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Special Crime Insurance Summary January 31, 2013 to January 31, 2016 Prepared by: Lockton Companies 1 Phone: 646-572-7365 Fax: 646-871-7365 Website:www.lockton.com.

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Presentation on theme: "Special Crime Insurance Summary January 31, 2013 to January 31, 2016 Prepared by: Lockton Companies 1 Phone: 646-572-7365 Fax: 646-871-7365 Website:www.lockton.com."— Presentation transcript:

1 Special Crime Insurance Summary January 31, 2013 to January 31, 2016 Prepared by: Lockton Companies 1 Phone: 646-572-7365 Fax: 646-871-7365 Website:www.lockton.com DISCLAIMER: This insurance summary is subject to the terms, conditions and limitations of the policy. Nothing contained herein should be construed as legal advise. It is provided as general advise only. Knowledgeable legal counsel should be consulted for any legal questions or interpretations.

2 2 Special Crime Policy Period: January 31, 2013 to January 31, 2016 Deductible (Each Loss): $0 Hiscox USA $25,000,000 per loss (see below for details) $19,239 Annual Premium Policy Number: UKA3003518.13 Named Insured:SONY PICTURES ENTERTAINMENT, INC., et al any & all subsidiaries, divisions, associated and/or affiliated companies now existing or herein after created or acquired and their financially controlled or actively managed organizations or undertakings including partnerships, joint ventures and any other organizations, entity or persons which they have agreed to insure. Coverage:HICI Corporate Protection Insurance Policy plus Amendatory Endorsement Policy Number :UKA3003518.13 AM Best Rating:A XI Limit of Liability:Ransom:$25,000,000 Transit:$25,000,000 Control Risks Fees & Expenses:$Unlimited Additional Expenses:$25,000,000 Legal Liability:$25,000,000 Personal Accident:$250,000/$2,500,000 Loss of Earnings:$25,000,000 Expatriate Security Evacuation:$25,000/$1,000,000 Travel Security Evacuation:$25,000/$1,000,000 Disappearance, Investigation & Expense:$50,000 Threat Response:$250,000 Express Kidnap:$250,000 Child Abduction:$1,000,000 Hostage Crisis:$10,000,000 Deductible:$0 Annual Premium:$19,239 (annual installments) Territory:Worldwide Notice of Loss:If an insured event occurs or is believed to have occurred, Control Risks should be contacted on the following international telephone number: +44 20 7939 8900 (24 hours). From the United States this number becomes 011 44 20 7939 8900 or toll free 1 800 831 1985.

3 3 Important Definitions: Insured Persons:All Directors, Officers, Employees, Leased or Temporary Employees, Contract Employees, Volunteers, Students, Interns, Loan Outs, Independent Producers, Consultants, employees paid by payroll service companies on behalf of the Named Insured, and persons specifically retained to negotiate or deliver a ransom. The spouse, or a domestic partner, or relative, fiancé or fiancée, or a lineal descendant or a living ancestor, including but not limited to step-parents, step- children, step-siblings, foster children, adopted children, adopted parents and spouses thereof, of either an Insured Person or the spouse of an Insured Person; A person normally resident or employed in the household and/or on the grounds of an Insured Person. A guest in the home of an Insured Person Guest or customer of the Named Insured while on any real property which premises are occupied by the Named Insured in the conduct of its business, or a guest or customer on board any vehicle, aircraft or waterborne vessel owned or leased by the Named Insured or an Insured Person A person who is temporarily employed for the sole purpose of negotiating and/or delivering a Ransom. Major Exclusions: 1.The surrender of a Ransom in any face to face encounter, unless surrendered by a person who is in possession of such a Ransom at the time of such surrender for the sole purpose of conveying it to pay a previously communicated Ransom demand.) 2.Surrender of a Ransom either at the location where the Kidnap of one or more Insured Persons(s) occurs or where the Extortion or Products Extortion demand is first made, unless brought to such location after receipt of the Ransom demand for the sole purpose of paying such Ransom demand 3.In respect of Kidnap, Extortion, Products Extortion or Hijack only, a fraudulent, or criminal act of the Named Insured, a director, officer, employee or agent of the Named Insured, or an Insured Person or agent thereof, whether acting alone or in collusion with others and sanctioned by the Named Insured. 4.In respect of Detention only: (a) a Detention which is for a period of less than six (6) hours; (b) any act or alleged act of the Named Insured or an Insured Person which would be a criminal offense if committed by the same party in the State where its headquarters are located or of which he is a national, unless the Company determines that such allegations were intentionally false, fraudulent and malicious and made solely and directly to achieve a political, propaganda or coercive effect upon or at the expense of the Named Insured or the victim of a Detention; and (c) failure of the Named Insured or an Insured Person to properly procure or maintain immigration, work, residence or similar visas, permits or other documentation. Special Crime

4 4 Endorsements: 1.EXPATRIATE SECURITY EVACUATION. 2.THREAT RESPONSE EXPENSE. 3.DISAPPEARANCE INVESTIGATION AND EXPENSE. 4.CHILD ABDUCTION. 5.EXPRESS KIDNAP. 6.TRAVEL SECURITY EVACUATION. 7.ALTERNATE LOSS OF EARNINGS 8.HOSTAGE CRISIS. 9.COVERAGE AMENDATORY – Amends various Insured Losses provisions. 10.BROAD-FORM NAMED INSURED. 11.CONSOLIDATION/MERGER – 25% (revenues) / 90 days automatic coverage if greater than the threshold 12.CANCELLATION BY SPE ON A PRO-RATA BASIS FOR ANY REASON. Special Crime


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