Cross liability refers to the ability of one insured party to sue another insured party if both parties are under the same contract. Cross liability coverage is most frequently found in commercial insurance contracts.
An indemnity clause is a contractual transfer of risk between two contractual parties generally to prevent loss or compensate for a loss which may occur as a result of a specified event.
If, due to negligence, the client (the 'principal') is sued by their client, an indemnity to principals clause in your policy means your insurer has to cover your client's client's losses too (the 'indemnity')
The indemnity can cover liability to an employee for injury caused by visits, work or activities undertaken offshore.
Insurers can reimburse those injuries in incidents that have been unable to collect from the responsible party.
The Insurer's total liability to pay compensation (including claimants' costs and expenses) arising from all claims made against the insured during the period of insurance shall not exceed the Limit of Indemnity stated in the schedule.
A claim or series of claims consequent upon a single negligent act, negligent error or negligent omission shall be deemed to be one claim regardless of the number of persons or organisations who sustain injury or breach of confidentiality or loss of documents or libel and slander. All such claims shall be deemed to have been made on the day of the first claim (or on the day that the first circumstance was notified by the insured if this date precedes the day of the first claim) of the claims series.
Following any claim or circumstance which is or may be the subject of indemnity under this section the insurer agrees to indemnify the insured for legal costs which will form part of and not be in addition to the limit of indemnity stated in the schedule.
The insurer will indemnify the insured against claims first made by a third party against the insured and notified to the insurer during the period of insurance arising from the rendering of or failure to render first aid and assistance in an emergency situation or accident, except when such insured is engaged in a professional capacity by another person or entity. However no coverage shall apply in respect of liability arising from childbirth.