Book Debts
Also known as "Accounts Receivable". Less common as an individual policy as usually either included in or as an extension to Loss of Profits cover. After you have invoiced your clients, but before payment is received you may "lose" your records as a result of an insured event such as fire or theft. You may have duplicate records, but if not, the insurance may compensate you for your losses up to the sum stated on the policy.

Computer Systems
Loss, damage or breakdown of computers and some related equipment, including wiring. Extensions include reinstatement of data, consulting engineer's 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.

Engineering Inspection
Amongst the many items of legislation about the work place are the "Provision and Use of Work Equipment Regulations 1998" and "The Lifting Operations and Lifting Equipment Regulations 1998" The considerable numbers of items encompassed by these regulations require inspection/examination by a "competent person" every 6 or 12 months, depending on the item. But legislative requirements are not exclusive to these two recent examples and specialist Insurance Companies are able to provide inspection and examination services.

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.

Motor Trade or Garage Combined
Commercial combined policy with many optional sections to include cover for buildings/plant & machinery/ general stock/ customers' cars/ sales cars/fuel in tanks/ petrol pumps and forecourt fittings/ cash/glass/loss of profits/goods in transit/employers' liability/public liability including defective workmanship/engineering inspection for pressure vessels and lifting gear/legal expenses/road risks.

Motor Trade Liability, Product Liability
A single policy to cover employers', product and public liability risks as required. Suits small businesses such as vehicle collection & delivery services, valeters, mobile mechanics and car lots.

MOT Test Certificate Licence cover
provides an insured amount to compensate for loss of profits resulting from the withdrawal or suspension of the MOT test licence. The financial consequences of such an action by The Vehicle Inspectorate could be enough to close dependent businesses down and will certainly leave a large hole in the profit and loss account. Not only would valuable testing income be lost but also the associated repair and servicing work. There is no substitute for vigilance in managing the licence, but this insurance can soften the financial blow if the licence is withdrawn.

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).

Road Risks
Cover for own and customers' vehicle whilst being driven or kept at the place of business. Frequently excludes cover whilst at the private residence of the motor trader. A very limited form of cover which may be extended to include public liability and defective workmanship covers.

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