Common use of PARTY LIABILITY Clause in Contracts

PARTY LIABILITY. COVER Legal liability of the Insured to third parties for bodily injury, illness or death, loss or damage arising from the activities of the Insured. LIMIT Minimum limit of (pound)50,000,000 any one occurrence/unlimited in the number of occurrences but in the aggregate in respect of product liability and pollution or such other amount as may be mutually agreed upon by the Borrower and the Agent (in consultation with the Insurance Adviser) from time to time. DEDUCTIBLES Not exceeding (pound)10,000 each and every claim in respect of property damage only or such amount as may be subject to a level of deductible in an amount as may be mutually agreed upon by the Borrower and the Agent (in consultation with the Insurance Adviser). 101 PERIOD 12 months and annually renewable thereafter. PRINCIPAL EXTENSIONS Including inter alia: Interference, trespass, loss of amenities, nuisance, denial of access, obstruction etc. Cross liabilities clause Costs and expenses clause Contractual liability clause Worldwide Jurisdiction Pollution - "sudden and accidental" basis. PRINCIPAL EXCLUSIONS Penalties or fines imposed by regulatory or statutory authorities and courts, liquidated and ascertained damages, pollution other than "sudden and accidental" pollution, inevitable occurrences, Insureds' own employees.