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• Compensation claims arising out of all kinds of violations of
intellectual property rights,
• Compensation claims arising out of liability against the insured
party’s parents, sister or brother, spouse or children- during the
course of his professional activity,
• Compensation claims arising out of liability born from all kinds
of environmental pollution,
• Compensation claims in relation to any kind of disease arising
out of i) pollution from any nuclear fuel or nuclear waste occur-
ring as a result of such nuclear fuel burnt, ii) radioactive, poiso-
nous, explosive, nuclear compounds or particles, iii) existence,
production, processing, sale, distribution, storage, release or
usage of chemicals mentioned herein under,
• Claims, which are based upon a special agreement or perfor-
mance of an agreement exceeding the legal liability limit,
• Moral compensation claims.
The following payments will be excluded from the coverage,
unless there is an agreement on the contrary:
• All kinds of criminal convictions including administrative and
monetary fines and penal clauses,
• Damages that may arise out of the bankruptcy of the insured
party,
• Expenses arising out of any criminal proceeding against the
insured party.
The Duties and Liabilities of the Insurer and Insured Parties under
the PLI
The duties and liabilities of the insurer and the insured parties are
given herein below:
• Giving notice to the insurer within five days from the acknowl-
edgement of the occurrence of the risk
• Taking all necessary measures to avert the risk from happening
as if there is no insurance coverage and complying with the
instructions of the insurer on this purpose,
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NEWSLETTER 2012