Page 108 - Binder2
P. 108

Professional Indemnity                                     Definition 27 for the purposes of this Section also
                                                                   mean

        Section                                                    (a)  any Employee of the Named Insured in respect of
                                                                       liability for which the Named Insured would have
                                                                       been entitled to indemnification under this
        Definitions                                                    insurance if the claim had been made against the
                                                                       Named Insured and shall include

                                                                       (i)   any former Employee in respect of claims
        1.   Business Activities                                           which arise out of the exercise and conduct
            The words 'Business Activities’ shall mean the                 of the Business during the period whilst the
            business activities of the Named Insured stated in the         Employee is or was employed by the
            Schedule to this Section and none other                        Named Insured

        2.   Damage                                                    (ii)  any former Employee of the Named Insured
            The word 'Damage' shall mean accidental destruction            who has continued as a self-employed
            of or accidental damage to or loss of tangible property        consultant contracted by the Named Insured
            or Documents                                                   and/or any such consultant who is no longer
                                                                           associated with the Named Insured in
        3.   Documents                                                     respect of claims which arise out of the
            The word 'Documents' shall mean all                            exercise and conduct of the Business during
                                                                           the period whilst the consultant is or was
            (a)  documents (excluding bearer bonds coupons                 engaged by the Named Insured on a
                 bank or currency notes or other negotiable                consultancy basis
                 instruments)
                                                                   (b)  any joint venturers where the Named Insured is
            (b)  records stored electronically                         engaged in a joint venture which has been
                                                                       declared to and accepted by the Company
        4.   Employee
            The word 'Employee' shall in addition to General       (c)  any predecessors in business of the Named
            Definition 19 for the purposes of this Section include     Insured provided the Company has been notified
            and/or also mean                                           in writing of the existence of such predecessors

            (a)  any labour only sub-                              and the legal personal representative of any party
                 contractor or labour                              referred to in this definition
                 master or any person
                 supplied by them                                  Provided that

            (b)  any self-employed                                 (i)   each party covered hereunder shall observe fulfil
                 person providing labour                               and be subject to the terms and conditions of the
                 only                                                  Policy insofar as they can apply

            (c)  any person hired to or     whilst working         (ii)  the Company’s aggregate liability to all bodies
                 borrowed by the Named      directly for the           corporate comprising the Named Insured and any
                 Insured                                               other party or parties shall not exceed the Limit of
                                            Named                      Indemnity or the amount of any other limit stated
            (d)  any person under work      Insured in                 in the Policy
                 experience or similar      connection
                 schemes                    with the
                                            Business
            (e)  any volunteer worker
                 acting under the
                 authority of the Named
                 Insured

            (f)   persons seconded from
                 other public authorities

            (g)  any director of the
                 Named Insured

        5.   Insured
            At the request of the Named Insured the word
            ‘Insured’ shall in addition to paragraph (a) of General



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        Casualty Policy Wording                                                        TRV0126 02/14  Policy Code 2010 05/12
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