Zurich will pay to or on behalf of the Insured all sums which the Insured becomes legally liable to pay as compensation for:
- Bodily Injury
- Property Damage
which occurs during the Period of Insurance within the Geographical Limits as a result of an Occurrence and which arises out of the Business of the Insured.
You should read the policy for a detailed description of the cover and of the limits that apply.
Validity of your policy
The dates when your policy starts and ends are stated in your policy schedule and both dates stated are inclusive in the coverage.
How much premium do you have to pay ?
The premium amount that you must pay for your insurance cover is set out in your schedule. The amount of your premium is determined by taking a number of different matters into account. It is important for you to know in particular that the premium varies depending on the information we receive from you about the risk to be covered by us. The higher the risk is, the higher the premium will be.
In this product the factors that are taken into consideration include the following:
- Your business
- Your estimated annual sales turnover
- The geographical limit/jurisdiction
- The limit of liability
- Your loss experience