EXEL Industries // 2020 Universal registration document

Management report 3 Insurance

Insurance

3.6

In 2020, the Group continued its policy of centralizing insurance programs, while nevertheless taking into account the speci fi c nature of the Group’s activities in order to ensure:  a consistent transfer of risks;  harmonization of the conditions for cover and deductibles;  better costs;  optimization through economies of scale;  an extension of insurance programs to the entire Group. The Group will continue its policy in France and abroad in 2021 by:  guaranteeing better coverage of risks, by integrating all Group subsidiaries into existing insurance programs, in particular the new subsidiaries that have joined the Group;

 increasing guarantees where required;  reducing costs, notably through car insurance, when the Group considers this to be expedient;  setting up new insurance programs to cover risks which have not been covered up until now and which it is expedient to cover. We will ensure that the main accidental or operating risks are transferred to the insurance market whenever possible, and that the risk transfer is justi fi ed economically. Our insurance policy takes into account changing risk models, risk assessment, market conditions and the available insurance capacity.

The table below summarizes all areas currently covered by Group Insurance:

Insurance

Main cover

All risks subject to named exclusions

Property damage and business interruption (International Program)

Civil Liability (International Program)

All risks subject to named exclusions Including the following coverage:  civil liability for operations;  post-delivery or post-work civil liability.

Coverage for claims of liability against Executive and corporate o ffi cers.

Corporate officers’ civil liability (International Program)

Coverage for vehicles under 3.5 metric t (period < 5 years). Vehicles < 5 years old are insured for liability/theft/ fi re/all accident damage. Coverage for vehicles over 3.5 metric t (period > 7 years) and excluding farm tractors. Vehicles > 7 years are insured for civil liability/theft/ fi re.

Automobile fleet

Cover for employees using their personal vehicle for business trips.

Employee vehicle coverage

Individual accident and assistance insurance for employees on business trips (in France and the international market).

Individual accident and assistance insurance (International Program)

Coverage for agricultural equipment loaned or made available. Coverage for testing new agricultural equipment.

Professional multi-risk (tra ffi c risk) Transport insurance (International Program) Credit insurance (International Program)

Comprehensive coverage of merchandise, products and equipment in transport by any mode throughout the world (except excluded countries). Credit risk coverage on the receivables of the Group’s companies resulting from the delivery of merchandise and the provision of services or work.

EXEL Industries group I 2020 Universal Registration Document

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