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Endorsements to corporate cover
The following endorsements can be added to corporate cover on request.
| Endorsement |
What we pay |
| Loss of earnings |
Loss of earnings caused by an extortion or contingent extortion incident which results in the interruption of business operations or the closure of premises, plus the fees of investigating accountants. |
| Threat expense |
Fees and expenses of security consultants plus the cost of implementing physical security measures around individuals, following malicious threats made against them. |
| Products loss |
Recall expenses, the cost of examining or destroying products, loss of value on or the cost of making good, affected products and the fees of investigating accountants, following a product adulteration during an extortion incident. |
| Emergency repatriation |
Travel and accommodation costs, salaries, personal possessions left behind and lost and the unlimited fees
of response consultants, during the repatriation of personnel following an official evacuation advisory. |
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Hiscox ASM Ltd is an indirect subsidiary of Hiscox Ltd (ultimate parent company of the Hiscox Group) and carries on business in the United Kingdom where it is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities. Hiscox ASM Ltd acts only for insurance brokers or intermediaries wishing to buy insurance from insurers in the Hiscox Group and does not itself handle client monies.
Prospective purchasers of insurance must when seeking new or renewal insurance disclose any information which might influence the insurer in deciding whether to accept the risk and in setting the terms or premiums. Failure to do so may entitle the insurer to declare the insurance void from inception and to reject any claim.
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