12.07.2015 Views

5-2 承保範圍及不保事項 - ACE Group

5-2 承保範圍及不保事項 - ACE Group

5-2 承保範圍及不保事項 - ACE Group

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The reasonable and necessary costs incurred by the Named Insured in relation to any Eventfor:3.5.1 communications to the Named Insured's customers and to the public including mediaannouncements,3.5.2 external advice to prepare such communications,3.5.3 transporting any Product from any purchaser, distributor, retailer or user to a placedesignated by the Named Insured,3.5.4 the hire of necessary additional persons to conduct the duties performed by regularemployees of the Named Insured,3.5.5 remuneration paid to regular employees (other than salaried employees),3.5.6 expenses incurred by employees for transportation and accommodation,3.5.7 the hiring of additional warehouse or storage space, and3.5.8 properly disposing of the recalled Product and packaging materials that cannot be reused.3.6 Recall meansThe recovery of possession or control of any Product from a purchaser, distributor, retailer or user.3.7 Ultimate Net Loss meansThe sum actually paid or payable in the settlement or satisfaction of Products Recall Expense amountsincurred by the Named Insured after making proper deduction for all recoveries and salvages collectible.Other than as amended above, all other terms, exclusions and conditions of the Policy will continue toapply.PRODUCTS RECALL EXPENSE EXTENSION ENDORSEMENET (First-Party andThird-Party)SCHEDULEIn consideration of the payment of premium, in reliance upon the statements herein or attached124

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