Package Policy - Summary of Cover by etssetcf

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Package Policy - Summary of Cover

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									Package Policy - Summary of Cover

This leaflet provides a summary of our commercial package policy which has been designed
specifically to meet the demands of UK mid market business. Full details of the terms, conditions
and exclusions are contained in the policy document.

Material Damage
 Material Damage                  All Risks cover

                                  Extensions include: -

                                      - Public Authorities
                                      - Professional fees
                                      - Removal of Debris
                                      - Capital additions, including new premises
                                      - Cover for property whilst temporarily removed from the premises
                                        including 10% of the total value of deeds, documents, business
                                        books, manuscripts etc or up to £25,000 whichever is the lesser
                                        figure.
                                      - Contract price
                                      - Contracting purchasers interest


 Business Interruption            Defined perils or All Risks options available

                                  Extensions available for selection Include: -

                                  - Additional increased cost of working
                                  - Restriction of access
                                  - Specified and unspecified suppliers
                                  - Specified and unspecified customers
                                  - Unspecified storage sites
                                  - Public utilities
                                  - Infectious Diseases, Food or Drink Poisoning, Vermin or Pests, Defective
                                    Drains and Murder or Suicide
                                  - Outstanding debit balances


 Important MDBI exclusions,       Including damage due to gradual wear & tear, inherent vice, latent defect,
 conditions or limitations        frost, faulty or defective design, subsidence, heave or landslip due to
                                  changes in the water table, faulty & defective workmanship, collapse or
                                  cracking of buildings not linked to a defined peril, pressure waves caused
                                  by aircraft, bursting of boilers, acts of fraud or dishonesty by the insured,
                                  freezing, escape of water and asbestos material removal.




 All Risks Specified Items        All Risks option available and including cover for photographic equipment,
                                  portable electronic equipment, mobile phones and employee tools.
              Telephone: +44 (0)207 977 8321, Fax: +44 (0)207 977 8300, Email: enquiries@msilm.com
                Registered Office: 2nd Floor, 25 Fenchurch Avenue, London, EC3M 5AD, United Kingdom

    Mitsui Sumitomo Insurance Underwriting at Lloyd’s Limited, Mitsui Sumitomo Insurance (London) Limited and Mitsui
                Sumitomo Insurance Company Limited are all regulated by the Financial Services Authority.
Money and Personal               Variable limit of liability for negotiable money in the Premises during
Accident (Assault)               Business Hours or in transit or in a bank night safe

                                 Variable limit of liability for negotiable money in a locked safe or strong
                                 room at the premises out of Business Hours

                                 £1,000 limit of liability for negotiable money in the Premises out of
                                 Business Hours not in a locked safe or strong room

                                 £1,000 limit of liability for negotiable money in the Proposer’s residence or
                                 that of any director partner or authorised employee of the Proposer

                                 £250,000 limit of liability for non negotiable money

                                 £250 limit of liability per person for damaged clothing and effects

                                 For bodily injury there is a £10,000 limit of liability for death, loss of limb
                                 or sight or permanent total disablement. There is a £100 per week limit of
                                 liability for temporary total disablement.

                                 Value at time of loss for safe strong room stamp franking machines cash
                                 registers or any case bag belt or waistcoat used for the carriage of Money.

Terrorism                        Terrorism cover available for material damage, business interruption and all
                                 risks covers.


Deterioration of Stock           Variable limit of liability for stock damaged due to failure of a deep freeze
                                 or freezer cabinet.

                                 Annual maintenance contract required for freezers over 5 years old

Goods in Transit                 Variable limit of liability for any one vehicle operated by hauliers / carriers

                                 Variable limit of liability for any one vehicle owned or operated by Assured

                                 Variable limit of liability for any one postal package

                                 £1,000 limit of liability on tarpaulin sheets, ropes, securing chains, dunnage
                                 or packing materials

                                 £500 limit of liability on personal effects




             Telephone: +44 (0)207 977 8321, Fax: +44 (0)207 977 8300, Email: enquiries@msilm.com
               Registered Office: 2nd Floor, 25 Fenchurch Avenue, London, EC3M 5AD, United Kingdom

   Mitsui Sumitomo Insurance Underwriting at Lloyd’s Limited, Mitsui Sumitomo Insurance (London) Limited and Mitsui
               Sumitomo Insurance Company Limited are all regulated by the Financial Services Authority.
Loss of License                  Variable limit of liability for the depreciation of value in the premises due to
                                 loss of license.

                                 Cover extends to expenses and costs incurred in appealing the revocation
                                 of license.

                                 Losses are not covered if due to local authority planning actions, changes
                                 in legislation, misconduct of the Assured, criminal acts of the Assured,
                                 problems relating to illegal drugs, death or mental instability of the license
                                 holder etc.

Legal Expense                    £100,000 limit of indemnity for businesses up to £30 million turnover.

                                 Legal rights of Assured defended in employment disputes except claims for
                                 personal injury or claims involving TUPE arrangements.

                                 Provision of legal defence for the Assured including appeals against
                                 statutory notices.

                                 Negotiation for legal rights following damage to material property,
                                 nuisance, trespass, death or bodily injury.

                                 Representation at appeal hearings in respect of full or aspect tax enquiries.




             Telephone: +44 (0)207 977 8321, Fax: +44 (0)207 977 8300, Email: enquiries@msilm.com
               Registered Office: 2nd Floor, 25 Fenchurch Avenue, London, EC3M 5AD, United Kingdom

   Mitsui Sumitomo Insurance Underwriting at Lloyd’s Limited, Mitsui Sumitomo Insurance (London) Limited and Mitsui
               Sumitomo Insurance Company Limited are all regulated by the Financial Services Authority.
Employer’s Liability


 Employer’s Liability Limit of    For claims arising within the Territorial Limits other than Offshore
 Indemnity                        £10,000,000 any one Occurrence.

                                  For claims in respect of terrorism, the limit is £5,000,000.

 Important exclusions,            - Legal liability arising from nuclear risks.
 conditions or limitations        - Legal liability arising from offshore risks.
                                  - Legal liability where you are required to arrange compulsory motor
                                    insurance or security in accordance with any road traffic act legislation
                                    in respect of bodily injury, death or illness to any employee.

 Legal Defence fees and           Arising from a breach of the Health and Safety at Work Act 1974 or the
 expenses incurred                Health and Safety at Work Act (Northern Ireland) Order 1978.

                                  Arising from any proceedings for an offence under the Corporate
                                  Manslaughter and Corporate Homicide Act 2007 subject to a limit of
                                  £1,000,000 any one claim payable in addition to the Limit of Indemnity.




               Telephone: +44 (0)207 977 8321, Fax: +44 (0)207 977 8300, Email: enquiries@msilm.com
                 Registered Office: 2nd Floor, 25 Fenchurch Avenue, London, EC3M 5AD, United Kingdom

    Mitsui Sumitomo Insurance Underwriting at Lloyd’s Limited, Mitsui Sumitomo Insurance (London) Limited and Mitsui
                Sumitomo Insurance Company Limited are all regulated by the Financial Services Authority.
Public and Products Liability


 Public Liability                        Damage to third party property or injury to any person other than
                                         employees

 Products Liability                      Injury to any person other than employees, damage to third party
                                         property resulting from any goods or products supplied

 Legal Liability for damages,            Bodily injury death disease illness which shall include mental anguish
 claimants costs and expenses            shock to any person other than employees
 arising out of :-
                                         False arrest false detention false imprisonment wrongful eviction to
                                         any person other than employees

                                         Loss of or damage to third party property

                                         Nuisance trespass or interference with any easement right of air light
                                         water or way

 Public & Products Liability Limit of    Up to £10 million
 Indemnity

 Contingent Motor Liability

 Data Protection Act 1998 Liability

 Defective Premises Act Liability

 Overseas Personal Liability

 Indemnity to Principals

 Member to Member Liability

 Compensation for Court                  Director £500 per day
 Attendance                              Others £250 per day

 Legal Defence Costs legal fees          Arising from a breach of the Health and Safety at Work Act 1974,
 and expenses incurred                   the Health and Safety at Work Act (Northern Ireland) Order 1978, the
                                         Consumer Protection Act 1987 and the Food Safety Act 1990.

                                         Arising from any proceedings for an offence under the Corporate
                                         Manslaughter and Corporate Homicide Act 2007 subject to a limit of
                                         £1,000,000 any one claim payable in addition to the Limit of
                                         Indemnity.




                Telephone: +44 (0)207 977 8321, Fax: +44 (0)207 977 8300, Email: enquiries@msilm.com
                  Registered Office: 2nd Floor, 25 Fenchurch Avenue, London, EC3M 5AD, United Kingdom

     Mitsui Sumitomo Insurance Underwriting at Lloyd’s Limited, Mitsui Sumitomo Insurance (London) Limited and Mitsui
                 Sumitomo Insurance Company Limited are all regulated by the Financial Services Authority.
Important exclusions, conditions       -   Loss or damage to property in your custody and control.
or limitations                         -   Property being worked upon.
                                       -   Any products or services for use in aircraft or aerospatial device.
                                       -   The removal, repair, recall, replacing or reinstatement of any
                                           defective product being supplied.
                                       -   Any defect or suitability of a product supplied.
                                       -   Any deliberate act or omission on your part.
                                       -   Nuclear risks.
                                       -   Loss or losses directly or indirectly arising out of, resulting from or
                                           in consequence of, or in any way involving asbestos, or any
                                           materials containing asbestos in whatever form or quantity.
                                       -   Electronic risks.
                                       -   Terrorism.

Territory                              Great Britain Northern Ireland the Isle of Man the Channel Islands

                                       The Territorial Limits also include elsewhere in the world but only in
                                       respect of temporary visits to such territories by employees of the
                                       Proposer in the course of the Business.

                                       The Territorial Limits may also extend to offshore installations in
                                       territorial waters around Great Britain and its Continental Shelf.




             Telephone: +44 (0)207 977 8321, Fax: +44 (0)207 977 8300, Email: enquiries@msilm.com
               Registered Office: 2nd Floor, 25 Fenchurch Avenue, London, EC3M 5AD, United Kingdom

   Mitsui Sumitomo Insurance Underwriting at Lloyd’s Limited, Mitsui Sumitomo Insurance (London) Limited and Mitsui
               Sumitomo Insurance Company Limited are all regulated by the Financial Services Authority.
Motor Fleet

                                                                              Third Party Fire       Third Party
                                                        Comprehensive
                                                                                and Theft               Only

Liability in respect of death of or bodily injury to       Unlimited              Unlimited            Unlimited
any person

Third Party Property Damage                              £25,000,000           £25,000,000          £25,000,000
Private Cars any one Occurrence

Third Party Property Damage                               £5,000,000            £5,000,000           £5,000,000
All other vehicles any one Occurrence

Loss or damage to Insured Vehicle                                                      x                   x
Loss or damage to Insured Vehicle by fire, theft                                                           x
or attempted theft

Personal Effects                                              £250                  £250                   x
Medical Expenses                                              £500                  £500                 £500

Permanently fitted audio, telephone, visual,                                                               x
navigation and visual equipment

                                                                                                           x
New Car Replacement where a Private Car is
within one year of purchase date, if the vehicle is
stolen or damaged where the assessed costs of
the repairs exceed 50% of the manufacturers
current list price.

Personal Accident Benefit provides a lump sum               £5,000                 £5,000               £5,000
benefit for the driver of an Insured Vehicle in
respect of bodily injury sustained as a result of an
accident for death, permanent loss of sight or
loss of any limb

Manslaughter Defence Costs


Loss or Theft of Keys                                         £500                     x                   x
Uninsured Loss Recovery

Motor Prosecution Defence


Replacement Vehicle Hire



              Telephone: +44 (0)207 977 8321, Fax: +44 (0)207 977 8300, Email: enquiries@msilm.com
                Registered Office: 2nd Floor, 25 Fenchurch Avenue, London, EC3M 5AD, United Kingdom

   Mitsui Sumitomo Insurance Underwriting at Lloyd’s Limited, Mitsui Sumitomo Insurance (London) Limited and Mitsui
               Sumitomo Insurance Company Limited are all regulated by the Financial Services Authority.
Territory                        The cover provided under this Policy applies in respect of Insured Vehicles
                                 registered in the United Kingdom as described in each Certificate in respect
                                 of accidents occurring:-

                                 a)   in Great Britain, Northern Ireland, the Isle of Man and the Channel
                                      Islands
                                 b)   in any other country which is a member of the European Union
                                 c)   in Croatia, Iceland, Norway and Switzerland
                                 d)   in any other country which has made arrangements which meet the
                                      insurance conditions of and is approved by the commission of the
                                      European Union and for which the Underwriters have agreed in
                                      advance to issue cover during transit (including loading and unloading)
                                      of an Insured Vehicle between such countries by a recognised sea
                                      route not exceeding 65 hours between ports in these areas.


Important exclusions,            Hazardous Goods, Racing, Riot, Custody & Control, Hire & Reward,
conditions or limitations        Terrorism, Airside, costs due to wear & tear.




              Telephone: +44 (0)207 977 8321, Fax: +44 (0)207 977 8300, Email: enquiries@msilm.com
                Registered Office: 2nd Floor, 25 Fenchurch Avenue, London, EC3M 5AD, United Kingdom

   Mitsui Sumitomo Insurance Underwriting at Lloyd’s Limited, Mitsui Sumitomo Insurance (London) Limited and Mitsui
               Sumitomo Insurance Company Limited are all regulated by the Financial Services Authority.

								
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