Page 83 - Liability Insurance IC74
P. 83
Guide for Liability Insurance
Aggregate Liability.
(e) brought about by dishonesty, fraud or malicious
conduct of the Directors and Officers. However,
the Underwriters shall be the costs and expenses
incurred in successfully defending proceedings
brought in respect of such Wrongful Act, on behalf
of the Directors and Officers.
(f) brought about by any Director or Officer gaining
any profit or advantage or receiving any
remuneration to which he/she is not legally entitled.
(g) made by any third party based upon breach of any
professional duty owed to such third-party.
(h) brought about by any circumstances existing prior
to, or at the inception date of this policy and which
the Directors or Officers or the Company knew or
reasonably would have known.
(i) for tax, fines, penalties, punitive or exemplary or
multiple damages or any claim deemed un-insurable
under law.
(j) based upon any failure or omission on part of any
Director or Officer to effects and maintain insurance
on behalf of the Company.
(k based upon actual or alleged label, slander,
infringement of copyrights and infringement of
patents.
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