Insurance Specialists to the building and allied trades

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1 Insurance Specialists to the building and allied trades

2 Welcome Welcome to Trade Direct Insurance, we hope that you find our brochure informative and that our range of policies will be of interest to you. With more than 25 years commercial insurance experience Trade Direct Insurance now has in excess of 40,000 clients who are predominately employed within the construction industry. This experience means that we understand your needs and can help you through the process of selecting the right insurance product with the right cover and for the right price. You will find much more information on our website and you can also obtain a quotation and arrange immediate cover. If you would like to speak to one of our qualified insurance brokers please feel free to contact our office on We look forward to hearing from you... FREEPHONE

3 Bricklayers Builders Carpenters & Joiners Electricians Glaziers Groundworkers Kitchen & Bathroom Installers Painters & Decorators Plasterers Plumbing & Heating Engineers Property Developers Self Builders and many more Insurance Specialists to the building and allied trades

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5 Combined Liability and All Risks Package Trade Direct Insurance is delighted to confirm the comprehensive range of benefits available as part of their exclusive liability package. Every Public Liability policy automatically includes the following FREE benefits 1,000 tools insurance, 50,000 professional indemnity insurance and 100,000 financial loss insurance. A full range of optional extras enable our policyholders to make sure that their policy is individual and fits their precise business requirements For example the policy can include cover for temporary employees (FREE of charge if you already have manual employees) as well as other extensions for Own Plant and Hired in Plant cover, Contract Works insurance, additional tools cover and weekly personal accident benefits. You can obtain a quotation and arrange immediate cover on line and pay by debit/credit card or by instalments over 12 months. Our exclusive combined liability policy is underwritten by Zurich Insurance, one of the UK's leading construction insurance companies, who understand the market you work in. Combined liability and All Risks package

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7 Commercial Vehicle Insurance We all know that it is a legal requirement to arrange and maintain motor insurance for your commercial vehicle and at Trade Direct Insurance we want to work with you to make sure that you obtain the best deal possible. We have access to all leading U.K underwriters and because of our expertise in this market we can negotiate a range of discounts and benefits that are not available elsewhere. If you have an accident you want to know that your vehicle will be repaired quickly and that whilst these repairs are being completed you will have a replacement vehicle. That is why our selected underwriters have approved repairers who can start work straight away and are committed to supplying you with a replacement vehicle. As well as being able to offer discounts of up to 25% from standard premiums we can also offer introductory discounts of up to 65% and also the valuable benefit of a Protected No Claims Bonus option so that having earned your maximum no claims discount you can make sure you hold on to it. You can obtain a quotation and arrange immediate cover by telephoning our office or visiting our website. Commercial Vehicle Insurance

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9 Personal Accident and Sickness Insurance If you are self employed or running your own business you will be only too aware that any absence from work will have a direct effect on your income and that a prolonged period of absence will have a significant impact. It is possible to arrange insurance to provide a regular income following a period of absence from work as a result of accident or sickness and at Trade Direct Insurance we have been able to negotiate a particularly competitive policy with Aviva. For a small premium it is possible to arrange weekly benefits of up to 500 per week and capital benefits of up to 50,000. A typical policy providing 400 per week benefit following an accident, resulting in temporary total disablement, would cost no more than per month inclusive of insurance premium tax. This also includes 40,000 in the event of death or total disablement. Our policy has a range of attractive benefits. The policy cover is operative 24 hours a day so it will cover accidents that happen at home as well as at work. The policy includes a reduced benefit for temporary partial disablement of 50% - in the above example the policy would still pay 200 per week. The policy pays for 52 weeks subject to a 14 day excess period. The policy can also be extended to include sickness cover which using the above example would increase the monthly premium to inclusive. Personal Accident and Sickness Insurance

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11 Travel Insurance Trade Direct Insurance Services are able to arrange Personal Travel Insurance which can be extended to include winter sports cover and business equipment. We can arrange cover for a single trip policy, a long stay policy or an annual multi trip policy. The policy cover includes medical expenses, personal belongings, money, personal liability, loss of passport and missed departure as well as many other benefits. Immediate cover can be arranged on line at our website where you can also access a detailed summary of cover and a full policy wording. Personal Travel Insurance Sum insured per insured person (up to) Section Single/Multi-trip Long-stay 1A If your trip is cancelled 5,000 1,000* 1B If your trip is cut short 5,000 No cover 2 Medical and other expenses 10 million* 5 million* 3 Hospital benefit 1,000* Personal accident 25,000 15,000 5 Personal belongings 1,500* 1,000* 6 Temporary loss of personal belongings Money and document 400* 400* 8 Loss of passport Personal liability 2 million 2 million 10 Missed departure - extra travel and accommodation expenses Mugging 500 No cover 12 Legal expenses 25,000 25, Delay 100 No cover ( 5,000 for cancellation) Travel Insurance *Subject to a 50 excess Sample premium based on 2 people aged under 50 travelling within Europe for up to 17 days inclusive of insurance premium tax. Underwritten by Ageas Insurance Company

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13 Business Premises Insurance Many contractors continue to work from home but a number of contractors operate from a separate business address either to increase awareness of the business, run a trade counter or simply as a storage facility for stock and materials. Having a business premises means that you also need business premises insurance to protect the stock and materials you may hold as well as protecting your liabilities and any loss of income following a loss at your premises. Trade Direct Insurance have arranged an exclusive arrangement with AVIVA to provide a wide range of cover under one policy. For example, up to a total sum insured of 30,000 including cover for Property Damage, theft and accidental damage, non ferrous metals up to 500, Worldwide cover for laptops and mobile phones up to 1,000, Goods in transit cover for up to 5,000 any one load,business Interruption (increased cost of working) up to 10,000 and business money and glass cover as standard the monthly premium would be inclusive. The policy can be amended to suit individual requirements and can include Buildings cover if you own the freehold or include cover for tenants improvements if you are a leaseholder and have carried out some internal alterations. Business Premises Insurance

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15 Performance Bonds and Retention Bonds Construction contracts are becoming more complicated and additional requirements are constantly being imposed on sub contractors to a main contract. Performance Bonds have always been a part of large construction contracts to protect the employer against a sub contractor failing to fulfill his contractual obligations mainly due to financial difficulties. The bond provides a guarantee that a project will be performed according to the terms and conditions of the contract and provides a remedy to the employer in the form of cash damages in the event of a default by the contractor causing a loss. Trade Direct Insurance has access to a number of leading insurers who are willing to provide Performance Bonds and many contractors like to use the services of an insurance company rather than approaching their own bank who, traditionally, have also been willing to provide such a contract bond. Another contract bond that is popular is a Retention Bond. A Retention Bond is issued in favour of an employer where the employer has agreed to waive the right to the deduction of retention monies from sums owed to the contractor for work performed. Generally the retention percentage is between 3% to 5% of the contract price and the bond issued will be for the retention percentage. Trade Direct Insurance are also able to advise on and arrange other bonds such as Advance Payment Bonds and Maintenance Bonds. Performance Bonds and Retention Bonds

16 Other Services and facilities As independent insurance brokers authorised and regulated by the Financial Services Authority we are able to provide impartial advice on all personal and commercial insurance products. Our aim is to be the point of reference within the SME construction industry providing advice on insurance and business related matters with clarity, fairness, impartiality and innovation. We will always offer an impartial assessment of your insurance arrangements and if we feel more suitable insurance cover may be available we will be delighted to obtain a quotation on your behalf. However we believe that the premium should not be the main factor in deciding whether to purchase a particular policy because it is equally important to understand the cover that is available for the premium. It can be a false economy to purchase the cheapest insurance. We are part of Kerry London Group one of the U.K s largest independent construction brokers. Kerry London Financial Services is part of Kerry London and this means we can introduce our clients to experienced IFAs who can provide advice on a wide range of financial products such as life insurance, critical illness insurance as well as mortgages and investments. For more information please contact us on: FREEPHONE enquiries@tradedirectinsurance.co.uk