Employers
& Public Liability
Employers
Liability:
Definition - Legal Liability to pay damages consequent upon bodily injury, illness,
injury or disease sustained by any employees in the course of their employment.
Public
Liability:
Definition - Legal Liability to pay damages consequent upon bodily injury, illness
or disease contracted by any other person or loss of or damage to their property
in the course of business
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We can
offer Premium Quotations for most occupations but prior to continuing, please
read the following rules and conditions carefully :
- No work to be
undertaken outside Great Britain, Northern Ireland, Channel Islands and
the
Isle of Man
- No work to be undertaken in or on aircraft operational areas, nuclear installations,
petro
chemical works, power stations or offshore
- No proposal or renewal has ever been declined, withdrawn or subject to increased
terms
- Payments to temporary employees do not exceed 25% of the Proposers
annual turnover
- Payments to bona fide sub-contractors do not exceed 25%
of the Proposers annual
turnover
- The Proposer has had no more than 2 claims or losses in the last 3 years at
a cost not
exceeding £1,000 in total.
Brochure/Quotation
Request
Quotations normally e-mailed within 2 days
Other
Services
Roadside
Rescue
Homes On The Net
Jobs On The Net
Classic
Car Roadside Rescue
Glossary
of Insurance terms
EMPLOYERS LIABILITY
Employers liability insurance covers your legal liability for bodily injury or
illness to your employees arising out of the course of their employment.
ENDORSEMENTS
Endorsements are exclusions to your policy. These may include exclusion of certain
risks e.g. working over certain heights or with heat or machinery.
EXCESS
This is a minimum an amount you agree to pay in the event of any claim. For example
if your policy excess is £100 and your claim amount is agreed at £300
you will receive £200 in settlement. Compulsory excesses help to minimise
the number of small claims and keep your premiums down. You may have the option
of reducing your premium further by opting for an additional Voluntary excess.
INSURANCE
PREMIUM TAX
This is a tax you pay on most general insurance policies taken
out in the UK. The general rate is currently 5% but may be higher for some types
of insurance. IPT was first introduced on the 1st October 1994
NO
CLAIMS DISCOUNT
You may qualify for a discount on your premiums if you have
been claim free for a number of years.
PROFESSIONAL
INDEMNITY
Professional Indemnity Insurance will protect you against having
to pay damages and legal costs should a claim be made against you.
Claims
can occur where a client suffers a financial loss as a result of alleged mistakes
or omissions on your part. This can cause serious damage to your business and
great financial loss. Mistakes can be costly and your clients have recourse in
law against you for financial loss.
PUBLIC
LIABILITY
Public Liability Insurance covers your legal liability to pay damages
to members of the public (not your employees) in the event of accidental damage
to property or death or injury to individuals arising through your business activities.
THIRD
PARTY
A policy is a legal contract to which you are the first party and the
Insurer is the second party. Any other person with whom you have been involved
in an accident is generally referred to as the Third Party.
