These covers are available to the majority of small office and home based risks where annual fee income does not exceed £250,000.
Our research shows that many small firms do not hold Public.Liability Insurance, either because they are unaware of the need for it or mistakenly believe that their household insurance will protect them. Additionally, most professional bodies do not require Public Liability Insurance even though the financial ramifications following, for example, an accidental fire or personal injury could be huge.
However for a modest additional premium, our policy, which provides cover for a Limit of Indemnity of £2m for any one claim, provides the policyholder with peace of mind, safe in the knowledge that should they accidentally cause injury to a third party or damage to their property, insurance is in place to protect them against any financial ramifications of their actions.
We can also include Employers’ Liability Insurance. With only limited exceptions, all employers are required to effect Employers Liability Insurance in respect of accidents, illnesses or diseases contracted by their employees in the course of their work. To fail to do so is a criminal offence. However, such cover is often difficult to obtain and prohibitatively expensive.
Our cover complies fully with the Employers’ Liability (Compulsory Insurance) Regulations 1998, providing a Limit of Indemnity of £10m (albeit limited to £5m in respect of claims arising from Terrorism). Again, a modest additional premium is all that is required to purchase this cover and to ensure that legal obligations are met.
Cover for both Public and Employers’ Liability is provided on a conventional ‘Claims Occurrence’ basis, meaning that the damage, loss, injury or disease giving rise to the claim must have been caused/sustained during the period of insurance, even if the claim itself is received by the Insurer after that period has elapsed.
We are unable to offer quotations for either Public or Employers’ Liability Insurance in isolation, i.e. without Professional Indemnity Insurance. However, subject to this, premiums will be quoted automatically for both of these covers where we are able to offer terms, but a short supplementary Liability Proposal Form will need to be completed where our quotation is accepted and cover required.
As with our Professional Indemnity policies, our security is provided by Royal & Sun Alliance Insurance plc.
To download a Proposal Form or specimen Policy Wording, please click on the relevant link below: |
Liability Wording
Saturn