This policy shall indemnify the Insured and any Directors or Executives of the Insured in respect of their private duties :
Provided that :
- Such Director and/or Executive is not entitled to indemnity under any other Policy or policies.
- The extension by this endorsement shall not apply to or include liability in respect of injury to any person under a contract of service or apprenticeship with the Director and Executive where the injury arise out of and in the course of such person’s employment or service with the Director and/or Executive.
- h Director and/or Executive shall as though he were the Insured observe fulfill and be subject to the terms, exceptions, limits and conditions of this policy so far as they can apply.
- The extension by this endorsement shall not operate to increase the company’s liability as set forth in the schedule under the heading of limit of indemnity beyond the amount or amounts for which the company would be liable if the policy were not so extended.
Subject otherwise to the terms, exceptions and conditions of the Policy.