Professional Indemnity Insurance for IT Networks Company

INDICATIVE NON-BINDING QUOTATION

CLASS OF INSURANCE	:	Professional Indemnity Insurance
POLICY WORDING	:	Chubb standard integrity errors & omissions insurance policy form 75-02-0155 (Ed. 03-04) Claims –Made & Reported
BASIS	:	Claims Made Basis This policy only extends to insure claims made, notified or reported to Insurers during the currency of the policy period or discovery period if applicable, as more fully defined in the policy.
INSURED	:	PT XXX XXX XXX
ADDRESS	:	xxxxxx
INSURED BUSINESS	:	INDONESIAN INFOCOM NETWORK SOLUTION COMPANY, PROVIDING SOLUTIONS AND STRATEGIC PARTNERSHIP FOR TELECOMMUNICATION INFRASTRUCTURE AND SERVICES
PERIOD OF INSURANCE	:	12 month from the date to be advised Both dates inclusive at 16:00 Western Indonesia Standard time
LIMIT OF INSURANCE	:	Option 1 USD 1,000,000 each wrongful act and in the aggregate Option 2 USD 2,000,000 each wrongful act and in the aggregate Any one claim and in the annual aggregate for all loss, arising out of claims made against the Insureds under all insurance cover combined (including defence costs).
COVERAGE	:	-       Financial Injury -       Intellectual Property Infringement Injury and Reputational Injury Liability (as more fully defined in the original policy and endorsements)
TERRITORY	:	Indonesia
JURISDICTION	:	Indonesia
DISPUTE RESOLUTION AND GOVERNING LAW	:	Indonesia
RETROACTIVE DATE	:	Policy Inception
DEDUCTIBLE	:	USD 250,000 Each and Every Claim
POLICY CLAUSES	:	-       Financial Injury for financial injury, because of the failure: of your product to perform the function or to serve the purpose intended, due to a defect, deficiency, inadequacy or dangerous condition in your product; or to perform your service, in accordance with the terms and conditions of a contract or agreement; caused by a wrongful act to which this coverage applies. Financial injury: A.    means economic injury sustained by a person or organisation because their property, including software, data and other information that is in electronic form: 1.       cannot be used; or 2.       is less useful. B.      includes only that part of economic injury, described in subparagraph A above, which results from your product or your service, or a part or phase of your product or your service, that has been accepted. Your product or your service, or a part or phase of  your product or your service, will be deemed accepted only when and only to the extent that such product or service (or such part or phase) has been accepted pursuant to the acceptance criteria in effect at the time of acceptance. But, in no event will such: -       product be deemed accepted unless and until possession of the product has been relinquished to perform the function or serve the purpose intended. -       service be deemed accepted unless and until the service has begun. Intellectual Property Infringement Injury and Reputational Injury Liability
EXCLUSIONS	:	-       Adjustment, Inspection, Recall or Replacement Expenses -       Aircraft Products -       Asbestos -       Bodily Injury -       Ceasing Support -       Continuing Wrongful Acts -       Contracts -       Damage to Property -       Delay in Deliver of Or Failure to Deliver Your Product -       Delay in Performance of Or Failure to Begin Your Service -       Dishonesty -       Employment-Related Practices -       Enhancement, Maintenance Or Prevention Expenses -       Expected Or Intended Financial Injury -       Financial Impairment of Insureds -       Governmental Claims or Proceedings -       Injury to Insureds Or Affiliates -       Intellectual Property Laws or Rights -       Maintenance of Contracts or Licenses -       Multiplied or Punitive Damages, or Penalties -       Nuclear Energy -       Personal or Reputational Injuries -       Pollution -       Securities Breach or Unauthorised Access -       Terrorism -       War -       Workers’ Compensation or Similar Laws -       Patent and Trade Secrets
ANNUAL PREMIUM	:	OPTION I:            USD xxx OPTION II :          USD xxx
UNDERWRITING SUBMISSION/ INFORMATION	:	-       Completed, unsigned and undated 2012 proposal form -       Annual Revenue 2010: IDR 234,014,823,314 -       www.alita-indonesia.com
SUBJECTIVITIES	:	-       Annual revenue 2011 full year and 2012 forecast -       Completed and signed Chubb INT E&O application form with answer to question Part III question 6 “List of any customers that represents 10% or more of your total annual revenue -       Completed Intellectual Property Infringement and Reputational Injury Protection  (IPR)Questionnaire -       Location details of data centers and development centers -       Exclude of all known claims, losses, incidents, occurrences, notifications, circumstances and any allegations that might lead to claims as at inception date of policy cover