Common use of What We Cover You For - Standard Benefits Clause in Contracts

What We Cover You For - Standard Benefits. You are covered for: General Liability Subject to the terms and conditions of this Policy, You are covered for General Liability • caused by or arising from an Occurrence; • in the ordinary course of Your Business, and • happening during the Period of Insurance. Product Liability Subject to the terms and conditions of this Policy, You are covered for Product Liability • caused by or arising from an Occurrence; • in the ordinary course of Your Business, and • happening during the Period of Insurance. Costs & Expenses Subject to the terms and conditions of this Policy, You are covered for Costs & Expenses relating directly to a General Liability or Product Liability covered under this Policy. If to dispose of or settle a Claim, Compensation is payable in excess of the Limit of Liability, then Our liability for Costs & Expenses will be limited to the same proportion of the Costs & Expenses as the Limit of Liability bears to the total Compensation payable to dispose of or settle the Claim. Our liability to pay Costs & Expenses is in addition to the Limit of Liability but in no case to exceed an amount equivalent to the Limit of Liability. Removal of Wreck Expenses Subject to the terms and conditions of this Policy, You are covered for Removal of Wreck Expenses incurred • in the ordinary course of Your Business, and • where the removal order is first served on You during the Period of Insurance. If the Occurrence causing or giving rise to Removal of Wreck Expenses also gives rise to General Liability and/or Product Liability then Our liability to pay for Removal of Wreck Expenses is in addition to the Limit of Liability but in no case to exceed an amount equivalent to the Limit of Liability.

Appears in 3 contracts

Samples: www.nautilusinsurance.com.au, www.nautilusinsurance.com.au, www.nautilusinsurance.com.au

AutoNDA by SimpleDocs

What We Cover You For - Standard Benefits. This 'Legal Liability' Section of this Policy covers You are covered for: General Liability Subject to the terms and conditions of this Policy, You are covered for General Liability • caused by or arising from an Occurrence; • either in the ordinary course of Your BusinessBusiness or during private pleasure use by You or Your principals or Employees, and • happening during the Period of Insurance. Product Liability Subject to the terms and conditions of this Policy, You are covered for Product Liability • caused by or arising from an Occurrence; • in the ordinary course of Your Business, and • happening during the Period of Insurance. Costs & Expenses Subject to the terms and conditions of this Policy, You are covered for Costs & Expenses relating directly to a General Liability or Product Liability covered under this Policy. If to dispose of or settle a Claim, Compensation is payable in excess of the Limit of Liability, then Our liability for Costs & Expenses will be limited to the same proportion of the Costs & Expenses as the Limit of Liability bears to the total Compensation payable to dispose of or settle the Claim. Our liability to pay Costs & Expenses is in addition to the Limit of Liability but in no case to exceed an amount equivalent to the Limit of Liability. Removal of Wreck Expenses Subject to the terms and conditions of this Policy, You are covered for Removal of Wreck Expenses incurred • in the ordinary course of Your Business, and • where the removal order is first served on You during the Period of Insurance. If the Occurrence causing or giving rise to Removal of Wreck Expenses also gives rise to General Liability and/or and/ or Product Liability then Our liability to pay for Removal of Wreck Expenses is in addition to the Limit of Liability but in no case to exceed an amount equivalent to the Limit of Liability.

Appears in 1 contract

Samples: www.nautilusinsurance.com.au

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.