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The following
list of policies is in alphabetical order and extracted from the main
GLOSSARY.
It is not meant to be definitive, but will serve as a guide for reference
when compiling your insurance portfolio.
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Alarm
Companies
Imagine the system you install doesn't work or the advice you have given
proves to be flawed. Efficacy cover and wrongful advice are available as
separate policies or as an extension to normal liability policies.
Commercial Combined
General term for composite policy covering a selection of risks relevant
to most forms of trade and industry. Select appropriate sections which include
damage to buildings/stock/machinery, liabilities, loss of profits, cash,
computers, goods in transit, legal expenses, glass, machinery Inspection
and breakdown (see "Engineering").
Computer Systems
Loss, damage or breakdown of computers and some related equipment,including
wiring. Extensions include reinstatement of data, consulting engineers fees,
increased cost of working, replacement of software and increased rental
charges.
Employers' Liability
This is a statutory requirement and includes a wide selection of direct
and indirect employees, whether paid or not. Providing an indemnity for
legal liability in respect of bodily injury, death, disease, or illness
sustained by your employees and arising out of their normal course of employment.
Fire Alarms/Extinguishers
Imagine the
system you install doesn't work or the advice you have given proves to be
flawed. Efficacy cover and wrongful advice are available as separate policies
or as an extension to normal liability policies.
Goods In Transit
A variety of policies to cover your goods whilst being carried by contractors
or in your own vehicles. Includes loading and unloading and should include
cover for removal of debris following a claim. Should also include tools
whilst being carried on the vehicle, but may need a separate extension and
will carry restrictions in cover relating to theft. If you are using Hauliers,
check their contract conditions especially the maximum value of goods in
their possession.
Legal Expenses
A VITAL part of any insurance portfolio in the current climate of red tape
and litigation. Usually providing an indemnity of £50,000 for legal and
other expenses incurred as a result of employment disputes, VAT disputes,
Inland Revenue investigations, contract disputes, debt recovery, property
protection and tenancy disputes. Also included is FREE 24 hour legal help
line.
Product Liability
Providing an indemnity for legal liability arising from products sold or
supplied or services given or work undertaken in the course of your business.
Frequently automatically included on small package policies for retailers,
hoteliers, small builders and the like.
Public Liability
Providing an indemnity in respect of the legal liability arising in connection
with your business to pay damages as a result of death disease or bodily
injury or loss or damage to property of members of the Public (excluding
employees).
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You
can use this page for reference when finding the local
intermediary best suited to advising you on your insurance
needs.
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This
site only applies to insurance governed by U.K laws and regulations.
© specialperils Ltd. 2005
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