Page 95 - Binder2

Limit of Indemnity

The Limit of Indemnity is stated in the Schedule and applies
to Compensation payable in respect of any one occurrence
or all occurrences of a series consequent on or attributable
to one source or original cause and shall be inclusive of all
defence costs and expenses payable under clause 5 of the
Cover In respect of liability arising from Products the Limit
of Indemnity shall be the total amount payable during any
one Period of Insurance in respect of all claims

Provided that

(a) where the Limit of Indemnity is less than the total
amount of the Insured’s liability (the total liability
excluding any costs and expenses) then the costs and
expenses payable under Cover Clauses 2 and 3 shall
be limited to the proportion that the Limit of Indemnity
bears to the total amount of such liability

(b) the Deductible in respect of damages and claimants’
costs and expenses will be payable before the
Company shall be liable to make a payment

17
Casualty Policy Wording TRV0126 02/14 Policy Code 2010 05/12