Business Insurance
Self Employed Policy Summary
Commercial Claims 0345 125 8859
ThisisasummaryofthecoveravailableunderthePostOficeMoney® Business
Insurance-SelfEmployedpolicy.Itdoesnotincludeallthepolicybeneits,limitsand
exclusions. Full terms and conditions can be found in the policy wording, a copy of
which is available from your agent. The policy is an annual insurance contract
underwrittenbyAgeasInsuranceLimited.
The premium charged for this policy is based on the total number of persons working in the business, as declared to us by you.
The maximum number of persons allowed under the policy is:
• 10duringtheirstperiodofinsurance,or
• 15duringanysubsequentperiodofinsurance.
For manual trades, up to six clerical workers are allowed in addition and free of charge.
Public and Products Liability is a compulsory cover. The following optional covers are available in addition:
• Employers’Liability
• ToolsAllRisksandStockinTransit
• ContractorsAllRisks
• LegalExpenses–pleaserefertotheseparatePostOficeMoney® Business Insurance - Business Legal Guard policy summary for further
detailsofthesigniicantfeaturesandbeneitsandsigniicantorunusualexclusionsorlimitations
• PersonalAccident
• MaterialDamage
• BusinessInterruption(providedMaterialDamagecoverisselected).
If you have selected any of the optional covers, they will be shown as being operative on the schedule.
Significant Features and Benefits
Standard Cover
Public and Products Liability
The following extensions are automatically included:
• IndemnitytoPrincipal
• IndemnitytoDirectors,PartnersandEmployees
• CrossLiabilities
• TemporaryEmployees(providedEmployers’Liabilitycoverisselected)
• ContractualLiability
• Legaldefencecostsforliabilityincurredunder:
–CorporateManslaughter&CorporateHomicideAct2007
–HealthandSafetyatWorkAct1974
–FoodSafetyAct1990
–ConsumerProtectionAct1987
• DataProtectionAct1998
• DefectivePremisesAct1972
• Leased,HiredorRentedPremises
• MotorContingentLiability
• WrongfulArrest
• OverseasPersonalLiability
• TemporaryOccupationofBuildings
• TemporaryWorkOverseas
• TreatmentRisk(certaintradesonly)
• CourtAttendance
• Pollution
• Terrorism
• Useofbona-idesubcontractors
Limits
Selectfrom£1,000,000,£2,000,000or£5,000,000
(certaintradesaresubjecttoa£2,000,000maximum
limit)
Uptosixmonths
£500perday(£250foremployees)
£1,000,000
£2,000,000orthePublicandProductsLiabilitylimitof
indemnity whichever is the lower
Annualpaymentsupto25%ofpolicyholder’sannual
turnover
Optional Covers
Limits
Employers’ Liability
The following extensions are automatically included:
• IndemnitytoPrincipal
• IndemnitytoDirectors,PartnersandEmployees
• CrossLiabilities
• Legaldefencecostsforliabilityincurredunder:
–CorporateManslaughter&CorporateHomicideAct2007
–HealthandSafetyatWorkAct1974
• UnsatisiedCourtJudgments
• TemporaryEmployees
• TemporaryWorkOverseas
• Terrorism
• CourtAttendance
£10,000,000
Uptosixmonths
£5,000,000
£500perday(£250foremployees)
OptiontoincludecoverforInjurytoaWorkingPartnerorProprietorwherethe
companystatusisSoleProprietororPartnership.
Tools All Risks and Stock in Transit
SingleItemLimit£1,000
2
Selectfromalimitof£1,500,£2,500or£5,000per
person
Business Self Employed Policy Summary
Optional Covers
Limits
Contractors All Risks
Selectalloranyofthefollowing:ContractWorks,OwnPlantandEquipmentor
Hired-inPlantandEquipment
The following extensions are automatically included:
• ProfessionalFees
• RemovalofDebris
• Re-drawingPlansandDocuments
Upto£25,000anyoneloss/£5,000anyoneitem
Contract Works
The following extensions are automatically included:
• FreeIssueMaterials
• SpeculativeDevelopment(PrivateDwellingsOnly)
• MaintenancePeriod
• IndemnitytoPrincipal
• PublicAuthorities
• ExpeditingExpenses
• ContractPriceIncrease
• OffsiteStorage
Own Plant and Equipment
CoverforImmobilisedPlantisautomaticallyincluded
Hired-in Plant and Equipment
The following extensions are automatically included:
• ContinuingHireCharges
• NegligentBreakdown
• ImmobilisedPlant
Personal Accident(24HourOperativeTime/GroupBasis)
Availableforproprietors,partners,workingdirectorsandpermanentemployees
The following extensions are automatically included:
• MedicalExpenses
• HospitalisationBeneit
• Disappearance
• TemporaryWorkOverseas
• PersonalRepresentatives
Material Damage
SelecteitherBusinessContentsorStockorboth.
• BusinessContents(atthepremises)
- Computerequipmentislimitedto£5,000orthesuminsuredwhichever
is lower
• Stock(atthepremises)
• Money(automaticallyprovidedonselectionofeitherBusinessContentsor
Stock)
The following extensions are automatically included:
• RemovalofDebris
• OtherInterestedParties
• ProfessionalFees
• NonInvalidation
• Workmen
• FireExtinguishmentExpenses
• ParentandSubsidiaryCompanies
• TemporaryRemovalofBusinessContents
• Exhibitions,TradeShowsorConferences
• TheftbyDirectors,PartnersorEmployees(Money)
COM127 Feb 2016
Upto£500,000maximumvalueanyonecontract
12months
Upto15%
Upto£25,000
Upto20%ofthecontractvalue
Upto25%ofthecontractvalueor£125,000whichever
is lower
Upto£25,000maximumlimitanyoneclaim
Upto£50,000maximumlimitanyoneclaim
Upto£25,000anyonehireagreement/£5,000anyone
item
Upto£25,000anyoneloss/£5,000anyoneitem
Upto5unitsperpersonavailablewith1unitcovering:
Beneit1-£100Weeklybeneitforupto104weeks
Beneits2,3or4-£10,000Lumpsum
15%ofBeneit1and5%ofBeneits2,3or4
£30perday
Uptosixmonths
Selectablelimitsupto£20,000
Selectablelimitsupto£10,000
£1,000-Intransitorinasafe
£500-Athomeoroutofasafe
Upto£2,500
Upto25%ofBusinessContents
Upto50%ofBusinessContents
3
Optional Covers
Limits
Business Interruption
SelectfromeitherLossofIncomeorIncreaseinCostofWorking.Amaximum
indemnityperiodof12monthsappliesasstandardbutindemnityperiodsof
18or36monthsarealsoavailable.
Loss of Income
The following extensions are automatically included:
• Accountants’andAuditors’Charges
• Documents
• DenialofAccess
• PublicUtilities
• TemporaryRemoval
• Transit
• Diseases,poisoning,vermin,defectivedrains,murderorsuicide(maximum
indemnityperiodforthisextensionisthreemonths)
• Exhibitions,TradeShowsorConferences
• BookDebts
• Customers
• Suppliers
Increase in Cost of Working
The following extensions are automatically included:
• Accountants’andAuditors’Charges
• Documents
• BookDebts
4
Selectablelimitsupto£150,000
Upto25%ofLossofIncome
Upto£5,000
Upto£5,000
Upto£5,000
Selectablelimitsupto£50,000
Upto£5,000
Business Self Employed Policy Summary
Significant or Unusual Exclusions or Limitations
Notalloftheexclusionsandlimitationsapplicabletothepolicyareshownbelow–pleaserefertothepolicywordingandscheduleforfull
details.
Section or Sub-section
Exclusion or limitation
Liability
• Thenumberofdaysworkedbyalltemporaryemployeesasacombinedtotalmustnotexceed50during
the period of insurance
• Anyincreaseinthenumberofpersonsshownontheschedulemustbedeclaredwithin30daysofthe
changeorbytherenewaldatewhicheveristheearlier.Incertaincircumstancesnotiicationmustbeonthe
dateoftheincrease(pleaserefertopage24ofthepolicywordingforfulldetails)
• ManualworkoutsideofEuropeisexcluded.Thedurationofworkoverseasmustnotexceedsixmonths
during the period of insurance and cover only applies to a policyholder or employee normally resident in
England,Scotland,Wales,NorthernIreland,theChannelIslandsortheIsleofMan
• Waterdiversion,piledriving,underpinningortheuseofexplosives,cradlesortowercranes
• Demolitionorpartialdemolitionthatisnotpartofacontractforerection,re-construction,alterationor
repairorthatinvolvesbuildingsorstructuresexceeding15metresinheightfromgroundlevelorwhichis
undertaken by subcontractors
• Certainhazardouslocationsareexcluded(pleaserefertopages24ofthepolicywordingfordetails).
Public and Products
Liability
• Damagetopropertyworkedonwherethedamageisasadirectresultoftheworkundertaken
• Damagetopropertyheldintrustorbelongingto,orinthecustodyorcontrolofthepolicyholder
• Productsliabilityarisingfromorinconnectionwithproductssuppliedwhilstinthecustodyorcontrolofthe
policyholder
• Publicliabilityarisingfromorinconnectionwithproductssuppliedaftertheyhaveceasedtobeinthe
custody or control of the policyholder
• Costsofmakinggooddefectivework
• Costsofrecalling,removing,repairing,rectifying,replacing,reapplyingorguaranteeingproductssupplied
• Liquidateddamages,inesorpenalties,exemplary,punitiveormultiplieddamages
• ProductsknowinglysupplieddirectlyorindirectlytotheUnitedStatesofAmericaoranyterritorywithinits
jurisdictionortoCanada
• Treatmentrisk(unlessspeciicallyincludedbyendorsementtotheschedule)
• Useofvehiclesorplantincircumstanceswhereinsuranceorsecurityisrequiredunderroadtrafic
legislation
• Defectivedesign,plan,formulaorspeciicationofproductssuppliedoroutoftechnical,professionalor
remedial instruction or advice if given for a fee or if a fee would normally be charged or a failure to give
advice or treatment or any lack of professional skill
• Pollution(unlesssudden,identiiable,unintendedandunexpected)
• Conditionsapplywheretheapplicationoruseofheatatcontractsitesisallowed(pleaserefertopage2122ofthepolicywordingfordetails).
Employers’ Liability
• Injuryforwhichinsuranceorsecurityisrequiredunderroadtraficlegislation
• Useofwood-workingmachinery(otherthanfret-saws,lathes,boringmachines,sandingmachinesor
mechanicallydrivenportabletoolsheldandappliedtotheworkbyhand).
COM127 Feb 2016
5
6
Section or Sub-section
Exclusion or limitation
Tools All Risks and
Stock in Transit
•
•
•
•
•
Contractors All Risks
•
•
•
•
Contract Works
• Defectiveworks
• DamagetothecontractworksoranypartofthemforwhichaCertiicateofPracticalCompletionhasbeen
issued or which have been taken into use or handed over to the employer or purchaser or occurring after
thecontractworkshavebeencompletedpendingsaleotherthanasotherwisespeciied
• Damagetoexistingstructures.
Own Plant and
Equipment/Hired-in
Plant and Equipment
• Mechanicalorelectricalbreakdown(exceptasotherwiseprovidedundertheNegligentBreakdown
extensionforHired-inPlantandEquipment)
• Damagetotyresunlessvehicle/plantalsodamaged
• Theftorattemptedtheftbyemployees
• Damagetoplantorequipmenthiredorloanedouttoothers
• Theftorattemptedtheftofplantandequipmentfromanunattendedvehiclebetween21:00hrsand
06:00hrs,unlessthevehicleissecurelylockedandstoredineitheralockedandsecurebuildingorparked
in a secure compound
Theftorattemptedtheftofunattendedmechanicallypropelledplant(orvehiclesusedastoolsoftrade)
between21:00hrsand06:00hrsunlesstheplantorvehicleissecurelylockedandstoredinalockedand
secure building or parked in a secure compound*
Atanyothertime,theftorattemptedtheftofunattendedplantandequipmentunlesskeptina:
–lockedandsecurebuilding,or
–securecompound,or
–securelylockedvehicle*
• Damagetoanymechanicallypropelledplant/vehiclelicensedforroaduse(unlessitisnototherwise
insured and, at the time of damage, is being used as a tool of trade on the site of a contract or is being
carriedtoorfromsuchsite)
• Damagetoanymechanicallypropelledplant/vehiclebeingusedinamannerforwhichinsuranceor
securityisrequiredunderroadtraficlegislation
* PleaserefertotheConditionsPrecedenttoLiabilityonpages30ofthepolicywordingforfulldetailsofthe
securityrequirements.
Mechanicalorelectricalbreakdown
Fraud,dishonestyorcollusion
Theftorattemptedtheftfromanunattended,openorsoft-toppedvehicleoropenorcurtain-sidedvehicle
Theftorattemptedtheftfromanygarden,yardoropenspaceoranyunoccupiedbuilding
Theftorattemptedtheftthatisnotaccompaniedbyforcibleandviolententrytoorexitfromavehicleor
building or actual or threatened assault or violence or use of force
• Theftorattemptedtheftwhenleftunattendedunlessstoredinalockedandsecurebuildingorasecurely
locked vehicle*
• Theftorattemptedtheftbetween21:00hrsand06:00hrswhenleftinanunattendedvehicleunlessthe
vehicle is securely locked and stored in a locked and secure building or parked in a secure compound*
• Damagetoanypropertycarriedforhireorreward
• Toolshiredoutorloanedtoothers
* PleaserefertotheConditionsPrecedenttoLiabilityofonpage27ofthepolicywordingfordetailsofthe
securityrequired.
Damageforwhichthepolicyholderisrelievedofresponsibilityunderanycontractualagreement
Fraud,dishonestyorcollusion
Liquidateddamages,inesorpenalties
Contractsinvolvinghazardousactivitiesorlocations(pleaserefertotheExclusionstotheContractorsAll
RisksSectiononpages31ofthepolicywordingfordetails).
Business Self Employed Policy Summary
Section or Sub-section
Exclusion or limitation
Personal Accident
• Excludestemporaryemployees,labouronlysubcontractors,personsonaworkexperienceplacementor
volunteers
• Useofwood-workingmachinery(otherthanfret-saws,lathes,boringmachines,sandingmachinesorany
othermechanicallydrivenportabletoolsheldandappliedtotheworkbyhand)
• 14daydefermentperiodappliestoBeneit1
• Criminalordeliberateacts
• Activeserviceinthearmedforces
• Anypre-existingdefect,inirmity,conditionorillness
• Participationinsportforinancialgain
• Useofdrugs,controlledsubstancesoralcohol
• Certainhazardouspursuitsandactivitiesareexcluded(pleaserefertopage33ofthepolicywordingfor
details)
• Anaccumulationlimitof£1,000,000applies.
Material Damage
•
•
•
•
Money
• Moneythatisnotheldforbusinesspurposes
• Theftbyorlossduetothefraudordishonestyofanyemployeeordirectorwhichiscoveredbyanyother
insurance policy
• Theftbyorlossduetothefraudordishonestyofanyco-director,otherpartneroremployeethatisnot
discovered within seven days of the event
Business Interruption
• MaterialDamageSectionofthepolicymustbeinforce
• LossofIncome-failureinpublicutilitylastinglessthan24hours
• LossofIncome-InterruptionorinterferenceduetoDiseases,Poisoning,Vermin,DefectiveDrains,Murder
orSuicidelastingformorethanthreemonths.
Mechanicalorelectricalbreakdown
Fraud,dishonestyorcollusion
Theftorattemptedtheftfromanunattendedvehicle
Theftorattemptedtheftthatisnotaccompaniedbyentrytoorexitfromabuildingbyforcibleandviolent
means or actual or threatened assault or violence or use of force
• Theftorattemptedtheftfromanygarden,yardoropenspaceoranyunoccupiedbuilding
• Theftorattemptedtheftbyanyemployeeorotherpersonlawfullyinthebuilding
• Minimumsecurityandireextinguisherrequirementsapplytoownpremises.
•
•
(Someoftheseexclusions •
do not apply to the whole •
policy - please refer to
•
the policy wording for
•
furtherdetails)
•
•
•
General Exclusions
COM127 Feb 2016
Excessesapplicabletothesectionorsub-section
Asbestos
RadioactiveContamination
War
NorthernIreland(otherthanasotherwiseprovidedinthepolicywording)
Terrorism(otherthanasprovidedundertheLiabilitySection)
ElectronicRisks
Pollution(otherthanasotherwiseprovidedinthepolicywording)
Injury,lossordamageoccurringoutsidetheTerritorialLimitsapplicabletoeachcoversection(unless
otherwisestated).
7
Cancellation
Duringtheirstperiodofinsurance,youhavetherighttocancelthis
policywithin14daysofreceiptofthepolicywordingandschedule,or
the inception date of this policy whichever is the later, by writing to us
oralternativelybycontactingGallagherHeathtoconirmcancellation.
Pleaserefertopage15ofthepolicywordingforfulldetailsofthe
cancellation procedure.
How to make a claim
If you need to make a legal expenses claim and this section is shown
as being operative on the schedule, please refer to the separate Post
OficeMoney®BusinessInsurance-BusinessLegalGuardpolicy
wording for details. For all other claims please contact our commercial
claims department on 0345 125 8859.Thelineisopen24hoursa
day,365daysayear.Alternatively,youcanwritetousatCommercial
ClaimsDepartment,AgeasInsuranceLimited,AgeasHouse,The
Square,GloucesterBusinessPark,Brockworth,Gloucestershire,GL3
4FA.Pleaserefertopage5ofthepolicywordingforfulldetailsofthe
claimnotiicationprocedure.
If we cannot resolve the differences between us, you may refer your
complainttotheFinancialOmbudsmanServiceif:
• youhaveanannualturnoveroflessthanEUR2millionandfewer
than10employees,and
• ifforanyreasonyouarestilldissatisiedwithourinalresponse,or
• ifwehavenotissuedourinalresponsewithineightweeksfrom
youirstraisingthecomplaint.
YoucancontacttheFinancialOmbudsmanServiceatExchangeTower,
London,E149SRhowevertheywillonlyconsideryourcomplaintonce
you’vetriedtoresolveitwithus.Alternatively,moreinformationcanbe
foundatwww.inancial-ombudsman.org.uk.Followingthecomplaints
procedure does not affect your rights to take legal proceedings.
Financial Services Compensation Scheme
Shouldwebeunabletomeetourliabilitiesyoumaybeentitledto
compensationfromtheFinancialServicesCompensationScheme.
FurtherinformationisavailablefromtheFinancialServices
CompensationScheme.Theirtelephonenumberis0800 678 1100
or 020 7741 4100.Alternatively,moreinformationcanbefoundat
www.fscs.org.uk.
What to do if you have a complaint
Shouldthereeverbeanoccasionwhereyouneedtocomplain,wewill
sortthisoutasquicklyandfairlyaspossible.
If your complaint is about the way this policy was sold to you, please
contacttheCustomerServiceManager,GallagherHeathInsurance
Services,SuffolkHouse,GeorgeStreet,Croydon,CR01PEtoreport
your complaint. If you have a complaint regarding your claim, please
telephone us on the number shown in your claims documentation.
Alternatively,forclaimsoranyothertypeofcomplaint,youcanalso
writetotheCustomerServicesAdviseratAgeasInsuranceLimited,
AgeasHouse,HampshireCorporatePark,TemplarsWay,Eastleigh,
Hampshire,SO533YAoremailusthroughourwebsiteatwww.ageas.
co.uk/complaints.
Ageas Insurance Limited
Registered office address
AgeasHouse
HampshireCorporatePark
TemplarsWay
Eastleigh
SO533YA
PostOficeMoney®isaregisteredtrademarkofthePostOfice
andusedunderlicencebyArthurJ.GallagherInsuranceBrokers
Limited.PostOficeMoney®BusinessInsuranceisunderwritten
by a selected range of insurers and is arranged and administered
byArthurJ.GallagherInsuranceBrokersLimitedwhichis
authorisedandregulatedbytheFinancialConductAuthority.
RegisteredOfice:SpectrumBuilding,7thFloor,55Blythswood
Street,Glasgow,G27AT.RegisteredinScotland.Company
Number:SC108909.
RegisteredinEnglandandWalesNo354568
AgeasInsuranceLimitedisauthorisedbythePrudential
RegulationAuthorityandregulatedbytheFinancial
ConductAuthorityandthePrudentialRegulation
Authority,FinancialServicesRegisterNo202039.
COM127Feb2016