68Corporate policies to extend to all liability

68 Corporate policies to extend to all liability

68 Corporate policies to extend to all liability

(1) A professional indemnity policy that is issued to a body corporate must extend the indemnity provided to—

(a) if the body corporate is a registered body corporate who is a registered design practitioner or registered principal design practitioner—all liability of the registered body corporate incurred at any time since the registered body corporate first became a registered design practitioner or registered principal design practitioner, and

(b) for each registered design practitioner or registered principal design practitioner who, at any time before or during the term of the policy, is a registered employee of the body corporate—all liability of the registered design practitioner or registered principal design practitioner incurred—

(i) while the registered design practitioner or registered principal design practitioner was a registered employee of the body corporate, and

(ii) in the course of the design practitioner carrying out design work, or the principal design practitioner carrying out principal design work, on behalf of the body corporate.

(2) The indemnity must extend to a person who has been a registered employee of the body corporate regardless of whether the person ceased to be a registered employee before the policy commenced.