Officers Liability
Category:Non Motor
Description:
CLASS OF POLICY |
Officers Liability Insurance |
PERIOD |
From: To: |
COVER |
Legal liability to pay compensation for damages and costs and in respect of claims for breach of professional duty made against the officers and notified to the company during any period of insurance by reason of any negligent act errors or omission arising from incorrect instructions given or faulty arrangements or clerical errors made by the officers.
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INTEREST
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Total number of officers ___________ Total value of all property Ksh. ______________ Annual wage roll of workers Ksh. _____________ |
LIMITS OF LIABILITY |
General limit of Liability Option A Ksh. _________________________ Option B Ksh. _________________________ Option C Ksh. _________________________ |
EXCESS |
10% of each and every claim. |
SPECIAL CONDITIONS & CLAUSES
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a) Wrongful acts. b) Negligence acts (errors and omissions). c) Slander and libel of members. d) Failure to provide a safe living environment for members and their families. e) Frauds committed by employees engaged by the management committee on behalf of the members. f) Negligence acts following the employment of in-competent or dishonest sub-contracts or liabilities attaching as a result of the negligent acts committed by agents of the management committee.
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BASIS OF SETTLEMENT |
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