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LISI 2017 FINANCIAL REPORT
RISK FACTORS
5
3
I
INSURANCE POLICY
The LISI Group has several insurance policies, which mainly cover the
following risks:
3.1
|
PROPERTY DAMAGE INSURANCE
As of January 1, 2017, 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 for a maximum coverage
amount of €1,596,628,121 for buildings and equipment, €288,020,924 for
merchandise and €884,380,085 for operating losses.
3.2
I
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 €80 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
I
CORPORATE OFFICERS’ LIABILITY INSURANCE
The Group is covered by a directors’ liability insurance policy for all its
subsidiaries up to €20 million per annum.
3.4
I
CYBER INSURANCE
The Group has taken out an insurance policy that provides coverage for
of all its subsidiaries of up to €20 million per year in the event of a cyber
attack.