Professional insured select Policy Summary

Transcription

1 Professional insured select Policy Summary

2 2 Professional Insured Select Policy Summary Professional insured select Policy Summary Your Professional insured select policy is an annually renewable insurance, underwritten by royal & sun alliance insurance plc. the information below provides a summary of the cover provided. for full terms and conditions of the cover, please refer to the policy document a copy of which is available on request. This policy includes the following covers as standard: Property Damage Employers Liability Public/Products Liability Money You may also add further covers to suit your needs. Full details of what you have chosen will be shown in your Quotation Letter and Policy Schedule. The following tables provide a summary of the main policy features and benelts and any signilcant exclusions and limitations. For full policy details and our full terms and conditions please read your Policy Wording, which will be provided on completion of your contract, or at any time on request. other important information The Other Important Information section of this Policy Summary explains the following: Law and language applicable to the policy Our complaints procedure

3 Professional Insured Select Policy Summary 3 table 1 standard cover The following will automatically be included in your policy according to the cover you have selected: Property damage insurance You may choose to protect your business equipment (General Contents) against the following standard Covers: standard covers: Loss or Damage caused by: Fire, Lightning, Explosion, Aircraft, Earthquake. Riot, Civil Commotion, Malicious Damage. Storm, Flood, Escape of Water. Impact. Theft, not limited to theft involving forcible and violent entry or exit. Accidental Damage. Subsidence. Sprinkler Leakage. Accidental Breakage of Fixed Glass. inflation Protection (Day One Basis of Cover) Provides an automatic 15% increase in the value you declare for insurance during the policy period. Some specilc causes of damage may be excluded. Please see your Policy Wording/Schedule for details. Some specilc property may be excluded. Please see your Policy Wording/Schedule for details. The amount you must pay in the event of a claim is 1,000 for Subsidence and 250 for all other covers. However, these can be higher, subject to the terms of your policy. Excludes damage to data. Terrorism is excluded. Civil Commotion in Northern Ireland is excluded. Sprinkler, alarm and security conditions apply Please see your Policy Wording/Schedule for details. The value you declare must be suflcient to reinstate the property as at the start of the policy period. If the value you declare is less than the full amount which the property should be insured for, your claim may be reduced. Property Damage reinstatement Cover is on a reinstatement as new basis. Excludes betterment.

4 4 Professional Insured Select Policy Summary General contents The following will automatically be included in your policy: Cover for oflce machinery equipment and contents at the premises speciled in the Schedule. Please see exclusions to Standard Covers in your Policy Wording/Schedule. Computer equipment. The limit for deeds and documents, transparencies and speciled equipment (if appropriate) will be the Sums Insured shown in your Policy Schedule. Property Damage Cover may be extended for Speciled Equipment to Anywhere in the World. Security restrictions apply to theft from unattended vehicles. Laptops or other computers. The Sum Insured is speciled in your Policy Schedule. Property removed from the Premises The following cover will automatically be included in your policy: Cover applies to property while temporarily away from the premises anywhere in Europe. Security restrictions apply to theft from unattended vehicles. Limit of liability for deeds, documents and transparencies is 1,000 for any one package. Limits for other property is 15% of the relative Sum Insured, subject to a maximum of 250,000. Property Damage liability insurance The following cover will automatically be included in your policy: standard covers: Employers Liability. Public Liability. Products Liability. Legal Defence costs in defending proceedings arising from a breach of the Health and Safety at Work Act 1974, the Health and Safety at Work (Northern Ireland) Order 1978 or Part II of the Consumer Protection Act 1987 where there has been no actual injury or damage. Limit of Indemnity for Employers Liability is 10,000,000 (with an inner limit of 5,000,000 for terrorism). Public Liability, Products Liability and Legal Defence Costs limits are shown in your Policy Schedule. Cover excludes any Public or Products Liability arising out of any breach of professional duty. Cover excludes any legal liability in respect of damage to data. Some other specilc events may be excluded, or cover may be qualiled. Please see your Policy Wording/Schedule for details. Liability

5 Professional Insured Select Policy Summary 5 Money insurance The following will automatically be included in your policy: standard covers: Money in transit, on premises during business hours or in a bank night safe. Money kept in a locked safe or strong room in the oflce outside business hours. Money in your home not in a safe, when occupied by an adult. Crossed cheques, crossed money orders and crossed postal orders. Any other money at your premises not in a locked safe outside of business hours. Airline Tickets. Limits are as shown in your Policy Schedule. Limits are as shown in your Policy Schedule , Limits are as shown in your Policy Schedule. Some specilc causes of loss may be excluded. Please see your Policy Wording/Schedule for details. Damage to data is excluded. Riot and Civil Commotion in Northern Ireland is excluded. Security Conditions apply - Please see your Policy Wording for details. The amount you must pay in the event of a claim is 50. However, this can be higher, subject to the terms of your policy. Money Personal injury (robbery) Covers you or any director, partners or employee sustaining bodily injury during a robbery. The benelts shown below are per unit of cover. Death Benelt 5,000. Loss of one or more limbs or eyes 5,000. Permanent Total Disablement from gainful employment of any and every kind 5,000. Temporary Total Disablement from usual occupation 50 per week. Medical Expenses necessarily incurred. Please see your Policy Wording/Schedule for specilc interpretations of these benelts. The number of units are as shown in the Policy Schedule. The number of units are as shown in the Policy Schedule. The number of units are as shown in the Policy Schedule. Payable up to 104 weeks. The number of units are as shown in the Policy Schedule. Limited to a maximum of 15% of the Temporary Total Disablement benelt. Please note Excludes pre-existing physical or mental conditions known to you or your director partner or employee. The benelts are not payable to persons below the age of 16 or above the age of 80. Money

6 6 Professional Insured Select Policy Summary table 1a optional covers You may choose to add the following covers to your Professional Insured Select Policy: Property damage insurance Buildings - If you have selected Buildings the following will automatically be included in your policy: cover for: Buildings. Landlords lxtures and lttings. Small outside buildings. Walls gates, fences and services. Loss or Damage caused by: Fire, Lightning, Explosion, Aircraft, Earthquake. Riot, Civil Commotion, Malicious Damage. Storm, Flood, Escape of Water. Impact. Theft, not limited to theft involving forcible and violent entry or exit. Accidental Damage. Subsidence. Sprinkler Leakage. Accidental Breakage of Glass. Some specilc causes of damage may be excluded. Please see your Policy Wording/Schedule for details. Some specilc property may be excluded. Please see your Policy Wording/Schedule for details. The amount you must pay in the event of a claim is 1,000 for Subsidence and 350 for all other covers. However, these can be higher, subject to the terms of your policy. Property Damage inflation Protection (Day One Basis of Cover) Provides an automatic 15% increase in the value you declare for insurance during the policy period. If the value you declare is less than the full amount which the property should be insured for, your claim may be reduced. reinstatement Cover is on a reinstatement as new basis. Excludes betterment.

7 Professional Insured Select Policy Summary 7 Property damage insurance Rent - If you have selected Rent the following will automatically be included in your policy: cover for: Loss of rent receivable or Rent payable by you resulting from damage to the insured Buildings by the Standard Covers during the period of rent insured. Please see exclusions to Standard Covers in your Policy Wording/Schedule. Property Damage The Standard Covers are those covers listed under Property Damage Insurance - Buildings. The period of rent insured is the period chosen by you which starts when the loss or damage occurs and ends when you cease to be affected by it. If the Sum Insured selected is less than the full insurable amount your claim may be reduced. Please see your Policy Schedule for selected period of rent insured.

8 8 Professional Insured Select Policy Summary Business interruption insurance You may choose to protect your business from the affect of damage to the property insured caused by the Standard Covers listed in the Property Damage Section. covers you for: loss of Gross revenue occurring during the Indemnity Period as a consequence of interruption to the business caused by a Standard Cover. or Some specilc causes of damage may be excluded. Please see your Policy Wording/Schedule for details. Some specilc events are excluded. Please see your Policy Wording/Schedule for details. Business Interruption additional cost of Working occurring during the Indemnity Period as a consequence of interruption to the business caused by a Standard cover. The Indemnity Period is chosen by you. It starts when the loss or damage occurs and ends when the business trading position ceases to be affected by the interruption. the Maximum indemnity Period is selected by you as the maximum possible period of interruption. The period selected is shown on your Policy Schedule. Excludes losses arising out of damage to computer equipment (cover is provided under the Computer Section). Damage to data is excluded. Terrorism. Civil Commotion in Northern Ireland If the Sum Insured does not represent the full insurable amount your claim may be reduced. Cover extends to include loss resulting from: Notilable disease, food or alcohol poisoning, defective sanitation, murder, suicide, vermin and pests. Prevention/Denial of Access to the business premises due to damage to adjacent premises covered by the Standard Covers. Failure of Public Utilities. Damage caused by the Standard Covers at storage premises or while property is temporarily removed from your own premises within Great Britain, Northern Ireland, The Isle of Man or the Channel Islands. Limits apply to the amounts payable - Please refer to your Policy Wording. Business Interruption outstanding debit Balances (also known as Book debts) We will pay any outstanding debts that you are unable to trace following damage caused by a Standard Cover. The standard limit is 50,000, however, an increased limit is available on request. Business Interruption

9 Professional Insured Select Policy Summary 9 computer insurance and computer Business interruption insurance You may choose to protect your computer and ancillary equipment (including laptops) in addition to related losses of revenue or additional costs of working. Cover includes the Standard Covers (detailed in the Property Damage Section) plus mechanical or electrical breakdown. Covers apply Anywhere in the World. inflation Protection (Day One Basis of Cover) Provides an automatic 15% increase in the material value you declare for insurance during the policy period. Reinstatement Cover for loss or damage to material property is on an as new basis. Cover is automatically arranged for reinstatement of computer systems records for a minimum of 10,000. Mechanical or electrical breakdown cover is limited to cover for items subject to a guarantee or maintenance agreement. Cover does not include loss or damage to computer data, or information arising from viruses, hacking, denial of service attacks, malicious damage, accidental damage or omission. Civil Commotion in Northern Ireland is excluded. Some other specilc causes of damage may be excluded. Please see your Policy Wording/ Schedule. Some specilc property may be excluded. Please see your Policy Wording/Schedule. Security restrictions apply to theft from unattended vehicles. The amount you must pay in the event of a claim is 1,000 for Subsidence and 250 for all other covers. However, these can be higher, subject to the terms of your policy. Terrorism is excluded. Sprinkler, alarm and security conditions apply Please see your Policy Wording/Schedule for details. Computer Equipment Cover is automatically arranged on Additional Cost of Working for a minimum of 25,000. Increased sums insured can be arranged. Loss of Gross revenue cover is also available under the contract. There is no option to vary the Sum Insured from that selected under the Business Interruption Section. Computer Equipment

10 10 Professional Insured Select Policy Summary Personal accident insurance Covers you, partners and directors or all other employees, subject to an age limit of 16 to 80. covers you for: Accidents occurring during the selected Operative Time - Either 24 hour or Occupational Accidents Only or Occupational Accidents plus Commuting Risks. the following benefits are for 1 unit of cover (available per person). Death 10,000. Loss of one or more limbs or eyes 10,000. Permanent Total Disablement from gainful employment of any and every kind 10,000. Temporary Total Disablement from usual occupation 50 per week. Temporary Partial Disablement from a substantial part of usual occupation 20 per week. Medical Expenses 2,500. legal expenses insurance Cover is provided for the costs incurred in pursuing or defending the legal rights of the business in relation to statutory employment and taxation legislation, contract disputes and in pursuit of common law actions against third parties for nuisance or property damage. Cover applies during the Operative Time shown in your Policy Schedule. Cover is limited to a maximum of 5 units of cover (per person). Payable up to 104 weeks. Payable up to 104 weeks. 2,500 is the maximum payable (per person) regardless of number of units. Your Policy contains specilc interpretations of these benelts. Some specilc events and activities are excluded. Please see your Policy Wording/Schedule. Limits apply to all losses arising out of the same incident - see your Policy Wording for details. 100,000 any one event. Any restrictions to this amount are detailed in your Policy Wording, for example, for taxation proceedings 25,000. 1,000,000 in any one period of insurance. The minimum amount in dispute for contract disputes is 1,000. Some specilc events are excluded. Please see your Policy Wording/Schedule. Personal Accident Legal Expenses

11 Professional Insured Select Policy Summary 11 fidelity insurance Cover is provided for loss of money or goods caused by fraud or dishonesty of an employee. Minimum Standards of Control form part of the Policy Wording. The Limit of Indemnity any one claim is either 50,000 or 100,000 as shown in your Policy Schedule. The Aggregate limit for all claims is also shown in your Policy Schedule. Damage to data is excluded. Some specilc events and causes of loss are excluded. Please see your Policy Wording/ Schedule. Fidelity terrorism cover Cover is provided arising from acts of Terrorism in Great Britain only excluding Northern Ireland. Terrorism cover cannot be purchased selectively. If you require Terrorism cover it must apply to all your insured property. Cover will be limited to the Sums Insured that you have selected. Some specilc causes of loss are excluded - Please see your Policy Wording for details. Terrorism

12 12 Professional Insured Select Policy Summary table 2 General conditions and exclusions The following apply to your policy as a whole regardless of the specilc cover you have selected. For full details of these and other exclusions and limits please read your Policy Wording/ Schedule: General conditions and exclusions If there are any changes to your business, the premises, the property therein or any other circumstances whereby the risk is increased you must inform us immediately. Failure to do so could invalidate the policy or result in a claim being rejected. Policy section All excesses and limits Any excesses applicable to your policy are detailed in your Policy Wording. These amounts must be paid in the event of each and every claim. Limits may apply to your policy, please refer to your Policy Schedule for details. Policy section All

13 Professional Insured Select Policy Summary 13 other important information law applicable to the Policy Both you and we may choose the law which applies to this contract. However, unless you and we agree otherwise, the law which applies is the law applicable in the part of the United Kingdom, Channel Islands or the Isle of Man in which you are based. Full details will be provided in your policy documentation. financial or trade sanctions Royal & Sun Alliance Insurance plc is unable to provide insurance in circumstances where to do so would be in breach of any lnancial or trade sanctions imposed by the United Nations or any government, governmental or judicial body or regulatory agency. Full details will be provided in your policy documentation. complaints If you believe that we have not delivered the service you expected, we want to hear from you so that we can try to put things right. If you have cause for complaint you should initially contact the person who arranged the policy for you or the manager of RSA at the address shown on your quotation or schedule, as appropriate. In the unlikely event that they are unable to resolve your concerns, your complaint will be referred to our Customer Relations Team who will arrange for an investigation on behalf of our Chief Executive. RSA Customer Relations Team P O Box 2075 Livingston EH54 0EP compensation Royal & Sun Alliance Insurance plc is a member of the Financial Services Compensation Scheme (FSCS). This provides compensation in case any member goes out of business or into liquidation and is unable to meet any valid claims against its policies. You may be entitled to compensation if we cannot meet our obligations, depending on the circumstances of the claim. Further information about the compensation scheme can be obtained from the FSCS.

14 Royal & Sun Alliance Insurance plc (No ). Registered in England and Wales at St Mark s Court, Chart Way, Horsham, West Sussex, RH12 1XL. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. UKC02226C October 2013