Columbia Pictures Corporation Limited
Insurance Register
Insurance Period Commencing 1 November 2013
45 Church Street, Birmingham, B3 2RT A limited liability partnership registered in England and Wales at The St Botolph Building, 138 Hounsditch, London EC3A 7AG, Company No.OC353198 Authorised and regulated by the Financial Conduct Authority and a Lloyd’s Broker A list of the designated members and individual members of Lockton Companies LLP is available for inspection at the registered office www.lockton.com
Confidentiality
This Insurance Register remains the property of Lockton Companies LLP and must not be copied, in full or in part, or provided to any third party other than Columbia Pictures Corporation Ltd without Lockton’s written permission.
Contents
Introduction ______1 Lockton______2 Lockton______2 Lockton Service Team ______3 Disclosure & Procedure ______4 Designation of Insured and Description of Business ______8 Claiming on your Insurance Policies ______10 Insurance Programme ______12 Commercial Combined ______13 Employers Liability ______18 Public & Products Liability ______19 Motor Fleet ______21 Engineering Inspection ______23
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific detail
Introduction
This document, the client register, is intended to give you a clear and accurate summary of the insurances Lockton Companies LLP arranges for you.
It is not a substitute for the policies which are the evidence of the contracts between you and your insurers and to which reference must be made for definitive interpretation of the policy terms and conditions. You should have the policies and related endorsements and recent renewal notices. If you do not, please let us know and we will provide copies.
You should refer to us for explanation of any points in the policies or in this register that are unclear. This register, provided by Lockton, does not attempt to identify risks that are not insured.
This register intends to provide accurate information on insurance covers, important procedures to be aware of concerning claims and an outline to the important function of risk control.
The register is produced for your use only. It contains information that is confidential between you, your insurers and us. You should ensure that it remains safe and its contents are not disclosed to anyone. We will not be responsible if others rely on it, without our knowledge or consent. If another party, say a lender, who has a legitimate right to know, requests insurance information, we will supply it, on your instructions.
Should you have cause for complaint at any time we ask that you communicate your concerns to the Managing Partner.
………………………………………. 1st July 2014 Account Executive Date
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Lockton
Clients across the globe count on Lockton for risk management, insurance and employee benefits. Our experts tailor solutions to the unique needs of each company, organization, and individual just about anywhere.
Our long-term relationships with underwriters around the world allow us to structure and negotiate comprehensive coverage at the best price possible.
Lockton Quick Facts
World's largest privately owned, independent insurance brokerage firm Associates: 4,450+ people around the world Locations: 60 offices in the United States, Europe, Latin America, the Middle East and Asia.
The Lockton focus is simple. To become a trusted partner of our clients and to design solutions that complement our client’s objectives.
Lockton Global Partnership
Lockton Global Partnership serves multi-national companies with innovative, integrated risk management, insurance and employee benefit solutions. Lockton Global serves clients in virtually every country of the world.
Service is tailored to our individual clients' needs and partners are risk experts in their markets, speak local language, and understand local culture. This is supported by our own global service standards built around your needs.
Lockton Companies LLP
Lockton Companies LLP is authorised and regulated by the Financial Services Authority.
Website
For more information on Lockton and its insurance and risk services, please visit the website at www.lockton.com
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Lockton Service Team
Our Service pledge means all senior personnel are contactable via mobile phone at all times. Our standard office hours of business are from Monday to Friday 9.00 am to 5.00 pm.
Debbie Day Office: 0121 232 4555 Managing Partner Mobile: 07500 065612 E-mail: [email protected]
Rob Copus Office: 0121 232 4503 Account Executive Mobile: 07919 698325 E-mail: [email protected] Sarah Lowe Office: 0121 232 4505 Account Manager E-mail: [email protected]
Paul Taylor Office: 0121 232 4522 Account Manager E-mail: [email protected]
Paul Hughes Office: 0121 232 4592 Claims Technician E-mail: [email protected]
LOCKTON COMPANIES LLP 45 CHURCH STREET BIRMINGHAM B3 2RT TEL: 0121 232 4500 FAX: 0121 232 4550
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Disclosure & Procedure
This handbook is designed to provide an outline of the insurance protection you purchase and confirms the information you need to supply, the procedures to adhere to and any changes that are material.
Your responsibilities
Material facts - Utmost good faith All policies of insurance are subject to the doctrine of utmost good faith. This means that the policyholder is under a duty to disclose all material facts.
A material fact is one which may affect the judgement of a reasonable or prudent underwriter in deciding whether to take on a risk or in deciding the price that he or she might charge.
Failure to disclose all material facts could prejudice your rights to recover in the event of a claim or allow underwriters to void the policy from its inception.
If you are in any doubt as to what might constitute a material fact, then please discuss the matter with us.
With regard to motor insurance, convictions against any driver (except minor parking offences), and accidents of which your insurers may be unaware (e.g. in a spouse’s car) would be regarded as material. We recommend that you carry out a regular physical check of driving licences, together with a regular declaration of accident history. Lockton is able to provide drivers’ declaration forms suitable for this purpose on request.
Warranties The effect of a breach of warranty is to make the policy voidable by your insurers. It is therefore vital that all warranties are complied with precisely. Where specific warranties apply, their existence is brought to your attention, but for the exact wordings reference should be made to the policy.
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Notifying changes in risk
We conduct regular reviews with our clients but it is essential that you inform us in advance about proposed changes in your operations which may have a bearing on your insurances, for example:
Changes in the designation of the insured. Acquisition or disposal of companies or businesses, including joint ventures or consortia in which you have an interest. Acquisition, construction, or leasing of new buildings or premises. Vacation, unoccupancy, demolition, or change of use of existing premises. Removal of stock or plant to new locations, e.g. warehouses, customers’ premises, processors, sub-contractors. Changes in processes, products, activities or extensions of sales or business operations into new territories. Special attention should be paid to sales to or operations in USA or Canada. Assumption of new contractual liabilities, granting by you of indemnities, entering into hold harmless agreements, issue of collateral warranties or duty of care agreements. Alteration, amendment, removal or disconnection (for any time) of fire or security systems, including automatic sprinklers, automatic fire alarms, intruder alarms, CCTV or access control systems. Alterations to physical security including changing locks, replacing safes etc. Use of aircraft, or water craft, other than for ordinary travel as a passenger. Motoring offences or prosecutions pending. Hiring in or hiring out of plant or equipment.
Exercising Reasonable care Insurers require that all things reasonably practicable be done to avoid or diminish any claim under the policies, including the exercising of reasonable care in:
Selecting competent employees Preventing accident, injury, loss or damage Maintaining all buildings, plant, equipment and vehicles in good and efficient condition Complying with all statutory requirements
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Inspection of statutory plant Current safety legislation calls for the periodic inspection of certain types of plant. Although this is not solely the province of insurance, some specialist insurers do provide this service on a fee basis. Whether you use an insurance company inspecting engineer or an independent source, it should be appreciated that responsibility for ensuring that these statutory inspections are performed promptly cannot be delegated. You should therefore make certain that examinations are made within the prescribed periods and that any faults discovered are rectified within the appropriate time.
Structural alterations Advice of proposed construction projects at the planning stage will enable us to recommend:
Adequate insurance to protect your interest. This will include investigating the Contractor’s insurance arrangements and our recommendations in the light of contract conditions. Proposed Fire Protection and Security Systems to minimise further premiums. Advance Profits Insurance.
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Insurance policy declarations
Insurance policies are based on criteria which you are obliged to declare to insurers in good faith. You have a duty to provide accurate information and to advise insurers of matters which affect the risk.
The declarations that you provide play an important part in determining [1] the amount that you may be able to claim in the event of a loss; and [2] the premium that you will pay for the insurance cover.
The price to you for the insurance cover (the premium) is normally paid in 2 parts. Initially, a premium is calculated and payable at the beginning of the insurance period based on your best estimate of the relevant rating factors, e.g. Turnover, Wageroll etc. Then, at the end of the insurance period (usually one year, unless otherwise agreed) an adjustment is payable by you or refundable to you based on the actual numbers achieved. Please note that no return premium can be paid in cases where the initial premium is described as ‘Minimum and Deposit’.
We summarise below for each type of policy the information required and a typical frequency at which it is required – please refer to your policy documentation for full details.
Policy Information Requested Frequency
1. Assets Updated assets, schedule per premises detailing Immediately buildings, plant/machinery, stock, office contents and electronic equipment. (see insurance section re: underinsurance).
2. Employers Liability Wageroll split between:
Clerical / Managerial / Professional Annually Manual
3. Public/Products Liability Turnover split between: Annually UK Rest of World
4. Motor Fleet Motor Vehicle changes Quarterly (Immediate notification to the MID)
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Designation of Insured and Description of Business
Only those companies shown as insured or defined as subsidiary companies form part of the insured and participate in the cover we arrange for you.
Designation of Insured Presently, the designation of the insured and business description in your policies is as follows:
Columbia Pictures Corporation Ltd Sales, Marketing, Licensing and Distribution of Films, Videos, DVD’s and Television Programmes
We confirm the following UK entities noted under global liability arrangements AXN Europe Ltd Sales, Marketing, Licensing & Distribution of TV Channels
AXN Northern Europe Ltd Sales, Marketing, Licensing & Distribution of TV Channels
AXN Southern Europe Ltd Sales, Marketing, Licensing & Distribution of TV Channels
Sales, Marketing, Licensing & Distribution of Films, DVDs and Colgems Productions Ltd Television programmes Entertainment Networks (UK) Sales, Marketing, Licensing & Distribution of TV Channels Limited
MSM Asia Ltd Sales, Marketing, Licensing & Distribution of TV Channels
SET Networks Africa (UK) Ltd Sales, Marketing, Licensing & Distribution of TV Channels
Sony Pictures Home Sales, Marketing, Licensing & Distribution of Films, DVDs and TV Entertainment Ltd programmes Sony Pictures Television Production, Sales, Marketing, Licensing & Distribution of Television Production UK Ltd programmes SPTI Networks Eastern Europe Sales, Marketing, Licensing & Distribution of TV Channels (UK) Ltd Production, Sales, Marketing, Licensing & Distribution of Television Victory Television Limited programmes Production, Sales, Marketing, Licensing & Distribution of Television Gogglebox Entertainment Ltd programmes
2waytraffic UK Rights Ltd Sales, Marketing, Licensing & Distribution of Television programmes
2waytraffic UK LTd Production & Sales of Television Programmes
CILL Holdings Holding Company
WWTBAM Ltd Prize fund for Production of Game show
TRSL Ltd Dormant
KWPL Ltd Dormant
Prime Suspects Ltd Production & Sales of Television Programmes
Left Bank Pictures Ltd &/or LBP Film & TV Production Company Outlander Ltd Silver River Productions Ltd & TV Production Company Silver River Music Ltd Outlander Dolphin TV Ltd Advertising Consultants
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Electric Ray Ltd TV Production Company
Stellify Media Ltd TV Production Company
It is vital for Property, Business Interruption and Liability insurances that the business description is correctly stated. Activities not included are not insured.
Alterations to be notified It is important to notify Lockton of anything which may increase the risk originally declared to insurers. It is very important that you advise us of any alterations to the preceding ‘Designation of Insured’ or ‘Description of Business’. In particular, please tell us immediately about the addition or deletion of, or any major changes to, any of the following:-
Subsidiary companies Associated companies Joint ventures / consortia Unincorporated bodies Overseas subsidiaries
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Claiming on your Insurance Policies
Please note the following important points:
Notify without delay: please ensure you advise us as soon as possible of incidents likely to give rise to a claim under any of your insurance policies. Failure to notify promptly can lead to an insurer declining to deal with a matter. It is particularly important to notify without delay any incident which might give rise to a claim under a liability policy. Please always notify us urgently of fatalities, major injuries and all RIDDOR reportable incidents. See the claims contact details under Lockton Service Team.
Record information: please ensure you keep suitable records of what has occurred and what action you have taken, so that you can give this information to insurers to enable them to deal with the matter. Please do not speculate as to what has occurred, or why – stick to recording the facts.
Forward correspondence: please forward to us any initial letter of claim and any subsequent correspondence without delay, and without replying to the claimant/representative (as the date of replying can trigger legal timetables).
Retain evidence: you must retain such records and/or physical evidence as may be necessary to enable you to pursue a claim or to enable insurers to defend a liability claim against you. The successful defence of a liability claim will depend upon your ability to demonstrate that you have made suitable assessments of risk and taken steps to reduce the risk. If you are claiming under a property policy, insurers will need to examine the damage that has occurred.
Emergency Repairs: if an urgent repair is necessary before insurers can be given the opportunity to examine a site, please take photographs and keep suitable notes in order to demonstrate that the actions you have taken were appropriate. Following an incident, take care to avoid breaching policy warranties such as locking up, setting of alarms etc – you may need to take alternative action to protect your premises until full repairs can be undertaken.
Theft / Break in / Malicious Damage: where a loss is due to theft, break in or malicious damage, it is a normal policy requirement for the police to be notified, and the insurers will require details of the officer, station and crime number before considering your claim. Please note that theft cover normally only operates where there is evidence of forcible and violent entry to the premises.
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Motor Incidents In the event of a motor accident, please telephone Lockton’s Xtra Assistance service on 0870 850 1535. This is a dedicated Lockton Helpline.
Xtra Assistance will guide you through the claims process. At the time of making the call, please be prepared to provide the following information.
Your Company name and division (if relevant) Policy number Details of your vehicle Accident circumstances, including details of the location of the accident and observations made at the scene of the accident such as skid marks, road signs and weather conditions. Details of the other parties and vehicle/s involved in the accident. Contact details and insurance particulars, if available. The names and addresses of independent witnesses. Police Officer's number and contact details (if appropriate)
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Insurance Programme
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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Commercial Combined
Insured: Columbia Pictures Corporation Ltd &/or Subsidiary &/or Associated Companies
Insurer: Chubb Insurance
Policy No: 21741844
Period: 1st March 2014 to 28 February 2015
Material Damage Section:
Risks Insured: All risks of physical loss or damage including Theft (other than by an excluded cause.
Terrorism is included up to full value
Property Insured: All property belonging to, or the responsibility of, the insured at the premises including property in their care custody and control; personal property of directors and employees / visitors (but not customers or paying guests) not otherwise insured.
Situation: All premises owned occupied or utilised by the insured within the UK including temporary sites (see schedule)
Sums Insured: Buildings Nil Landlords Fixtures & Fittings £50,000 Tenants Improvements £18,961,277 Contents £3,903,324 Computers £6,436,286
Deductible: $1,000 or Sterling Equivalent
Basis of Settlement: Reinstatement
Principal Extensions: The following is a selection of some of the more important extensions applying to your policy. This is not a conclusive list and you must refer to your policy for full details
Temporary Removal of Property - 10% of the Declared Value at each separate location subject to a maximum of £25,000 Removal of Debris - 10% of the Declared Value at each separate location subject to a maximum of £100,000 any one occurrence. Capital Additions - £ 500,000 Inadvertent Omissions - 10% of the Declared Value at each separate location subject to a maximum of £100,000 Replacement of Locks - £ 2,500 Computer Betterment - £ 50,000 Exhibitions - £ 25,000 Personal Effects - £1,000 per person subject to an aggregate of £10,000 per occurrence regardless of the number of employees
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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Principal Exclusions: The following is a selection of some of the more important exclusions applying to your policy. This is not a conclusive list and you must refer to your policy for full details
Marine Risks Sonic Bangs Radioactive Contamination
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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COLUMBIA PICTURES CORPORATION LTD - Property Sums Insured by Location
Landlords Fixtures Tenants Computers Additional Cost of Location & Fittings Contents Improvements Hardware/Software Working
1. 25 Golden Square, London. W1F 9LU Nil £2,320,000 £12,200,000 £1,000,000 £6,000,000
2. 30 Golden Square, London. W1R 6LU Nil £280,000 £6,000,000 £3,000,000 £4,000,000
3 Level 2 , Westgate House, Westgate, Ealing, London W5 1 YY £50,000 £75,000 £150,000 £100,000 £400,000
4. Iron Mountain -Various Storage Locations Nil £794,340 Nil Nil Nil
5. 4 - 6 Riverwalk, Citywest Business Campus, Dublin. 24 Nil £15,000 Nil Nil Nil 6.. 3rd Floor, Data Room 1, Global Switch, East India Dock Nil Nil Nil £2,000,000 Nil House, London. E14 9YY 8. 77/85 Fulham Palace Road, Hammersmith Road, Nil £55,000 £147,000 Nil Nil Hammersmith London 9. New Cavendish Street, London W1G 8TB (Office relocated to Nil Nil £390,000 £25,000 Nil Golden square) 10. 24 Park Royal Metro Centre, Brittania Way NW10 7PA Nil £25,000 Nil Nil £250,000 11. Paddock Wood Distribution Centre, Transfesa Road Nil £122,000 Nil Nil Nil Paddock Wood, Tonbridge, Kent. TN12 6UU 15 Adeline Place, London. WC1B 3AJ Nil £90,000 Nil £92,780 £300,000 7th Floor, The Place, 175 High Holborn Street, London. WC1 7AA Nil £99,787 £74,277 £181,594 £255,000
114, St Martin’s Lane, London. WC2N 4BE Nil £22,197 Nil £31,912 £100,000
Titanic Suites, 55/59 Adelaide Street, Belfast BT2 8FE, Northern Nil £5,000 Nil £5,000 Nil Ireland
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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Total £50,000 £3,903,324 £18,961,277 £6,436,286 £11,305,000
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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Business Interruption Section:
Cover: Additional cost of working necessarily and reasonably incurred to avoid a reduction in Revenue
Risks Insured: As per Property Damage Section
Situation: As per Property Damage Section
Sums Insured: Additional Cost of working £11,305,000
Indemnity Period: 12 Months
Deductible: Nil
Principal Extensions: The following is a selection of some of the more important extensions applying to your policy. This is not a conclusive list and you must refer to your policy for full details
Unspecified Suppliers - £150,000 Unspecified Customers - £150,000 Accountants Fees - £10,000 Contractual Penalties - £10,000 Intergroup Dependency - £1,000,000
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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Employers Liability
Insured: Columbia Pictures Corporation Ltd &/or Subsidiary Companies &/or 2waytraffic UK Rights Ltd &/or MSM Asia Ltd &/or Gogglebox Entertainment Ltd &/or Victory Television LTD &/or Silver River Productions Ltd &/or Left Bank Pictures Ltd &/or LBP Outlander Ltd &/or Dolphin TV Ltd &/or Stellify Media Ltd
Insurer: AIG
Policy No: ELB003571
Period: 1st November 2013 to 31st October 2014
Risk Insured: The Employers Liability insurance provides an indemnity in respect of the Insured’s statutory, common law and contractual liabilities with regard to bodily injury or disease sustained by employees and caused during the period of insurance and arising out of and in the course of the employment by the insured. The policy complies with the requirements of the Employers Liability Compulsory Insurance legislation. In the event of any claim in respect of which the insured would be entitled to receive indemnity under the policy being brought or made against any Public or Local Authority or other Principal the company will indemnify the said Public or Local Authority or other Principal against such claim and/or costs, charges and expenses thereof.
Limit of Indemnity: £10,000,000 any one event or series of events arising from one occurrence
Territorial Limits: Great Britain, Northern Ireland, Isle of Man, Channel Islands and elsewhere in the world in respect of temporary non manual visits
Principal Extensions: The following is a selection of some of the more important extensions applying to your policy. This is not a conclusive list and you must refer to your policy for full details
Indemnity to Principals Clause Contractual Liability Health & Safety at Work-legal Defence Costs Private Work for Directors and/or Executives Unsatisfied Court Judgements Court Attendance Compensation Terrorism Limitation clause - £5,000,000
Principal Exclusions: The following is a selection of some of the more important exclusions applying to your policy. This is not a conclusive list and you must refer to your policy for full details
Work undertaken “offshore” including travel to and from rigs, platforms, support vessels, etc
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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Public & Products Liability
Insured: Columbia Pictures Corporation Ltd &/or Subsidiary Companies &/or 2waytraffic UK Rights Ltd &/or MSM Asia Ltd &/or Gogglebox Entertainment Ltd &/or Victory Television LTD &/or Silver River Productions Ltd &/or Left Bank Pictures Ltd &/or LBP Outlander Ltd &/or Dolphin TV Ltd &/or Stellify Media Ltd
Insurer: AIG
Policy No: PLB003570
Period: 1st November 2013 to 31st October 2014
Summary of Cover: The Insurers will indemnify the Insured against their Legal Liability to pay Compensation including Claimants Costs and Expenses arising from accidental:-
a) Bodily or Personal Injury or b) Damage to property
Occurring within the Geographical limits
Limit of Indemnity: Public Liability $2,000,000 any one occurrence and in the aggregate during the period of insurance
Products Liability $2,000,000 any one occurrence and in the aggregate during the period of insurance
Deductibles: Nil
Geographical Limits: Great Britain, Northern Ireland, Isle of Man, Channel Islands and elsewhere in the world in respect of temporary non-manual visits
Worldwide in respect of products supplied
Principal Extensions: The following is a selection of some of the more important extensions applying to your policy. This is not a conclusive list and you must refer to your policy for full details
Indemnity to Principal Cross Liabilities Compensation for Court Attendance Contingent Motor Liability Data Protection Act 1998 Health & Safety at Work Act – Legal Defence Costs Consumer Protection Act – Legal Defence Costs Defective Premises Act
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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Principal Exclusions: The following is a selection of some of the more important exclusions applying to your policy. This is not a conclusive list and you must refer to your policy for full details
Automobile, Marine and Aviation Liability Advice, Design, Specification and Professional Duty Care, Custody or Control Property being worked on Gradual Pollution (restricted to Sudden and Accidental Pollution only) Contractual Liability Libel and Slander Financial Loss Asbestos
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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Motor Fleet
Insured: Columbia Pictures Corporation Ltd &/or All Subsidiaries
Insurer: Zurich Insurance
Policy No: GL205623/3
Period: 1st November 2013 to 31st October 2014
Vehicles: Any Motor Vehicle or Goods Carrying Vehicle owned by, hired to or on loan to the Insured. (see current vehicles recorded)
Cover: Comprehensive
Class of Use: In connection with the Insured’s business and Social Domestic and Pleasure
Geographical Limits: Great Britain, Northern Ireland, Isle of Man and Channel Islands. This insurance also applies throughout the countries of the European Union and in Croatia, Iceland, Norway and Switzerland. It gives cover at least to the minimum extent required by law of each of these countries.
Risks Insured: Loss of or damage to insured vehicles, including accessories and spare parts whilst theron. Legal liability for death of or bodily injury to and damage to property of Third Parties. Legal Liability extends to passengers in the Insured Vehicle
Limits of Indemnity: Accidental Damage, Fire & Theft Market value Third Party bodily injury including passengers Unlimited Third Party property damage (private cars) £50m Third Party property damage (commercial vehicles) £5m
Excess: £500 Accidental Damage, Fire, Theft and Windscreen excess
Drivers: Any authorised and licensed driver
Principal Extensions: The following is a selection of some of the more important extensions applying to your policy. This is not a conclusive list and you must refer to your policy for full details
Personal Clothing and Effects - £250 limit Medical Expenses - £250 limit
Condition: It is a condition of the policy that you supply such details of the vehicles whose use is covered by the policy as are required by the relevant law applicable to Great Britain and Northern Ireland, for entry on the Motor Insurance Database.
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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Principal Exclusions: The following is a selection of some of the more important exclusions applying to your policy. This is not a conclusive list and you must refer to your policy for full details
Excluding third party working risk for special types, other than as required by Road Traffic Act Excluding damage to aircraft at any airport or airfield Theft of vehicles when the key has been left in the vehicle
Motor Vehicles: Make/Model Registration
BMW X3 Estate AK61 AYD Volvo S60 Geartronic NL11 AYB
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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Engineering Inspection
Insured: Columbia Pictures Corporation Ltd %/or Silver River Productions Ltd
Insurer: Allianz
Policy No: NZ/9794275
Period: 1st November 2013 to 31st October 2014
Long Term Agreement: Expires 31st October 2017
Service Provided: Plant Inspections
Statutory inspection of Property during normal working hours at the locations specified in the schedule within the territorial limits to comply with LOLER & PUWER Regulations
Plant Inspected: In accordance with latest Plant Schedule issued by insurers.
Situation: 25 & 30 Golden Square, London. 15 Adeline Place, London. WC1B 3AJ
Insurance Cover: Fragmentation
Damage by impact to surrounding property belonging to the insured or for which the insured is responsible resulting from fragmentation of any part of the property
Sudden and Unforeseen Damage
Sudden and unforeseen damage (including Accidental Damage, Breakdown, Explosion, or Collapse) to the Insured Property
Limits of Liability: Damage to Own Surrounding Property £2,000,000 Sudden and Unforeseen Damage £500,000 Fragmentation £20,000
Excess: £250 each and every claim – reducing to £ 100 in respect of losses arising from Fragmentation
Definition(s): Breakdown
a) the actual breaking distortion or burning out of any part of the Plant (other than Pressure Plant) while in use arising from mechanical or electrical defects in the Plant (other than Pressure Plant) causing sudden stoppage
b) fracturing of any item of Insured Property by frost which necessitates repair or replacement before it can resume normal working
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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Explosion
The sudden and violent rending of Pressure Plant by force of internal steam or other fluid pressure (other than pressure of chemical action or ignition of the contents of ignited flue gasses) causing bodily displacement of any part of the Pressure Plant together with forcible ejectment of the contents.
Collapse The sudden and dangerous distortion (whether or not attended by rupture) of any part of the Pressure Plant caused by crushing stress by force of steam or other fluid pressure ( other than pressure of chemical action or ignition of the contents or of ignited flue gasses)
Property: Property includes Boiler and Pressure Plant (unless otherwise stated in the Schedule) and shall mean all integral parts of any item of machinery and plant described in the Schedule but excludes even if integral to the Property (unless specifically covered)
a) foundations masonry brickwork chimneys tanks gantries tracks grabs magnets or refractory linings b) materials being processed by or contained in the Insured Property c) office machinery computers or other electronic data processing equipment d) plant or machinery which is prototype experimental or untried e) plant machinery pipes or cables situated underground f) plant or machinery used for the generation of electricity (other than standby diesel engine and generator sets up to one mega watt per set) g) glass lined vessels.
Clauses: The following is a selection of the more important clauses applying to this policy. This list is not conclusive and you must refer to the policy for full details:
Additions to the schedule Temporary removal property Additional property insured Temporary repairs or expediting costs Debris removal costs Measures taken in avoidance of damage
General Condition: Inspections The Insurers shall have the right to inspect the insured Property at all reasonable times during the period of insurance.
The Insurers may make periodical inspections of the Property described in the plant schedule and the Insured agrees to properly prepare and make available the Property at no expense to the Insurers to carry out such inspections and report thereon.
Unless otherwise agreed Insurers shall not carry out or witness any ultrasonic radiographic or other special tests of a non-routine character nor any proof load stability anchorage or similar tests.
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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Principal Exclusions: The following is a selection of the more important exclusions under this policy. This is not a conclusive list and you must refer to the policy for full details:
Damage caused by fire lightning, aircraft, explosion, theft, earthquake, flood perils Corrosion, wear and tear claims Testing, overloading and repair Computer Dates Recognition Terrorism Multiple Lifts Consequential Loss Pollution and Contamination
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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Prepared by Corporate Risk Solutions Lockton Companies LLP 45 Church Street, Birmingham, B3 2RT
This is a summary only of insurance covers you purchase. Please refer to your insurance policy document for specific details.
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