Page 160 - Brook-Hollow Due Diligence Package

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RECORDING,
TRANSMITTING & CorporateGuard -
STORING
INFORMATION: Besso Limited, 8-11 Crescent, London EC3N 2LY, United Kingdom,
Maintains risk and claim data/information/documents and may hold Comprehensive Crime for Financial Institutions
data/information/documents electronically
In consideration of the payment of premium and in reliance upon the statements made to the insurer in
the proposal form, its attachments and all other information submitted to the insurer, all of which are to be
INSURER the basis of and incorporated into this contract, the insurer agrees as follows:
CONTRACT
DOCUMENTATION: This document details the contract terms entered into by the insurer(s)
and constitutes the contract document - no further contractual 1. Insurance Cover
documentation to be issued. The insurer shall indemnify the insured for loss discovered during the policy period and reported to the
insurer as required by this policy, resulting directly from:

CONTRACT CHANGE
DOCUMENTATION: The contract change document(s) signed by insurers shall form the 1.1 Wrongful acts of employees
evidence of the changes agreed. any wrongful act of any employee.
1.2 Premises and transit

(i) physical loss of, damage to or destruction of property:
INFORMATION: The following information was provided to Insurers to support the (a) anywhere by any means (other than as covered by paragraphs (b) or (c) below);
assessment of the risk at the time of underwriting: (b) while in the possession of a customer of the insured or a representative thereof, whilst

th
Proposal Forms signed and dated 10 October 2019 seen and noted by on the insured’s premises; or
the Insurers hereon. (c) due to false pretences or deception as to the identity of any natural person physically
NOTICE OF present at the insured’s premises;
CANCELLATION (ii) diminution of security rights;
PROVISIONS: Where (re)insurers have the right to give notice of cancellation, in
accordance with the provisions of the contract, then: (iii) damage to office contents caused by an illegal act or by vandalism or malicious mischief; or
(iv) damage to any office of the insured caused by an illegal act or damage to premises by
To the extent provided by the contract, the Slip Leader is authorised to vandalism or malicious mischief.
issue such notice on behalf of all participating (re)insurers; and
(optionally) 1.3 Fraud
(i) the insured, or any financial organisation acting on their behalf, having acted or relied upon:
Any (re)insurer may issue such notice in respect of its own participation.
(a) any forged, fraudulently altered, or counterfeit;
The content and format of any such notice should be in accordance with (1) document;
the ‘Notice of Cancellation’ standard, as published by the London Market (2) instruction;
Group (LMG), or their successor body, on behalf of London Market
Associations and participants. However failure to comply with this (3) security;
standard will not affect the validity of the notice given. (4) currency; or

The notice shall be provided to the broker by the following means: (5) corporate card application; or
(b) any security which has been lost or stolen;
By an email to tom.monk@besso.co.uk and IntPFR@besso.co.uk . (ii) the insured having acted upon any mortgage instrument or any insurance policy (including
an endowment) which proves to have been faulty; or
Failure to comply with this delivery requirement will make the notice null
and void. Satisfactory delivery of the notice will cause it to be effective (iii) any fictitious payee cheque, cheque procured by impersonation, or fraudulent payroll cheque
irrespective of whether the broker has acknowledged receipt. made or drawn by or drawn upon the insured or any financial organisation, which has been
forged or fraudulently altered.
1.4 Electronic crime
(i) computer fraud;
(ii) telephone toll fraud; or
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Besso Limited. A Subsidiary Of Besso Insurance Group Limited Besso Limited. A Subsidiary Of Besso Insurance Group Limited
8 -11 Crescent, London EC3N 2LY 8 -11 Crescent, London EC3N 2LY
Authorised and regulated by the Financial Conduct Authority, FCA Firm Reference No. 309159 Authorised and regulated by the Financial Conduct Authority, FCA Firm Reference No. 309159
Registered in England Number 00910680 Registered in England Number 00910680
www.besso.co.uk www.besso.co.uk