PL-INSURE

General
Policy Terms

GENERAL TERMS & CONDITIONS

(Applicable to All Insurance Policies, Guarantees & Bonds)

PL Insure is Registered Under NASK that is 'Naukowa i Akademicka Sieć Ubezpieczenie - instytut badawczy' [Scientific and Academic Insurance Network – research institute] with its registered office in Warsaw, entered in the Register of Entrepreneurs of the National Court Register at number: 0000012938.

1. INTRODUCTION

These General Terms and Conditions (“Terms”) set out the overarching framework governing all insurance policies, guarantees, indemnities, bonds, and related financial risk-mitigation or protection products (collectively referred to as “Policies”) that are issued, underwritten, arranged, facilitated, or administered by PL Insure (hereinafter referred to as the “Company”, “We”, “Us”, or “Our”).

These Terms apply universally to all Clients, including but not limited to applicants, insured parties, beneficiaries, policyholders, guarantors, principals, counterparties, and any other persons or entities that request, purchase, rely upon, benefit from, or are otherwise connected to any Policy issued or facilitated by the Company (collectively referred to as the “Client”).

By submitting an application for a Policy, accepting issuance of a Policy, paying any premium or fee, relying upon a Policy as security or financial assurance, or otherwise engaging with the Company in relation to any Policy, the Client expressly acknowledges, accepts, and agrees to be legally bound by these Terms, together with:

• the specific terms, conditions, exclusions, endorsements, and schedules contained in the relevant Policy document; and

• any applicable laws, regulations, or regulatory requirements governing insurance, guarantees, or financial instruments in the applicable jurisdiction.

These General Terms form an integral and binding part of every Policy unless expressly excluded in writing. In the event of any inconsistency or conflict between these Terms and the terms of an individual Policy, the provisions of the individual Policy shall prevail to the extent of such inconsistency.

The Company reserves the right to amend, update, or modify these Terms from time to time, and any such amendments shall be effective upon publication on the Company’s official website or upon written notification to Clients, as applicable.

2. SCOPE OF APPLICATION

These General Terms and Conditions shall apply to all insurance-related and risk-mitigation products issued, arranged, underwritten, facilitated, or administered by PL Insure, whether issued directly or through approved insurers, reinsurers, partners, or intermediaries. Without limitation, these Terms apply to the following categories of products:

2.1 Types of Policies Covered

• Insurance Guarantee Policies, including but not limited to loan guarantees, bid guarantees, advance payment guarantees, and financial assurance instruments;

• Performance Bonds, issued to secure the performance of contractual, commercial, or project-based obligations;

• Financial Guarantees, including guarantees supporting financing, credit facilities, or investment transactions;

• Consultancy Fee Protection Policies, covering professional fees, advisory costs, or consultancy-related financial exposure;

• Indemnity Policies, providing compensation against specified financial losses, liabilities, or contractual risks;

• Project-Based Insurance Covers, including policies issued for infrastructure, development, construction, or investment-driven projects.

2.2 Universal Applicability

These Terms apply irrespective of:

• the nature, size, value, or duration of the Policy;

• the jurisdiction in which the Policy is issued or relied upon;

• whether the Policy is issued in physical or electronic form;

• whether the Policy is issued on a standalone basis or as part of a broader financing or contractual structure.

2.3 Relationship with Specific Policy Terms

Each Policy issued by the Company shall be governed by:

• these General Terms and Conditions; and

• the specific terms, schedules, endorsements, exclusions, and special conditions contained in the relevant Policy document.

In the event of any conflict, ambiguity, or inconsistency between these General Terms and the terms of an individual Policy, the specific Policy terms shall prevail, but only to the extent of such inconsistency.

2.4 Exclusions from Scope

These General Terms do not override:

• mandatory provisions of applicable law or regulation; or

• express written agreements executed separately between the Company and the Client, where such agreements expressly state that they prevail over these Terms.

3. ELIGIBILITY

All Policies issued, arranged, or facilitated by PL Insure are subject to strict eligibility criteria and are issued solely at the discretion of the Company, in accordance with its internal underwriting standards, risk assessment frameworks, and compliance requirements.

3.1 Due Diligence and Underwriting

Issuance of any Policy is conditional upon the successful completion of due diligence and underwriting procedures, which may include, but are not limited to:

• Know Your Customer (KYC) and Anti-Money Laundering (AML) checks;

• Financial, credit, and risk assessments of the applicant and any related parties;

• Review of project feasibility, contractual arrangements, and transaction structure;

• Assessment of reputational, legal, regulatory, and jurisdictional risks.

The Company reserves the right to request additional information or documentation at any stage of the underwriting process.

3.2 Documentation Requirements

Applicants must submit accurate, complete, and verifiable documentation, which may include but is not limited to:

• Corporate registration and constitutional documents;

• Identification documents of directors, shareholders, or authorized signatories;

• Contracts, agreements, or project-related documentation;

• Financial statements, bank records, or proof of funds;

• Any other documents reasonably required for underwriting or compliance purposes.

Failure to provide complete or accurate documentation may result in delay, suspension, or rejection of the application.

3.3 Legal and Regulatory Compliance

All applicants and transactions must comply with:

• Applicable local, national, and international laws and regulations;

• Insurance, financial services, and regulatory requirements;

• Sanctions regimes, trade restrictions, and regulatory prohibitions.

Policies shall not be issued where doing so would result in a breach of any applicable law, regulation, or regulatory directive.

3.4 Premiums and Fees

Issuance of any Policy is strictly conditional upon:

• Acceptance of the quoted premium, fees, and charges; and

• Receipt of full payment (unless otherwise agreed in writing).

No Policy shall be deemed valid, binding, or effective until all applicable premiums and fees have been paid in accordance with the Company’s payment terms.

3.5 Right to Decline Applications

The Company reserves the absolute and unconditional right to:

• Decline any application for a Policy;

• Withdraw an offer prior to issuance; or

• Impose additional conditions, limitations, or exclusions,

without obligation to provide reasons, explanations, or justification, to the fullest extent permitted by applicable law.

4. DISCLOSURE & REPRESENTATIONS

4.1 Duty of Full and Fair Disclosure

The Client has a continuing duty to provide true, accurate, complete, and not misleading information to the Company at all times, whether provided orally, in writing, electronically, or through any intermediary.

This duty applies:

• at the time of application;

• during underwriting and issuance;

• throughout the Policy Period; and

• at the time of renewal, extension, or claim submission.

4.2 Disclosure of Material Facts

The Client must disclose all material facts, whether or not specifically requested, that may influence:

• the Company’s underwriting decision;

• risk evaluation and pricing;

• acceptance, rejection, or structuring of the Policy; or

• the terms, conditions, exclusions, or limits of coverage.

A material fact includes any information that a prudent insurer or guarantor would consider relevant in assessing the nature, extent, or likelihood of risk.

4.3 Representations and Warranties

All statements, declarations, documents, and information provided by the Client shall be deemed to be representations and warranties made to the Company and relied upon by the Company in issuing the Policy.

The Client warrants that:

• all information supplied is accurate and complete;

• no material fact has been omitted, concealed, or misstated; and

• all documents provided are genuine, valid, and legally enforceable.

4.4 Duty to Notify Material Changes

The Client must immediately notify the Company in writing of any material change, including but not limited to:

• changes in ownership, management, or control;

• changes to the project, transaction, or contractual structure;

• financial deterioration, insolvency, or legal proceedings;

• regulatory, legal, or compliance issues; or

• any circumstance that may increase risk or affect coverage.

4.5 Consequences of Non-Disclosure or Misrepresentation

Any misrepresentation, misstatement, non-disclosure, concealment, or breach of the duty of disclosure—whether intentional or unintentional—may, at the Company’s discretion and to the fullest extent permitted by law:

• render the Policy void ab initio (as if it never existed);

• result in denial or reduction of any claim;

• lead to cancellation or termination of the Policy; and/or

• require repayment of any amounts already paid under the Policy.

4.6 Survival of Obligations

The obligations contained in this Section shall survive:

• termination or expiry of the Policy; and

• settlement or rejection of any claim.

5. PREMIUMS & FEES

5.1 Payment of Premiums and Fees

All premiums, fees, charges, and applicable taxes in respect of any Policy must be paid in full and in cleared funds prior to the issuance, activation, or effectiveness of the Policy, unless expressly agreed otherwise in writing by the Company.

No Policy shall be deemed valid, binding, or enforceable until full payment has been received and acknowledged by the Company.

5.2 Quotation and Acceptance

Premiums and fees are determined based on underwriting assessment, risk evaluation, and information provided by the Client at the time of application.

The Client’s acceptance of a quoted premium or fee constitutes agreement to the pricing, payment terms, and associated conditions.

The Company reserves the right to revise premiums or fees where material facts are subsequently discovered or where risk factors change prior to issuance.

5.3 Non-Refundability

Unless otherwise required by applicable law or expressly stated in the relevant Policy or written agreement:

• All premiums and fees are non-refundable, whether the Policy is cancelled, terminated, surrendered, or expires without claim;

• No refund shall be payable in respect of partial periods of coverage or unused portions of the Policy Period.

Any permitted refund shall be subject to applicable administrative charges and deductions.

5.4 Consequences of Late or Non-Payment

Failure to pay premiums or fees in accordance with agreed payment terms may, at the Company’s discretion and without prejudice to any other rights:

• result in suspension of coverage;

• render the Policy void or ineffective;

• lead to cancellation or termination of the Policy; and/or

• result in denial of claims arising during the period of non-payment.

The Company shall not be liable for any loss occurring during any period in which coverage is suspended due to non-payment.

5.5 Taxes and Charges

All premiums and fees are exclusive of applicable taxes, duties, levies, or regulatory charges, which shall be borne by the Client unless otherwise stated.

5.6 Method of Payment

Payments shall be made through approved payment channels as specified by the Company. Any bank charges, transfer fees, or transaction costs shall be borne by the Client.

6. POLICY PERIOD & VALIDITY

6.1 Policy Commencement and Expiry

Each Policy issued by PL Insure shall be valid only for the Policy Period explicitly stated in the Policy Schedule, including any endorsements or annexures.

• The commencement date shall be the effective date specified in the Policy, provided all conditions, due diligence, and premium payments have been satisfied.

• The Policy shall automatically expire at the end of the period specified in the Policy Schedule unless it is renewed, extended, or amended in writing by the Company.

6.2 Renewal and Extension

• Renewal or extension of a Policy is subject to the Company’s approval, underwriting review, and payment of any applicable premiums or fees.

• No Policy shall continue automatically beyond the expiry date unless expressly confirmed in writing by the Company.

6.3 Claims after Expiry

• Claims submitted after the expiry date of the Policy shall not be accepted, unless specifically permitted under the terms of the Policy or a written endorsement by the Company.

• The Company reserves the right to verify the date of any event giving rise to a claim and may deny claims arising outside the Policy Period.

6.4 Effect of Suspension or Cancellation on Validity

• Any suspension or cancellation of the Policy in accordance with Section 11 (Cancellation & Termination) shall affect coverage immediately, and no claims arising during a suspension or after cancellation shall be admitted unless otherwise agreed in writing.

• Obligations, rights, and liabilities that accrued prior to the expiry, suspension, or cancellation shall remain enforceable.

6.5 Client Acknowledgment

By accepting the Policy, the Client acknowledges and agrees that:

• Coverage is strictly limited to the Policy Period;

• No coverage exists outside the stated period unless confirmed in writing; and

• Any claims outside the Policy Period may be denied, irrespective of notification timing.

7. COVERAGE & LIMIT OF LIABILITY

7.1 Scope of Coverage

Coverage under any Policy is strictly limited to the specific risks, events, obligations, or guarantees expressly described in the relevant Policy wording, schedule, endorsements, and annexures (collectively, the “Policy Documents”).

No coverage shall be implied or assumed beyond what is expressly stated in the applicable Policy.

7.2 Sum Insured

The maximum liability of the Company under any Policy shall be limited to the Sum Insured or Guaranteed Amount as stated in the Policy Schedule.

Under no circumstances shall the Company’s aggregate liability exceed this amount, regardless of:

• the number of claims or demands made;

• the duration of the Policy; or

• the number of beneficiaries or interested parties.

7.3 Limit of Liability

The Company’s liability shall be strictly capped at the maximum amount specified in the Policy Schedule and shall not exceed such amount for any reason whatsoever.

Once the maximum liability has been paid or exhausted, the Company shall have no further obligation under the Policy, and the Policy shall automatically terminate unless otherwise stated.

7.4 Excluded Losses

Unless expressly stated otherwise in the Policy Documents, the Company shall not be liable for:

• interest, late payment charges, or penalties;

• indirect, consequential, special, punitive, or exemplary damages;

• loss of profits, loss of opportunity, or loss of business;

• reputational damage or goodwill losses;

• legal or professional fees incurred by the Client or any third party.

7.5 No Enlargement of Liability

No act, omission, negotiation, correspondence, or representation by the Company, its agents, brokers, or representatives shall operate to increase, extend, or enlarge the Company’s liability beyond the stated Sum Insured unless confirmed in writing by an authorized officer of the Company.

7.6 Aggregate Liability

Where multiple claims arise from the same or related cause, event, or transaction, such claims shall be deemed a single claim for the purpose of applying the limit of liability.

8. CLAIMS

All claims arising under any Policy must be submitted strictly in accordance with the terms, conditions, and procedures outlined in the applicable Policy document.

Clients are required to:

• Submit all claims in writing within the time limits specified in the Policy, failing which the claim may be rejected.

• Provide complete, accurate, and verifiable supporting documentation, including but not limited to claim forms, contracts, invoices, notices of default, loss assessments, and any other information reasonably requested by the Company.

• Fully comply with all claim notification, mitigation, cooperation, and procedural requirements set out in the Policy.

The Company reserves the absolute right to:

• Investigate, verify, review, and audit any claim, including requesting additional documents or conducting independent assessments.

• Appoint surveyors, adjusters, legal advisors, auditors, or other experts to evaluate the validity and quantum of the claim.

• Delay, reduce, or deny a claim if the claim is found to be fraudulent, exaggerated, unsupported, submitted late, or not in compliance with Policy terms.

No claim shall be deemed admitted, accepted, or payable unless and until the Company has completed its investigation and issued a written confirmation of liability. Payment of any claim shall be strictly limited to the coverage, conditions, exclusions, and limits specified in the applicable Policy.

9. EXCLUSIONS

Unless expressly stated or endorsed in the Policy, the Company shall not be liable for any losses, damages, claims, or expenses arising from the following:

9.1 Fraud, Dishonesty, or Criminal Acts

• Any act, omission, or conduct by the Client, beneficiary, or any related party that constitutes fraud, dishonesty, or a criminal act.

• Any deliberate misrepresentation, concealment, or falsification of documents, information, or claims.

9.2 Regulatory or Legal Violations

• Losses resulting from failure to comply with any applicable law, regulation, statutory requirement, licensing condition, or governmental directive.

• Penalties, fines, sanctions, or similar charges imposed by authorities.

9.3 Market Risks, Business Losses, or Investment Performance

• Losses arising from fluctuations in financial markets, investment performance, economic conditions, business operations, or any opportunity cost.

• Policies do not provide protection against commercial or market risks unless explicitly stated.

9.4 War, Terrorism, Civil Unrest, or Force Majeure Events

• Losses or damages directly or indirectly resulting from war, invasion, hostilities, terrorism, rebellion, civil unrest, strikes, natural disasters, epidemics, or other events beyond reasonable control.

• Such events are considered Force Majeure and are not covered unless specifically endorsed in the Policy.

9.5 Claims Outside the Coverage Period

• Any claim arising from an event, loss, or liability occurring outside the Policy Period or not notified in accordance with the Policy’s terms and procedures.

• Late or delayed notifications may result in full or partial denial of the claim.

9.6 Other Exclusions

• Any exclusion expressly stated in the Policy wording, schedule, endorsement, or annexure shall also apply.

• This section does not limit other rights of the Company to deny claims or limit liability as set out elsewhere in these General Terms and Conditions.

10. SUBROGATION

Upon payment or settlement of any claim under a Policy, whether in whole or in part, the Company shall automatically be subrogated to all rights, remedies, and causes of action that the Client or any beneficiary may have against any third party, to the extent of the amount paid or liability assumed by the Company.

The Client agrees to:

• Assign and preserve all rights of recovery against any responsible third party.

• Take all reasonable steps, at the Company’s request and expense, to assist, cooperate, and support the Company in enforcing such recovery rights.

• Provide all documents, information, authorizations, and testimony reasonably required to pursue subrogation or recovery actions.

• Refrain from doing anything that may prejudice, waive, or impair the Company’s subrogation rights.

Any recoveries obtained from third parties shall be applied first to reimburse the Company for amounts paid under the Policy, including related legal and recovery costs, with any balance thereafter paid to the Client, subject to applicable law.

Failure by the Client to cooperate or any act that compromises the Company’s subrogation rights may result in reduction, suspension, or denial of claim payments to the extent of the prejudice suffered by the Company.

11. CANCELLATION & TERMINATION

The Company reserves the right to cancel, terminate, or suspend any Policy at its sole discretion, subject to applicable laws and regulatory requirements. Cancellation or termination may occur under any of the following circumstances, including but not limited to:

1. Non-Payment of Premiums or Fees

o If the Client fails to pay premiums, fees, or any other charges within the stipulated timelines, the Company may suspend coverage immediately or cancel the Policy entirely.

o Coverage shall remain suspended until full payment is received, and any claims arising during the period of non-payment may be denied.

2. Breach of Policy Terms

o Any material breach of the Terms, General Terms & Conditions, or specific Policy provisions may result in termination.

o Material breaches include, but are not limited to, failure to comply with reporting obligations, notification of material changes, or adherence to claim procedures.

3. Misrepresentation, Non-Disclosure, or Fraud

o Policies may be terminated if the Client, beneficiary, or any related party is found to have provided false, misleading, or incomplete information, or has engaged in fraudulent activities.

o Misrepresentation or non-disclosure may also render the Policy void ab initio, as specified in Section 4 (Disclosure & Representations).

11.1 Effect of Termination

• Termination or cancellation of a Policy does not affect any rights, obligations, or liabilities accrued prior to the effective date of termination.

• The Company retains the right to settle claims, recover payments, or enforce subrogation rights in relation to events occurring before termination.

• The Client remains liable for any outstanding premiums, fees, or other amounts due to the Company at the time of termination.

11.2 Notice of Termination

• Where required by law or regulation, the Company shall provide written notice of cancellation or termination to the Client and/or beneficiary.

• Such notice shall specify the reason for termination, the effective date, and any rights or obligations that survive termination.

11.3 Survival of Obligations

• Obligations related to subrogation, confidentiality, disclosure, claim verification, and legal compliance shall survive termination or cancellation of the Policy.

• Termination does not release the Client from liabilities arising from events that occurred prior to the effective date of termination.

12. CONFIDENTIALITY

12.1 Obligation of Confidentiality

The Company and the Client mutually agree that all information, documents, communications, and data exchanged in connection with the application, issuance, management, or enforcement of any Policy shall be treated as strictly confidential. This includes, but is not limited to:

• Personal, corporate, or financial information of the Client or related parties;

• Project details, contracts, agreements, or operational plans;

• Risk assessments, underwriting reports, and internal evaluations;

• Correspondence, claims information, or legal notices.

12.2 Permitted Use

Confidential information shall be used solely for purposes directly related to:

• Underwriting and risk assessment;

• Policy administration and claims processing;

• Compliance with internal policies, audit, and quality assurance;

• Regulatory reporting or mandatory legal disclosures.

12.3 Exceptions

Confidentiality obligations shall not apply where disclosure is:

• Required by law, regulation, court order, or competent authority;

• Necessary for enforcement of the Company’s rights, including subrogation or recovery;

• Authorized in writing by the Client;

• Already publicly available through lawful means, without breach of these Terms.

12.4 Duration of Confidentiality

All confidentiality obligations shall survive the termination, expiration, or cancellation of any Policy and continue to remain in effect indefinitely, unless disclosure is permitted as described above.

12.5 Breach of Confidentiality

Any unauthorized disclosure, use, or breach of confidential information may result in:

• Legal action, including claims for damages;

• Termination or suspension of Policies;

• Denial of claims where applicable;

• Reimbursement of losses incurred by the Company due to the breach.

13. LIMITATION OF LIABILITY

13.1 General Limitation

To the fullest extent permitted by law, the Company’s liability under any Policy, contract, or agreement, whether in contract, tort, negligence, strict liability, or otherwise, shall be strictly limited as set out in the relevant Policy and these General Terms & Conditions.

The Company shall not, under any circumstances, be liable for losses or damages exceeding the Sum Insured, Guaranteed Amount, or other limits expressly stated in the Policy.

13.2 Exclusions from Liability

Without limiting the foregoing, the Company shall not be liable for:

• Delays or failures caused by third parties, including but not limited to banks, insurers, brokers, agents, contractors, or other intermediaries;

• Indirect, consequential, special, punitive, or incidental losses, including loss of profit, loss of business opportunity, loss of reputation, or loss of goodwill;

• Events beyond reasonable control (“Force Majeure”), including natural disasters, war, terrorism, civil unrest, governmental action, strikes, pandemics, or other similar occurrences;

• Any losses arising from regulatory, legal, or compliance requirements;

• Any claims arising outside the Policy Period or not notified in accordance with the Policy terms.

13.3 Aggregate Liability

Where multiple claims arise from the same or related cause, event, or transaction, the aggregate liability of the Company shall not exceed the maximum amount payable under the Policy, regardless of the number of claims, beneficiaries, or legal actions.

13.4 No Implied Warranties

The Company makes no representations or warranties, express or implied, other than those expressly set out in the Policy or these Terms. This includes warranties of merchantability, fitness for purpose, or suitability of the Policy for any specific transaction or requirement.

13.5 Client Acknowledgment

By purchasing or relying on any Policy, the Client acknowledges and agrees that these limitations are reasonable, necessary, and integral to the Company’s ability to provide insurance and guarantee products at the stated premiums.

14. GOVERNING LAW & JURISDICTION

14.1 Governing Law

All Policies issued, arranged, or facilitated by PL Insure, and these General Terms & Conditions, shall be governed by and construed in accordance with the laws of the Republic of Poland.

• Any matter relating to the validity, interpretation, enforcement, or performance of a Policy shall be determined under Polish law.

• The Parties acknowledge that Polish law will apply to any disputes, claims, or differences arising out of or in connection with a Policy, whether contractual, tortious, or statutory.

14.2 Jurisdiction

Except where the Parties have mutually agreed to arbitration or alternative dispute resolution methods, all disputes, controversies, or claims arising from, related to, or in connection with a Policy shall be submitted to the exclusive jurisdiction of the courts of Warsaw, Poland.

• The Parties expressly submit to the jurisdiction of these courts and waive any objection to venue or forum.

• Enforcement, recognition, or execution of judgments shall also be conducted in accordance with Polish law and applicable procedural rules.

14.3 Alternative Dispute Resolution

Where a Policy specifies arbitration or other dispute resolution procedures:

• Such disputes shall be resolved in accordance with the rules, procedures, and location specified in the Policy.

• Any arbitration award shall be final, binding, and enforceable under Polish law.

• Parties agree to fully cooperate with any appointed arbitral tribunal and to abide by the tribunal’s decisions.

14.4 Severability of Law

If any provision of a Policy or these General Terms is deemed unenforceable under Polish law, such provision shall be severed, and the remainder of the Terms shall continue to apply fully.

14.5 Client Acknowledgment

By purchasing, relying on, or entering into any Policy, the Client acknowledges and agrees that they:

• Understand and accept Polish law as governing;

• Agree to submit to the courts of Warsaw or designated arbitration processes; and

• Waive any right to challenge venue, jurisdiction, or governing law, except as permitted under Polish law.

15. AMENDMENTS & UPDATES

15.1 Right to Amend

The Company reserves the sole and absolute right to amend, modify, update, or revise these General Terms and Conditions (“Terms”) at any time, without prior notice to any Client, subject to applicable laws and regulations.

• Amendments may include changes to Policy coverage, procedures, eligibility criteria, premiums, fees, limits of liability, or any other term set out in these Terms.

• Any amendments shall be binding on all Clients, whether or not they have been individually notified, provided such amendments are published in accordance with Section 15.3 below.

15.2 Effect of Amendments on Existing Policies

• Amendments shall apply prospectively and shall govern all Policies issued or renewed after the effective date of the amendment.

• Existing Policies shall continue to be governed by the Terms in effect at the time of issuance, unless the Company and the Client expressly agree in writing to apply the updated Terms.

• Where amendments affect claim procedures, rights, or obligations, the Company shall take reasonable steps to notify affected Clients as appropriate.

15.3 Publication and Communication

• All updated versions of these Terms shall be published on the Company’s official website and may also be communicated through email, policy bulletins, or other official channels.

• Clients are responsible for reviewing these Terms periodically to remain informed of any updates or changes.

15.4 Acceptance of Amendments

• Continued use of any Policy, payment of premiums, or engagement with the Company following the publication of amended Terms shall constitute acceptance and agreement to be bound by the updated Terms.

• Clients who do not agree to any amendment may request termination of the Policy in accordance with Section 11 (Cancellation & Termination), subject to applicable premiums, fees, and obligations.

15.5 Severability of Amendments

If any amendment is deemed invalid or unenforceable under applicable law, it shall be severed without affecting the validity, enforceability, or application of the remaining provisions of these Terms.

16. DISCLAIMER

16.1 General Disclaimer

The information provided on the Company’s website, promotional materials, or other communications regarding insurance products, guarantees, indemnities, bonds, or related financial protection products (“Policies”) is intended for general informational purposes only.

• It does not constitute legal, financial, investment, or professional advice.

• It should not be relied upon as a substitute for obtaining independent advice tailored to the Client’s specific circumstances, needs, or objectives.

16.2 No Warranty or Representation

The Company makes no warranties or representations, express or implied, regarding the completeness, accuracy, reliability, or suitability of the information provided on the website or other communications.

• The Company expressly disclaims any liability for any errors, omissions, or reliance placed on such information by any person or entity.

• Any reliance on such information is done entirely at the Client’s own risk.

16.3 Independent Professional Advice

Clients, applicants, beneficiaries, or any other parties considering a Policy are strongly encouraged to obtain:

• Independent legal advice;

• Financial or investment advice;

• Tax or regulatory guidance; and

• Any other professional advice relevant to the purchase, reliance, or enforcement of a Policy.

Such advice should be obtained before entering into any Policy, making any claim, or taking any action based on the information provided by the Company.

16.4 Limitation of Liability

The Company shall not be liable for any losses, damages, claims, or expenses arising from:

• The use of information on the website;

• Decisions made based on general information provided; or

• Failure to seek appropriate professional advice.

16.5 Website Content

The Company reserves the right to update, modify, or remove any information from the website at any time without notice.

• Use of the website constitutes acknowledgment and acceptance of these disclaimers.

• Nothing on the website creates any contractual or fiduciary relationship between the Company and the Client.

For queries related to Policies or these Terms:

PL Insure

Email: info@plinsure.pro