Marina Operators Insurance
Policy Document.
Allianz Marine & Transit Underwriting Agency
As a specialist, our exclusive focus is on providing solutions to clients in the marine, transport and logistics industries.
allianzmarineandtransit.com.au
39833 POL481 AM&T Marina Operators cov_D3.indd 1 7/09/2015 11:11 am
1
Table of contentsPage
Words with special meaning 7
Cover 11
Excess 11
Supplementarypayments 11
Additionalbenefits 12
Optionalbenefits 12
General Policy exclusions 16
A.TypesofProperty 16
B.Activityexclusions 16
C.Typesofclaim 17
D.Perilsexclusions 18
E.Failuretonotify 20
General Policy Conditions 20
Claims 23
Page
Introduction and important notices 2
Aboutthisinsurance 2
WhoistheInsurer? 2
AboutAllianzMarine&TransitUnderwritingAgency 2
OurcontractwithYou 2
UnderstandingYourPolicyanditsimportanttermsandconditions 2
Cover–Summary 3
NoWorkersCompensationcover 3
YourobligationtocomplywiththePolicytermsandconditions 3
Applyingforcover 3
Premium 4
Howtomakeaclaim 4
CancellationrightsunderthePolicy 4
WheretheInsuranceContractsAct1984applies 4
WheretheMarineInsuranceAct1909applies 4
Cancellationnotice 4
Returnsforcancellation 4
Premiumfunders 4
Contactforassistanceorconfirmationofcover 4
Renewalprocedure 4
Alterationtorisk 5
WheretheMarineInsuranceActapplies 5
WheretheInsuranceContractsActapplies 5
YourDutyofDisclosure 5
WhomusttellUs? 5
BreachofconditionorWarranty 5
Privacynotice 5
GeneralInsuranceCodeofPractice 6
Disputeresolutionprocess–helpingYousolveanyproblems 6
Hereiswhattodoifacomplaintordisputearises 6
IfYouarenotsatisfiedwiththeoutcomeofthisprocess 6
Ifthisinsurancehasbeenissuedthroughaninsuranceintermediary 7
39833 POL481 AM&T Marina Operators txt_D3.indd 1 7/09/2015 11:15 am
2
Our contract with YouWhereWeagreetoenterintoaPolicywithYouitisacontractofinsurancebetweenUsandYou(seethedefinitionof“You”fordetailsofwhoiscoveredbythisterm).
ThePolicyconsistsof:
• thisdocumentwhichsetsoutthestandardtermsofYourcoveranditslimitations;
• YourcurrentScheduleissuedbyUs.TheScheduleisaseparatedocument,whichshowstheinsurancedetailsrelevanttoYou.Itmayincludeadditionalterms,conditionsandexclusionsrelevanttoYouthatamendthestandardtermsofthisdocument;
• anyotherchangetothetermsofthePolicyotherwiseadvisedbyUsinwriting(suchasanEndorsement).Thesewrittenchangesmayvaryormodifytheabovedocuments.
Theseareallimportantdocumentsandshouldbecarefullyreadtogetherandkeptinasafeplaceforfuturereference.
Wereservetherighttochangethetermsofthisinsurancewherepermittedtodosobylaw.
AnyneworreplacementScheduleWemaysendYou,detailingchangestoYourinsuranceorthePeriodofInsurance,willbecomethecurrentSchedule,whichYoushouldcarefullyreadandretain.
Understanding Your Policy and its important terms and conditionsToproperlyunderstandthesignificantfeatures,benefitsandrisksofthisinsuranceYouneedtocarefullyread:
• theCoversection,includingthestandardcoversandOptionalCovers;
• therestofthis“Introductionandimportantnotices”section–thissetsouthowYouapplyforcover,thebasisonwhichWeinsureYou,thedutyofdisclosureYouneedtocomplywith,Ourprivacyinformation,Ourdisputeresolutionproceduresandotherimportantinformation;
• the“Wordswithspecialmeaning”section–thissetsoutwhatWemeanbycertainwordsusedinthePolicy.Thesewordsbeginwithacapitalletterthroughoutthisdocument.Eachcoveragesectionmayalsocontaindefinitionsrelevanttothatsection;
• the“GeneralPolicyexclusions”section–thissetsoutthegeneralexclusionsandlimitsthatapplytoallcoversandbenefits;
• the“GeneralPolicyconditions”and“Claims”sections–thesesetoutcertaingeneralrightsandobligationsthatYouandWehave;
Introduction and important noticesAbout this insuranceWelcomeandthankYouforchoosingOurMarinaOperatorsLiabilityInsurance.
Thisisanimportantdocument.Youshouldreaditcarefullybeforemakingadecisiontopurchasethisinsurance.
ItwillhelpYouto:
• decidewhetherthisinsurancewillmeetYourneeds;and
• compareitwithotherproductsYoumaybeconsidering.
PleasenotethatanyrecommendationoropinioninthisdocumentisofageneralnatureonlyanddoesnottakeintoaccountYourobjectives,financialsituationorneeds.
Who is the Insurer?TheinsurerofthisproductisAllianzAustraliaInsuranceLimited(Allianz)AFSLicenceNo.234708,ABN15000122850of2MarketStreetSydney,NSW,2000.
AllianzisoneofAustralia’slargestgeneralinsurers.Weutiliseyearsoflocalexpertise,combinedwithglobalexperiencetoofferawiderangeofproductsandservicestoOurcustomers.AsamemberoftheworldwideAllianzGroup,WearecommittedtocontinuousimprovementofOurproductsandservicesandstrivetoachievethisthroughknowledgetransferwithintheGroup,dedicatedtechnicalresearchunits,sharinggloballynewproductdevelopmentsandawiderangeofriskmanagementservices.
About Allianz Marine & Transit Underwriting AgencyAllianzMarine&TransitUnderwritingAgencyPtyLimitedAFSRepresentativeNo.423910ABN98155554279of61LavenderStreet,MilsonsPoint,NSW2061isanAustralianorganisationthatspecialisesinprovidinginsuranceproductsforCargo,CommercialHullandMarineLiabilities.
AllianzMarine&TransitUnderwritingAgencyPtyLimitedhasbeengivena“binding”authoritybyAllianztoissue,varyanddisposeofthisinsuranceandsettleclaimsasagentsofAllianzasiftheywereAllianz,theinsurer.
InthePolicydocumentWerefertoAllianzAustraliaLimitedactingthroughitsagentAllianzMarine&TransitUnderwritingAgencyPtyLimitedas“We”,“Us”,“Our”and“Allianz”.
39833 POL481 AM&T Marina Operators txt_D3.indd 2 7/09/2015 11:15 am
3
No Workers Compensation cover
ThisPolicydoesnotincludeworkerscompensationcover.Suchcoveriscompulsoryforemployers(exceptexemptemployers)andYoushouldarrangeseparateinsurance.
Your obligation to comply with the Policy terms and conditions
YouarerequiredtocomplywiththetermsandconditionsofthePolicy.PleaserememberthatifYoudonotcomplywithanytermorcondition,Wemay(totheextentpermittedbylaw)declineorreduceanyclaimpaymentand/orcancelYourPolicy.
IfmorethanonepersonisinsuredunderthePolicy,afailureorwrongfulactionbyoneofthosepersonsmayadverselyaffecttherightsofanyotherpersoninsuredunderthePolicy.
Applying for coverWhenYouapplybycompletingOurapplicationprocessYouneedtoprovidetheinformationWerequiretodeterminewhethertoissueaPolicyandifso,onwhatterms,including(totheextenttheyareoptional):
• thecoversandbenefitsYouwant(includingthepropertyand/orbusinessactivitiesYouwishtocover):
• thelimitsYouwant;
• thePeriodofInsuranceYouwant;
• theExcessthatYouagreetocontributeforcertainclaims;
• whetheranystandardtermsneedtobevaried(thismaybebywayofanEndorsement).
WhereWeagreetoissueaPolicy,coverisprovidedonthebasis:
• thatYouhavepaidoragreedtopayUsthePremiumforthecoverprovided;
• oftheverbaland/orwritteninformationprovidedbyYouwhichmusthavegiveninaccordancewithYourDutyofDisclosureeitherverballyorinwriting.
IfYoufailtocomplywithYourDutyofDisclosureorhavemadeamisrepresentationtoUs,WemaybeentitledtoreduceOurliabilityunderthePolicyinrespectofaclaimand/orWemaycancelthePolicy.IfYouhavetoldUssomethingwhichisfraudulent,WealsohavetheoptionofavoidingthePolicy(i.e.treatingitasifitneverexisted).
YourDutyofDisclosureandtheconsequencesofnondisclosure,areprovidedundertheheading‘YourDutyofDisclosure’.
• allofthedocumentsthatmakeupthePolicy,includingtheScheduleandanyEndorsementsorotherwrittenchangestothecoverWeissueYouwith–thesecontainspecificdetailsrelevanttoYouandcanaffectthecover.
Headingshavebeenincludedforeaseofreferenceonly.TheprovisionsofthePolicyarenottobeconstruedorinterpretedbyreferencetosuchheadings.
WhenYouenterintothePolicyYouconfirmandwarrantthatYouhavereadorwillreadthePolicydocumentswhenprovidedtoYou.
Cover – SummaryPleasenotethatthisisalimitedsummaryonlyandnotafulldescriptionofthecover.Thecoverissubjecttoterms,conditions,exclusionsandlimitationsandanyEndorsementsapplyingtothePolicythatarenotlistedinthesummary.YouneedtoreadthePolicyinfulltoproperlyunderstandthecoverprovided.
ThisPolicycoversYouforamountsthatYouarelegallyliabletopayasCompensationforcertainthirdpartyPersonalInjuryand/orPropertyDamagewhichoccursinconnectionwithYourMarinaBusiness(asdefined).
Additionalbenefitsarealsoprovidedfor:
• Salvage/removalofwreck;and
• IncidentalWatercraftRepairWork.
WecoverYouforOccurrenceswhicharisewithintheTerritoriallimitsandduringthePeriodofInsuranceshownontheScheduleandthemaximumamountWewillpayunderthePolicywillnotexceedtheLimitofLiabilityshownontheSchedule.
AnumberofOptionalbenefitsarealsoavailableforanadditionalPremium.Ifselected,anyapplicablebenefitsWeagreetoprovidecoverfor,PeriodofIndemnity,ExcessorspecialconditionswillbeshownontheSchedule.
TheavailableOptionalbenefitsare:
1. Pollutionliability;
2. Chandlery/IncidentalMarineSales;
3. Catering;
4. P&IEndorsement;
5. InspectionsandValuations–ErrorsandOmissions;
6. PiersandPontoons–MaterialDamage(includingfloatingquays,jettiesanddocks);and
7. LossofEarningsonPiersandPontoons(onlyavailableifOptionalBenefit6–PiersandPontoons–MaterialDamageisselected).
WeonlycoverthosepartiesshownintheScheduleunlessotherwisestatedinthePolicyasbeingapersonorentityentitledtocover.
39833 POL481 AM&T Marina Operators txt_D3.indd 3 7/09/2015 11:15 am
4
PremiumYourPremium–thebasePremiumWechargeiscalculatedbasedonanumberoffactorssuchas:
• thecoverandbenefitsprovidedincludingtheLimitofLiability;
• theservicesYouprovideandYourtotalgrossreceiptsgeneratedbyYourbusiness;and
• Ourobligationtopayrelevantgovernmenttaxesandcharges.Forexample,WeincludeanamountthatcoversstampdutyandGSTpayableinrelationtothePolicy.
WhenYouapplyforthisinsurance,YouwillbeadvisedofthetotalPremiumamountpayable,whenitneedstobepaidandhowitcanbepaid.ThisamountwillbesetoutintheSchedule,whichwillbesenttoYouaftertheentryintothePolicy.IfYoufailtopayWemayreduceanyclaimpaymentbytheamountofPremiumowingand/orcancelthePolicy.
How to make a claimIfYouneedtomakeaclaimunderthePolicy,pleaserefertotheClaimsSectiononpage23.
Cancellation rights under the Policya) YouorYourbrokeronYourbehalfmaycancelYour
PolicyatanytimebynotifyingUsinwriting;
b) WehavetherighttocancelYourPolicywherepermittedbylaw.
Where the Insurance Contracts Act 1984 applies
TheInsuranceContractsAct1984permitsUstocancelpoliciesinanumberofsituations,includingbutnotlimitedto:
(i) whereYoufailedtocomplywithYourDutyofDisclosure;or
(ii) whereYouhavemadeamisrepresentationtoUsduringnegotiationspriortotheissueofYourPolicy;or
(iii)whereYoufailedtocomplywithaprovisionofYourPolicy,includingthetermrelatingtopaymentofPremium;or
(iv)whereYoumadeafraudulentclaimunderYourPolicyorundersomeothercontractofinsurancethatprovidescoverduringthesameperiodoftimethatYourPolicycoversYou.
Where the Marine Insurance Act 1909 applies
WemaycancelthisPolicyintheeventofnon-paymentofthePremiumorforanyotherreasonavailableatlawbygiving30daysnoticeofcancellation.
Cancellation notice
IfWedecidetocancelYourPolicy,WewillgivenoticetoYouorYouragentinwriting.Suchnoticewillbeeffectivefrom4pmonthethirdbusinessdayafterthedayitisgiventoYouorYouragent,unlessitspecifiesalaterdate.
Note:ApostednoticeisdeemedgiventoYouatthetimeitwouldhavebeendeliveredintheordinarycourseofthepostalservice.
Returns for cancellation
IfYouorWecancelYourPolicyWemaydeduct:
(i) aprorataproportionofthePremiumfortimeonrisk;
(ii) 10%ofthePremiumremainingafterapplyingClause(i)above,asadministrativecostsrelatedtotheacquisitionandterminationofYourPolicy;and
(iii)anygovernmenttaxesordutiesWecannotrecover.
IntheeventthatYouhavemadeaclaimunderYourPolicyorcircumstanceshavearisenentitlingYoutomakeaclaim,noreturnofPremiumwillbemadeforanyunusedportionofthePremium.
Premium funders
IfthePremiumhasbeenfundedbyapremiumfundingcompanywhichholdsalegalrightoverthePolicybyvirtueofanoticeofassignmentand/orirrevocablepowerofattorney,anyrefundpayable(ifany)calculatedinaccordancewiththe“Returnsoncancellation”clauseabove,willbemadetothepremiumfundingcompany.
Contact for assistance or confirmation of coverIfYouneedtoconfirmanyPolicytransactionorclarifyanyoftheinformationcontainedinthisdocumentorifYouhaveanyotherqueries,pleasecontactUsviathedetailsonthebackcover.
Renewal procedureBeforeYourPolicyexpires,WewilladviseYouwhetherWeintendtoofferrenewalandifsoonwhatterms.
ThisdocumentalsoappliesforanyotherrenewalWemake,unlessWetellYouotherwise.
ItisimportantthatYoucheckthetermsofanyrenewalbeforerenewingtosatisfyYourselfthatthedetailsarecorrectandthattheLimitofLiabilityandthelevelsofcoverareappropriateforYoutoensurethatYouareproperlycoveredintheeventofamajorclaim.
PleasenotethatYouneedtocomplywithYourDutyofDisclosurebeforeeachrenewal(seebelow).
39833 POL481 AM&T Marina Operators txt_D3.indd 4 7/09/2015 11:15 am
5
Alteration to riskWhere the Marine Insurance Act applies
YoumustgiveUsimmediatenoticeinwritingifthereisanymaterialchangeinthecircumstancesornatureoftheriskscoveredbythisPolicy,ornoclaimarisingafterthechangeshallbepayableunlessWehaveagreedtothechangeinwriting.
Where the Insurance Contracts Act applies
IfYoubecomeawareofanychangestothefactsorcircumstanceswhichexistedwhenthisinsurancecommencedthatalterthenatureoftheriskinsuredunderthePolicyinawaythatwouldincreasetheriskofloss,Damageorliability,YoumustadviseUsimmediately.WhenWereceivenotificationofachangeWemaydecidetoagreetothechangeandadjustthePremiumortermsofthePolicy,orcancelthePolicy.
RegardlessofOurdecision,WewillinformYouinwritingand,whereWehaveagreedtothechanges,YoumustpayUsanyadditionalPremiumWemayrequire.
ExamplesofalterationsofriskwhichYoumustnotifytoUsare:
• thenature,ortype,ofYourMarinaBusinessorbusinessactivitiescoveredunderthisPolicy;
• permanentortemporaryalteration(whichincludesoccupation,useandphysicalchanges)topropertysituatedatorbroughtontotheMarinawhichincreasestheriskofloss,Damageorliability;and
• changestopropertyinsured.
Your Duty of DisclosureBeforeYouenterintoaPolicywithUs,YouhaveadutyundertheInsuranceContractsAct1984andtheMarineInsuranceAct1909(asapplicable)totellUsanythingYouknow,orcouldreasonablybeexpectedtoknow,mayaffectOurdecisionwhethertoinsureYouandonwhatterms.
ThisdutyappliesuntilWeagreetoinsureYou.
YouhavethesamedutybeforeYourenew,extend,varyorreinstateaninsurancecontract.
Youdon’tneedtotellUsanythingthat:
• reducesOurrisk;
• iscommonknowledge;
• thatWeknoworshouldknowasaninsurer;or
• WetellYouWedon’tneedtoknow.
If You do not tell Us something
Where the Insurance Contracts Act appliesIfYoufailtocomply,WemaycancelYourPolicyand/orreducetheamountWepayforaclaim.IffraudisinvolvedWemayavoidthePolicyfromthebeginning.
Where the Marine Insurance Act 1909 appliesWheretheMarineInsuranceAct1909applies,ifYoufailtocomplywithYourdutyofdisclosure,Wemayavoidthecontractfromitsbeginning.
Who must tell Us?
EveryonewhoisinsuredunderthePolicymustanswerthequestionsinthisway.
Breach of condition or WarrantyWhere the Insurance Contracts Act 1984 applies
ThelawgivesUsanumberofrightsifYoudonotcomplywiththeconditionsofthisPolicy.InparticularcasesWemaybeableto:
• cancelthePolicy;
• avoidthePolicyfromthecommencementdateofthePeriodofInsurance;
• refusetopayaclaim;or
• reducetheamounttobepaidoutonaclaim.
Where the Marine Insurance Act 1909 applies
Warrantiesareconditionsmustbeexactlycompliedwith,whethermaterialtotheriskornot.UndertheMarineInsuranceAct1909,whereapplicable,iftheyarenotcompliedwith,then,subjecttoanyexpressprovisionsinthePolicy,WearedischargedfromliabilityasfromthedateofthebreachoftheWarranty,butwithoutprejudicetoanyliabilityincurredbyUsbeforethatdate.
Privacy noticeAtAllianz,WegiveprioritytoprotectingtheprivacyofYourpersonalinformation.WedothisbyhandlingpersonalinformationinaresponsiblemannerandinaccordancewiththePrivacy Act 1988 (Cth).
How We collect Your personal information
WeusuallycollectYourpersonalinformationfromYouorYouragents.WemayalsocollectitfromOuragentsandserviceproviders;otherinsurersandinsurancereferencebureaus;peoplewhoareinvolvedinaclaimorassistUsininvestigatingorprocessingclaims,includingthirdpartiesclaimingunderYourPolicy,witnessesandmedicalpractitioners;thirdpartieswhomaybearranginginsurancecoverforagroupthatYouareapartof;lawenforcement,disputeresolution,statutoryandregulatorybodies;marketinglistsandindustrydatabases;andpubliclyavailablesources.
Why We collect Your personal information
WecollectYourpersonalinformationtoenableUstoprovideOurproductsandservices,includingtoprocessandsettleclaims;offerOurproductsandservicesandthoseofOurrelatedcompanies,brokers,intermediaries
39833 POL481 AM&T Marina Operators txt_D3.indd 5 7/09/2015 11:15 am
6
andbusinesspartnersthatmayinterestYou;andconductmarketorcustomerresearchtodeterminethoseproductsorservicesthatmaysuitYou.YoucanchoosenottoreceiveproductorserviceofferingsfromUs(includingproductorserviceofferingsfromUsonbehalfofOurbrokers,intermediariesand/orOurbusinesspartners)orOurrelatedcompaniesbycallingtheAllianzDirectMarketingPrivacyServiceLineon1300360529,EST8am-6pmMondaytoFriday,orgoingtoOurwebsite’sPrivacysectionatwww.allianz.com.au.
Who We disclose Your personal information to
WemaydiscloseYourpersonalinformationtootherswithwhomWehavebusinessarrangementsforthepurposeslistedintheparagraphaboveortoenablethemtooffertheirproductsandservicestoYou.Thesepartiesmayincludeinsurers,intermediaries,reinsurers,insurancereferencebureaus,relatedcompanies,Ouradvisers,personsinvolvedinclaims,externalclaimsdatacollectorsandverifiers,partiesthatWehaveaninsuranceschemeinplacewithunderwhichYoupurchasedYourPolicy(suchasafinancierormotorvehiclemanufacturerand/ordealer).Disclosuremayalsobemadetogovernment,lawenforcement,disputeresolution,statutoryorregulatorybodies,orasrequiredbylaw.
Disclosure overseas
YourpersonalinformationmaybedisclosedtoothercompaniesintheAllianzGroup,businesspartners,reinsurersandserviceprovidersthatmaybelocatedinAustraliaoroverseas.Thecountriestowhichthisinformationmaybedisclosedwillvaryfromtimetotime,butmayincludeCanada,Germany,NewZealand,UnitedStatesofAmericaandothercountriesinwhichtheAllianzGrouphasapresenceorengagessubcontractors.WeregularlyreviewthesecurityofOursystemsusedforsendingpersonalinformationoverseas.Anyinformationdisclosedmayonlybeusedforthepurposesofcollectiondetailedaboveandsystemadministration.
Access to Your personal information and complaints
YoumayaskforaccesstothepersonalinformationWeholdaboutYouandseekcorrectionbycalling1300360529EST8am-6pm,MondaytoFriday.OurPrivacyPolicycontainsdetailsabouthowYoumaymakeacomplaintaboutabreachoftheprivacyprinciplescontainedinthePrivacy Act 1988 (Cth)andhowWedealwithcomplaints.OurPrivacyPolicyisavailableatwww.allianz.com.au.
Telephone call recording
Wemayrecordincomingand/oroutgoingtelephonecallsfortrainingorverificationpurposes.WhereWehaverecordedatelephonecall,WecanprovideYouwithacopyatYourrequest,whereitisreasonabletodoso.
General Insurance Code of PracticeTheGeneralInsuranceCodeofPracticewasdevelopedbytheInsuranceCouncilofAustraliatofurtherraisestandardsofpracticeandserviceacrosstheinsuranceindustry.YoucanobtainmoreinformationontheCodeofPracticeandhowitassistsYoubycontactingUs.Contactdetailsareprovidedonthebackcoverofthisdocument.
Dispute resolution process – helping You solve any problemsComplaintsordisputesarenotaneverydayoccurrenceatAllianz.WestrivetodothingstherightwayandkeepOurcustomershappy.
Sometimesthough,complaintsordisputesdooccurandwhenthishappens,Ourobjectiveistoresolveanydisagreementasamicablyandasquicklyaspossible.WebelievethebestwaytoachievethisistoprovideYouwithanopportunityforanunbiasedreviewoftheissue.
Here is what to do if a complaint or dispute arises
RegardlessofwhetherthecomplaintordisputeinvolvesOurstaff,anagent,lossadjuster,assessor,investigatorortheserviceWeprovide,simplycontactUson132664EST8am-6pm,MondaytoFriday,speaktooneofOurcallcentreoperatorsandprovidethemwiththedetailsoftheissueconcerningYou.Theywillattempttoresolvethecomplaintordispute,iftheyareunabletodosotheywilllogitandreferittotheappropriatebusinessunitforresolution.
WithinOurorganisationWehaveestablishedacomplaintsanddisputesresolutionprocess.Thisisafreeservice.Itisasystemdesignedtolog,track,escalateandmonitorcomplaintsreceivedfromclientsandcustomersaboutOurservicesandproducts.AstaffmemberinvolvedinthecomplaintsanddisputesresolutionprocesswillwritetoYouwithin15workingdaysadvisingtheoutcomeofthereviewandreasonsfortheirdecision.WedonotconsideracomplaintordisputetoberesolveduntilaproposedresolutionorsolutionhasbeencommunicatedtoYouandYouhaveacceptedtheresolutionorsolution.
If You are not satisfied with the outcome of this process
IfWeareunabletoresolvethecomplaintordispute,WewilladviseYouaboutanyexternaldisputeresolutionoptionsthatareavailableoradviseYoutoseekindependentlegaladvice.
39833 POL481 AM&T Marina Operators txt_D3.indd 6 7/09/2015 11:15 am
7
If this insurance has been issued through an insurance intermediaryIfYourPolicyhasbeenissuedthroughOuragent,orabrokerwhoisactingunderanagencyarrangementsuchasabinderwithUs,thentheyareactingasOuragentandnotasYouragent.
IfYourPolicyhasbeenissuedbyabroker,otherthanabrokeractingundersuchanagencyarrangementwithUs,thenthebrokerisactingasYouragent.
WherethisPolicyhasbeenarrangedthroughanintermediaryacommissionispayablebyUstothemforarrangingtheinsurance.
Words with special meaningThesedefinitionshavespecialmeaningandapplytoallsectionsofthePolicy,unlesstheyaredefineddifferentlyintherelevantSection.
Accident/Accidental meansasudden,unforeseenandunintendedhappening.
Act of Terrorism includesanyact,orpreparationforaction,orthreatofactiondesignedtoinfluencethegovernmentdejureordefactoofanynationoranypoliticaldivisionthereof,orinpursuitofpolitical,religious,ideologicalorsimilarpurposestointimidatethepublicorasectionofthepublicofanynationbyanypersonorgroup(s)ofpersons,whetheractingaloneoronbehalfoforinconnectionwithanyorganisation(s)orgovernment(s)dejureordefacto,andwhich:
a) involvesviolenceagainstoneormorepersons;or
b) involvesDamagetoproperty;or
c) endangerslifeotherthanthatofthepersoncommittingtheaction;or
d) createsarisktohealthorsafetyofthepublicorasectionofthepublic;or
e) isdesignedtointerferewithortodisruptanelectronicsystem.
Aircraft meansanyvessel,craftordevicemadeorintendedtoflyormoveinorthroughtheatmosphereorspace.
Building(s) meanthebuilding(s)attheSituation(s),includingoutbuildings,breakwaters,undergroundservices,walls,gatesandfences,signs,hailnets,landlord’sfixturesandfittingsofeverykindanddescriptionandadditionsformingpartofthebuildingcomplex,travelhoistsandfixedliftingandhandlingequipment.
Compensation meansmoneypayablebywayofdamagesbyreasonofajudgementorderedbyaCourtofcompetentjurisdiction,orbyreasonofanyawardofacompetentarbitraltribunal,orbyreasonofanysettlementofanyclaimnegotiatedwithOurpriorconsentbutexcludespunitive,exemplary,aggravateddamagesandanyadditionaldamagesresultingfromthemultiplicationofcompensatoryDamages.
Damage(d) meansphysicalloss,physicaldestructionorphysicaldamage.
Daily Indemnity inrelationtoOptionalbenefit7onpage14only,meansthemaximumamountWeshallpayforeach24hoursaftertheexpirationoftheExcessperiodduringwhichthePiersandPontoonsarepreventedfromgeneratingTurnover.
39833 POL481 AM&T Marina Operators txt_D3.indd 7 7/09/2015 11:15 am
8
Employment Practices meansanywrongfulorunfairdismissal,failuretopromote,negligentreassignment,negligentdisciplinaryaction,denialofnaturaljustice,refusaltoemploy,demotion,negligentevaluation,harassment,invasionofprivacy,defamation,misleadingrepresentationoradvertising,sexualharassmentordiscriminationinrespectofemployment,orprospectiveemployment,byYou.
Employee meansanypersonemployedbyYouordeemedtobeemployedbyYouoronYourbehalfinanycapacitypursuanttoanylaw,butnotincludingSubcontractorsortheworkersofSubcontractors.
Endorsement meansdocumentaryevidenceofanamendmenttothisPolicyortheSchedulewhichformspartofthePolicy.
Event meansanyoneeventorseriesofeventsarisingfromanyoneoriginatingsourceorcause.
Excess meanstheamountofmoneyspecifiedintheScheduleorPolicyastheExcessthatYoumustcontributeasthefirstpaymentforeachclaim.
InrespectofOptionalbenefit7onpage14theapplicableExcessisspecifiedasanumberofdaysthatthePiersorPontoonsarepreventedfromgeneratingTurnoverforwhichnopaymentwillbemadebyUs.
Family Member meansanypersonwhoisorwasatanytime:
a) Yourparent,siblingorchild;
b) Yourspouse,SpouseEquivalent,ordomesticcompanion;or
c) aparent,siblingorchildofapersoninClauseb)above.
Floodmeansthecoveringofnormallydrylandbywaterthathasescapedorbeenreleasedfromthenormalconfinesofanyofthefollowing:
a) alake(whetherornotithasbeenalteredormodified);
b) ariver(whetherornotithasbeenalteredormodified);
c) acreek(whetherornotithasbeenalteredormodified);
d) anothernaturalwatercourse(whetherornotithasbeenalteredormodified);
e) areservoir;
f) acanal;
g) adam.
Fungus/Fungi meansanyplantsororganismsbelongingtothemajorgroupfungi,lackingchlorophyllandincludingMoulds,rusts,mildews,smutsandmushrooms.
Gross Earnings meansthetotalcharges(collectedoruncollected)madebyYouinrelationtoYourMarinaBusinessduringthePeriodofInsurancewhichareincludedintherevenuefiguresstatedinYourannualprofitandlossstatement/statementoffinancialperformance.NodeductionshallbemadefromtheGrossEarningsinrespectofanysub-contractedwork,however,theamountearnedinrespectofanyactivitiesnotinsuredunderthisPolicywillnotbetakenintoaccountincalculatingthePremiumpayable.
Gross Revenue inrelationtoOptionalbenefit7onpage14only,meanstheTurnovergeneratedbythePiersandPontoonsinsuredduringthe12monthsimmediatelybeforethedateoftheDamage.
Hovercraft meansanyvessel,craftordevicemadeorintendedtofloatonorinortravelonorthroughtheatmosphereorwateronacushionofairprovidedbyadownwardblast.
Incidental Contracts means:
a) anywrittenrentalagreementorleaseofrealpropertywhichdoesnotimposeonYou:
(i) anobligationtoinsuresuchproperty;or
(ii) anyliabilityregardlessoffault;
b) anywrittencontractwithanypublicauthorityforthesupplyofwater,electricity,fuel,gas,air,steam,wastedisposalfacilities,telecommunications,orotheressentialservices/utilitiesexceptthosecontractsinconnectionwithworkdoneforsuchauthoritiesorentities,butonlytotheextentofindemnifyinganysuchauthorityinrespectofliabilityarisingoutofYourMarinaBusiness.
Incidental Watercraft Repair Work means:
a) painting,detailing,antifouling,marinetrimming,interiorcabinetwork/joinery,changingoil,changingsparkplugs,tuningofmotors;riggingandrepairofsails;
b) TrialTripsfollowingtheaboveworknotexceeding15kmfromtheMarina;
wheretherevenueYouderivefromsuchworkconstituteslessthan20%ofYourtotalGrossEarningsor$200,000,whicheveristhelesser,asatthecommencementofthePeriodofInsurance.
Insuredmeansthepersonorentity(ies)withwhomWehaveenteredintothePolicy.Theyarethecontractinginsured.
Limit of Liability meanstheamountstatedinthemostcurrentSchedulewhichisthemaximumamountWewillpayforanyclaimorclaimsarisingfromoneOccurrence,subjecttoanyparticularSublimits,unlessthePolicyspecificallystatesotherwise.
39833 POL481 AM&T Marina Operators txt_D3.indd 8 7/09/2015 11:15 am
9
d) pontoons;and
e) docks;
thatdonotformpartofanyBuildingwhichisusedatYourMarinaandwhichareusedintheprovisionofYourMarinaBusinessactivitiesforthepurposeofberthingormooringofWatercraft.
Policy meansthisdocument,theScheduleandanyEndorsement,specification,attachmentormemorandaaffixedtoitandanyotherdocumentthatpartiesagreeinwritingwillformpartofthePolicy.
Pollutants meansanysolid,liquid,gaseousorthermalirritantorcontaminant,includingbutnotlimitedtosmoke,vapour,soot,fumes,acids,alkalis,chemicalsorwaste.Wasteincludesmaterialtoberecycled,reconditionedorreclaimedorotherirritantsandcontaminants.
Pollution meansthedischarge,dispersal,releaseorescapeofPollutantsintooruponanyproperty,land,theatmosphereoranywatercourseorbodyofwater(includinggroundwater).
Premium meansthepremiumspecifiedinthecurrentScheduleandanyEndorsementpremiumplusanyapplicablegovernmentcharges.
Products meansanything(afterithasceasedtobeinYourphysicalpossessionorunderYourcontrol)manufacturedordeemedtohavebeenmanufactured,constructed,extracted,produced,processed,assembled,erected,installed,repaired,serviced,treated,sold,supplied(includingservices)ordistributedbyYou,butexcluding:
a) second–handorusedparts;
b) anyitemwhichdoesnotformpartoftherepair,installation,assemblyormaintenanceworkcarriedoutbyYouonWatercraftunlessYouhaverequestedandWehaveagreedtoprovidetheOptionalbenefit2–Chandlery/IncidentalMarineSalesandthenonlytotheextentofcoverprovidedunderthatOptionalBenefit.
Property Damage means:
a) Damageto,physicallossoforphysicaldestructionoftangiblepropertythatoccursduringthePeriodofInsurance,includinganyresultantlossofuse;or
b) lossofuseoftangiblepropertythathasnotbeenphysicallyDamaged,physicallylostorphysicallydestroyed,providedsuchlossofuseiscausedbyDamageto,physicallossof,orphysicaldestructionof,othertangiblepropertythatoccursduringthePeriodofInsurance.
Proposal meanstheapplicationformcompletedbyYouoronYourbehalforthequotationslipsubmittedonYourbehalfinwhichYouprovidedtheinformationuponwhichWereliedtoenterintoYourPolicy.
ForalllegalliabilitydirectlyorindirectlyarisingoutoforinanywayrelatedtoYourProducts,OurtotalaggregateliabilityduringanyonePeriodofInsurancewillnotexceedtheLimitofLiabilityspecified.
TheLimitofLiabilityisinclusiveofandnotadditionaltoanyapplicableExcess.
Marina meansthelandandBuildingsorpartsofBuildings,includingcarparks,yard,berthsandfacilitiesowned,leased,occupiedorusedexclusivelybyYoumakingupthefacilitywhereYouperformYourMarinaBusinessattheSituation(s)notedintheSchedule.
Mould meansanysuperficialgrowthproducedondampordecayingorganicmatteroronlivingorganisms,andFungithatproducedmoulds.
Net Income inrelationtoOptionalbenefit7onpage14only,meansYourtotalearningsforthePiersandPontoonsinsuredreflectingGrossRevenuelessaverageRunningCosts,interest,taxesandotherexpensesduringtheprevious12monthsfortheperiodduringwhichtheGrossRevenueaccrued.
Occurrence meansanyEventresultinginPersonalInjuryorPropertyDamageandwhichisneitherexpectednorintendedbyYou.AnyseriesofEventsconsequentuponorattributabletoonesourceororiginatingcause,includingcontinuousorrepeatedexposuretosubstantiallythesamegeneralconditions,whichresultinPersonalInjuryand/orPropertyDamage,aredeemedtobeoneOccurrence.
Optional Benefit meanstheoptionalbenefitdescribedasbeingavailableinYourPolicy.OptionalBenefitsthatarecoveredareshownasbeingoperativeintheSchedule.
Parts and Accessories meansreplacementpartsandaccessoriesforWatercraft.
Period of Insurance meanstheperiodcommencingontheeffectivedateandendingat4pmintheStateorTerritoryofAustraliainwhichthePolicyisissuedontheExpiryDateasshownintheSchedule.
Period of Indemnity inrelationtoOptionalbenefit7onpage14only,meanstheperiodbeginningwiththeOccurrenceofthelossorDamagetothePiersandPontoonsinsuredandendingnotlaterthanthenumberofdaysspecifiedintheSchedulethereafterduringwhichtheNetIncomegeneratedbythePiersandPontoonsisnegativelyaffectedasaresultofthelossorDamage.
Personal Injury meansdeath,bodilyinjury,sickness,disease,disability,shock,fright,lossofconsortium,mentalanguishandmentalinjury.
Piers and Pontoons meansfloating:
a) piers;
b) quays;
c) jetties;
39833 POL481 AM&T Marina Operators txt_D3.indd 9 7/09/2015 11:15 am
10
Running Costs meansdirectcostsrelatedtokeepingthePiersandPontoonsmaintained,basedontheaveragedirectcostsduringthe12monthspriortothelossorDamagetothePiersandPontoons.
Salvage Charges meansreasonablechargesandexpensesincurredbyYouinpreventingorminimisinganylossorDamagetoYourPiersandPontoons.
Schedule meansthemostcurrentScheduletoYourPolicythatWegiveYouwhichspecifiesdetailssuchastheOptionalBenefitsapplicable,thePolicynumber,Excess(es),LimitsofLiability,geographicalareaofoperations,SublimitsandPremium.ItalsoincludesanydocumentsthatWeandYouagreeinwritingwillformpartoftheSchedule.
Seameansalloceans,seas,bays,portsortidalwaters.
Situation(s)meanstheSituation(s)statedintheSchedule.
Spore(s) meansanydormantorreproductivebodyproducedbyorarisingoremanatingoutofanyFungus/Fungi,Mould(s),mildew,plants,organismsormicroorganisms.
Spouse Equivalent meansaperson,whetherofthesamesexornot,whoordinarilyliveswithYouinagenuinepersonalanddomesticrelationshipsimilartotherelationshipofhusbandandwife.
Storm meansadverseorunusualweatherandSeaconditionswhichhavebeencausedbywindsmeasuringForce10ormoreontheBeaufortwindscale.
Subcontractorsmeanscompanies,personsorabusiness(andtheemployeesofsuchcompanies,personsorbusiness),whoarenotYourEmployees,engagedbyYoutoperformworkassociatedwithYourMarinaBusiness.
Sub limit meanstherelevantsublimitshowninthePolicyforaparticularitemorEventthatWewillnotpaymorethan.
Sum Insured meanstheamountstatedintheScheduleforinsuredPiersandPontoons,beingthemaximumamountWewillpayforanyonelossorseriesoflossesarisingfromtheoneEventforlossorDamagetotheseitems,inclusiveofandnotadditionaltoanyapplicableExcess.
Territorial Limits meansthatgeographicalareaanywherewithintheconfinesoftheMarina.
Total Loss meansthelossoforDamagetoYourPiersandPontoonswhichWeconsidertobeuneconomicaltorepair,orwhichrequiresrepairscostingmorethantheSumInsuredvalueofthePiersandPontoons.
Trial Trip meansatrialtripfromtheMarinaatwhichIncidentalWatercraftRepairWorkhasbeencarriedoutwhichiswithin15kilometresoftheMarina.
Turnover inrelationtoOptionalBenefit7onpage14only,meansthemoney(lessdiscounts,ifanyallowed)generatedbythePiersandPontoonsinsuredinthecourseofYourMarinaBusinessattheSituation.
Vehicle(s) meansanytypeofselfpoweredmachineonwheelsoronself-laidtracks(otherthanship-lifters,marinetravellifts,jinkers,slipways,cradlesoranyothermobileship-liftingdevice)andanytrailerorotherattachmentmadeorintendedtobedrawnbysuchmachine.
Vehicledoesnotincludeanymachine,trailerorattachmentthatismadetotravel,move,operateorbedrawnonrailtracksorbyapulley,conveyororcablesystem,includingbutnotlimitedtogondolasandchairlifts.
WarrantymeansYouwillundertakethatsomeparticularthingshallorshallnotbedoneorthatsomeconditionsshallbefulfilledorthatYouaffirmornegativetheexistenceofaparticularstateoffacts.TheWarrantymaybeexpressorimplied.
Watercraft meansanyvessel,craftorthing(otherthanaHovercraftorsubmersible,fixedpontoons,berthsorjetties)designedtofloatonorinortravelonorthroughwater.
We,Us,Our,AllianzmeansAllianzAustraliaInsuranceLimitedAFSLicenceNo.234708ABN15000122850(theinsurerofYourPolicy),actingthroughitsagentAllianzMarine&TransitUnderwritingAgencyPtyLimitedAFSRepresentativeNo.423910ABN98155554279.
Workers Compensation Law meansanylawrelatingtocompensationforinjurytoEmployees.
You,Your(s)means:
a) theInsuredshownintheSchedule;
b) anysubsidiarycompaniesoftheInsuredreferredtoinClausea)above,existingatthecommencementdateofthePeriodofInsuranceasshownintheSchedule,whoseplaceofincorporationiswithinAustraliaoritsexternalterritories;
c) and:
(i) anycompanyacquiredby,andwhoseoperationsarecontrolledandmanagedby,YouoracompanyreferredtoinClauseb)aboveduringthePeriodofInsuranceasaresultofconsolidation,mergerorpurchase;
(ii) anysubsidiarycompanythatisincorporatedbyYou,orbyacompanyreferredtoinClauseb.above,duringthePeriodofInsurance;
Providedthat:
(iii) anysuchacquisitionorincorporationisnotifiedtoUswithinninety(90)daysthereof;
(iv) thenewly-acquiredorincorporatedcompanyisincorporatedwithinAustraliaoritsexternalterritories;
39833 POL481 AM&T Marina Operators txt_D3.indd 10 7/09/2015 11:15 am
11
CoverSubjecttotheterms,conditionsandexclusionscontainedinthisPolicyWewillindemnifyYou,uptotheLimitofLiabilityexpressedintheSchedule,forallamountswhichYoubecomelegallyliabletopayasCompensationforPersonalInjurytoothersand/orPropertyDamageofothersfirstoccurringasaresultofanOccurrenceinconnectionwithYourMarinaBusinessorarisingoutoftheuseofthefloatingPiersandPontoonslocatedattheMarina(includinganyneglectorfailuretoraise,removeordestroythewreckofsuchitemsfollowinglossorDamage)thathappenswithintheTerritoriallimitsandduringthePeriodofInsurance.
ExcessYoumustpayUstheExcessshownintheScheduleeachOccurrence,includingforanysupplementarypaymentsmade.
AseparateExcessapplies,wherelisted,tocertainOptionalBenefitsandwillapplytoanyclaimunderthelistedOptionalBenefit.
Supplementary paymentsSubjecttotheterms,conditionsandexclusionscontainedinthisPolicy,inadditiontotheLimitofLiability,Wewillalsomakethefollowingsupplementarypayments:
a) allcharges,expensesandlegalcostsincurredbyUsand/orbyYouwithOurpriorwrittenconsentintheinvestigation,reporting,settlementordefenceofanyclaimorsuitforCompensationforwhich:
(i) YouareentitledtocoverunderthisPolicy;or
(ii) YouwouldbeentitledtocoverunderthisPolicyifsuchclaimorsuitweretobesustained;
b) alllegalcoststaxedagainstYouinanysuchsuitorclaimandallinterestonthejudgmentorsettlementamountaccruingaftertheentryofjudgmentagainstYouuntilWehavepaid,tenderedordepositedincourtsuchpartofthejudgmentasdoesnotexceedtheLimitofLiability;
c) allexpensesincurredbyYouforprovidingfirstaidtoothersforPersonalInjuryforwhichYouarecoveredbythisPolicy(otherthanmedicalexpensesprohibitedbylaw);
Providedthat:
• ifapaymentexceedingtheLimitofLiabilityhasorisrequiredtobemadetodisposeofaclaim,OurliabilitytomakesupplementarypaymentswillbelimitedtotheproportionofthesupplementarypaymentsastheLimitofLiabilitybearstotheamountpaidorrequiredtobepaidtodisposeoftheclaim.WheretheapplicationofthisclausemeansthatYouareliabletorepaysupplementarypaymentstoUs,WemaysetofftheamountthatYouoweUsagainstanyotherentitlementsYouhaveunderthePolicy;
d) and:
(i) anydirector,executiveofficer,EmployeeorpartneroftheInsuredoracompanyreferredtoinClausesb)orc)above,butonlywhileactingwithinthescopeoftheirdutiesinsuchcapacity;and
(ii) anyshareholderofacompanyreferredtoinClausesa),b)orc)above,butonlywhileactingwithinthescopeoftheircapacityasshareholdersofsuchcompany;
(iii) anyprincipalinrespectofsuchprincipal’svicariousliabilityfortheactsoromissionsoftheInsuredshownintheScheduleoracompanyreferredtoinClausesb)orc)above,intheperformanceofworkforsuchprincipal,subjectalwaystotheextentofcoverandLimitofliabilityprovidedinthePolicy.
WheretheInsurediscomprisedofmorethanoneentity,theterm“You”willbeconsideredasapplyingtoeachentityinthesamemannerasthoughaseparatePolicyhadbeenissuedtoeachentity,however,OurLimitofLiabilityshallnotexceedtheamountspecifiedintheScheduleandOurliabilitytomakesupplementarypaymentswillapplyasthoughtherewerenotseparatepoliciesissuedtoeachentity.
Your Marina Business means,and,unlessotherwiseagreedandnotedintheSchedule,islimitedto,Yourownershipand/oroperationofaMarina,whichincludes:
a) waterfrontfacilitiesincludinghoists,cranesandcradlesusedinconnectionwiththeMarinaoperations,moorings,berths,ramps,piles,wharfs,fixedandfloatingjetties,docksslipways,piersandpontoonsandwalkwayson,overorimmediatelyadjacenttowatersubjecttotidalmovement;
b) floatingplantandequipmentusedwithintheconfinesoftheMarina;
c) workingboatsusedtoferrycustomerstoandfrommooredWatercraft;
d) YourphysicalandlegalcontrolofWatercraftownedbythirdparties,includingwhilstYouarerelocatingsuchWatercraftwithintheconfinesoftheMarina;
e) theprovisionofservicestoWatercraftincludingfuel,waterandsewageremoval;
f) theprovisionofmoorings,berths,buoysandthelike;
g) storageofcustomersWatercraft;
h) haulingand/orliftingout,slippingand/orlaunchingofcustomersWatercraft;
i) thesaleofWatercraftandthesaleofPartsandAccessories;
j) theservice,repairandmaintenanceofWatercraftandmachinery,orpartsthereof;and
k) activitiesincidentaltotheabove.
39833 POL481 AM&T Marina Operators txt_D3.indd 11 7/09/2015 11:15 am
12
• supplementarypaymentsinconnectionwithclaimsmadeand/oractionsinstitutedagainstYouwithintheUnitedStatesofAmericaorCanadaorclaimsandactionstowhichthelawsoftheUnitedStatesofAmericaorCanadaapplywillformpartoftheLimitofLiabilityandnotbeadditionaltoit.
• ifinsettlingordisposingofanyclaimcoveredunderthisPolicyCompensationispayableinexcessoftheLimitofLiability,OuradditionalliabilityinrespectofanycostsincurredforaclaimarisingunderoneoftheAdditionalBenefitslistedonpage12orOptionalBenefitslistedonpages12to15towhichaSublimitapplies,willbelimitedtothesameproportionofthesecostsastheSublimitbearstothetotalCompensationpayabletodisposeoforsettletheclaim.
Additional benefitsWewillextendthecovertoalsoindemnifyYouforallamountswhichYoubecomelegallyliabletopayasCompensationbyreasonofYourlegalliabilityforthefollowingtotheextentthattheLimitofLiabilityisnototherwiseexhaustedandprovidedthatsuchliabilityresultsfromYournegligenceor,thatofYourEmployees,agentsorSubcontractorswhichoccursduringthePeriodofInsuranceuptotheLimitofLiability.
1. Salvage /removal of wreck
Thereasonablecostsandchargesofsalvageand/orremovalofawreckincludingthefloatingPiersandPontoonslocatedatYourMarinabutexcludingthewreckofnyWatercraftowned,managedoroperatedbyYouunlessYouhavetakentheOptionalbenefit4–P&IEndorsementonpage13.
2. Incidental Watercraft Repair Work
ProvidingtheIncidentalWatercraftRepairWorkconductedbyYouaspartofYourMarinaBusiness:
• fallswithinthedefinitionspecifiedonpage8ofthisPolicywording;and
• isnototherwiseinsuredunderaspecificShipRepairer’sLiabilityPolicy(whetherornotthisisarrangedwithUs).
WewillalsoprovidecoverYourlegalliabilityfor:
a) DamagetoanyWatercraftorthemachinery/equipmentthereofwhichisinYourphysicalorlegalcontrolforthepurposeofIncidentalWatercraftRepairWorkincludingduringshiftingandmovingwithinYourMarinaandTrialTrips;
b) DamagetocontentsorotherpropertyonordischargedfromaWatercraftundergoingIncidentalWatercraftRepairWork;
c) YourProductsinstalledbyYouduringIncidentalWatercraftRepairWorkofanyWatercraft;
d) Damagetothirdpartyproperty,occurringinthecourseoforarisingfromYourIncidentalWatercraftRepairWork.
IntheeventthatYourIncidentalWatercraftRepairWorkdoesnotmeetthecriteriaspecifiedinthedefinitiononpage8,YouwillnotbecoveredunderthisAdditionalBenefitandYoushouldcontactUstoarrangecoverforYourShipRepairoperationsunderaShipRepairer’sLiabilityPolicy.
Optional benefitsThe following Optional Benefits are only operative when shown as covered in the Schedule. Unless otherwise specified, these Optional Benefits are included in the Limit of Liability and not in addition to it.
1. Pollution liability
NotwithstandingtheprovisionsofExclusionB4–Pollution/dumpingofspoil,WewillindemnifyYouuptotheLimitofLiabilityagainstlegalliabilityincurredbyYouforPersonalInjuryorPropertyDamagetothirdpartiescausedbyaPollutionEventwhichisidentifiedasoccurringataninstantaneousmomentintimeduringthePeriodofInsurance,isAccidentalandneitherexpectednorintendedbyYou,andbecameknowntoYouwithin72hoursafteritscommencingandisreportedtoUswithin72hoursthereafter.
In addition,Wewillalsocoverthecostsofcleanupand/orreductionofaPollutanthazarduptoalimitof$1,000,000eachandeverylossorseriesoflossescausedbyaPollutionEventoccurringduringthePeriodofInsurance.ThisamountispayableinadditiontotheLimitofLiability.
Irrespectiveoftheabove,Wewillnotprovidecoverfororinrelationto:
a) fines,penalties,punitivedamages,exemplarydamage,trebledamagesoranyotherdamagesresultingfromthemultiplicationofcompensatorydamages;
b) anysiteorlocationusedinwholeorinpartforthehandling,processing,treatment,storage,disposalordumpingofanywastematerialsorsubstances;
c) thecostofevaluatingand/ormonitoringand/orcontrollingseepageand/orPollutionand/orcontaminatingsubstances;
d) thecostoftesting,monitoring,containment,treatment,detoxifying,removing,neutralisingand/ornullifyingand/orcleaningupseepageand/orPollutionand/orcontaminatingsubstancesonpropertyatanytimeownedand/orleasedand/orrentedbyYouand/orunderYourcontrolwhetherornotanyoftheforegoingareorshouldbeperformedbyYouorbyothers;
39833 POL481 AM&T Marina Operators txt_D3.indd 12 7/09/2015 11:15 am
13
4. costsandexpenses,incurredwithOurapproval,ofinvestigatingand/ordefendinganyclaimorsuitagainstYouarisingoutofaliabilityoranallegedliabilitycoveredabove.
ThisOptionalBenefitexcludes:
a) anylossof,Damageto,orexpenseinconnectionwith,anypropertyownedby,leasedto,orrentedto,You;
b) anyclaimarisingwithrespecttoPersonalInjurytoanyEmployee;and
c) anyliabilityassumedbyYoubeyondthatimposedbylawintheabsenceofcontract.
5. Inspections and valuations – errors and omissions
NotwithstandingtheprovisionsofExclusionC7–Professionalliability,WewillindemnifyYouforYourlegalliabilityforerrorsandomissionsassociatedwithYourprovisionofincidentalWatercraftvaluationorinspectionservicescausedbyanEventduringthePeriodofInsurance,subjecttoalimitof$200,000eachandeverylossorseriesoflossesandintheaggregateduringthePeriodofInsurance,unlessotherwiseagreedandnotedontheSchedule.
ThisOptionalBenefitexcludes:
a) reportsprovidedtoclientspriortothisPolicycommencing;
b) deliberatemisrepresentations,errorsoromissionsmadebyYou;
c) reportspreparedbyunqualifiedorinexperiencedEmployeeswhichhavenotbeenthoroughlycheckedandapprovedbyaqualifiedseniorinspector/valuer;and
d) reportswhichdonotcontainanapproveddisclaimerofliabilitynotedandagreedbyUs.
ForthepurposesofthisOptionalBenefittheterm“incidental”shallmeanmakingupnomorethan10%ofthetotalGrossEarningsofYourMarinaBusiness.
AnExcessof$5,000willapplytoclaimsunderthisOptionalBenefitunlessadifferentExcessisspecifiedintheSchedule.
6. Piers and Pontoons – material Damage
WewillpayYouinaccordancewiththeBasisofSettlementsetoutbelowforlossorDamagetoYourfloatingPiersandPontoonslocatedattheSituationdescribedintheScheduleoccurringduringthePeriodofInsurancecausedbyoneofthefollowingspecifiedperilsduringthePeriodofInsurance:
a) Storm;
b) Flood;
c) fireorlightning;
e) theactual,allegedorthreateneddischarge,dispersal,releaseorescapeofPollutantscausedbyanyProductsthathavebeendiscarded,dumped,abandonedorthrownawaybyothers;or
f) radioactivematerialorasbestos.
2. Chandlery/Incidental Marine sales
NotwithstandingtheprovisionsofExclusionB9–OthercommercialoperationsandExclusionB10–Buildingandrebuilding,WewillindemnifyYouuptoalimitof$1,000,000eachandeverylossorseriesoflossescausedbytheoneinsuredEventduringthePeriodofInsuranceinrespectoflegalliabilityincurredbyYouasoutletforchandlery,provisionsand/orgeneralmerchandise,includingliabilityarisingoutofgoodssold.
ThisOptionalBenefitexcludesanyliabilitycausedbyorarisingoutof:
a) faultydesignand/ormanufacture;or
b) misrepresentationormisdescriptionofpropertyforsale.
3. Catering
NotwithstandingtheprovisionsofExclusionB9–OthercommercialoperationsandExclusionC1–Certainbodilyinjury,WewillindemnifyYouuptoalimitof$1,000,000eachandeverylossorseriesoflossescausedbytheoneinsuredEventduringthePeriodofInsuranceinrespectoflegalliabilityincurredbyYouasownersand/orprovidersofclubhouse,restaurantbarandgeneralcateringfacilitiesincludingliabilitiesarisingoutofthesupplyand/orsaleoffoodanddrink.
WhereYouarrangewithotherexternalpartiestheprovisionofanyofthesefacilities,coverunderthisOptionalBenefitissubjecttoallrightsofrecourseagainstthoseotherexternalpartiesbeingmaintained.
4. P & I Endorsement
NotwithstandingtheprovisionsofExclusionA1–PropertyinphysicalorlegalcontrolandC1–Certainbodilyinjury,WewillindemnifyYouorYourEmployeesuptotheLimitofLiabilityinrespectofYourlegalliabilityforthebreakingawayofWatercraftfromtheirplaceofmooring/storageand/oranerrorintheoperation/navigationofWatercraftbyYouorYourEmployeesinthecourseofYourMarinaoperationsduringthePeriodofInsuranceasaresultofwhichYoubecomelegallyliabletopayCompensationfor:
1. lossoflifeof,orinjurytoanyperson;
2. lossof,orDamageto,orexpenseinconnectionwithanyfixedormoveableobjectorpropertyofwhatsoevernature;
3. costsorexpensesof,orincidentalto,theremovalofthewreckoftheWatercraftwhensuchiscompulsorybylaw;
39833 POL481 AM&T Marina Operators txt_D3.indd 13 7/09/2015 11:15 am
14
d) collisionwithorimpactbyanyWatercraft,Vehicle,railwaylocomotive,Aircraftoranythingdroppedtherefrom;
e) explosion;
f) earthquakeorvolcaniceruption;
g) Accidentsinloading,dischargingormovingstores,gear,equipment,machineryorfuelattheMarina;
h) maliciousacts;
i) deliberateDamagebyFederal,StateorLocalauthoritiesexercisingtheirrightsundercurrentlegislationinordertopreventorminimiseanenvironmentalhazard/PollutionresultingfromaninsuredEventlistedaboveandprovidedthishasnotresultedfromYouorYourEmployeeslackofduediligence.
Claims provisionsItisaconditionofthisOptionalBenefitthatYoumusttakeallreasonableprecautionstopreventanyfurtherlossorDamagetothePiersandPontoons.
YoumustkeepaccuratebusinessrecordsduringthePeriodofInsurancewhichYoumustmakeavailabletoUsshouldWesorequest,including:
a) alldocumentationrelevanttotheownershiporpurchaseofthePiersandPontoons;
b) anyrelevantserviceandmaintenancerecords;
c) evidencetosupporttheamountofanylossorDamage,includingwrittenanditemisedquotationsfortherepairs;and
d) photographsorotherdocumentationthatmaysubstantiateYourclaim.
Basis of SettlementSubjecttothedeductionoftheExcessshownintheScheduleforthisOptionalBenefit,WewillatOurdiscretioneither:
a) repairorreplaceYourPiersandPontoons;or
b) payYouthereasonablecostofrepairingorreplacingYourPiersandPontoon;or
c) payYoutheSumInsuredshownintheScheduleifYourPiersandPontoonsareaTotalLoss.
Inadditiontotheabove,Wewillalsopayanyreasonable:
d) SalvageCharges;and
e) costsandexpensesincurredincleaningPiersandPontoonswhichhavebeenaffectedbytheAccidentalspillageof,orcontaminationorPollutionbyoilandfuelarisingfromanyoneAccidentoraseriesofAccidentsarisingfromtheoneEventduringthePeriodofInsurance,withoutapplicationoftheExcess,providedthatsuchaspillage,contaminationorPollutionhasnotresultedfromthelackofduediligencebyYouorYourmanagers,andonlyuptoalimitof$15,000eachandeveryloss.
UnderinsuranceWewillbeliablefornogreaterproportionofthelossorDamagethantheSumInsuredbearsto85%ofthemarketvalueofthePiersandPontoonsonthedayofcommencementofthePeriodofInsurance.
Specific exclusionsInadditiontotheGeneralPolicyExclusionslistedonpage16WewillnotpayforanylossorDamage,PersonalInjuryorliabilityarisingfrom:
a) fading,chipping,scratchingormarring,gradualdeteriorationordevelopmentofflaws,orinherentvice,normalmaintenanceorupkeep;
b) thecostsofremedyingalatentdefect,faultorerrorindesign,materials,manufactureorconstruction;
c) thecostofimprovingoralteringthePiersandPontoons,betterment,oralterationindesignandconstruction;
d) construction,erection,dismantlingorre-erectionotherthaninthecourseofinspection,maintenance,orrepairs.
7. Loss of Earnings on Piers and Pontoons
This Optional Benefit is only available where Optional benefit 6 – Piers and Pontoons – material Damage has also been selected.
WewillindemnifyYouforlossofNetIncomeasaresultofthePiersandPontoonsbeingpartiallyortotallypreventedfromearningincomefollowinglossorDamageforwhichWehaveagreedtopayaclaimunderOptionalbenefit6–PiersandPontoons–materialDamageoccurringduringthePeriodofInsurance.
OurliabilityunderthisOptionalBenefitwillnotexceedthemaximumDailyIndemnityspecifiedintheSchedulefortheapplicablePeriodofIndemnityanyonelossorseriesoflossescausedbytheinsuredEvent,andintheaggregateforallOccurrencesduringthePeriodofInsurance,subjecttoreinstatementoftheseamountsasoutlinedbelow.
YoumustbearasanExcess,thefirstnumberofdaysshownintheScheduleforeachOccurrence.
TheamountWepayunderthisOptionalBenefitasspecifiedintheScheduleshallbereducedbytheamountofanyotherclaimspaidunderthisOptionalBenefitduringthePeriodofInsurance.ReinstatementoftheamountsagreedandshownintheScheduleshallbeautomaticsubjecttothepaymentoftheappropriateadditionalPremiumplusgovernmentcharges(whereapplicable).
ThefollowingprovisionsapplytocalculationofclaimsunderthisOptionalbenefit:
a) theGrossRevenueforaclaimunderthisSectionshallbecalculatedbasedontheTurnoverforberthfeesandfuelsalesandotherincomegenerateddirectlyrelatedtotheberthingofWatercraftoruseoftheDamaged
39833 POL481 AM&T Marina Operators txt_D3.indd 14 7/09/2015 11:15 am
15
a) anOccurrenceexcludedbyOptionalbenefit6;
b) anyDamagewhichremainsunrepairedduringthePeriodofInsurance,exceptasspecifiedotherwisewithinthisOptionalbenefit7–LossofEarningsonPiersandPontoons;
c) anyclaimforanysumrecoverableunderanyotherinsuranceonthePierandPontoonorwhichwouldberecoverableundersuchinsurancebutfortheexistenceofthisSection,totheextentpermittedbylaw;
d) useofthePierandPontoonotherthanforitsintendedcommercialpurpose.
PiersandPontoonsforthecorrespondingPeriodofIndemnityforthesamedatesinthepreviousyear;
b) anychargesand/orexpensessavedduringthePeriodofIndemnityasaresultoftheinsuredlossorDamagetothePiersandPontoonsandanyNetIncomegeneratedfromtheuseofalternatefacilitiesbyYou,whetherthisisatOurrequestornotduringthePeriodofIndemnity,shallbedeductedfromanyamountspayabletoYou;
c) whereDamagerepairsarecarriedoutatthesametimeasotherrepairswhicharenotclaimableunderthisPolicyandthatareimmediatelynecessaryforthesafetyofthePiersandPontoonsortoallowYoutoearnNetIncome,theNetIncomelostduringsuchtimeasiscommontobothtypesofrepairworkinexcessoftheExcessshallbedividedequallybetweenYouandUs.IfthetimenecessarytoeffectDamagerepairsisextendedbyanyotherrepairswhicharenotclaimableunderthisPolicyandthatareimmediatelynecessaryforthesafetyofthePiersandPontoonsor,toallowYoutoearnNetIncome,thePeriodofIndemnityislimitedtothetimethatwouldhavebeentakentoeffectDamagerepairscausedbytheinsuredEventhadtheybeeneffectedwithoutthesaidotherrepairs;
d) whereduetoasingleinsuredEvent,thePiersandPontoonsarepreventedfromearningNetIncomeduringrepairsonuptothreeseparateoccasions,theseseparateoccasionsmaybeaggregated,providedthattherepairsarecompletedwithin12monthsoftheexpiryofthePeriodofInsuranceofthisPolicy.
InadditiontotheDailyIndemnityamountspecifiedintheSchedule,WewillalsopayanyadditionalexpenditureincurredwithOurconsentforthesolepurposeofavoidingordiminishingthelossofNetIncome,however,suchadditionalexpenditureshallnotexceedtheamountofthereductioninNetIncomewhichisavoided.
RecoveriesWherearecoveryforlossofNetIncomeisobtainedfromathirdpartyandYouhavebeenindemnifiedunderthePolicyforlossofNetIncome,WeareentitledtothisrecoverytotheextentofanyamountWehavepaidunderthisOptionalBenefit.
Promptness of repairsAllrepairsshallbearrangedwithduediligenceandpromptness.WehavetherighttorequestYoutoincuranyexpensesthatwouldreduceOurliabilityunderthisPolicyprovidedWeshallpayfortheseexpenses.
Specific exclusionsInadditiontotheGeneralPolicyExclusionslistedonpage16,WewillnotcoverYouunderthisOptionalbenefit7–LossofEarningsonPiersandPontoonsforloss,Damageorexpensedirectlyorindirectlycausedby,inconnectionwith,arisingfrom,oroccasionedthrough:
39833 POL481 AM&T Marina Operators txt_D3.indd 15 7/09/2015 11:15 am
16
a) anylicensedtruck,automobile,orothermechanicallypropelledVehicle;
b) anyunlicensedtruck,automobile,orothermechanicallypropelledVehicleoutsideYourMarina.
6. Underground or underwater servicesundergroundorunderwaterservices,cablesorpipesofanykind.
B. Activity exclusionsYourPolicydoesnotcoveranyliability,costsorexpensesdirectlyorindirectlyarisingoutof,orinanywayconnectedwith:
1. Divingtheactivityofdiving,whetherforcommercialorrecreationalpurposes.
2. Failure to use standard terms
otherthaninrelationtoaclaimundertheOptionalbenefits6and7onpages13to15(PiersandPontoons–materialDamageandPiersandPontoons–LossofEarnings)thefailuretoincorporateYourstandardtradingconditionsofYourbusinessintoeveryagreementfortheprovisionofYourMarinaBusinessactivities,includingberthingagreements.
3. Operation of any Watercraft
arisingfromYourmanagementoroperationofanyWatercraftonthewaterinwhichYouhaveaninterestasowner,chartererormanagersorinrespectofanyact,omission,EventorAccident.
4. Pollution/dumping of spoil
exceptasotherwiseprovidedinthisPolicy:
a) theactual,allegedorthreateneddischarge,dispersal,releaseorescapeofPollutants;
b) thedumpingofspoil;
c) thetesting,monitoring,clean-up,removal,containment,treatment,detoxifyingorneutralisingofPollutants,whetherornotanyoftheforegoingareorshouldbeperformedbyYouorbyothers;or
d) theactual,allegedorthreateneddischarge,dispersal,releaseorescapeofPollutantscausedbyanyProductsthathavebeendiscarded,dumped,abandonedorthrownawaybyothers.
5. Participation
theactualparticipationofapersoninanysport,exerciseoractivityincludingbutnotlimitedtoracing,competitivewatersportsandwaterskiing.
Theterm“participation”asusedinthisexclusionincludestheparticipation,trainingorpracticefor,supervisionorcontrolofsuchactivities.
General Policy exclusionsInnocaseshallthisPolicycoverloss,Damage,liabilityforthirdpartyPropertyDamageorPersonalInjury,costorexpensedirectlyorindirectlycausedby,orcontributedtoby,orarisingoutoforinconnectionwith:
A. Types of PropertyYourPolicydoesnotcoveranyliability,costsorexpensesdirectlyorindirectlyarisingoutoforinanywayconnectedwith:
1. Property in physical or legal control
PropertyDamageto:
a) propertyownedbyorleasedorrentedtoYou;or
b) propertyinYourphysicalorlegalcontrol.
ProvidedthatthisexclusionwillnotapplytoliabilityforDamagetoWatercraftownedbythirdparties,ortoPiersandPontoonswheretheOptionalBenefit6–PiersandPontoons–materialDamageonpage13istaken.
2. Asbestos and silica
asbestos,silicaproducts,silicafibres,silicadust,oranymaterialscontainingasbestosorsilicainwhateverformorquantity.
3. Aircraft, Hovercraft, helicopter, seaplane
a) Yourownership,possession,management,maintenance,repairoroperationofanyAircraft,Hovercraft,helicopter,seaplaneoranyotherairbornecraft;
b) Yourmanagement,ownershiporoperationofanyairstrip,areaorbuildinguponwhichsuchcraftlandormanoeuvreorinwhichtheyarehoused,maintainedorrepaired;or
c) anyofYourProductswhichareincorporatedintothestructure,machineryorcontrolsofsuchcraft.
4. Computer technology
anyappliance,machinery,equipmentorotherpropertywhichisacomputerorwhichcontainsorcomprisesanycomputertechnology(includingcomputerchiporcontrollogic),andwhichfailstoperformorfunctionintheprecisemannerforwhichitwasdesignedforanyreasonarisingfromtheperformanceorfunctionalityofsuchcomputertechnology(includingcomputerchiporcontrollogic).
5. Motor Vehicles
theexistence,ownership,maintenance,service,repair,possession,operation,useorlegalcontrolbyYouorYourFamilyMembersoronYourbehalfof:
39833 POL481 AM&T Marina Operators txt_D3.indd 16 7/09/2015 11:15 am
17
c) delay(includingthatcausedbyinsolvencyorYourorYourclients’inabilitytopay),orlackofperformanceonYourbehalfinrelationtoanycontractoragreement;
d) thefailureofYourProductstomeetthelevelofperformance,quality,fitnessordurabilityexpresslyorimpliedlywarrantedorrepresentedbyYou,butthisexclusiondoesnotapplytothelossofuseofothertangiblepropertyresultingfromthesuddenandAccidentalDamagetoordestructionofYourProductsaftersuchProductshavebeenputtousebyanypersonororganisationotherthanYou;
e) lossofcontract;
f) depreciationinvalueofanyundamagedproperty;or
g) emotional,psychologicalorsentimentallosswhichoccursduetolossorDamagesustainedtoYourProperty.
3. Contractual liability
liabilityassumedunderanycontractoragreement,otherthan:
a) liabilitythatwouldhavebeenimpliedbylawintheabsenceofsuchcontractoragreement;
b) thosewrittencontractsshownintheSchedule;or
c) liabilityassumedunderIncidentalContracts.
4. Default judgement
adefaultjudgmententeredagainstYoubyreasonofYourfailuretodefendtheclaim,unlessWegaveYoupriorwrittenconsenttothiscourseofaction.
5. Employer’s liability
a) PersonalInjurytoanyEmployeeorFamilyMembers,whereYouarerequiredbylawtoinsureorotherwisefund,whetherthroughself-insurance,statutoryfundorotherstatutoryscheme,allorpartofanycommonlawliability(whetherlimitedornot)forsuchPersonalInjury;or
b) PersonalInjurytoanyworkmanorotherpersonemployedinanycapacitywhatsoeverbyYouragents,contractorsorSubcontractors;or
c) PersonalInjurytoYouragents,contractorsandSubcontractors,daylabour,suppliedlabouroranyoftheirworkerswhensuchPersonalinjuryarisesoutoforinthecourseoftheemploymentofsuchworkerorotherpersonsimposedby:
(i) anyWorkersCompensationLaw;
(ii) theprovisionsofanyindustrialawardoragreementordeterminationoranycontractofemploymentorworkplaceagreementwheresuchliabilitywouldnothavebeenimposedintheabsenceofsuchindustrialaward,agreementordetermination;
ThisexclusiondoesnotapplytoPersonalInjuryorPropertyDamagecausedbyanyfaultordefectinequipmentprovidedbyYouatanySituationownedand/oroccupiedbyYouforthepurposeofYourMarinaBusiness.
6. Salvage operations
arisingfromorconnectedwithanysalvageoperationsperformedbyYou,unlessotherwiseagreedandnotedinthePolicySchedule.
7. Smoking
theinhalationoringestionoforexposureto:
a) tobaccoortobaccosmoke;or
b) anyingredientoradditivepresentinanyarticles,itemsorgoodswhichcontainorincludetobacco.
8. Territorial Limits
anyEventorOccurrencewhichisoutsidethegeographicalorTerritoriallimitsunlessspecificallyagreedtobyUsfollowingYournotification.
9. Other commercial operations
theoperationofanycommercialbusinessotherthanYourMarinaBusinessattheSituation(s),including,butnotlimitedto,theoperationofcommercialWatercraft,cafés,restaurantsornightclubs.
10. Building and rebuilding
buildingorrebuildingWatercraft,chandlering,riggingorpainting.
11. Repairs to Ships/Watercraft
directlyorindirectlyarisingoutoforinanywayconnectedwithpaintingormechanicalorstructuralrepairstoWatercraftotherthanasprovidedforundertheAdditionalBenefit2–IncidentalWatercraftRepairWorkonpage12.
C. Types of claimYourPolicydoesnotcover:
1. Certain bodily injury
PersonalInjury,unlessthePersonalInjuryoccurredonaWatercraftonwaterorboardingoralightingfromtheWatercraft.
2. Consequential loss, loss of use and penalties
a) paymentsunderpenaltyclausesinanycontractforservicesinrespectofpropertyreferredtoinTheCoverorinsuredunderOptionalBenefits6and7onpages13to15;
ordirectlyorindirectlyarisingfrom:
b) lossoftheuseoftangiblepropertywherethishasnotbeenphysicallyDamagedordestroyed,otherthanasprovidedforundertheOptionalBenefit7–LossofEarningsonPiersandPontoonsonpage14,wheretaken;
39833 POL481 AM&T Marina Operators txt_D3.indd 17 7/09/2015 11:15 am
18
b) DamagecausedbyfaultsordefectsknowntoYouoranyEmployeewhoseknowledgeinlawwouldbedeemedtobeYoursandwhichwasnotdisclosedtoUsatthetimeYourPolicywasenteredinto;
c) therectificationofYourfaultyworkmanship;
d) themisalignmentormisplacementofanypilesorcastingsorthecostofabandonmentofthemforanyreason;or
e) inrespectofPiersandPontoons,subsidence,landslip,erosionorheave,incorrectsiting,faultsinconstruction,designormaterials.
4. Lawful seizure
lawfulseizure,detention,confiscation,nationalisationorrequisition.
5. Normal Losses and/or lack of maintenance, etc
a) wearandtear,lackofreasonablemaintenancecareorprotection,gradualdeteriorationorerosion;
b) corrosion,oxidation,rust,electrolysis,changeintemperature,dampness,dryness,wetordryrot,shrinkage,evaporation,lossofweight,contamination,changeincolour,flavour,textureorfinish,vermin(includingbirds,mammals,moths,termitesorotherinsects);
c) thepresenceofmagneticflux,oranylossofmagnetism(exceptcausedbylightning)orlossoforDamagetodatacarryingmedia;or
d) Mould,Fungus/Fungi,Spore(s),mildew(s),mushroom(s),yeast(s)orbiocontaminent(s),toxins,substances,vapours,gas,orotheremissionororganicorinorganicbodyorsubstancecreatedorproducedbyoremanatingfromthem,orthecostclean-up,remediation,containment,removalorabatementoftheabove.
6. Product defect
forDamagetoYourProductsifsuchDamagedirectlyorindirectlyarisesoutoforisinanywayconnectedwith:
a) anydefectinthemortheirharmfulnature;
b) theirunsuitabilityforthepurposeforwhichtheywereintended;or
c) theirinherentviceorinefficiencyorineffectiveness.
7. Product recall
theremoval,withdrawal,recall,inspection,repair,reconditioning,replacementorlossofuseofYourProductsoranypropertyofwhichsuchProductsformapartiftheyarewithdrawnfromthemarketorfromusebecauseofanyknownorsuspecteddefectordeficiencyinthem.
(iii) anylawrelatingtoEmploymentPractices;
(iv) anystatutoryorcommonlawliabilityinrespectofPersonalInjuryofanyEmployeeoranyworkerorotherpersonemployedinanycapacitywhatsoeverbyYou,Youragents,contractorsorSubcontractors;or
(iv) liabilityimposedbyanylawrelatingtoEmploymentPractices.
6. Penalties, liquidated damages, punitive, exemplary and/or aggravated damages
finesorpenaltiesimposedbylaworliquidateddamagesorpunitive,exemplaryand/oraggravateddamagesandanyadditionaldamagesresultingfromthemultiplicationofcompensatorydamages.
7. Professional liability
liabilitydirectlyorindirectlyarisingoutoforinanywayconnectedwiththeprovisionbyYouorYourFamilyMembersoranyoneonYourbehalfofprofessionaladviceoranyerrororomissionconnectedtherewith,exceptasprovidedundertheOptionalbenefit5–InspectionsandValuations–ErrorsandOmissionsonpage13,wheretaken.
Thisexclusionwillnotapplywhereprofessionaladviceorserviceisgivenwithoutfeeorcharge.
D. Perils exclusionsYourPolicydoesnotcoveranyactualorallegedliability,costsorexpensesdirectlyorindirectlyarisingoutoforinanywayconnectedwith:
1. Assault and battery
assaultand/orbatterycommittedbyYouorYourFamilyMembersoratYourdirection,butthisexclusionwillnotapplytoclaimsunderwheresuchassaultand/orbatteryiscommittedforthepurposeofpreventingPersonalInjuryorPropertyDamageoreliminatingdangertoaperson.
2. Defamation, libel and slander and other personal injury
libel,slander,defamationofcharacterorinvasionofrightofprivacy,anybreachesofEmploymentPracticeslegislationoranyactoractsofsexualorphysicalmolestationoforsexualinterferencebyYou.
3. Design errors, known faults and rectification of faults
a) Yourdesigns,specificationsorformulasoranyerrororomissioninrespectofsuchdesign,specificationorformula,otherthanwheresuchworkwasnotprovidedforremuneration(suchasafeeorcommission)whethermixedwithremunerationforotherservicesornot;
39833 POL481 AM&T Marina Operators txt_D3.indd 18 7/09/2015 11:15 am
19
13. Wilful, deliberate acts or failure to take appropriate care
a) conductintendedtocauseloss,DamageorliabilityorcommittedwithrecklessdisregardfortheconsequencesbyYou,aFamilyMemberoranypersonactingwithYourknowledge,consentorconnivance;
b) YourorYourEmployees’failuretotakereasonableprecautionstopreventAccidentswhichmaygiverisetoaclaimunderthisPolicy;
c) Yourbeinginvolvedinanyillegaltradeorventure;
d) circumstanceswhereYou,YourFamilyMembersorYourEmployeeshavewaivedorrestrictedYourrightsofrecourseagainstanyperson,unlesspreviouslyagreedinwritingbyUs;
e) fraudulentordishonestacts,fraudulentmisappropriation,embezzlementandforgerybyYou,YourFamilyMembersorYourEmployee(s)whetheractingaloneorincollusionwithanyotherperson(s);
f) Yourwilfulbreachofanystatute,contractorduty;
g) You,Yourmanagers,YourEmployeesoranyoneforwhomYouarelegallyresponsiblebeing,withYourorYourmanagers’knowledge,undertheinfluenceofalcoholand/ordrugs;
h) Yourfailuretocomplywithallstatutoryorotherobligationsandregulationsimposedbyanyauthorityrelatingtoinspectionandtesting;
i) anybreachbyYou,orwithYourconsent,ofanylaw,by-law,government,localgovernment,statutoryauthority,orotherlegallyconstitutedpublicbody’sregulationdealingwiththestorageofhazardousgoods;
j) thefailuretostoreallresins,fibreglass,solvents,cellulosebasedmaterialsandthelikeoutsidetheBuildingsinsuitablemetalorbrickstructures,exceptfortheamountofsuchmaterialsthatisrequiredinsidetheBuildingsinthecourseofconductingYourMarinaBusinessactivitiesorshiprepairingactivitiesforthatday,inwhichcasethesematerialsshallbekeptinsidetheBuildingsinsecuremetalcontainers.
14. Infectious Diseases
thecarryingorpassingonofanyinfectiousdiseaseorvirusbyYou,whetherAccidentally,knowingly,wilfully,maliciouslyorotherwiseincludinganylossescausedbyquarantinablediseaselistedintheAustralianQuarantineAct1908(Cth)orsimilarlegislation.
8. Strike, lockout, labour disturbance
lossarisingfromanystrike,lockout,labourdisturbance,riot,civilcommotionoractofanypersontakingpartintheseexceptinrelationtoDamagetoYourpropertyinsuredcausedbypersonsinvolvedintheseactivities.
9. Radioactive Contamination, Chemical, Biological, Bio-Chemical and Electromagnetic Weapons
a) ionisingradiationsfromorcontaminationbyradioactivityfromanynuclearfuelorfromanynuclearwasteorfromthecombustionofnuclearfuel;
b) theradioactive,toxic,explosiveorotherhazardousorcontaminatingpropertiesofanynuclearinstallation,reactororothernuclearassemblyornuclearcomponentthereof;
c) anyweaponordeviceemployingatomicornuclearfissionand/orfusionorotherlikereactionorradioactiveforceormatter;
d) theradioactive,toxic,explosiveorotherhazardousorcontaminatingpropertiesofanyradioactivematter.Theexclusioninthissub-clausedoesnotextendtoradioactiveisotopes,otherthannuclearfuel,whensuchisotopesarebeingprepared,carried,stored,orusedforcommercial,agricultural,medical,scientificorothersimilarpeacefulpurposes;or
e) anychemical,biological,bio-chemical,orelectromagneticweapon.
10. Cyber
theuseoroperation,asameansforinflictingharm,ofanycomputer,computersystem,computersoftwareprogramme,maliciouscode,computervirusorprocessoranyotherelectronicsystem.
11. Terrorism
a) anyActofTerrorism,asdefinedherein,regardlessofanyothercauseorEventcontributingconcurrentlyorinanyothersequencetotheloss,unlessotherwiseprovidedforintheTerrorismInsuranceAct2003(Cth);or
b) anyactionincontrolling,preventing,suppressing,retaliatingagainst,orrespondingtoanyActofTerrorism.
12. War
anywar(whetherdeclaredornot),hostilitiesorrebellion,civilwar,revolution,insurrection,militaryorusurpedpower,invasion,oractofforeignenemy.
39833 POL481 AM&T Marina Operators txt_D3.indd 19 7/09/2015 11:15 am
20
General Policy conditionsIfYoudonotmeettheapplicablegeneralconditionsandspecificconditions,WemaycancelYourPolicyand/orreduceorrefusetopayaclaim,totheextentpermittedbylaw.
1. Assignment
NotransferofinterestunderthisPolicyorinanymoneyswhichmaybeormaybecomepayableunderthisPolicyistobebindingonorrecognisedbyUsunlessadatednoticeofsuchtransferofinterestissignedbyYouandbythepartytowhomtheinterestisbeingtransferredtoisprovidedtoUsbeforethepaymentofanyclaimorreturnofPremiumbeingmade.NothinginthisconditionistobeconsideredasanagreementbyUstoasaleortransfertoanewmanagement.
2. Discharge of Liabilities/Claims Control Clause
Wemay,atanytime,beentitled(butnotobliged)tocontrolortakeovertheconductoftheinvestigationdefenceandsettlementofanyclaimsuitorproceedingagainstYouwhichisorislikelytobethesubjectofindemnityunderthisinsurance.Inthesecircumstances:
a) Weshallhavefulldiscretionintheconduct,defenceorsettlementofanyclaim.ThisincludestherighttoinstructlawyerstoprovideadviceastoYourliabilityandtorepresentYou;
b) subjecttotheprovisionsoftheInsuranceContractsAct1984orMarineInsuranceAct1909,WehavetherighttorecoverorobtaincontributionfromanypersonagainstwhomYoumaybeabletoclaimandtherighttotakeactioninYourname;
c) YouandanyotherpersonentitledtobenefitunderthisPolicymustnothindertheserightsandmustgiveallsuchinformationandcooperationtoUsasWemayrequire;
d) Youmustnot,intheabsenceofOurconsent,makeoracceptanyofferorpayment,orinanyotherwayadmitliability,settleorattempttosettleanyclaim,ordefendanyclaim;
e) WemayatanytimepaytoYoutheappropriateLimitofLiability(afterdeductingfromitanyExcessoramountsalreadypaid)oranylesseramountforwhichaclaimorclaimsmaybesettled.IndoingsoWewillrelinquishtheconductof,andshallbeundernofurtherliabilityinconnectionwith,suchclaimorclaimsexceptforcostsandexpensesincurredbeforeWemadesuchpayment.
E. Failure to NotifyYourPolicydoesnotcoverYouforanyactualorallegedliability,costsorexpensesdirectlyorindirectlyarisingoutoforinanywayconnectedwith:
a) anypermanentortemporaryalteration(whichincludesoccupation,useandphysicalchanges)topropertysituatedatorbroughtontotheMarinawhichincreasestheriskofloss,DamageorliabilitywhereYouorYourEmployeeshavefailedtonotifyUsofanysuchalterationassoonasreasonablypracticable;or
b) anOccurrenceinvolvinglossorDamagetothirdpartyWatercraftcoveredbythisPolicyunlessdiscoveredandreportedtoUsinwritingwithin1yearofdeliverytotheownersorwithin1yearaftertheworkiscompletedbyYou,whichevermayfirstoccur.
39833 POL481 AM&T Marina Operators txt_D3.indd 20 7/09/2015 11:15 am
21
b) WhereWemakeapaymentunderYourPolicyascompensationinsteadofpaymentforarelevantacquisition,WewillreducetheamountofthepaymentbytheamountofanyinputtaxcreditthatYouwouldhavebeenentitledtohadthepaymentbeenappliedtoarelevantacquisition;
c) WhereYourPolicyinsureslossofhire,Wewill(whererelevant)payYouonYourclaimbyreferencetotheGSTexclusiveamountofanysupplymadebyYourMarinaBusinessthatisrelevanttoYourclaim.
Disclosure – Input tax credit entitlementIfYouregister,orareregistered,forGST,YouarerequiredtotellUsYourentitlementtoaninputtaxcreditonYourPremium.IfYoufailtodiscloseorunderstateYourentitlement,YoumaybeliableforGSTonaclaimWemaypay.YourPolicydoesnotcoverYouforthisGSTliability,orforanyfine,penaltyorchargeforwhichYoumaybeliable.
5. Governing law and jurisdiction
YourPolicyisgovernedbythelawsofAustralia.AnydisputerelatingtoYourPolicyshallbesubmittedtotheexclusivejurisdictionofanAustralianCourtwithintheStateorTerritoryinwhichYourPolicywasissued.DependingonthecircumstancesandnatureoftheriskWehaveagreedtoinsureunderthisPolicy,theMarineInsuranceAct(Cth)1909ortheInsuranceContractAct(Cth)1984mayapply.
6. Other insurance
WhereYouareawareofinsuranceorinsurancesalreadyeffected,orwhichmaybesubsequentlyeffectedcovering,whetherinwholeorinpart,YourliabilityorexposureswhicharethesubjectmatterofthisPolicy,YouarerequiredtonotifyUsandmustprovideUswithfullinformationandallreasonableassistanceintherecoveryofOurrateableproportionofanyclaimpaymentsWemake.
Totheextentpermissiblebylaw,thisPolicydoesnotcoveranylossorDamagewhichatthetimeofthehappeningofsuchlossorDamageisinsuredbyorwould,butfortheexistenceofthisPolicybeinsuredbyanyotherexistingpolicyorpoliciesexceptinrespectofanyexcessbeyondtheamountwhichwouldhavebeenpayableundersuchotherpolicyhadthisPolicynotbeeneffected.
7. Prohibited Cover Or Payments
IrrespectiveofanyotherprovisionofthePolicy,Weshallnotbedeemedtoprovidecoverorbeliabletopayanyclaimorprovideanybenefit(includingarefundaPremium)hereundertotheextentthattheprovisionofsuchcover,paymentofsuchclaimorprovisionofsuchbenefitwouldcontraveneorotherwiseexposeUstoanypenalty,sanction,prohibitionorrestrictionunderUnitedNationsresolutionsorthetradeoreconomicsanctions,lawsorregulationsofAustralia,NewZealand,theEuropeanUnion,UnitedKingdomorUnitedStatesofAmerica.
IfYouobjecttoOurproposaltosettleorcompromiseanyclaimandwishtocontestorlitigatethematter,thenYoumayelecttodosobyinformingUsinwriting.However,shouldYoudecidetodoso,Ourliabilityshallnotexceedtheamountforwhich,butforYourelection,itcouldhavebeensettledorcompromisedbyUs,togetherwithcostsandexpensespayableinaccordancewiththetermsofthisPolicyandincurreduptothetimeofsuchelection,alwayssubjecttotheExcessandLimitofLiability.
3. Cross liability
WheretheprotectionprovidedbyYourPolicycoverstheinterestofmorethanoneparty,anyactoromissionofanindividualpartywillnotprejudicetherightsoftheremainingparties,subjectto:
a) GeneralexclusionD13Wilful,deliberateactsorfailuretotakeappropriatecare;
b) theremainingparties,immediatelyonbecomingawareofanyactoromissionthatincreasestheriskofloss,Damageorliability,givingnoticeinwritingtoUsand,ondemand,payingsuchreasonableextraPremiumasWemayrequire;and
c) theLimitsofLiabilityandSublimitswithineachSectionapplyingasthoughthisgeneralconditiondidnotapply.
4. GST notice
YourPolicyhasaGSTprovisioninrelationtoYourPremiumandOurpaymenttoYouforclaims.ItmayhaveanimpactonhowYoudeterminetheamountofinsuranceYouneed.PleasereadthePolicycarefully.SeekprofessionaladviceifYouhaveanyqueriesaboutGSTandYourinsurance.
Limit of LiabilityAllmonetarylimitsinYourPolicymaybeincreasedforGSTinsomecircumstances(seebelow).
Claim settlements – Where We agree to payWhenWecalculatetheamountWewillpaytoYou,Wewillhaveregardtotheitemsbelow:
a) WhereYouareliabletopayanamountforGSTinrespectofanacquisitionrelevanttoYourclaim(suchasservicestorepairaDamagediteminsuredunderYourPolicy),WewillpaytheGSTamount.
WewillpaytheGSTamountinadditiontotheLimitofLiabilityorotherlimitsshowninYourPolicyorintheSchedule.
IfYourLimitofLiabilityisnotsufficienttocoverYourloss,WewillonlypaytheGSTamountthatrelatestoOursettlementofYourclaim.
WewillreducetheGSTamountWepaybytheamountofanyinputtaxcreditstowhichYouareorwouldbeentitled;
39833 POL481 AM&T Marina Operators txt_D3.indd 21 7/09/2015 11:15 am
22
10. Premium adjustment
ThePremiumforthisPolicyisbasedonYourGrossEarnings.ThedifferencebetweenthePremiumbasedonYouractualGrossEarningsattheendofthePeriodofInsuranceandthePremiumcalculatedatinceptionbasedonYourestimatedGrossEarningswillbepaidbyorallowedtoYou,asthecasemaybe,butinanyeventaminimum Premiumequivalentto75%orasmayotherwisebeagreed,ofthefullPremiumbasedontheinitialestimateswillberetainedbyUs.
WeagreetowaiveanyadjustmentofPremiumwherethedifferencebetweentheactualandtheestimatedGrossEarningsgiventoUsbyYouislessthan10%orwhereadepositPremiumof$2,500orlesswaschargedandthefinaladjustedPremiumbasedonactualGrossEarningsfiguressuppliedbyYou,doesnotexceed$2,500.
WherethePremiumhasbeencalculatedontheGrossEarningsestimatesgivenbyYou,YoumustkeepaccuraterecordscontainingallrelevantparticularsofYourestimatesandatanyreasonabletimeallowUs(orOurauditors)toinspectsuchrecords.
FollowingtheexpiryofthePeriodofInsuranceYoumustsupplyUswithsuchrecordsasWemayreasonablyrequiretodeterminewhattheactualGrossEarningsfigures/valueswereforthePeriodofInsurance.
11. Inspections
We(oragentsappointedbyUs)havetherighttoinspectandexamine,bymutualappointment,anypropertyassociatedwithYourMarinaBusiness.
12. Fraudulent claims
InnocaseshallthisPolicycoverphysicalloss,destruction,deterioration,DamageorexpenseoccasionedbyorhappeningthroughfraudulentordishonestactsbyYouoranyotherpartywithYourknowledge.Wemayrefusetopaythewholeorpartoftheclaimandtotheextentpermittedbylaw,mayalsocancelthePolicy.
8. Reasonable care and maintenance
Youmusttakeallreasonablecareinrespectof,butnotlimitedto,theitemslistedbelow:
a) topreventorminimiseanyloss,Damageorliability;
b) tomaintainthepropertyinsuredandMarinainsoundcondition,inparticulartominimiseoravoidtheft(bymaintainingsecuritydevicesincludingbutnotlimitedtoalarms,bollards,cameras,gates,locks,lighting,safesandshutters),loss,Damageorliability;
c) toproperlysecuretheMarinawhenunoccupiedbymakingoperativeallsecuritydevicesmentionedinitemb)above;
d) tocomplywithallstatutoryobligations,by-laws,regulations,publicauthorityrequirementsandsafetyrequirements,includingthoserelatingtofireappliancesandtheuseandstorageofhazardousgoods;
e) toensurethatallweldingandflamecuttingcomplieswiththeAustralianStandard“AS1674SAACuttingandWeldingSafetyCode”anditsamendments.(ItisadetailedCode,designedtoprotectpersonsandpropertyfrominjurybyfireorexplosioninthecourseofcutting,heatingorweldingoperations.)and,whererequired,obtainagasfreecertificateand/oranyotherauthorisationwhichislegallyrequired;
f) LPgasinstallationsmustbefitted,approvedandservicedbylicensedorauthorisedLPGasinstallersandcomplianceplatesaffixedasrequired;
g) toensureWatercraftoperations,competencyofcrewandtheoperationandmaintenanceoftheWatercraftinYourcare,custodyorcontrol;
h) toonlyemploycompetentEmployees,agentsandcontractorsandensuretheymeettherequirementsspecifiedinClausesa)tog)above.
9. Subrogation and waiver of subrogation rights
Wehavetherighttotakeactionorinstitutelegalproceedings,inYourname,fortherecoveryofpaymentsmadeandexpensesincurredinrelationtoanyclaimcoveredbythisPolicy,againstanyperson,companyorentitylegallyliabletoYouinrespectofthatclaim.YoumustprovideUswithfullinformationandallreasonableassistanceintherecoveryofthosepaymentsorexpenses.
Wewillnotbeliabletopayforloss,DamageorliabilityifYouagree,orhaveagreed,tolimitorexcludeanyrightofrecoveryagainstanythirdpartywhowouldbeliabletocompensateYouwithrespecttothatloss,Damageorliability.
39833 POL481 AM&T Marina Operators txt_D3.indd 22 7/09/2015 11:15 am
23
(iii) release,agreenottosueon,waiveorprejudiceanyrightofrecoveryagainstanythirdpartywhowouldbeliabletocompensateYouwithrespecttothatloss,DamageorliabilityotherwiseWemayrefusetopayorreduceYourclaim,totheextentpermittedbylaw.
C. AfterYouhaveadvisedUsofanyloss,DamageorliabilityassetoutinthisClaimssection:
(i) YoumustcomplywithallthetermsoftheGeneralPolicyConditionsandspecificconditionsbeforeWewillmeetanyclaimunderYourPolicy;
(ii) WehavetherighttorecoverfromanypersonagainstwhomYoumaybeabletoclaimanyamountspaidbyUsandWewillhavefulldiscretionintheconduct,settlementordefenceofanyclaiminYourname.TheamountrecoveredwillbeappliedfirsttoreducingtheamountbywhichYourlossexceedstheExcessapplied.AnybalanceremainingafterYouhavebeenfullycompensatedforYourloss,uptotheamountWehavepaidtoYoutosettleYourclaim(includingOurlegalfeesforrecovery),willberetainedbyUs;
(iii) Wemaytakeoverandconduct,inYourname,thedefenceorsettlementofanyclaimandWewillhavefulldiscretionintheconductofanyproceedingsinconnectionwiththeclaim;
(iv) WemaypayYoutheLimitofLiability(afterdeductionofanysumorsumsalreadypaidbyUs)oranylesseramountforwhichaclaimorclaimsmayreasonablybesettled.AfterWehavepaidYou,Wewillnolongerbeliablefortheclaim(s)(orfutureconductoftheclaim(s))exceptforcostsandexpensesincurredupuntilthetimeWepayYou,thatWepreviouslyagreedtopay;
(v) ifYourecoverorfindanylostorstolenpropertyinsuredforwhichWehavepaidaclaim,Youmust:
• informUsimmediately;and
• giveUstherecoveredorfoundpropertyinsuredifWerequestYoutodoso.
D. IfYouadviseUsoflossorDamagetopropertyinsured,assetoutinthissection:
(i) Wemay,oranybodyWeappointmay:
• takeorkeeppossessionofsuchofthepropertyinsuredasWemayreasonablyrequireforthepurposesofOurinvestigations;and
• ifWeacceptliability,sellsuchpropertyinsuredordisposeofitinareasonablemanner;
ClaimsA. AssoonasYoubecomeawareofanythinghappening
whichmayresultinaclaimunderYourPolicy,Youmust,atYourownexpense:
(i) immediatelyinformthepoliceofanymaliciousDamage,theft,fraudulentconduct,attemptedtheftorlossofproperty;
(ii) contactUsassoonaspossiblebytelephoneoremailtoadvisehowtheloss,Damageorliabilityoccurred;
(iii) takeallreasonableactiontorecoverlostorstolenpropertyandminimisetheclaim;
(iv) asfaraspossible,preserveanyProducts,appliances,plantorotheritemswhichmightprovenecessaryorusefulasevidenceuntilWehavehadanopportunitytoinspectthem;
(v) takeallreasonableprecautionstopreventanyfurtherlossorDamagetothepropertyinsured.WewillcoverthereasonablecostofsuchworkifWeacceptYourclaim;
(vi) giveUsalltheinformation,proofandassistanceWemayrequiretoprosecute,defendorsettleYourclaim,includingdetailsofanyotherinsuranceeffectedbyYouoronYourbehalf;
(vii) assoonasreasonablypracticableaftertheloss,DamageorrelevantEvent(oranyfurthertimewhichWemayallowinwriting),delivertoUsawrittenclaimincludingasdetailedanaccountasisreasonablypracticableofthecircumstancessurroundingtheloss,DamageorEvent,andtheamountclaimed.YoumustprovideUswithastatutorydeclarationverifyingthemattersidentifiedin(i)-(vi)above,ifrequested;
(viii)immediatelysendUscopiesofanyclaim,writ,summons,orfulldetailsofanyrelevantlegalorotherproceedingssuchasanimpendingprosecutionorinquestthatYoureceiveorofwhichYoubecomeaware;and
(ix) atalltimes,giveUsalltheinformationandassistanceWemayreasonablyrequire.
B. Youmustnot:
(i) admitliabilityforortakeanyactionwhichmaybeconstruedasadmissionofliabilityorofferoragreetosettleorrepudiate,anyclaimormakepromiseorincuranycostsorwaiveanyrightsofrecoverywithoutOurwrittenconsent;
(ii) authorisetherepairorreplacementofanythingwithoutOuragreementunlessforsafetyreasonsortominimiseorpreventfurtherimminentloss,Damage,liabilityorinjury;
39833 POL481 AM&T Marina Operators txt_D3.indd 23 7/09/2015 11:15 am
24
YouarenotentitledtoabandonsuchpropertyinsuredtoUs.IfWeenter,takeorkeeppossessionofthepropertyinsured,itwillnotbeanadmissionofliabilitynorwillitaffectanyofYourobligationsunderYourPolicy;
(ii) andifWeelectorbecomeboundtoreinstateorreplaceanypropertyinsured,YoumustatYourownexpenseproduceandgiveUsallsuchinformationasWereasonablymayrequire;
(iii) Wewillnotbeboundtoreinstateanypropertyinsuredexactlyorcompletely,butonlyinareasonablemannerinallthecircumstances.InnocasewillWebeboundtopaymorethantheLimitofLiability.
39833 POL481 AM&T Marina Operators txt_D3.indd 24 7/09/2015 11:15 am
For all enquiries please call your insurance intermediary
allianzmarineandtransit.com.au
Allianz Marine & Transit Underwriting Agency Pty LimitedAFS Representative No. 423910 ABN 98 155 554 279Level 1, 61 Lavender Street, Milsons Point NSW 2061as agents of the insurer Allianz Australia Insurance Limited AFS Licence No. 234708 ABN 15 000 122 850 PO
L481
BA/A
M&
T 0
9/15
39833 POL481 AM&T Marina Operators cov_D3.indd 4 7/09/2015 11:11 am