2007 Reference document (PDF) - Valeo

5 Information
PAGE 180
on the Company and its capital
General information about the issuer
5. Governmental, legal and arbitration proceedings
To the best of Valeo’s knowledge, during the past twelve months
there were no governmental, legal or arbitration proceedings,
including proceedings in process, pending or expected, that may
6. Insurance and risk coverage
The Group’s insurance strategy is strongly rooted in risk prevention
and protection, and is aimed at covering the major risks to which
it is exposed. The Group self-insures recurring risks with a view to
optimizing insurance costs.
All Group companies have taken out insurance policies with first-rate
insurance companies for all major risks which could have a material
impact on their business, results, or assets and liabilities.
The table below provides details of the coverage limits by type of risk:
2007 Reference document - VALEO
have, or have had in the recent past, a significant impact on the
financial position or profitability of the Company or the Group.
The risks covered include property damage, business interruption,
merchandise and equipment transportation, third party liability,
and occupational illnesses and accidents.
Type of insurance Coverage limit (in euros)
Property damage/business interruption 1 billion
General liability and product and environmental liability 200 million
Merchandise and equipment transportation 7.5 million
Directors’ and Officers’ liability 120 million
Employee-related liability claims 50 million
Property damage cover is based on replacement value and business interruption cover on the margin lost over one year.
In 2007, insurance premiums paid out by the Group in connection with its insurance coverage totaled 13.6 million euros.
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