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Operative Clauses (b) any monies held by the Insured and
belonging to such person
(c) any monies recovered following action
1. Legal Liability as described in 1B(iii) above
The Company will indemnify the Insured subject to the
Limit of Indemnity against legal liability for (v) the Company shall not be liable for any
Compensation (including claimants' costs and claim arising from any dishonest or
expenses) in respect of any Claim which is
fraudulent act or omission committed by
(a) both first made against the Insured and notified to
the Company during the Period of Insurance or (a) any person after the discovery by a
director officer or principal of the
Insured of reasonable cause for
(b) first made against the Insured during the Period
of Insurance and notified to the Company within suspicion of fraud or dishonesty in
relation to that person
thirty days after the end of the Period of
Insurance (b) any director officer or principal of the
Insured
incurred in the conduct of the Business Activities of
the Named Insured carried out at or from premises C. Libel and Slander
within the Territorial Limits by reason of libel and Slander accidentally committed or
occasioned by the Insured or any Agent in good
A. Breach of Duty
a breach of duty owed by the Insured in its faith
professional capacity arising out of any act error
or omission which is negligent accidentally 2. Accidental Damage to Documents
committed or occasioned in good faith by The Company will indemnify the Insured against
accidental Damage to Documents belonging to or for
which the Insured is legally responsible incurred in the
(i) the Insured conduct of the Business Activities of the Named
Insured carried out at or from premises within the
(ii) any Agent Territorial Limits first discovered and notified to the
Company during the Period of Insurance
(iii) any other person firm or company acting
jointly with the Insured This indemnity is in respect of
B. Dishonesty
any dishonest or fraudulent act or omission on (a) all Compensation which the Insured shall
the part of any Employee or Agent become legally liable to pay in consequence of
such Damage subject to the Limit of Indemnity
Provided that and
(b) all costs and expenses reasonably incurred by
(i) such dishonest or fraudulent act error or the Insured in replacing or restoring Documents
omission was made without the consent or belonging to the Insured up to a maximum of
connivance of any director officer or £25,000 during the Period of Insurance
principal of the Named Insured
Provided that such Damage is sustained while the
(ii) no person committing or condoning such Documents are either in transit or in the custody or
dishonest or fraudulent act or omission shall control of the Insured or its Agent or any person to
be entitled to indemnity whom the Insured has entrusted them and that where
documents are believed lost the Insured or its Agent
(iii) if the Company so requests the Named
Insured shall take all reasonable steps to has failed to find them after diligent search
effect recovery from the person committing
or condoning such dishonest or fraudulent The Deductible shall not apply to Operative Clause
2(b) above
act or omission or from the estate and/or the
legal representatives of such person 3. Defence Costs and Expenses
The Company will indemnify the Insured subject to the
(iv) the following shall be deducted from any Limit of Indemnity in respect of all costs and expenses
amount which but for this sub-clause (iv) (other than any costs incurred in endeavouring to
would be payable under this insurance effect recovery in accordance with provision (iii) of
Operative Clause 1.B. which are incurred by the
(a) any monies which but for such Company or by the Insured with the Company's
dishonest or fraudulent act or omission written consent in connection with the defence or
would be due from the Insured to the
person committing or condoning such settlement of any Claim under this Section
act error or omission
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Casualty Policy Wording TRV0126 02/14 Policy Code 2010 05/12
