Summary of Cover - Tradesman & Contractor Policy

This page provides a summary of the cover provided by the Tradesman & Contractor insurance policy. This summary is provided to you for information purposes only and does not form part of your insurance contract. It does not fully describe all of the terms and conditions of your policy which can be found in the policy document, a copy of which is available to download on our website.

The Tradesman & Contractor policy has been designed to meet the demands and needs of individuals and small business operating without their own business premises and wish to insure against some of the risks which may be encountered running their business. The core cover is business liability to third parties and, where appropriate, employees, but you may also select cover for material damage cover to tools and business equipment; contract works and plant; personal accident and legal expenses.

You should read this Summary of Cover in conjunction with your Policy Schedule and Policy Wording.

Normally you will have to pay a contribution in respect of each claim (this is known as the excess). These excesses will vary according to the cover selected or our assessment of your risk. Your policy schedule will show the specific excesses applicable to your cover. The correct number of persons insured must be advised to us otherwise any claim made may be invalid. If the sums insured you request are not adequate this may result in the amount that your Insurers pay to you in the event of a claim being reduced.

Your cover will be valid for 12 months and will be renewable annually.

About Your Cover

Features and Benefits; Section 1: Public Liability

The following will automatically be included

Public Liability

Legal Costs and Expenses

Wrongful Arrest

Cross Liabilities

Legal Liability incurred under the Defective Premises Act 1972

Contingent Motor Liability

Indemnity for Principals

Legal costs in respect of prosecutions under the Health and Safety at Work etc Act 1974 and the Consumer Protection Act 1987

Payment for Court Attendance

Overseas Personal Liability

Corporate Manslaughter and Corporate Homicide

Your Insurer may extend cover

Temporary Employees

Significant Exclusions or Limitations

Liability arising out of injury to any employee, partner or proprietor

Liability assumed under Clause 6.5.1 of the JCT Conditions of Contract or any subsequent amendment or similar terms under any Conditions of Contract

Liability incurred whilst being on, working on or travelling to or from any Offshore location

Liability arising directly or indirectly from exposure to, inhalation of, fears of the consequences of exposure to/inhalation of, costs incurred in repairing, removing, replacing, recalling, rectifying, reinstating, or managing any property arising out of the presence of asbestos

The cost of fines, penalties or punitive damages

Liability arising directly or indirectly from gradual pollution or contamination

Injury or Damage to property caused by or in connection with anything knowingly sold or supplied into USA or Canada

Any products supplied which could affect the safety or operation of nuclear installations or are installed or incorporated into craft for travel through air or space

Features and Benefits; Section 2: Employers Liability

The following will automatically be included

Employers Liability £10m

Legal Costs and Expenses

Payment for Court Attendance

Unsatisfied Court Judgements

Indemnity for Principals

Corporate Manslaughter and Corporate Homicide

Significant Exclusions or Limitations

Liability incurred whilst being on, working on or travelling to or from any Offshore location

Liability for which compulsory motor insurance is required

Any fines and penalties or costs and expenses insured by any other policy in respect of prosecutions under the Health and Safety at Work etc Act 1974

Liability arising out of work on, in or in connection with defined hazardous trades and locations

Your Insurer may extend cover to include:

Injury to Working Partners or Proprietors

Temporary Employees

Section 3 Tools and Business Equipment (OPTIONAL)

If you have selected this option your needs are those of a Tradesman or Contractor that has tools and business equipment and requires cover against to that equipment against loss or damage.

Your tools and business equipment are insured on an “All Risks” basis (subject to full exclusions) anywhere in Great Britain the Channel Islands or the Isle of Man and for up to 21 consecutive days elsewhere in the world

Cover is automatically extended to include:

Automatic Reinstatement of Sums Insured

Stock and business materials within business equipment

Indirect loss of any kind

Unexplained disappearance or inventory shortage

Theft or attempted theft from any unattended open or soft topped vehicle, from any unattended vehicle unless all doors and windows and other points of access have been closed and locked and any security devices correctly set to operate and all keys to doors ignition and other services removed from any unattended vehicle between the hours of 9.00pm and 6.00am unless such vehicle is in a securely locked building or guarded security park

While left unattended on any site or premises where you or your employees are carrying out work elsewhere unless stored in a securely locked room or building

Theft by any Insured Person or any other Employee

Section 4 Contract Works, Own and Hired in Plant

(OPTIONAL)

If you have selected this option your needs are those of a Tradesman or Contractor that who is responsible for the materials and works during the course of the contract and/or owns or hires in plant and requires cover against to that equipment against loss or damage.

Damage to property insured which will be reinstated, repaired or payment made

The following will automatically be included

Architects, Surveyors, Legal and Consulting Engineers Fees

Debris Removal

Indirect loss or damage of any kind

Pollution or contamination other than of or to the property insured

Damage to any of the permanent works for which a certificate of completion has been issued or which has been handed over to your employers or principal or taken into use unless damage

European Community and Public Authorities

Free Issue Materials

Indemnity to Principals

Re-drawing Plans and Documents

Continuing Hire Charges up to £5,000(when Hired in Plant insured)

Cover is automatically extended to include:

Automatic Reinstatement of Sum Insured occurs during a maintenance period or during first 14 days of issue of completion certificate (only to extent you are responsible)

Damage to existing structures

Damage to works installed or erected if due to defect or unsuitability

The cost of remedying any defect in works or any reduction in value due to defects

Any fines or penalties

Any amount in excess of the sum insured shown in the schedule

Features and Benefits

Section 5 Personal Accident (OPTIONAL)

If you have selected this option your needs are those of a Tradesman or Contractor that wishes to provide financial compensation to principals, partners, directors, and employees, in the event of injury incurred during their work.

Compensation can be paid to an insured person who suffers death or bodily injury based on the Table of Compensation The maximum amount payable for any insured person is the amount below multiplied by the number of units selected.

Death, permanent and total loss of use of one or more limbs, loss of sight in one or more eyes, permanent total disablement from the usual occupation £5,000

Temporary Total Disablement from engaging in the usual occupation for a maximum of 104 weeks at the rate per week of £50 (Payable Monthly)

Incurred Medical Expenses £500 (maximum payment in total)

Access to all the DAS helpline facilities: Business Legal Advice, Eurolaw Commercial Legal Advice, Tax Advice, Counselling, The Employment Manual and DAS Businesslaw is complimentary.

Section 6 Commercial Legal Expenses (OPTIONAL)

If you have selected this option your needs are those of a Tradesman or Contractor that wishes to insure the legal costs in pursuing or defending a claim. Including:

Employment Disputes & Employment Compensation

Awards

Legal Defence

Contract Disputes

Property Protection

Bodily Injury

Debt Recovery

Tax Protection

Your Insurers

Significant Exclusions or Limitations

Any person who at the time of death or bodily injury is under 16 or over 70 years of age

Any death or bodily injury arising from or influenced by any existing physical defect or infirmity

Personal Injury claims are excluded

Loss or damage to property is excluded

Total awards payable shall not exceed £1,000,000 in any one period of insurance

Motoring prosecutions are excluded

The amount in dispute must be more than £250.

Your Insurers will be shown on your Quotation and Policy Schedules.

Cancellation Procedures

This policy may be cancelled:

By the insurer sending 21 days written notice to your last known address

By the insured giving written instruction to your insurance adviser or to us

If the policy is cancelled you may be entitled to a return of premium provided that there have been no claims or incidents likely to give rise to a claim. If you cancel the policy within the first 14 days, and there have been no claims or incidents likely to give rise to a claim, we will refund the premium in full. Where you pay by the iprism instalment plan please refer to the terms and conditions of your Credit Agreement. If you cancel your policy you will be required to return to us any effective Certificates of Employers Liability insurance. A full explanation of your cancellation rights can be found in your policy booklet within the General Conditions section.

Making A Claim

A full explanation of our claims procedures can be found in your policy booklet within the Claims Conditions section.

Complaints Procedure

We hope that you are extremely happy with your Tradesman & Contractor insurance policy but we do recognise that on occasions things can go wrong. If this is the case, we want to know about it as soon as possible so that we can put things right and make sure it doesn't happen again. Initially, contact your usual insurance adviser in writing to outline your concerns and ask them to review the situation. If you are not satisfied with their response, then contact-

Customer Services Manager, iprism Underwriting Agency Limited,5th Floor, 100 Fenchurch Street, London, EC3M 5JD

What To Do If You Are Still Not Satisfied

If you are still not satisfied then you can ask for your case to be reviewed by the Financial Ombudsmen Service.

Financial Ombudsman Service (FOS) South Quay Plaza, 183 Marsh Wall, LONDON E14 9SR

Telephone: 0845 0801800

E-mail: enquiries@financial-ombudsman.org.uk

Web: www.financial.ombudsman.org.uk

Referral to the Financial Ombudsman Service will not affect your right to take legal action against us.

Financial Services Compensation Scheme

iprism and Your Insurers are covered by the Financial Services Compensation Scheme (FSCS) This means that You may be entitled to compensation from the scheme if We cannot meet Our obligations This depends upon the type of business and the circumstances of the claim.

Further information about the scheme is available from the FSCS website www.fscs.org.uk, or write to Financial Services Compensation Scheme, 7th floor Lloyds Chambers, Portsoken Street, London E1 8BN

Law and Jurisdiction

This contract shall be subject to English law (or Scottish law when your address shown on the Schedule is in Scotland) and the Courts of England (or Scotland when this contract is subject to Scottish law) shall have exclusive jurisdiction in all disputes connected with this policy. If there is any dispute as to which law and jurisdiction apply it will be English law and the Courts of England