Hubbell Policies

PROPERTY PROTECTION POLICY

English

Owner : Vice President, Corporate Treasurer

Last Review: 2014.09.29

FIN – 39

Department: Treasury – Risk Management

POLICY Policy to establish uniform standards for the protection of Hubbell’s property and facilities from fire and other perils. The standard for Critical Facilities, is to be a Highly Protected Risk (“HPR”). See below for definitions.

SCOPE

This policy shall apply to all Hubbell US and International operations.

PURPOSE

Hubbell is committed to protecting property and market share against loss by fire and other perils by maintaining its’ Critical Facilities to the highest level of protection known as Highly Protected Risk (“HPR”) and to evaluate Non Critical Facilities to ensure their compliance with basic property loss control requirements as determined by Hubbell’s Director, Risk Management.

PROCEDURE

Procedure to establish uniform standards for the protection of Hubbell’s property and facilities from fire and other perils. The standard for Critical Facilities, is to be a Highly Protected Risk (“HPR”) both as defined in the policy.

• Platform VP of Finance and the VP and Treasurer shall work with the Director, Risk Management to classify Significant Facilities as Critical or Non- Critical and to establish an agreed upon capital expenditure budget and timeline for all Critical Facilities to achieve HPR status. • In determining whether a Significant Facility is Critical, consideration will be given to the availability of alternative locations that meet HPR standards. In addition, near term plans to close a Facility will be taken into consideration. • The business unit, Plant and or Facility Managers shall monitor progress with respect to the implementation of capital expenditure projects designed for facilities to achieve HPR status. • The Director, Risk Management will oversee the implementation of this Procedure and determine with the assistance of Hubbell’s insurance carrier, whether a Facility has achieved HPR status.

ADMINISTRATION Roles and Responsibilities.

1. Platform VP of Finance, VP and Treasurer, Director, Risk Management shall work together to classify the Significant Facilities as Critical or Non-Critical annually or as necessary when Hubbell acquires new Facilities. 2. Business unit, Plant or Facility Managers will obtain project quotes, process AFE’s and report monthly on the progress. 3. Director, Risk Management will coordinate the classification of the facilities and work with the business unit, plant for facility manager to facilitate the completion of the project that will bring the facility into HPR

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