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0 cfc <br /> lawyer is suitably qualified by experience,taking into account the subject matter of the claim, <br /> and the cost to provide a defense. <br /> We will endeavor to settle any claim through negotiation, mediation or some other form of <br /> alternative dispute resolution and will pay on your behalf the amount we agree with the <br /> claimant. If we cannot settle using these means,we will pay the amount which you are found <br /> liable to pay either in court or through arbitration proceedings,subject to the limit of liability. <br /> We will not settle any claim without your consent. If you refuse to provide your consent to a <br /> settlement recommended by us and elect to continue legal proceedings in connection with <br /> the claim, any further costs and expenses incurred will be paid by you and us on a <br /> proportional basis,with 50% payable by us and 50% payable byyou.Asa consequence ofyour <br /> refusal, our liability for the claim, excluding costs and expenses, will not be more than the <br /> amount for which the claim could have been settled. <br /> 4. Application warranty <br /> You agree that all statements made by you in the application form, including any renewal <br /> application form, and any supplemental materials you have supplied in support of the <br /> application for insurance, are your agreements and representations to us and the Policy is <br /> issued in reliance upon that information. The misrepresentation or non-disclosure of any <br /> matter by you or your agent will render this Policy null and void and relieve us from all liability <br /> under this Policy. <br /> 5. Calculation of business interruption losses <br /> Following an interruption to your business activities covered under INSURING CLAUSE 6 <br /> (SECTIONS C, D, E or F only),you must provide us with your calculation of the loss including: <br /> a. how the loss has been calculated and what assumptions have been made;and <br /> b. supporting documents including account statements,sales projections and invoices. <br /> 6. Cancellation <br /> This Policy maybe canceled with 30 days written notice by either you or us. <br /> If you give us notice of cancellation, the return premium will be in proportion to the number <br /> of days that the Policy is in effect. However, if you have made a claim under this Policy there <br /> will be no return premium. <br /> If we give you notice of cancellation, the return premium will be in proportion to the number <br /> of days that the Policy is in effect. <br /> We also reserve the right of cancellation in the event that any amount due to us by you <br /> remains unpaid more than 60 days beyond the inception date. If we exercise this right of <br /> cancellation it will take effect from 14 days after the date the written notice of cancellation is <br /> issued. <br />