(i) any act, neglect, error, or omission, occurring or committed in good faith by the University (together with its employees and officers whilst acting on behalf of the University);
(ii) libel and slander committed in good faith by reason of words written or spoken by the University (together with its employees and officers whilst acting on behalf of the University).
In the event of liability arising from any dishonest or fraudulent act or omission, no person committing or condoning the act or omission is entitled to indemnity.
The policy does not cover the first £1,000 of any claim for damages.
The policy also provides the same cover for individual members of the University's academic, academic-related, and technical staff who undertake private work, provided that
(a) the permission of the University has been obtained, and
(b) fees received for such work are declared to the insurer.
It should be noted, however, that claims in US and Canadian courts are excluded.
This insurance cover is subject to a number of conditions, of which the most important are:
(a) that written notice is given to the insurance company as soon as possible after the University is aware of circumstances which might reasonably be expected to produce a claim against the University (including its employees and officers if within the cover)irrespective of the validity of the claimor as soon as it is informed of such a claim for which there may be liability under the insurance cover; and
(b) that every letter, claim, writ, summons and process is forwarded to the insurance company immediately on receipt. No admission, offer, promise, payment, or indemnity is to be made or given by or on behalf of the University (including its employees and officers if within the cover) without the written consent of the company.
Members of the academic staff undertaking consultancy work with the permission of the University (under the rules laid down by the General Board), and academic-related and technical staff (who must obtain the permission of the head of their department), are strongly urged to take advantage of this cover. They may do so by writing, on a strictly confidential basis, to Ms J. Clark, Director, Research Services Office, Wellington Square, Oxford, stating the name of the employer for each consultancy and the fee or the remuneration receivable.
The insurance company will only be notified of the aggregate number of consultancies and the aggregate fees on an annual basis except in the event of a claim, when details of a particular consultancy will be required by the insurer.