---
title: "General Condition to Commercial Insurance Policies: Climate Change Risk Assessment"
date: 2024-03-27T14:16:43Z
modified: 2025-07-23T11:19:28Z
permalink: "https://chancerylaneproject.org/clauses/general-condition-to-commercial-insurance-policies-climate-change-risk-assessment/"
type: clause
status: publish
excerpt: ""
wpid: 2117
jurisdiction:
  - England & Wales
maintenance-status:
  - Not maintained
practice-area:
  - Corporate, mergers and acquisitions (M&A)
  - Insurance
clause_child_name: "Kitty's Clause"
clause_summary: "<p>A clause requiring companies to carry out a climate change risk assessment, to be inserted into the General Conditions of corporate insurance policies across all lines of business.</p>"
clause_last_updated_date: 2021-09-30
related_clauses: false
---

## Child’s name

Kitty’s Clause

## Summary

A clause requiring companies to carry out a climate change risk assessment, to be inserted into the General Conditions of corporate insurance policies across all lines of business.

## What this clause does

This clause prompts corporate policyholders and insurers to assess the climate-related risks posed to a policyholder’s business. In doing so, it brings climate-related risks to businesses to the fore for corporate policyholders and their insurers which in turn builds sector familiarity (in identifying and managing climate-related risks), refines market understanding and influences market behavioural norms in relation to managing and mitigating climate-related risks.

## Clause Content

**General Conditions to the Policy**

**Climate Change Risk Assessments**

**You** will nominate and instruct an appropriately qualified Climate Professional to carry out a climate change risk assessment using the form\* provided to **You** by **Us** within six (6) months of the inception of cover under this **Policy**\[, using reasonable endeavours to complete the form accurately and completely in good faith\]. \[**You** will present the climate change risk assessment to **Your** Board of Directors for review.\]

_\* \[Drafting note: Pro forma depends on estimated turnover of insured i.e. basic process for a small or medium enterprise (SME) graduating up to an assessment in line with_ [_TCFD guidance_](https://www.tcfdhub.org/) _for larger companies (bands to be confirmed)._

## Topics

**Jurisdictions:** [England & Wales](https://chancerylaneproject.org/wp-content/uploads/wp-mfa-exports/taxonomy/jurisdiction/england-wales.md)

**Maintenance status:** [Not maintained](https://chancerylaneproject.org/wp-content/uploads/wp-mfa-exports/taxonomy/maintenance-status/not-maintained.md)

**Practice Areas:** [Corporate, mergers and acquisitions (M&A)](https://chancerylaneproject.org/wp-content/uploads/wp-mfa-exports/taxonomy/practice-area/corporate-mergers-and-acquisitions-ma.md), [Insurance](https://chancerylaneproject.org/wp-content/uploads/wp-mfa-exports/taxonomy/practice-area/insurance.md)