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and failure to comply in full will result in the Company not providing an indemnity for any related
claim.

In addition,

vi) the Company may at any time pay to the Insured the Limit of Indemnity (after deducting
any sums already paid) or any less amount for which any claim or claims can be settled
and thereafter the Company shall have no further liability under this insurance in
connection with such claim or claims except for Defence Costs incurred prior to the date of
payment.
vii) for the purpose of Condition 5, "the Company" also means any loss adjuster nominated by
the Company and acting on behalf of the Company.

6.
Adjustment If any part of the Premium has been calculated on wageroll and/or turnover estimates given by the
Insured, the Insured shall:-

i) keep an accurate record containing all relevant particulars and allow the Company to
inspect such record at any time.
ii) within one month from the expiry of the Period of Insurance provide to the Company all
such relevant particulars of the actual wageroll and/or turnover and the Premium for the
Period of Insurance shall then be adjusted and the difference paid by or allowed to the
Insured subject to any minimum premium that may apply.

The Company may require that such particulars are confirmed by the Insured’s accountant or
auditor or any other party as may be nominated by the Company.

The term wageroll is deemed to be the total gross remuneration paid to all Employees during the
Period of Insurance.

7.
Other
Insurance If an indemnity is granted in whole or in part by any other insurance, the liability of the Company
hereunder shall apply as excess of, and not as contributory with, such other insurance.

8.
Fraud If the Insured shall make any claim knowing such claim to be false or fraudulent as regards
amount or otherwise, this insurance shall become void and the Company shall cease to deal with
all claims hereunder and shall be entitled to reimbursement of all claims paid (including all costs
and expenses).

9.
Disputes This insurance is governed by the laws of England and Wales and the courts of England and
Wales shall have exclusive jurisdiction in relation to any dispute about or in connection with this
insurance.

10.
Limit The liability of the Company shall not exceed the Limit of Indemnity stated in the Schedule
provided that under Sections B and C:-

i) in the event of the Company requiring any claims(s) to be contested by the Insured, the
Company will, in addition, pay all Defence Costs in connection therewith.
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ASPEN LOCAL AUTHORITY COMBINED LIABILITY 2015