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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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. |
| 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). |
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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