Minimisation of risk Sample Clauses

Minimisation of risk. 4.11.1 The insured will take all reasonable steps at its own expense to prevent an insured event arising or continuing. 4.11.2 Upon the happening of an insured event and at all times thereafter, the insured shall act as a prudent uninsured and take all reasonable measures as are appropriate to avoid or minimise any claims which arise or may arise from that insured event. Any failure by the insured to take such steps shall mean the insurer may reject or reduce claims and continue the policy on such terms as the insurer may determine and if any payment on account of any such claim has already been made the insured will repay forthwith all payments on account to the insurer.
Minimisation of risk. 10.17.1 The insured will take all reasonable steps at its own expense to prevent an insured event arising or continuing. 10.17.2 Upon the happening of an insured event and at all times thereafter, the insured shall act as a prudent uninsured and take all reasonable measures as are appropriate to avoid or minimise any claims which arise or may arise from that insured event. Any failure by the insured to take such steps shall reduce or extinguish the insurer’s liability to indemnify the insured under the policy to the extent that such failure has increased the claim under the policy.
Minimisation of risk. 6.13.1 You will take all reasonable steps at your own expense to prevent an insured event arising or continuing. 6.13.2 Upon the happening of an insured event and at all times thereafter, you shall act as a prudent uninsured and take all reasonable measures as are appropriate to avoid or minimise any claims which arise or may arise from that insured event. Any failure by you to take such steps shall reduce or extinguish our liability to indemnify you under the policy to the extent that such failure has increased the claim under the policy. 6.13.3 In respect of the coverage afforded under the ‘Fraudulent use of information’ clause, the insured will take all reasonable steps to protect information and communication assets, by: a) having virus protection software operating on information and communication assets b) having a fire wall or similar configured device to control access to information and communication assets; c) encrypting and controlling the access of all information and communication assets and external devices including plug-in devices networked to information and communication assets; d) controlling unauthorised access to information and communication assets by correctly configuring its wireless network; e) changing all passwords on information and communication assets at least every sixty (60) days and cancel any username, password or other security protection after it knew or had reasonable grounds to suspect that it had been available to any unauthorised person; f) taking regular back-up copies of any data, file or programme on information and communication assets; g) having an operational system for logging and monitoring user activity on information and communication assets.
Minimisation of risk. 14.1 You will take all reasonable steps at your own expense to prevent an insured event arising or continuing.
Minimisation of risk. The insured must use due diligence to do all things reasonable and practicable to avoid or diminish any insured loss and shall act in accordance with any reasonable instructions given by the insurer. Any failure by the insured to take such steps shall reduce or extinguish the insurer’s liability to indemnify the insured under the policy to the extent that such failure has increased the claim under the policy.
Minimisation of risk. 6.13.1 You will take all reasonable steps at your own expense to prevent an insured event arising or continuing. 6.13.2 Upon the happening of an insured event and at all times thereafter, you shall act as a prudent uninsured and take all reasonable measures as are appropriate to avoid or minimise any claims which arise or may arise from that insured event. Any failure by you to take such steps shall reduce or extinguish our liability to indemnify you under the policy to the extent that such failure has increased the claim under the policy. 6.13.3 In respect of the coverage afforded under the ‘Hacker protection’ clause, the insured will take all reasonable steps to protect information and communication assets, by: a) having virus protection software operating on information and communication assets which is running, correctly configured and regularly or automatically updated; b) having a fire wall or similar configured device to control access to information and communication assets; c) encrypting and controlling the access of all information and communication assets and external devices including plug-in devices networked to information and communication assets; d) controlling unauthorised access to information and communication assets by correctly configuring its wireless network; e) changing all passwords on information and communication assets at least every sixty (60) days and cancel any username, password or other security protection after it knew or had reasonable grounds to suspect that it had been available to any unauthorised person; f) taking regular back-up copies of any data, file or programme on information and communication assets; g) having an operational system for logging and monitoring user activity on information and communication assets.
Minimisation of risk. 4.11.1 The insured hereby warrants it will take all reasonable steps at its own expense to prevent an insured event arising or continuing.
Minimisation of risk. 4.13.1 The Insured will take all reasonable steps to avoid agreeing in any contract with a client to: a) use more than reasonable care and skill; b) provide something more that reasonably fit for its intended purpose; c) have a greater financial responsibility for any claim covered by this insurance than would otherwise be the case at law; d) remove reasonable limits on its liability for any consequential or pure economic loss. 4.13.2 The Insured will take all reasonable steps at its own expense to prevent an insured event arising or continuing. Upon the happening of an insured event and at all times thereafter, the Insured shall act as a prudent uninsured and take all such reasonable measures as are appropriate to minimise any claims which arise or may arise from that insured event.

Related to Minimisation of risk

  • Allocation of Risk Licensee acknowledges and agrees that each provision of this Agreement that provides for a disclaimer of warranties or an exclusion or limitation of damages represents an express allocation of risk, and is part of the consideration of this Agreement.

  • Evaluation of Risks The Investor has such knowledge and experience in financial tax and business matters as to be capable of evaluating the merits and risks of, and bearing the economic risks entailed by, an investment in the Company and of protecting its interests in connection with this transaction. It recognizes that its investment in the Company involves a high degree of risk.

  • Assumption of Risk I acknowledge that sailboat racing involves risks, and I freely assume all risks, including the risks of serious personal injury, death or permanent disability arising from the Participant’s participation in the Regatta and shore side activities, including accidents, collisions, falling, drowning, exposure, overexertion, sea or weather conditions, well as all unforeseen risks. I acknowledge that this Regatta is a voluntary recreational event and the Participant is free to withdraw at any time.

  • Transfer of risk The risk of loss of or damage to the Goods and/or Services shall pass from the Supplier to the Purchaser (i) upon the date of their acceptance if this is performed on the Purchaser’s premises in accordance with the provisions of Article 11, or if not (ii) upon delivery of the Goods at the named destination pursuant to the Incoterm ICC 2020 as defined in Article 7 above.