BUSINESS INSURANCE. S u m m a ry o f C o v e r December 2013 Edition. An Insurance Package for Businesses. Why Choose InterCounty s Insurance Package?

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1 BUSINESS INSURANCE S u m m a ry o f C o v e r December 2013 Edition An Insurance ackage for Businesses. Why Choose InterCounty s Insurance ackage? InterCounty s Business Insurance ackage offers you generous levels of standard cover plus many optional extras. Tailor-made for Your Business Business Insurance ackage provides a combination of standard and optional covers to best meet your needs. Keeping Your Business Running We offer cover as standard because we know that over 80% of businesses go bankrupt after a serious fire if they are not properly covered. Glass Replacement Service Broken glass? Not to worry, our 24 hour replacement service can fix windows, doors or partitions. Just call us and assistance can be provided. Inflation rotection We take away the burden of keeping your contents (and buildings, if they are included in this olicy) sums insured in line with inflation we use recognised independent price indices to amend your sums insured to reflect inflation. Seasonal increases We recognise that certain times of the year are particularly busy for you and you may need to stock up for the extra trade. To help you, we give you a free extra 25% on top of your stock sum insured during November, December, the first two weeks of January, and 30 days prior to Easter Day. Spreading your cost You can take up the option to pay your annual premium by monthly direct debit helping you to manage your cashflow. There may be a charge associated with this. lease speak to your Insurance Adviser for details. Expert Claims Management We take on the burden of negotiating with third parties on your behalf, allowing you to concentrate on running your business.

2 OLICY SUMMARY Business Insurance o lic y S u m m a ry This document is a summary of the insurance cover provided by the Business Insurance ackage and, as such, it does not contain the full terms and conditions of your insurance ackage. You can find the full terms and conditions of the product in the olicy document. This summary is provided to you for information purposes only and does not form part of your insurance contract. Fe a tu re s a n d Be n e fits C o v e r a p p lie s to G re a t B rita in, N o rth e rn Ire la n d, th e Isle o f M a n a n d C h a n n e l Isla n d s a n d a d d itio n a lly in re sp e c t o f B u sin e ss L ia b ility to te m p o ra ry v isits a b ro a d e x c lu d in g o ff-sh o re Bu ild in g s a n d C o n te n ts C o v e r O ffe re d All Risks cover being subject to certain exclusions Automatic Reinstatement of Sum Insured following a loss S ta n d a rd O p tio n a l o lic y C o v e r C o v e r re f age 8 & 10 age 19 C o n te n ts Replacement values on and Stock on market value basis Up to amount nominated by the Insured age 17 Stock wines and spirits Extra amounts if required age 10 cigarettes and tobacco Breakdown or failure of computer equipment, or loss/damage to computer records Up to nominated limit for equipment and 5,000 for computer records age 36 Additional expenditure incurred to minimise the interruption to work normally carried on using the damaged computer equipment 10,000 any one period of insurance age 37 recompile or restore damaged data as a result of damage as covered by the contents section Costs to modify equipment or computer records to ensure compatibility with replacement computer equipment following insured damage 5,000 any one period of insurance age 37 Costs incurred through additional rental of computer equipment arising out of the replacement of a hire agreement following insured damage 5,000 any one period of insurance age 37 Accidental Glass Breakage of fixed glass and sanitaryware inner limits apply age 12 Damage to signs (excluding neon signs) 1,000 age 13 Loss of or damage to goods in transit in your own vehicle. Excludes theft from unattended vehicles. 3,000 Increased cover available (Maximum Limit 5,000) age 13 2 Replacement of locks and keys following theft 500 age 13

3 Business Insurance OLICY SUMMARY Fe a tu re s a n d Be n e fits Loss of money C o n te n ts C o v e r O ffe re d S ta n d a rd O p tio n a l o lic y C o v e r C o v e r re f remises during business hours, in transit and in a Bank Night Safe remises out of Business Hours Business owner or Authorised Employee residence Crossed Cheques and non negotiable money Gaming, amusement or vending machines Loss of freezer contents cover being subject to certain exclusions Automatic seasonal increase for Christmas and Easter Loss of metered water Damage to landscaped gardens caused by Emergency Services 3,000 1,200 in safe / out of safe,000 5,000 Stock Sum Insured increased by 25% 2,000 2,500 1,000 in any one period of insurance Increased cover available (Maximum Limit 7,500) (Maximum Limit 5,000 in approved safe) Increased cover available (Maximum Limit 10,000) age 13 age 14 age 14 age 15 age 15 If b u ild in g s a re in su re d : Replacement value of Buildings (including Debris Removal, Architects and Surveyors fees) Damage to cables, drains and underground pipes Subsidence Cover Cover for tracing and making good leaking underground pipes, drains and cables Up to amount nominated by the Insured 25,000 any one property any one period of insurance Increased inflation protection up to a nominated amount age 8 age 9 age 42 age 9 3

4 OLICY SUMMARY Business Insurance Fe a tu re s a n d Be n e fits Bu sin e ss In te rru p tio n C o v e r O ffe re d S ta n d a rd O p tio n a l o lic y C o v e r C o v e r re f Loss of Business Income resulting from damage covered under Up to,000 In a 12 month period Up to 24 months period age 22 Cover for outstanding debts where business accounts are lost due to damage as defined above Up to 10,000 age 25 Loss of Business Income as a result of damage at ublic Utility Suppliers premises Up to sum insured age 24 Automatic Reinstatement of Sum Insured following a loss age 23 L o ss o f L ic e n c e Loss of sales (less relative purchases) directly attributable to the loss of the liquor licence, and the reduction in the value of the property subject to certain exclusions Up to 100,000 age 27 4

5 Business Insurance OLICY SUMMARY Fe a tu re s a n d Be n e fits Employers Liability ublic Liability roducts Liability Bu sin e ss L ia b ility C o v e r O ffe re d S ta n d a rd O p tio n a l o lic y C o v e r C o v e r re f Cover for legal costs in respect of prosecutions under the Health and Safety at Work etc Act 1974/art II Consumer rotection Act 1987 Legal Liability incurred under the Defective remises Act ersonal Liability whilst abroad on business Legal liability incurred as tenants Indemnity to principal Compensation for required Court Attendance Hairdressers Treatment Risk 10m 2m 2m any one period of insurance 50 per day per employee 100 per day per Director / artner 1m age 30 age 31 age 31 age 32 age 34 age 34 age 34 age 35 age 35 wording available 5

6 OLICY SUMMARY Business Insurance S ig n ific a n t o r U n u su a l Ex c lu sio n s a n d L im ita tio n s S ig n ific a n t o r U n u su a l Ex c lu sio n s a n d L im ita tio n s Minimum security conditions apply to this olicy Keys must be removed from the premises when closed for business unless the Insured or an employee live on the premises Special terms apply to empty buildings you must advise us immediately any premises becomes unoccupied Ap p lie s to Buildings & and Buildings & and All covers Special terms apply to Stock stored in basement/cellar Stock shortages and pilfering Money in transit limited to 2,500 per person Money the property of the ost Office Employee rotection cover in respect of any premises incorporating a ost Office Date Recognition Exclusion Computer or data processing equipment operator error, virus or hacking Terrorism Exclusion (some cover available as an optional extra) Theft not involving entry to or exit from the premises by forcible and violent means Theft of goods while in transit unless the vehicle is securely locked (and is garaged in secure and enclosed premises at night) Freezer contents cover excludes 20% of any loss where the cabinet is over 10 years old Bursting of non domestic steam boilers Gradually operating causes eg. rust, rot, corrosion and gradual pollution Mechanical or electrical breakdown of machinery Fines and penalties imposed Liability assumed by agreement Liability for which compulsory motor insurance is required Liability incurred while working away from insured premises other than when undertaking catering activities Damage to property in your custody/cost of remedying defects in products supplied roducts knowingly exported into USA and Canada unitive/exemplary/aggravated/additional/compensatory damages awarded in USA and Canada Acts committed prior to commencement of cover Loss or damage to property resulting from a process involving heat application All covers except Employers Liability All covers except Business Liability & Loss of Licence All covers Buildings &, All Risks and & All Risks Buildings & and Buildings &, Business Interruption and ublic Liability Buildings & and Business Liability covers ublic Liability Employers and ublic Liability Employers and ublic Liability ublic Liability ublic Liability ublic Liability Theft by Employee optional cover All covers 6

7 Business Insurance OLICY SUMMARY Ex c e sse s o lic y Ex c e sse s Building and (i) Storm, Flood, Escape of Water, Malicious Damage, Theft and Accidental Damage (ii) All other losses Glass Computer breakdown Business Equipment All Risks Subsidence minimum excess (optional cover) Theft by Employee (optional cover) ublic Liability property damage Tenants liability (total any one loss) Nil 1,000 o lic y D u ra tio n This is an annually renewable olicy S u m s In su re d Correct values at risk must be advised to us. If the Sums Insured you request are not adequate this will result in the amount that we pay you in the event of a claim being reduced. L a w Ap p lic a b le You are free to choose the law applicable to this olicy. Your olicy will be governed by the law of England and Wales unless you and we have agreed otherwise. M a k in g Y o u rse lf He a rd Any complaint you may have should in the first instance be addressed to your Insurance Adviser, then claim office or helpline as applicable. If you are not satisfied with the way in which your complaint has been dealt with, you should write to the Customer Care Department of InterCounty Insurance. If the complaint is still not resolved, you can approach the Financial Ombudsman Service. The Ombudsman will only consider complaints if: We have provided you with written confirmation that our internal complaints procedure has been exhausted Your business has a turnover of less than 1,000,000 Referral to the Financial Ombudsman will not affect Your right to take legal action. Full details of addresses and contact numbers can be found within the olicy Wording. 7

8 OLICY SUMMARY Business Insurance Fin a n c ia l S e rv ic e s C o m p e n sa tio n S c h e m e (FS C S ) Gable Insurance AG is covered by the FSCS, which is triggered when an authorised firm goes out of business. In this unlikely event you may be entitled to compensation from the scheme. Compensation under the scheme for: Compulsory insurance is covered in full. Non compulsory insurance is protected in full for the first 2,000 and 90% of any amount above the threshold. Full details are available at Fin a n c ia l C o n d u c t Au th o rity R e g u la tio n Gable Insurance AG is authorised and regulated by the Financial Conduct Authority. This can be checked on the FCA s website at or by contacting them on InterCounty Insurance is a trading style of Brian Thornhill & Son 704 Huddersfield Road, Ravensthorpe, Dewsbury, WF13 3HU Brian Thornhill & Son is authorised and regulated by the Financial Conduct Authority. In order to maintain a quality service, telephone calls may be monitored or recorded.