| |
| The
Paramount Comprehensive General Liability or CGL Insurance Policy provides compensation for bodily injury and property
damage, occurring within certain geographical limits, due to
accidents in connection with the Insured’s business operations. |
 |
| |
| Geographical
Limits shall mean that the policy will only cover occurrences
with the Republic of the Philippines, unless otherwise extended.
|
| |
| Business
shall include the following: |
- all activity and operations of the Insured designated
in the schedule;
- the ownership of the premises;
- the provision and management of canteen for the benefit
of the employees;
first aid, fire and ambulance services; and
- private work carried out by any employee with the consent
of the Insured for any director, partner or senior officer
of the Insured.
|
| |
| Under the definition,
ownership of elevators is already included under ownership of
the building. Provision and management of canteen for the benefit
of the employees is also covered. The purpose of including this
is to automatically cover employees as "third parties"
while inside the canteen. |
| |
| Occurrence
shall mean an event which result in bodily injury or property
damage neither expected nor intended from the standpoint of
the Insured. IT SHOULD BE ACCIDENTAL. |
| |
| |
