Notwithstanding the fact that such parties as advised are hereby named in their
capacity as Co-Assured under this Policy, this cover will only extend insofar
as they may be found liable to pay in the first instance for liabilities
which are properly the responsibility of the original Assured, and nothing
herein contained shall be construed as extending cover in respect of any
amount which would not have been recoverable hereunder by the original Assured
had such claim been made or enforced against him. Once indemnification hereunder
has been made there shall be no further liability hereunder to make any further
payment to any person or company whatsoever, including the Assured, in respect
of that claim.
All rights granted to us together with all duties of an assured under the original insuring agreement shall also apply to any other named additional/ co-assured jointly.
Nothing in this agreement shall be construed as extending coverage to indemnify the additional/co- assured for their own negligent act, omission or those of their employees, servants, agents or sub-contractors whether they be deemed independent or otherwise that would be their own legal liability. Nor shall this clause be construed as a waiver of any rights of subrogation of the original assured against the named additional/ co- assured for damages caused by the additional/ co-assured’s negligent act or omission or breach of contractual obligations or as may be granted at law.
In consideration of this the additional/co-assured hereby waives any exculpatory
language term or condition set out within any agreement that exists or may
exist between the original assured and themselves whether such language, term
or condition seeks to limit the liability or otherwise of the additional/co-assured
to the original assured.