marina operators insurance - allianz australia · marina operators insurance ... limited acting...

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”.


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.


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).


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


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.


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.


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.


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;


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;


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.


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;


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;


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


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:


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:


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;


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;


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.


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.


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;


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.


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;


24

YouarenotentitledtoabandonsuchpropertyinsuredtoUs.IfWeenter,takeorkeeppossessionofthepropertyinsured,itwillnotbeanadmissionofliabilitynorwillitaffectanyofYourobligationsunderYourPolicy;

(ii) andifWeelectorbecomeboundtoreinstateorreplaceanypropertyinsured,YoumustatYourownexpenseproduceandgiveUsallsuchinformationasWereasonablymayrequire;

(iii) Wewillnotbeboundtoreinstateanypropertyinsuredexactlyorcompletely,butonlyinareasonablemannerinallthecircumstances.InnocasewillWebeboundtopaymorethantheLimitofLiability.


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


marina operators insurance - allianz australia · marina operators insurance ... limited acting...

Documents