This policy indemnifies the Insured in respect of his legal liability to pay compensation for :

• bodily injury (including illness) to any person; and/or

• loss of or damage to property belonging to third party

as a result of the negligence of the insured or his employees or by any defect in the premises.

In addition, the policy pays for the costs and expenses incurred by the Insured with the Company’s written consent as well as costs and expenses recovered by the claimant.