THE N LT D. E W C N A A SHOPS & RESTAURANTS INFORMATION & PROPOSAL

Transcription

1 LT D. DI E W C O. E THE N INFORMATION & PROPOSAL IN N A A SSUR A C SHOPS & RESTAURANTS

2 Shops and Restaurants Prospectus The insurance policy which lets you get on with your day to day business and leaves us at New India to deal with the unexpected. Specially designed for Retail Shops and Restaurants, New India combines your essential business insurances in one policy. Free Legal Advice When you take out a New India policy, you will be entitled to use the Legal Helpline operated by ARAG plc. If you have any legal problems in connection with your business, ring the Helpline number for confidential advice from ARAG s in-house lawyers. The advice given can be confirmed in writing. It will only cost the price of a phone call - the advice is free. Full details of this service will be provided with your New India policy. Authorisation and Regulation of the Insurer Authorised and regulated by the Insurance Regulatory & Development Authority (IRDA) of India. Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. 1

3 Cover at a Glance Basic Cover 1. Contents of your Premises, excluding personal possessions (which should be separately insured) 2. Fixed Glass, Sanitaryware and Signs 3. Loss of Income following damage to Contents, Glass and Buildings 4. Money 5. Assault suffered at the hands of thieves 6. Liability to Others for damages Additional Options which you may wish to select 7. Buildings 8. Deterioration of Stock 9. Depreciation in the value of your interest in the Business following the loss of a licence to sell alcohol 10. Damage to Business Machines 11. Loss of Goods in Transit 12. Losses from Theft by Employees 13. Legal Expenses The following general features should be noted: Average If you do not insure for the full value of your premises, contents, stock or gross profit any payments made under Sections 1, 3, 7, 8, 10 and 11 will be proportionately reduced. Be sure to avoid this penalty by insuring for full amounts. Excesses You are asked to bear the first 250 of each claim for loss or damage under the following: Section 1 Contents Section 2 Glass Section 4 Money Section 7 Buildings Section 10 Business Machines Section 11 Goods in Transit Section 12 Theft by Employees 2

4 Cover at a Glance continued Terrorism Terrorism cover can be provided in selected cases at an additional premium, which must be paid to New India within 30 days. Terrorism cover is not available for risks in Northern Ireland. The Cost The cost of the Basic Covers depends upon just three factors: the occupation of your Premises the value of your Contents, stock and additional optional sections where your Premises are situated Please read the following Cover guide before completing the Proposal form. If you need further guidance, ask your insurance adviser or local New India office for assistance. A specimen policy will be supplied on request, giving the actual terms of the insurance. 3

5 Basic Cover Section 1 Contents Loss of or damage to the trade contents of your Premises, including building owner s fixtures and fittings, tenant s improvements, decorations, employees personal effects and shop fronts, caused by any of the following: Fire, explosion and lightning; Theft involving forcible and violent entry to or exit from the Premises and following assault or violence or their threat; Storm, flood or escape of water from water systems; Riot and other disturbances but not in Malicious damage } Northern Ireland; Aircraft and earthquake; Impact by road or rail vehicles; Breakage or collapse of radio or television aerials; Escape of oil used for central heating; Accidental damage by falling trees. Claims for the loss or destruction of Contents (other than stock, goods in trust and employees effects and pedal cycles) will be settled on the basis of replacement as new. Please ensure the Sums Insured you select are on the same basis. This Section also covers: Temporary removal of Contents Up to a limit of 15% (except Stock) anywhere within of the sum insured on Great Britain, Northern Ireland, Contents (excluding Stock) the Channel Islands and the Isle of Man Computer systems records Limit 5,000 Employees effects and pedal cycles Limit 500 Accidental damage to underground pipes, services and cables Seasonal Increase: for the months of The sum insured on Stock November and December and the 30 will be automatically days preceding Easter Day increased by 25% (or a higher percentage if required) Automatic reinstatement of sum insured following a loss of up to 2,000 The replacement of locks (other than of any safe) following the theft of keys up to a limit of 500 4

6 Basic Cover continued Accidental Damage Extension The cover, under Section 1 Contents and Section 7 Buildings, can be extended to include accidental loss or damage. If required, please indicate on the Proposal form. Section 2 Glass Breakage of fixed glass plus the cost of temporary boarding up, and damage to window frames, framework, fittings and displays resulting from the breakage. Cover for Sanitaryware and Signs is given automatically.ment of the glass and framework. Full details will be provided with your Policy. Section 3 Loss of Income The Income you receive in the course of your business may be severely affected by any of the following: (a) damage to the contents of your Premises or to the buildings, (b) damage to surrounding property which hinders access to your Premises, (c) an occurrence of a Notifiable Disease at the Premises or within a radius of 25 miles of it, or the discovery of vermin or pests at the Premises, (d) accidental damage to drains or sanitary apparatus causing restrictions on the use of the Premises, (e) murder or suicide at the Premises. (f) accidental failure of the public supply of electricity, gas, water and public telephone communication system The standard Maximum Indemnity Period is 24 months, and cover is provided for up to 600,000. For (c), (d) and (e) above, however, the Maximum Indemnity Period is 3 months. For (f) above the Maximum Indemnity Period is 30 days. Book Debts cover is included where accounts records are destroyed and it is difficult to trace outstanding debtors and recover the money owed to you. 5

7 Basic Cover continued Section 4 Money If Money is lost or stolen from your Premises, or home, or from an employee s home, or whilst in transit, your policy will make good your loss subject to the following limits: Money out of Safe(s) overnight Money in Safe(s) when Premises are closed for business... 1,000* Money in the private residences of the Insured and the Insured s employees... 1,000 Any other loss of Money... 2,000* Crossed cheques and the like ,000 *These limits may be increased on request. Your Policy also covers: Loss of or damage to any safe in the Premises arising from theft, Loss or damage to money-belts, waistcoats, cash-carrying cases and the like, arising from theft or attempted theft. Section 5 Assault Unfortunately theft is often accompanied by violence which may have serious personal consequences. Your policy will provide the following benefits for you and your employees: Damage to clothing and personal effects Death... 25,000 Loss of one or more limbs and/or sight of one or both eyes... 25,000 Permanent total disablement... 25,000 Temporary total disablement (maximum 2 years) per week 6

8 Shops and Restaurants Proposal Non-disclosure Warning: On this proposal which will form the basis of the contract you must disclose all facts likely to influence the acceptance or assessment of the risk. If you are in any doubt as to whether the facts are material, you should for your own protection, disclose them as a failure to do so could invalidate the insurance. 1. Full name of Proposer Trading name of Proposer ERN (Please insert HMRC Employer Reference Number or state if Exempt. The ERN can be found on many documents including the P45, P60 and P11/D. The format is usually NNN/LLNNNNN or NNN/LNNNNN where N is a number and L is a letter). Do you have any subsidiary companies? If, please provide a list of subsidiary companies covered by this policy including any ERN not stated above: 2. Postal Address Postcode 3. Full description of business Telephone No. ASSESSING YOUR SUMS INSURED Contents (Section 1 only) Claims for contents (other than stock, goods in trust, employees effects and pedal cycles) damaged beyond repair will be settled on the basis of reinstatement as new with no deduction for wear and tear. Be sure to select Sums Insured which represent the full cost of replacement at today s prices, including VAT as appropriate. Average If the Sums Insured by Sections 1, 3, 7, 8 and 11 do not represent the full cost of replacement of property, any claims settlement will be proportionately reduced. Section 1 Contents 1. Please state your Sums Insured for each of the following: (a) (i) Cigarettes and tobacco (ii) Wines and spirits (b) Other stock and goods in trust (including frozen food) (c) Building owner s fixtures and fittings and interior decorations for which you are responsible (d) Your improvements to the building and interior decorations (e) All Other Trade Contents (including employees personal effects) Total Sum Insured Section 1 2. Is Accidental Damage cover required on all your contents? Sum Insured 3. Is Accidental Damage cover required on any items of Business Machines included in 1 (d) above? If, please complete Section 10: 4. Year in which established 5. Premises to which this proposal relates (if other than above) 4. Is Theft cover required for contents in outbuildings without a communicating passageway? If, please indicate nature of contents: Postcode Nature Sum Insured 6. (a) Are you the sole occupant(s) of the building in which your Premises are situated? (b) Are your Premises entirely self-contained with their own means of access? If to (a) or (b) above, please give details: 7. Please provide the total turnover of this and all businesses conducted in the name of the Proposer

9 5. Do you wish to vary the months or amounts of the seasonal increase? If, please delete the standard terms shown below and enter your requirements: (a) V/DEC 25% (b) 30 Days Prior to Easter 25% 4. Do you provide, or intend to provide entertainment? If, please complete the following: (i) type of entertainment provided? (e.g. discotheque, dancing, cabaret, etc) (ii) number of events per week? Section 2 Glass Cover is automatically provided. Section 3 Loss of Income Cover is automatically provided, for up to 600,000, with a 24 month Maximum Indemnity Period. If a higher sum insured is required please specify the amount required Section 4 Money (iii) maximum attendance permitted? (iv) what hours do you intend to keep for the entertainment? (v) is a separate charge made/to be made for the entertainment? (vi) where does the entertainment take place? 1. Do you wish to vary the standard limits in respect of either of the undermentioned limits? If, please state your requirements: (a) Loss of money from locked safe(s) when the Premises are closed for business 1,000 If you require more than 1,000, please give details of your safe(s) 5. Do you have a designated dance floor within the premises? If, please answer the following:- (i) Please give size of the dance floor (ii) Do you allow drinks on the dance floor? 6. Please provide premises opening hours Make Model (b) Loss of money in transit, on the Premises during business hours or in a bank night safe 2,000 Note: The limit requested in 1(b) must not be less than the amount required under 1(a). 2. Do you currently operate a Building Society Agency? If, indicate Estimated Annual Carryings 3. Do you have an ATM machine in or on your premises? Section 5 Assault Cover is automatically provided. Section 6 Liability to Others 1. Do you, or any partner, director or employee carry out work away from the Premises? If, (a) please give details: (b) Estimate the number of occasions each year and turnover 2. Do you employ staff? If, please advise the schedule of earnings Numbers (a) Managerial employees who do not engage in manual labour and clerical staff (b) Door staff: (i) Own employees (ii) Agency vetted and approved (c) All other employees (including working directors and persons engaged in Government work experience schemes) at the premises (d) All other employees working away from the premises 3. Please provide an estimate of annual turnover of the business set out in this proposal Estimated earnings Section 7 Buildings Optional section if required 1. Do you require cover for Buildings? If, please complete the following: (a) State the Sum Insured being the estimated cost of rebuilding including VAT where appropriate, together with an allowance for removal of debris, architects and surveyors fees and the extra cost of complying with building regulations following loss destruction or damage (usually 10% for each) (b) Do you require Accidental Damage cover on your Buildings? (c) Do you require Subsidence cover on your Buildings? If, please complete the following: (i) Has the property or any adjacent property suffered damage from subsidence, heave or landslip? (ii) Are there any visible signs of cracking, distortion, misalignment or settlement? (iii) Is the property erected on made up ground or recently cleared woodland? (iv) Has the property been extended? (v) Is there any exposure of the property to; 1. mines/underground workings? 2. cliffs, embankments, railway cuttings, tunnels, quarries or other excavations? 3. vibrations from major roads/railways? 4. sloping site? 5. large trees or dense vegetation within 15 metres? If Yes to answers (i) to (v) please give details (d) Does any part of the building(s) have a flat roof? If, please give full details of construction and percentage of roof area that is flat Section 8 Deterioration of Stock Optional Section if required. 1. Do you require cover for Deterioration of Stock?

10 If, please complete the following: (a) Total (b) State Number Total Sum of Cabinets Insured required 2. Is any of the food contained in open topped units? If, please state the Total Sum Insured required (if greater than 5,000 a separate proposal form may be required) Section 9 Loss of Licence Optional Section if required. 1. Do you require cover for Loss of Licence? If, please complete the following: (a) Estimated Amount of Loss (if greater than 100,000 a separate proposal form may be required) (b) Within the last 5 years, has there been any opposition to the grant, renewal or transfer of the licence or any circumstances or incidents prejudicial to it or likely to prevent its renewal? If, please give details: Section 10 Business Machines Optional Section if required. If you have chosen Standard cover for your Contents but wish to insure Business Machines for a wider All Risks cover, you should insert the full current replacement cost as new of each Machine. The value of Machines covered under this Section does not then need to be included in your sum insured under Section 1 - Contents. All Risks cover for computer systems records and programs or production machinery is not available under this Section. 1. Do you require cover for Business Machines? If, please list items below: Item No. Description of Property to be Insured Sum Insured Please note that the Insurer automatically excludes theft from unattended vehicles. If you would like us to consider this cover, Please give full details of the goods carried Section 12 Theft by Employees Optional Section if required. 1. Do you require cover for Theft by Employees? If, are satisfactory written references always obtained direct from former employers covering an unbroken period of two years immediately preceding the engagement of all employees Limit of Indemnity is 10,000. Higher amounts are available but may necessitate a separate proposal. Section 13 Legal Expenses Optional Section if required. 1. Do you require cover for Legal Expenses? Please answer these questions in respect of yourself, your partners, your directors and any member of your family directly connected with the business. (a) Has any dispute or litigation of the type to be insured occurred during the past three years? If, please give details (b) Have any statutory licences necessary to engage in your business been issued by a Governmental or Local Authority? (Legal Expenses licence disputes cover operates only in respect of the licences specified or advised to New India before a dispute begins). If, please give details Section 11 Goods in Transit Optional Section if required. 1. Do you require cover for Goods in Transit? If, please complete the following: (a) Sum Insured (b) Number of per Vehicle Vehicles (c) Is cover required for goods in vehicles unattended at night? If, please give details of overnight security of vehicles: (d) Do you have permanent garage Premises? If, please state the full address General TO BE COMPLETED BY ALL PROPOSERS 1. Are you currently insured or have previously held insurance against any of the risks proposed? If, please state name of Insurer 2. From which date do you wish this insurance to commence? N.B. Cover is not operative until confirmed by the New India 3. Are your premises situated within a street level CCTV area? 4. Are any parts of the building at present unoccupied? 5. Are the premises and outbuildings: (a) constructed entirely of brick, stone or concrete and roofed with slates, tiles, metal or concrete and in good repair? (b) occupied solely by you for the purposes of the business described on the front page? If the answer to either (a) or (b) is, please give details:

11 6. Are all your existing doors of sound construction and fitted with good quality deadlocks which comply with BS3621 (look for the British Standard Kitemark)? 11. Is your electrical installation inspected at regular intervals in accordance with Electricity at Work Regulations 1989 or as subsequently amended? 12. How far away is your nearest watercourse river/canal/sea? KM 7. Are all opening windows fitted with key operated window locks in addition to the standard fastening? If the answer to either 6 or 7 is, please give details 13. Is the shop front protected by any anti ram-raid devices? If so please give details: 8. (a) Do you have any form of intruder alarm fitted and in working order? (b) If an alarm is fitted, is a maintenance contract in force with a member of the National Security Inspectorate? (c) Please state the signalling system of the alarm (i) Single Signalling Systems Local Audible Alarm only Red ABC Digital Communicator BT RedCare Direct Line to Central Station (ii) Dual Signalling Systems DualCom Smart BT RedCare GSM (iii) Other please give details 14. In the last five years have you or any director or partner (in this or any other name under which you may have been trading) suffered any loss or had any claims made against you in respect of any of the covers you are now applying for? 15. Has any insurer declined or required special terms to insure you or any director or partner (in this or any other name under which you may have been trading) cancelled or refused to renew any insurance of a type you are now applying for? 16. Have you or any director or partner been declared bankrupt, been a director of any company which went into liquidation, or been convicted of or received a police caution for or been charged with but not yet tried for arson, criminal deception, fraud, forgery, theft, robbery or handling or any crime of violence associated with these or with any other offence against property? If the answer to any of the questions is, please give details: 9. Are the premises protected by and secured by roller shutters? If, please give details of the positioning of the roller shutters (i.e. front, front & rear, rear) 10. Are your premises within a precinct/enclosed shopping centre? 17. Do you require Terrorism cover? 18. Would you like details of our Premium Instalment Scheme? (not available for Terrorism premium) TES Some or all of the information which you supply to New India Assurance Company Ltd in connection with this insurance will be held by the Insurer on computer. Information may be passed to other insurance companies, professional firms employed by insurance companies or any other recognised authority directly concerned with this type of insurance. The insurance does not come into force until your proposal has been accepted by New India Assurance Company Ltd DECLARATION I/We declare that to the best of my/our knowledge and belief all the statements and particulars made with regard to this proposal are true and I/we apply for a contract of insurance with New India Assurance Company Ltd to be expressed in the usual terms of the Insurer s policy. I/We have not withheld any material facts I/We understand that non-disclosure or misrepresentation of a material fact will entitle the Insurer to avoid any insurance granted (A material fact is one likely to influence acceptance or assessment of this proposal by the Insurer If you are in any doubt as to what constitutes a material fact you should consult New India Assurance Company Ltd) I/We consent to the seeking of information from other insurers to check the answers I/we have provided, and I/we authorise the giving of such information for such purposes. I/We agree that if any information has been given by any person other than myself/ourselves that person is my/our agent for that purpose. Date Signature(s) of Proposer(s) Please return this form to: New India Assurance Company Ltd. 3rd Floor, Crown House, Crown Street, Ipswich, Suffolk IP1 3HS Print Full Name Position in company Agent

12 Basic Cover continued Section 6 Liability to Others Considerable claims for damages can be incurred in respect of legal liability for: (1) bodily injury (including death, disease or wrongful arrest) to persons (other than Employees), (2) damage to property, trespass, nuisance or interference with the rights of other people, (3) defective Premises, (4) death, bodily injury or disease of Employees in the course of their employment, Your Policy provides cover for these as follows: Limit of Liability (a) Liability as described in (1), (2) and (3) above... 2,000,000 (b) Liability as described in (4) above... 10,000,000 (except in respect of an act of Terrorism where the limit is reduced to 5,000,000 any one event in respect of Employers Liability) Note: Injury and damage caused by the products you sell are covered, but the consequences of any breach of professional duty or the use or supply of drugs, chemicals, medicines or other preparations, non proprietary animal foods, seeds, fungicides, fumigants, insecticides, fertilisers or pesticides are excluded. 7

13 Optional Covers You may add to the Basic Cover all or any of the following Sections: Section 7 Buildings If you own the Premises you occupy or are obliged to insure them under a lease agreement, this Section will provide cover for damage to the buildings caused by: Fire, explosion and lightning; Storm, flood or escape of water from water systems; Riot and other disturbances but not in Malicious damage Northern Ireland; Aircraft and earthquake; Impact by road or rail vehicles; } Breakage or collapse of radio or television aerials; Escape of oil used for central heating Accidental damage by falling trees Additionally this Section provides for: the cost of removing the debris after a loss; architects and surveyors fees incurred in reinstating the building; the additional costs incurred, following a loss, to comply with Local Authority regulations. Section 8 Deterioration of Stock If a refrigerator or deep freeze unit breaks down or is damaged you may lose a valuable stock of food. This Section covers such eventualities up to the amount you choose. Section 9 Loss of Licence If you have a licence to sell alcohol, it is probable that the value of the Business would drop if that licence were to be revoked, suspended, forfeited or renewal refused. This Section covers you for the reduction in the value of the Business, provided that the licence is lost for reasons beyond your control. Requests for amounts in excess of 50,000 may necessitate a separate proposal. Ask your insurance adviser or local New India office. 8

14 Optional Covers continued Section 10 Accidental Damage to Business Equipment The cover, under Section 1 - Contents, can be extended to include accidental loss of or damage to specified items of Business Equipment. If required, please indicate on the Proposal form. Section 11 Goods in Transit This Section provides cover for your goods whilst in transit up to a selected amount per vehicle, including loading and unloading. Section 12 Theft by Employees You may lose money or other property through the dishonesty of an employee and not discover the loss for some time. This Section will cover those losses up to a limit of 10,000. Higher limits can be obtained but this may entail a separate proposal. Section 13 Legal Expenses Cover is for legal costs and expenses incurred in the pursuit or defence of legal rights in or out of court in relation to employment disputes, Data Protection Act, customer disputes for goods or services in the range 200 to 5,000, criminal prosecution defence, property, landlord/tenant disputes and statutory licences up to 50,000 any one claim. In addition Tax and V.A.T. disputes and Directors Protection Cover are included up to 25,000 any one claim. Attendance expenses as witness or juror up to 100 per employee per day subject to a maximum of 1,000 are included for unrecoverable wages/salaries, subject to the overall limit for the Section to which the attendance relates. This section is administered by ARAG plc under a binding authority agreement with Brit Syndicate 2987 at Lloyd s (BSL) (written under unique market reference B0356KA233D12A000 or replacement thereof). BSL s liability is several and they are liable for their proportion of liability in respect of this section only and have no liability for any other insurer s proportion or in respect of any other cover part of this policy. 9

15 Other Insurances Payment by Instalments Annual premiums may be paid by monthly direct debit. If you would like details, please answer the appropriate question on the proposal form. Only available if the annual premium exceeds 1,200. Terms and Conditions The cover that we have described is only a summary. For full details of the terms, exceptions and conditions, please ask for a specimen of the policy. The law applicable to this contract The parties to this contract have the right to choose the law that should apply. New India propose to apply English law except for those customers who at inception of the contract are domiciled:- i) in Scotland where Scots law will apply or ii) in Northern Ireland where the law of Northern Ireland will apply. In the absence of any written agreement to the contrary, the appropriate law as detailed above will apply 10

16 THE NE W IN DIA ASSURA N CE C O. LTD. THE NEW INDIA ASSURANCE COMPANY LTD. 3rd Floor, Crown House, Crown Street, Ipswich, Suffolk IP1 3HS Tel: Fax: (4/2014)