Cover Variation - Management Liability Cover SectionPlease note the Management Liability Cover Section is issued on a CLAIMS MADE basis. This means that this policy responds to:• claims made against you during the policy period and notified us during that policy period, providing that you were not aware at any time prior to the policy inception of circumstances which would have put a reasonable person in your position on notice that a claim may be made against you; and• pursuant to Section 40 sub-section 3 of the Insurance Contract Act 1984, the policy will also apply to events of which you first became aware during the policy period which could give rise to a future claim, provided that you notify us during that policy period of the circumstances of such events.