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RISK FACTORS
95
LISI 2015 FINANCIAL REPORT
risk and of the instruments used to mitigate it is described in
Chapter 3, paragraph 2.5.3.1 "Interest rate risk".
3
/
INSURANCE POLICY
The LISI Group has several insurance policies, which mainly
cover the following risks:
3.1
/
PROPERTY DAMAGE INSURANCE
As of January 1
st
, 2016, this policy covered own and others’
installations, as well as operating losses in the event of a
claim. The deductible is stated by claim and amounts to
€0.1 million (€0.15 million for the Manoir Aerospace sites), and
this for a maximum coverage amount of €1,430,313,643 for the
buildings and equipment, €294,990,344 for merchandise, and
€809,885,661 for operating losses.
3.2
/
THIRD-PARTY LIABILITY INSURANCE
This covers personal, physical and intangible damage that
might occur during operations, as well as damages that occur
after delivery, to the sum of €60 million per claim and per
annum in primary coverage.
LISI AEROSPACE signed an insurance contract covering its
liability for injury, property damage and consequential damage
and flight disruptions due to its delivered aerospace products.
The sum insured for all subsidiaries, per loss and per insurance
year is €500 million.
3.3
/
CORPORATE OFFICERS' LIABILITY INSURANCE
The Group is covered by a directors’ liability insurance policy
for all its subsidiaries up to €10 million per annum.