LEGRAND_REGISTRATION_DOCUMENT_2017
INTERNAL CONTROL AND RISK MANAGEMENT
Insurance policies and risk coverage
3.7.1 – Civil liability
The global, integrated “civil liability program” covers possible claims arising from the Group’s liability for physical injury, material damage and consequential loss arising during
production or after product delivery, as well as damages arising from accidental pollution. More specifically, it covers the costs of removal/reinstallation, product withdrawals or recalls.
3.7.2 – Property damage and operating loss insurance
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In addition to this insurance program, and as mentioned in section 3.6.2.4 of this Registration Document, Legrand has an active industrial and logistics risk prevention policy, and intends to continue risk awareness and prevention campaigns in its operating entities.
Subject to the usual excesses, exclusions and limits, the Group’s accident and operating loss insurance program covers direct damage property arising from any unexpected and accidental event (such as fire, storm, explosion, electrical damage, water damage, etc.) affecting the insured property, as well as the consequential operating losses.
3.7.3 – Other cross-sector risks insured
The Group’s other main insurance programs cover the following risks: D&O (Directors’ and Officers’) liability, employer liability, credit insurance, and attacks on its IT systems and data.
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REGISTRATION DOCUMENT 2017 - LEGRAND
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