Common use of Wilful Misconduct Clause in Contracts

Wilful Misconduct. An act intentionally done, or a deliberate omission by the Assured, with the knowledge that the performance or omission will probably result in injury, loss, or damage, or an act done or omitted in such a way as to allow an inference of a reckless disregard of the probable consequences. Yacht The Yacht named on the Certificate of Insurance as the Yacht insured under this insurance, including her tender(s), toy(s), watersports equipment and other equipment on board. This does not include any shadow vessel in support of the Yacht or the shadow vessel’s tender(s), toy(s) and equipment.

Wilful Misconduct. An act intentionally done, or a deliberate omission by the Assured, with the knowledge that the performance or omission will probably result in injury, loss, or damage, or an act done or omitted in such a way as to allow an inference of a reckless disregard of the probable consequences. Yacht The Yacht yacht named on the Certificate of Insurance as the Yacht insured under this insurance, including her tender(s), toy(s), watersports equipment and other equipment on board. This does not include any shadow vessel in support of the Yacht or the shadow vessel’s tender(s), toy(s) and equipment.