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39 <br />permit the incident to be reported to us under this Policy and we will indemnify you under <br />this Policy in respect of any claim that arises out of the incident, provided: <br />a.the indemnity will be subject to the applicable limit of liability of the previous renewal <br />of this Policy under which the incident should have been reported to us or the <br />applicable limit of liability, whichever is the lower; <br />b.we may reduce the indemnity entitlement by the monetary equivalent of any <br />prejudice which has been suffered as a result of the delayed notification; and <br />c.the indemnity will be subject to all other terms and conditions of this Policy. <br />We require you to provide full details of the incident, including but not limited to: <br />a.the time, place and nature of the incident; <br />b.the manner in which you first became aware of this incident; <br />c.reasons why you believe that this incident could give rise to a claim; <br />d.the identity of the potential claimant; and <br />e.an indication as to the size of the claim that could result from this incident. <br />For the avoidance of doubt, this Condition only applies to incidents that might give rise to a <br />claim. <br />9.Cross liability and severability <br />In respect of INSURING CLAUSE 4 only, where there is more than one entity insured under <br />this Policy, and subject to the limit of liability, any claim made by one insured entity against <br />another insured entity will be treated as if they are a third party and knowledge possessed by <br />one insured entity will not be imputed to any other insured entity. <br />10.Dispute resolution <br />All disputes or differences between you and us will be referred to mediation or arbitration and <br />will take place in the country of registration of the company named as the insured in the <br />Declarations page. <br />In respect of any arbitration proceeding we will follow the applicable rules of the arbitration <br />association in the country where the company stated as the insured in the Declarations page <br />is registered, the rules of which are deemed incorporated into this Policy by reference to this <br />Condition. Unless the applicable arbitration association rules state otherwise, a single <br />arbitrator will be appointed who will be mutually agreed between you and us. If you and we <br />cannot agree on a suitable appointment then we will refer the appointment to the applicable <br />arbitration association. <br />Each party will bear its own fees and costs in connection with any mediation or arbitration <br />proceeding but the fees and expenses of the arbitrator will be shared equally between you <br />and us unless the arbitration award provides otherwise. <br />CFC Underwriting Limited is Authorized and Regulated by the Financial Conduct Authority <br />Professions v4.0 <br />©1999-2023 CFC Underwriting Ltd, All Rights Reserved <br /> <br />