, any loss, damage, cost or expense is not covered by this insurance the burden of proving to the contrary shall be upon the Assured.

In the event any portion of this endorsement is found to be invalid or unenforceable, the remainder shall remain in full force and effect.

 

 

 

 

CYBER EXCLUSION CLAUSE

This Agreement does not apply to, and specifically excludes losses of any kind directly or indirectly caused by, arising from, or consisting of, in whole or in part.

 

(a)          The use or misuse of the Internet or similar facility,

(b)          Any electronic transmission of data or other information.

(c)           Any computer virus or similar problem.

(d)          The use or misuse of any Internet address; Website or similar facility,

(e)          Any data or other information posted on a Website or similar facility.

(f)           Any loss of data or damage to any computer system, including but not limited to hardware or software (unless such loss or damage is caused by an earthquake, a fire, a flood or a storm).

(g)          The functioning or malfunctioning of the Internet or similar facility, or of any Internet address, Website or similar facility unless caused by fire.

or

(h)          Any infringement, whether intentional or unintentional, of any intellectual property rights (including but not limited to trademark, copyright or patent).

 

 

INFORMATION TECHNOLOGY HAZARDS CLARIFICATION CLAUSE

Losses arising, directly or indirectly, out of:

(i)      Loss of, alteration of, or damage to or

(ii)     A reduction in the functionality, availability or operation of

a computer system, hardware, programme, software, data, information repository, microchip, integrated circuit or similar device in computer equipment or non-computer equipment, whether the property of the policyholder of the reinsured or not, do not in and of themselves constitute an event unless arising out of one or more of the following perils:

Fire, lightning, explosion, aircraft or vehicle impact, falling objects, windstorm, hail, tornado, cyclone, hurricane, earthquake, volcano, tsunami, flood, freeze or weight of snow.

 

23/11/00

NMA2912

 

 

 

ELECTRONIC DATA ENDORSEMENT B

1. Electronic Data Exclusion

Notwithstanding any provision to the contrary within the Policy or any endorsement thereto, it is understood and agreed as follows:

(a)         This Policy does not insure loss, damage, destruction, distortion, erasure, corruption or alteration of ELECTRONIC DATA from any cause whatsoever (including but not limited to COMPUTER VIRUS) or loss of use, reduction in functionality, cost, expense of whatsoever nature resulting therefrom, regardless of any other cause or event contributing concurrently or in any other sequence to the loss.

ELECTRONIC DATA means facts, concepts and information converted to a form useable for communications, interpretation or processing by electronic and electromechanical data processing or electronically controlled equipment and includes programmes, software and other coded instructions for the processing and manipulation of data or the direction and manipulation of such equipment.

COMPUTER VIRUS means a set of corrupting, harmful or otherwise unauthorised instructions or code including a set of maliciously introduced unauthorised instructions or code, programmatic or otherwise, that propagate themselves through a computer system or network of whatsoever nature, COMPUTER VIRUS includes but is not limited to ‘Trojan Horses’ ‘worms’ and ‘time or logic bombs’.

(b)         However, in the event that a peril listed below results from any of the matters described in paragraph (a) above, this Policy, subject to all its terms, conditions and exclusions, will cover physical damage occurring during the Policy period to property insured by this Policy directly caused by such listed peril.

Listed Perils

Fire

Explosion

 

2. Electronic Data Processing Media Valuation

Notwithstanding any provision to the contrary within the Policy or any endorsement thereto, it is understood and agreed as follows:

Should electronic data processing media insured by this Policy suffer physical loss or damage insured by this Policy, then the basis of valuation shall be the cost of the blank media plus the costs of copying the ELECTRONIC DATA from back-up or from originals of a previous generation. These costs will not include research and engineering nor any costs of recreating, gathering or assembling such ELECTRONIC DATA. If the media is not repaired, replaced or restored the basis of valuation shall be the cost of the blank media. However, this Policy does not insure any amount pertaining to the value of such ELECTRONIC DATA to the Assured or any other party, even if such ELECTRONIC DATA cannot be recreated, gathered or assembled.

 

 

 

 

 

RADIOACTIVE CONTAMINATION EXCLUSION CLAUSE

 

This policy does not cover any loss or damage arising directly or indirectly from nuclear reaction in nuclear radiation or radioactive contamination however such nuclear reaction nuclear radiation or radioactive contamination may have been caused. Nevertheless, if fire is an insured peril and a fire arises directly from that fire shall (subject to the provisions of this policy) be covered excluding however all loss or damage caused by nuclear reaction nuclear radiation or radioactive contamination arising directly or indirectly from that fire.

 

Note: If fire is not an insured peril under this policy the words “nevertheless” to the end of the clause do not apply and should be disregarded.

 

 

 

 

CLAIMS CO-OPERATION CLAUSE

 

Notwithstanding anything contained in this Contract and/or the policy wording to the contrary, it is a condition precedent to any liability under this Contract that: –

1. a) The Reinsured shall upon knowledge of any circumstances which may give rise to a claim against them advise the Reinsurers as soon as possible.
2. b) The Reinsured shall co-operate with Reinsurers and/or their Appointed Representatives subscribing to this Contract in the investigation and assessment of any loss and/or circumstances giving rise to a loss.

 

COMMUNICABLE DISEASE ENDORSEMENT

 

1. This policy, subject to all applicable terms, conditions and exclusions, covers losses attributable to direct physical loss or physical damage occurring during the period of insurance. Consequently, and notwithstanding any other provision of this policy to the contrary, this policy does not insure any loss, damage, claim, cost, expense or other sum, directly or indirectly arising out of, attributable to, or occurring concurrently or in any sequence with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease.
2. For the purposes of this endorsement, loss, damage, claim, cost, expense or other sum, includes, but is not limited to, any cost to clean-up, detoxify, remove, monitor or test: 2.1. for a Communicable Disease, or 2.2. any property insured hereunder that is affected by such Communicable Disease.
3. As used herein, a Communicable Disease means any disease which can be transmitted by means of any substance or agent from any organism to another organism where: 3.1. the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not, and 3.2. the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between organisms, and 3.3. the disease, substance or agent can cause or threaten damage to human health or human welfare or can cause or threaten damage to, deterioration of, loss of value of, marketability of or loss of use of property insured hereunder.
4. This endorsement applies to all coverage extensions, additional coverages, exceptions to any exclusion and other coverage grant(s). All other terms, conditions and exclusions of the policy remain the same.

 

LMA5393 25 March 2020