1. Purpose
This statement outlines Murzo Group’s approach to insurance coverage and liability management.
Its purpose is to clarify the scope and limitations of Murzo Group’s insurance arrangements, manage expectations regarding financial responsibility and risk, reinforce contractual limitation-of-liability provisions, and support transparent engagement with clients, partners, insurers, and regulators.
This statement should be read alongside Murzo Group’s Terms & Conditions and other governance policies.
2. Insurance Coverage Overview
Murzo Group maintains insurance coverage appropriate to its business activities, risk profile, and legal obligations.
Coverage may include, where appropriate:
- Professional indemnity
- Public and employer’s liability
- Cyber and technology-related risks
- Property, equipment, and asset coverage
The existence of insurance does not imply unlimited or comprehensive coverage.
3. No Disclosure of Policy Limits
Murzo Group does not publicly disclose:
- Policy limits
- Deductibles or exclusions
- Insurer identities
- Coverage conditions or endorsements
Such details are commercially sensitive and may be disclosed only where legally required or contractually agreed in writing.
4. Limitation of Liability
Insurance coverage does not override or expand Murzo Group’s contractual limitation of liability.
To the fullest extent permitted by law:
- Murzo Group’s liability is limited as set out in its Terms & Conditions or applicable contracts
- Murzo Group is not liable for indirect, consequential, or economic losses
- Murzo Group does not accept liability beyond what is legally required
The existence of insurance does not create additional duties or guarantees.
5. No Guarantee of Compensation
Murzo Group does not guarantee that:
- Any loss will be covered by insurance
- Insurance proceeds will be available in every circumstance
- Insurance will respond to every claim or incident
Coverage is subject to policy terms, conditions, exclusions, and insurer determination.
6. Client & Counterparty Responsibility
Clients, partners, and counterparties are responsible for:
- Maintaining their own appropriate insurance coverage
- Assessing and managing their own risks
- Ensuring that reliance on Murzo Group services is proportionate and lawful
Murzo Group does not act as an insurer or guarantor for third parties.
7. Cyber, Security & Force Majeure Risks
Murzo Group expressly notes that:
- Cyber incidents, ransomware, and advanced threats may exceed insurance coverage
- Force majeure events may not be insurable
- Some losses may fall outside insurable risk
These risks are addressed contractually and operationally, not solely through insurance.
8. Defence, Export & High-Risk Activities
Certain activities may be subject to regulatory restrictions, insurance exclusions, or enhanced risk.
Murzo Group reserves the right to refuse or limit engagements where insurance coverage is unavailable or inadequate, or where risk exposure is disproportionate.
9. No Third-Party Beneficiaries
This statement does not confer rights on third parties, amend or replace contractual terms, or constitute an insurance policy.
Only written contracts govern liability allocation.
10. Changes to Coverage
Murzo Group may amend, replace, or discontinue insurance coverage at any time based on business needs, risk assessments, or market conditions.
Such changes do not affect existing contractual obligations unless expressly agreed.
11. Review & Updates
This statement is reviewed periodically and updated where appropriate.
Updated versions will be published on Murzo Group platforms.
