August 2004
2004 Summary of Insurances
Heriot-Watt University & Subsidiary
Companies
Marsh Ltd
Orchard Brae House
30 Queensferry Road
EDINBURGH, EH2 4HS
Telephone – 0131 311 4200
Facsimile – 0131 343 6667
Marsh Ltd
Registered Number: 1507274 England
Registered Office 1, Tower Place West
London EC3R 5BU
Marsh Ltd is a member of the
General Insurance Standards Council
Summary of Insurances
Heriot-Watt University
Contents
1. Important Notice ............................................................................................................4
2. Reminder of the duty of disclosure to insurers and duty of utmost good faith .............5
3. Marsh Contacts ..............................................................................................................7
4. Claims Guidelines ..........................................................................................................8
5. Insured and Description of Business..............................................................................9
6. Property Damage .........................................................................................................11
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All Risks Section....................................................................................................15
Business Interruption Section ................................................................................17
Money Section .......................................................................................................19
Employers Liability Section ..................................................................................22
Public and Products Liability Section ....................................................................24
Fidelity Section ......................................................................................................26
Loss of Liquor Licence Section .............................................................................28
Personal Accident and Travel Seciton ...................................................................29
7. Excess Employers Liability & Excess Public & Products Liability ............................33
8. Edinburgh Conference Centre Public & Products Liability .......................................35
9. Engineering Combined ................................................................................................38
10. Electrical Wiring Inspection ........................................................................................40
11. Computer......................................................................................................................42
12. Hired in Plant ...............................................................................................................46
13. Motor Fleet...................................................................................................................48
14. Marine Combined ........................................................................................................50
15. Marine Craft .................................................................................................................53
16. Professional Indemnity ................................................................................................56
17. Directors & Officers ....................................................................................................58
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
2
Summary of Insurances
Heriot-Watt University
18. Pension Trustee Liability .............................................................................................61
19. Appendix A - Explanations of Terminology ...............................................................65
20. Appendix B - Drivers Questionnaire ...........................................................................71
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
3
Summary of Insurances
Heriot-Watt University
1
Important Notice
This summary provides an outline of your insurance programme. It does not cover all of
the terms, conditions, exclusions and limitations of your policy(ies) and is not to be
regarded as a substitute for your policy(ies) which you should study carefully upon
receipt.
In particular, reference to “main” or “principal” or “special” (additional) conditions or
exclusions should be treated with caution as items contained therein do not, and are not
intended to, constitute a complete inventory of the relevant policy section.
If you require full details of cover or of the terms and conditions of a particular insurance
you should refer to the policy or contact the relevant personnel at Marsh Ltd.
This is a summary of the insurance(s) placed by Marsh Ltd and does not attempt to
identify risks, which are not insured.
Marsh Ltd conducts its insurance broking business on terms that are set out in the
document Our Business Principles and Practices. This may be viewed on our website
http://www.marsh.co.uk/aboutmarsh/principles.html.
Overleaf is an extract from that document that details the duty of disclosure and utmost
good faith.
-----------------------------------------Client Executive
---------------------------Date
SCOTT BROWN
-----------------------------------------Print name
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
4
Summary of Insurances
Heriot-Watt University
2
Reminder of the duty of disclosure to insurers
and duty of utmost good faith
The law in the United Kingdom deems insurance to be a special class of contract which
imposes onerous duties upon prospective insureds and their agents, who are obliged to act
with utmost good faith towards insurers at all times. In addition they are obliged to
disclose to insurers, before the contract is concluded, all ‘material’ information which is
known to them. The obligation of disclosure is not limited to material information of
which they are aware; it extends to those matters of which they ought to be aware in the
ordinary course of their business.
At present, English Law states that all information or every circumstance is material if it
‘would influence the judgement of a prudent insurer in fixing the premium or determining
whether he will take the risk’. Information may be deemed to influence the judgement of
a prudent insurer and be material even if it would not necessarily have led him to decline
the risk or to have set an increased premium. What matters is that he would have
reasonably taken the information into account. Scottish law follows the English law test
of materiality in all types of insurance except life insurance. If there is any doubt whether
information is material it ought to be disclosed to insurers.
If there is any breach of the duty to act with utmost good faith or failure to disclose any
material information to insurers, the insurers will be entitled to avoid the policy of
insurance from inception if the breach induced the making of the contract on the relevant
terms. In effect this means they would be entitled to act as if the policy had never existed
and to seek recovery of all claims already paid under that policy, although they would be
obliged to repay the premium in most circumstances.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
5
Summary of Insurances
Heriot-Watt University
Changes in risk after inception
The duties of utmost good faith and disclosure also apply to the claims process and to any
situations during the period of the policy in which the insured is required, under the terms
of the policy or otherwise, to provide information to insurers including the extension or
amendment or renewal of any policy.
Proposal forms and other documentation
In completing a proposal, renewal questionnaire or claim form, or other document
relating to an insurance policy, the accuracy of all answers, statements and/or information
is the insured’s sole responsibility.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
6
Summary of Insurances
Heriot-Watt University
3
Marsh Contacts
Your Service Team contact details:
Client Executive
Office:
Fax:
Mobile:
Email:
Scott Brown
0131 311 4205
0131 343 6667
07770 398017
Scott.brown@marsh.com
Office:
Fax:
Email:
Lynsey Stevenson
0131 311 4122
0131 343 6667
Lynsey.stevenson@marsh.com
Office:
Fax:
Email:
Julia Paterson
0131 311 4211
0131 343 6667
Julia.paterson@marsh.com
Client Advisor
Claims Executive
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
7
Summary of Insurances
Heriot-Watt University
4
Claims Guidelines
Details of your claims procedure can be found either in the appendices of this document,
or in a separate claims procedure manual which will have been provided. Please
remember that you must:
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Notify the Insurer or your Claims Adviser as soon as you become aware of a claim or
a circumstance or event which could give rise to a claim under any of your insurance
policies.
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Notify the police or similar appropriate authority following break-in, loss of stolen
property, riot etc.
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NEVER admit liability or make an offer to make a payment to third-parties.
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Pass on any third-party communication to us and / or your Insurer IMMEDIATELY
and UNANSWERED.
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When making a claim it is your duty to disclose all material facts to the insurer(s).
Failure to disclose all material facts could prejudice your rights to make a claim.
If you are in any doubt about what to do, please telephone us, as we are anxious to ensure
that your claims are settled as quickly as possible and to your maximum benefit.
Please be aware that some policies contain a requirement that claims be notified to
insurers within a given period, and that a written claim be submitted within a specified
period thereafter. Failure to do so may prejudice the claim, or even cause insurers to
repudiate liability altogether. Please read the Claims Conditions of your policy carefully
and refer to the claims procedures.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
8
Summary of Insurances
Heriot-Watt University
5
Insured and Description of Business
Your policies, unless otherwise stated on the following pages, are in the name of:
Heriot-Watt University & Subsidiary Companies
Description of business
University – Teaching and Research
Subsidiary /Associated Companies
Edinburgh Business School
Heriot Watt Trading Ltd
Heriot Watt Properties Ltd
Heriot Watt Sports Village Ltd
Edinburgh Conference Centre Ltd
Scot Innovation and Development
Scottish Directors Centre
Interactive University Ltd
Scottish College of Textiles Ltd
Integrated Language Services
Pipeline Technology Centre
Rock Mechanics
Edinburgh Surface Analysis
Technology Unit
Advanced Manufacturing Unit
Alterations to description of business
It is very important that you advise any alterations to the preceding description of
business, or indeed of any aspect which may increase the original risk including
acquisitions or disposals, adoption or cessation of processes or systems.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
9
Summary of Insurances
Key Contact
Heriot-Watt University
Name
Company
Address
Phone:
Fax:
Email/Internet:
Mrs Lorraine Loy
Heriot-Watt University
Riccarton Campus,
Edinburgh ERH4 4AS
0131 451 8087
0131 449 5153
l.loy@hw.ac.uk
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
10
Summary of Insurances
Heriot-Watt University
6
Property Damage
Insurer
Royal & Sun Alliance
Policy number
949KX00005
Period of Insurance
1 August 2004 to 31 July 2005
Cover
Basis of
Cover
Property
Insured
Fire, explosion, lightning, earthquake, theft or attempt thereat, riot,
malicious damage, burst pipes, leakage of oil from fixed heating
apparatus, storm, flood, falling trees, impact, aircraft and accidental
damage
Buildings
Contents/Machinery & Plant
Reinstatement
Reinstatement
Buildings (declared value including Debris Removal
Residential
Non-residential
Machinery, plant & all other contents
Professional Fees (first loss) £4,000,000
£46,838,800
£146,301,000
£63,763,527
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
11
Summary of Insurances
Summary of
Exclusions
Heriot-Watt University
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.
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Electronic Risks Exclusion.
Theft which does not involve entry to or exit from a locked building or
room by forcible and violent means, or actual or threatened assault or
violence.
Faulty or defective design, material or workmanship, inherent vice,
latent defect, gradual deterioration, wear and tear, frost, change in
water table level.
Explosion of steam boilers.
Collapse or cracking of buildings.
Corrosion, rust, change in temperature, wet or dry roe, shrinkage,
evaporation, loss of weight, contamination, change in colour, flavour,
texture or finish, vermin, insects, marring or scratching.
Disappearance, unexplained or inventory shortage, misfiling or
misplacing of information.
Cracking, fracturing, collapse or overheating of boilers etc.
Mechanical or electrical breakdown or derangement of machinery or
equipment.
Theft of property in the open
Subsidence, ground heave or landslip
Escape of water from any tank, apparatus or pipe or malicious damage
from any unoccupied buildings.
Jewellery, precious metals, precious stones and the like.
Vehicles licensed for road use.
Property/structures in the course of erection other than structures
intended for occupation by the insured, which do not exceed a contract
price of £ 500,000 in total.
Marine risks
Pollution or contamination
Loss of or damage to Computer equipment
Damage to playing fields
And as per policy.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
12
Summary of Insurances
Summary of
Conditions
Heriot-Watt University
The following summarises the principal conditions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details
Orkney Residences – services to be disconnected when premises are
unoccupied for 30 days or more.
Extensions
The following summarises the principal extensions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details.
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Definitions
Temporary removal clause
Automatic reinstatement of sum insured.
Definition of Buildings includes car parks, roads, pathways and street
furniture the property of the insured – accidental damage cover does
not apply. Cover does not apply to playing fields and the like. Cover
for car parks, roads, pathways and street furniture is restricted to
“Defined Perils” only
Buildings in the course of erection, up to a maximum contract value of
£500,000. Cover is restricted to “Defined Perils” only
Replacement Locks following Theft of keys- £2,500 limit.
Day-one uplift – 20%
Loss or damage to directors’ partners’, employees’ and students’
personal effects up to £500 per person. An excess of £250 applies to
this extension.
Mortgagee’s interest
A waiver of subrogation applies for the benefit of Heart of Midlothian
as tenants of the Sports Village at Riccarton. Insurers retain their
rights of subrogation in the event of damage resulting from the
fraudulent, criminal or malicious act of any tenant.
Defined Perils are fire, lightning, explosion, earthquake, aircraft or other
aerial devices or articles dropped therefrom, riot, civil commotion, strikers,
locked-out workers, persons taking part in labour disturbances, malicious
persons other than thieves, storm, flood, escape of water from any tank
apparatus or pipe, impact by any road vehicle or animal and theft.
Accidental damage is NOT insured.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
13
Summary of Insurances
Excess
Heriot-Watt University
The following summarises the Excesses applying to your policy
£5,000 combined with Business Interruption. An aggregate cap of
£50,000 applies. If the cap is breached in any one period the excess
reduces to £250 for the remainder of the period.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
14
Summary of Insurances
Heriot-Watt University
ALL RISKS SECTION
Cover
“All risks” of loss or damage, other than exclusions noted in the policy.
Property
Insured
As per list of specified items held by the Insurers
Summary of
Exclusions
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.
Loss of or damage to equipment whilst being used underwater
Summary of
Conditions
The following summarises the principal conditions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details
Vehicle Security Requirements: 
Theft cover from unattended vehicles subject to:a) All doors and windows and other openings being left closed,
securely locked and properly fastened and
b)
Restriction
In Cover
Entry or access to the vehicle being effected by forcible and
violent means.

Overnight Requirement
Theft excluded in respect for vehicles unattended for the night,
unless the security requirement noted above is complied with, and
is either garaged in a building which is securely closed and
locked, or parked in a compound with securely locked gates.

Subject to annual declaration of temporary additional items, which
have not been specified.
Videotapes, films and similar property are insured for the cost of
replacing materials only and no cover applies for reproducing
information recorded thereon, or for the value of such information.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
15
Summary of Insurances
Excess
Heriot-Watt University
The following summarises the Excesses applying to your policy
£250 each and every loss
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
16
Summary of Insurances
Heriot-Watt University
BUSINESS INTERRUPTION SECTION
Loss of Gross Revenue including payroll and auditor’s charges as a result
of loss or damage to the premises arising from a peril insured under the
Property Damage section of cover.
Cover
Sums Insured Annual Gross Revenue including payroll
Additional increased cost of working
Annual Gross Rentals payable by HWU at
Heriot-Watt Research Park
Indemnity
Period
£9,000,000
£3,000,000
£117,033
24 months for Gross Revenue and Additional Increased Cost of Working
36 months for Gross Rentals
Definition
Gross Revenue Definition:
All revenue received by the University in respect of:  Income other than Grants and Fees
 Consultancy Fees
 Catering and Residences (excluding income from food, laundry and
variable heating and lighting costs.)
 Income from Sports Centre
Note – Claims for loss of Gross Revenue and Additional Increased Cost
of Working are only payable for losses in relation to the above items.
Summary of
Exclusions
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.
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Summary of
Conditions
Date Recognition Exclusion
Losses where no cover applies under the Property damage section.
The following summarises the principal conditions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details
In respect of Gross Revenue, the insurers liability will not exceed 133.3%
of the estimated gross revenue or estimated gross rentals, and 100% of
other items insured by this section
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
17
Summary of Insurances
Extensions
Heriot-Watt University
The following summarises the principal extensions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details.
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Denial of Access - £1,000,000 limit
Infectious Diseases, Food or Drink Poisoning, Vermin or Pests,
Defective Drains, Murder or Suicide at the premises. Maximum
indemnity period 3 months - £1,000,000 limit
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
18
Summary of Insurances
Heriot-Watt University
MONEY SECTION
Cover
"All Risks" of physical loss of cash, bank and currency notes, postal
orders, cheques, postage stamps, revenue stamps, holiday with pay
stamps, national savings certificates, premium bonds, luncheon vouchers
and trading stamps, all pertaining to the business and belonging to and
the responsibility of the insured.
Geographical
Limits
Whilst at the premises and whilst in transit within the AK
Limits
 Stamped National Insurance Cards, Crossed
cheques and other non-negotiable monies
 Money in Insured's premises outwith business
hours
 Money in the private dwellinghouse of the
Insured's directors or authorised employees
 Whilst in a locked safe or whilst an adult is in
the residence
 Otherwise
£ 250,000
£
250
£
£
£
500
250
2,000
£
10,000
Ratner Trustee 1711 – Cashiers Office, Lord
Balerno Building, Riccarton
£
15,000
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Stratford SX – Cash Office Block, Riccarton
£
3,000
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£
4,000
£
2,500
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Stratford No 82330 – Catering Block,
Riccarton
Chubb Leamington Size 1, Serial No
BK46064, Reception Area, James Watt
Centre
Chubb Leabank Safe
£
6,500
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Chubb Leabank
£
3,500
 Money in unspecified locked safes on the
premises outwith business hours
 Money on the Insured's premises during business
hours/in transit/in bank night safe
 Money in the Following Locked Safes
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Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
19
Summary of Insurances
Heriot-Watt University
 Estimated annual amount of money in transit
£ 1,250,000
 Any Other Loss
£
Summary of
Exclusions
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.
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Summary of
Conditions
Loss by theft by any employee, director, partner or employee of the
insured not discovered within seven working days of the occurrence
Shortage due to error or omission
Loss from unattended vehicles
Loss due to the use of counterfeit money
Loss or damage not within Great Britain, Northern Ireland, the
Republic of Ireland, the Channel Islands or the Isle of Man.
The following summarises the principal conditions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details

Warranties
10,000
Intruder Alarm Condition
The following summarises the warranties that apply to your policy. Any
breach of a warranty allows the insurer to void the policy.
The following number of able-bodied persons must accompany the transit
of money
Up to £3,000
£3,001 to £6,500
£6,501 to £10,000
£10,001 +
Extensions
1 person
2 persons
3 persons
refer to insurers.
The following summarises the principal extensions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details.

Limit for the Ratner Trustee 1711 safe increased to £30,000 for
September & October.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
20
Summary of Insurances
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Excess
Heriot-Watt University
Personal Accident assault risks covering death or bodily injury to any
director or employee caused by assault or any attempt thereat whilst
on business:
 Death and capital benefits
£20,000
 Temporary total disablement (limit 104 weeks)
£50
per week
Damage to any postal franking machine, safe or strongroom –
unlimited.
Bodily Injury following robbery
Death, Loss of Limb(s), Eye(s) or Permanent Total Disablement £20,000
Temporary Total Disablement - £50 per week for a maximum of 104
weeks
Medical Expenses – 15% of temporary total disablement
Clothing and personal effects belonging to the Insured, directors,
partners or employees whilst engaged in business - £250 per person
The following summarises the Excesses applying to your policy
£250 each and every claim, but reducing to Nil for claims under the
Personal Injury Robbery extension
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
21
Summary of Insurances
Heriot-Watt University
EMPLOYERS LIABILITY SECTION
Cover
Insured’s legal liability following death, injury or disease sustained by
employees of the insured in the course of their employment in the
business.
Geographical
Limits
Within Great Britain, Northern Ireland, the Channel Islands or the Isle of
Man or in respect of employees whilst temporarily working anywhere in
the world on a non-manual basis.
Indemnity
Limit
Offshore
Exclusion
Summary of
Exclusions
£10,000,000 any one incident, unlimited any one period of insurance,
reduced to £5,000,000 in respect of Terrorist Acts
Cover in respect of employees working offshore is specifically excluded
and if there are any employees visiting offshore rigs etc then Insurers
must be notified well in advance and specific insurance cover arranged.
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.
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Extensions
The following summarises the principal extensions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details.
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Premium
Basis
Claims resulting from Terrorist Acts (including ideological and
religious acts) in excess of £5,000,000.
Offshore activities
Contractual Liability
Indemnity to Principals
Legal fees and expenses incurred with the written consent of the
Insurers
Legal costs and expenses awarded against the Insured in prosecution
for an offence under the Health and Safety at Work Act 1974.
The premium is calculated on a deposit basis being adjustable at the end
of each period of insurance based on actual wageroll declared. The
premium is based on the following wages estimates.
All Employees
£36,994,245 (1,702)
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
22
Summary of Insurances
Certificate
Heriot-Watt University
An Employers Liability Certificate of Insurance is issued each year and
this document or a copy should be prominently displayed at each of your
premises in order to comply with the Law.
Furthermore as required by the Employers Liability Compulsory
Insurance (Regulations) 1998 from 1st April 1999 onwards copies of old
Employers Liability Certificates must be retained for a period of not
less than 40 years.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
23
Summary of Insurances
Heriot-Watt University
PUBLIC AND PRODUCTS LIABILITY SECTION
Cover
Insured's legal liability for

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loss of or damage to property not owned by or in the custody or
control of the insured and
death, injury or disease to any person other than employees
happening in connection with the business and including liability arising
from goods sold, supplied, renovated or serviced.
Indemnity
Limits

Public Liability

Products Liability

Pollution Liability

Legionellosis Liability

Legal Defence Costs
£ 10,000,000 any one occurrence and/or
series of occurrences arising out of any one
event and unlimited in any one period of
insurance.
£ 10,000,000 any one occurrence and in all
any one period of insurance.
£ 10,000,000 any one occurrence and in the
aggregate any one period of insurance.
£ 5,000,000 any one occurrence and in the
aggregate any one period of insurance.
£ 250,000 for all costs arising out of all
claims during the period of insurance in
respect of prosecutions under the Health
and Safety at Works Act
Important
Note
The Excess Layer Public and Products Liability insurance provided by ACE
Insurance does not apply in excess of Legionellosis Liability or Legal
Defence Costs.
Summary of
Exclusions
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.
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

Electronic Risks exclusion
Clinical Trials
Liability for provision of medical services
Offshore exposures
Terrorist Acts (including ideological and religious acts)
In respect of the Student Indemnity extension :Excludes damage to the insured’s own property
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
24
Summary of Insurances




Extensions
Excludes any injury or damage arising out of any medical placement
where advice, diagnosis or treatment is provided by a student.
Ownership, possession or use of water-borne craft other than handpropelled or sailing craft in inland or territorial waters.
The costs of remedying the presence of asbestos in the premises.
For mental injury or the fear of suffering bodily injury , disease, death
or illness arising out of actual or suspected exposure to asbestos,
asbestos dust, or asbestos containing materials
The following summarises the principal extensions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details.





Territorial
Limits
Heriot-Watt University
Contractual Liability, where liability would have attached in the
absence of the contract.
Indemnity to Principals
Indemnity to any student of the insured incurred in a personal
capacity in connection with the business - £1,000,000.
Claims made and suits brought in a court in USA/Canada – subject to
an inner limit of £1,000,000 any one event.
Cloakroom Liability - £250 limit any one article. Cloakroom to be
securely locked whilst unattended
Worldwide
Pollution
Cover under this policy includes legal liability in respect of pollution,
which is sudden and accidental. It does not include any pollution, which
is gradual or involves seepage over a period of time.
Excess
The following summarises the Excesses applying to your policy
£1,000 in respect of Damage to Third Party Property
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
25
Summary of Insurances
Heriot-Watt University
FIDELITY SECTION
Limits of
Indemnity
Fidelity
£1,000,000 any one claim.
Third Party Computer and Funds
Transfer Fraud
£1,000,000 any one claim.
Aggregate Limit of Indemnity for
all Claims
£5,000,000
Geographical
Limits
Great Britain, Northern Ireland, the Channel Islands and the Isle of Man
Summary of
Exclusions
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.
A complete Terrorism exclusion applies
Summary of
Conditions
The following summarises the principal conditions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details







Minimum Standards of Control specified in the policy schedule must
be complied with
Accounts to be examined every 12 months by external auditors.
In respect of employees not paid by crossed cheque or credit transfer
the cast of payroll will be subject to independent check before
payment to ensure the amount is correct
Physical check on all stock and materials held against verified stock
records independent of employees responsible at intervals of not more
than 12 months
Employees acting independently shall be responsible for the ordering
of stock and materials the recording of receipt of such and the
authorising of payment for them
Statements of account for all amounts due will be issued at least
monthly and direct to customers independently of employees
receiving or collecting monies. Action by management shall be taken
if an account becomes 3 months overdue
Cheque Signing –
 manual cheques over £25,000 require two manual signatures,
after amount has been inserted. No cheque to be signed until
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
26
Summary of Insurances
Heriot-Watt University
supporting documentation has been examined by one
signatory
 computer prepared cheques – supporting documentation to be
checked before requisition is input. All such cheques drawn
for more than £25,000 shall require only one manually applied
signature added after the cheque is prepared.
Excess
The following summarises the Excesses applying to your policy
£50,000 each and every claim
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
27
Summary of Insurances
Heriot-Watt University
LOSS OF LIQUOR LICENCE SECTION
Cover
Loss of Gross Profit in the event of forfeiture or suspension of the licence
in force in respect of the premises.
Loss of Gross Profit
On reduction in value of the licensed premises
Summary of
Exclusions
£190,000
£
Nil
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.






Refusal to renew a licence where compensation can be claimed under
any statute.
Compulsory acquisition of the premises.
Failure other than for good cause to keep open the premises during
permitted hours.
Failure to comply with any direction or requirement of the licensing
justices or other authority.
Failure to maintain the premises in good sanitary and general repair.
Refusal to renewal or forfeiture of licence occasioned wholly or in part
by any act or omission by the insured or by the failure of the insured to
take all reasonable action to maintain the licence in force.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
28
Summary of Insurances
Heriot-Watt University
PERSONAL ACCIDENT AND TRAVEL SECTION
PERSONAL ACCIDENT SECTION
Cover
Insured
Persons
Accidental Bodily Injury, which within 2 years is the sole cause of death,
disablement or incurring of medical expenses.
Category A -
All employees and persons contracted to the
University and students participating in foreign
visits not exceeding 6 months duration (including
overseas research projects and student exchange
programmes).
Category B -
Any employee of the Insured normally resident in
Great Britain, involved in underwater diving
activities not exceeding depths of 50 metres depth.
Category C -
Employees of the Insured or students normally
resident in Great Britain participating in overseas
placements exceeding 6 months duration: Cover is extended to include the following on
placements in excess of 12 months: 
5 students are studying abroad on 2-year
programmes. No details currently available.
Benefits
Benefit
Categories A & C
Category B
1. Death
£20,000
£30,000
2. Loss of two or more limbs or
£20,000
£30,000
both eyes
3. Loss of one limb or eye
£20,000
£30,000
4. Permanent Total Disablement
£20,000
£30,000
5. Temporary Total Disablement
£20
£100
6. Temporary Partial
Nil
7.
Nil
Nil Disablement
15% of total payable
Medical
under benefit
Expenses
5
Marsh
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conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
29
Summary of Insurances
Benefit
Periods
Heriot-Watt University
Benefit 5 and 6 are payable per week for 104 weeks in all (not necessarily
consecutive)
Definitions

Permanent Total Disablement:

Employees - from gainful employment of any and every
kind.

Non-employees - from any gainful employment
Temporary Total Disablement - from usual occupation.
Temporary Partial Disablement - from substantial part of usual
occupation.


Operative
Time
Summary of
Exclusions
Category B
Categories A & C
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.


Note
24 hours
Journeys outwith the UK
The Company will not be liable in respect of claims consequent upon
or contributed to by bone necrosis.
Persons under 15 or over 70 years of age.
Reduced benefits apply in respect of persons under 18 who are not
employees, as follows: 
Benefit 1
£10,000
Aircraft Accumulation Limit
Multi-engine aircraft
All other aircraft
£
£
2,000,000
250,000
£
£
1,000,000
25,000,000
Terrorism and War Limits
Terrorism and External Journey War
Any other incident
Limits per Person
£1,000,000 under benefits 1, 2 and 4
£250,000 under benefit 3
£1,000 under benefit 5
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
30
Summary of Insurances
Summary of
Warranties
Heriot-Watt University
The following summarises the warranties that apply to your policy. Any
breach of a warranty allows the insurer to void the policy.
In respect of Persons Insured under Category B





Extensions
the demand regulator is examined by a competent person every 12
months
a hydraulic pressure test is carried out at least once every 12 months
the air bottles are subject to a current Certificate of Examination
no diving will be to a depth greater than 50 metres.
all diving will be in company (no solo diving).
The following summarises the principal extensions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details.


Disappearance
Exposure
TRAVEL SECTION
Insured
Risks

Medical Expenses
 Europe
 Elsewhere
Baggage and Personal Effects
Money and Credit Cards
Cancellation and Curtailment
Expenses and change of itinerary.
Personal Liability - Limit of
Indemnity
Passport Indemnity
Legal expenses






Territorial
Limits
Summary of
Exclusions
£ 1,000,000
£ 1,000,000
£
1,500 (per person)
£
1,000 (per person)
£
2,000 (per person)
£ 1,000,000
£
500
£
25,000
Worldwide, excluding trips made within the UK
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.


Pre-existing medical conditions.
Hazardous activities as specified in the Policy.
Marsh
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conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
31
Summary of Insurances





Summary of
Conditions
Travel within the UK
Flying other than as a passenger
Suicide or attempting to commit suicide
War in Britain or the insured person’s country of residence
War or Terrorism occasioned by any Nuclear, Biological or Chemical
incident
The following summarises the principal conditions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details

Extensions
Heriot-Watt University
The insured must notify insurers of travel to areas of unrest (areas of
unrest are any country or area within a country which the Foreign and
Commonwealth Office is advising against travel to such country or
area)
The following summarises the principal extensions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details.


Emergency purchases following loss of
baggage
Hi-jack


Tour Operator failure
Incidental holiday travel is included where :
£ 250
£ 100
per day /
£5,000 in total
£ 1,000

the holiday does not exceed 30 days duration, or does not exceed
the duration of the business trip, whichever the less
 the insured person does not take part in hazardous activities
(mountain or rock climbing necessitating the use of ropes or
guides, potholing, caving, bungy jumping, parachuting,
parascending, racing of any kind (other than on foot or while
yachting on inland or territorial waters) or winter sports (other
than curling or skating)
 recreational cycling is covered
 the insured person is not working abroad other than in direct
relation to the business trip.
Excess
The following summarises the Excesses applying to your policy

Medical Expenses or Emergency Travel Expenses for students on
placement overseas - £50 – Otherwise Nil
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
32
Summary of Insurances
Heriot-Watt University
7
Excess Employers Liability and Excess Public and
Products Liability
Insurer
ACE Europe
Policy number
41UKCO7178
Period of Insurance
1 August 2004 to 31 July 2005
Cover
This policy provides excess layer liability cover over and above the limits
provided by the primary insurance for Policy No 949KX00005
Indemnity
Limits

Employers Liability - £15,000,000 in excess of £10,000,000 each and
every claim and unlimited any one period of insurance.

Public Liability - £15,000,000 in excess of £10,000,000 each and
every claim and unlimited any one period of insurance.

Products Liability - £15,000,000 in excess of £10,000,000 any one
claim and £15,000,000 in excess of £10,000,000 any one period of
insurance.

Pollution Liability - £15,000,000 in excess of £10,000,000 any one
claim and £15,000,000 in excess of £10,000,000 any one period of
insurance.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
33
Summary of Insurances
Summary of
Exclusions
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.











Summary of
Conditions
Heriot-Watt University
Exclusion of USA/Canada.
Date Recognition Exclusion
Medical malpractice and Treatment exclusion.
Terrorism exclusion
Clinical trials exclusion
Exclusion of liability or arising from the supply or administration of
pharmaceutical products or pharmaceutical drugs.
Exclusion liability arising from visits to or work at or on any offshore
rig, offshore platform or offshore installation or arising from transit
thereto or therefrom by sea or air.
Use of Heat Equipment Away from the Premises
Exclusion of liability arising from Products knowingly applied for
use or installation on Aircraft or aerospatial devices
Exclusion of Liability arising from direct exports to USA / Canada
Exclusion out of any claim arising out of or related in any way to
asbestos or asbestos containing materials
The following summarises the principal conditions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details
This policy follows the terms and conditions applying to the primary
policy.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
34
Summary of Insurances
Heriot-Watt University
8
Edinburgh Conference Centre Public & Products
Liability
Insurer
Royal & Sun Alliance
Policy number
RKK210486
Period of Insurance
1 August 2004 to 31 July 2005
Policyholder/
Insured
Heriot-Watt University and/or Edinburgh Conference Centre Ltd and/or
Scottish Borders Campus on behalf of the organisers of conferences
and/or exhibitions and/or individual attendees of conferences and/or
exhibitions each of whom is separately the insured.
Cover
Insured's legal liability for


loss of or damage to property not owned by or in the custody or
control of the insured and
death, injury or disease to any person other than employees
happening in connection with the business and including liability arising
from goods sold, supplied, renovated or serviced.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
35
Summary of Insurances
Heriot-Watt University
Indemnity
Limits




Public Liability
£ 2,000,000 any one occurrence and/or series
of occurrences arising out of any one event and
unlimited in any one period of insurance.
Products Liability
£ 2,000,000 any one occurrence and in all any
one period of insurance.
Pollution Liability
£ 2,000,000 any one occurrence and in all any
one period of insurance.
Legal Defence Costs £ 250,000 for all costs arising out of all claims
during the period of insurance.
Important
Notes
Summary of
Exclusions

The indemnity provided under this policy to the organisers or
attendees of commercial events will only apply where there is no
more specific Public and Products Liability insurance in the name of
the organisers or individual attendees or where the indemnity
provided by the more specific policy does not operate

The Excess Layer Public and Products Liability insurance provided
by ACE Insurance does not apply in excess of this policy.
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.


Date Recognition
Deliberate Acts
And as per policy
Summary of
Conditions
The following summarises the principal conditions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details
Warranties
The following summarises the warranties that apply to your policy. Any
breach of a warranty allows the insurer to void the policy.
Extensions
The following summarises the principal extensions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
36
Summary of Insurances
Excess
Heriot-Watt University
The following summarises the Excesses applying to your policy
£250 each and every loss of or damage to property
Pollution
Cover under this policy includes legal liability in respect of pollution,
which is sudden and accidental. It does not include any pollution, which
is gradual or involves seepage over a period of time.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
37
Summary of Insurances
Heriot-Watt University
9
Engineering Combined
Insurer
Royal & Sun Alliance Engineering
Policy number
SC/949E082899
Period of Insurance
1 August 2004 to 31 July 2005
Cover
Inspection
Period
Schedule of
Plant
Extensions
This insurance provides for the inspection of items of plant in accordance
with statutory provisions.
The frequency of inspections will vary depending upon the type of plant
involved and certificates will be issued to you once satisfactory
inspections have been completed.
Details held by Insurers
The following summarises the principal extensions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details.
Insurance cover for sudden and unforeseen damage, fragmentation or
breakdown as specified on the policy schedule.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
38
Summary of Insurances
Excess
Heriot-Watt University
The following summarises the Excesses applying to your policy
£250 each and every loss
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
39
Summary of Insurances
Heriot-Watt University
10
Electrical Wiring Inspection
Insurer
Royal & Sun Alliance Engineering
Policy number
SC/G179216
Period of Insurance
1 August 2004 to 31 July 2005
Cover
Inspection
Period
Schedule of
Plant
Extensions
This insurance provides for the inspection of items of electrical
equipment in accordance with statutory provisions
The frequency of inspections will vary depending upon the type of plant
involved and certificates will be issued to you once satisfactory
inspections have been completed.
Details held by Insurers
The following summarises the principal extensions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details.
Insurance cover for sudden and unforeseen damage or fragmentation as
specified on the policy schedule.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
40
Summary of Insurances
Excess
Heriot-Watt University
The following summarises the Excesses applying to your policy
£100 each and every loss
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
41
Summary of Insurances
Heriot-Watt University
11
Computer
Insurer
Royal & Sun Alliance Engineering
Policy number
G181754
Period of Insurance
1 August 2004 to 31 July 2005
Cover
Territorial
Limits
Property
Insured
“All Risks” including Terrorism of physical loss or damage to the
property insured. Theft cover is subject to forcible and violent entry to or
exit from a locked building.
At any premises occupied by the Insured within the United Kingdom
Computer Equipment
Increased Cost of Working
(Indemnity period 3 months)
Reinstatement of Data
£9,212,417
£200,000
£160,000
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
42
Summary of Insurances
Summary of
Exclusions
Heriot-Watt University
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.


Date recognition exclusion.
Theft where there is no forcible and violent entry to or exit from a
building.
Wear and tear
Financial Loss


And as per policy.
Summary of
Conditions
The following summarises the principal conditions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details



Security Wording applies – see full text below.
Data to be backed-up at least once every 24 hours, verified and
stored. One verified back-up copy to be maintained in a location
away from the premises.
The insured shall have written and enforced procedures for employee
access to data including the regular updating of security passwords
and the opening of e-mail attachments.
Security Wording
A)
Non open access premises including domestic/student accommodation
which are fitted with alarms must be activated when the premises are
unattended and forcible and violent entry/exit (F & V) condition applies
B)
Non open access premises including domestic/student accommodation
which are not fitted with alarms F & V condition applies
C)
Premises with open access areas the following applies: 
Where the applicable alarms must be activated when complete
premises are unattended and F & V condition applies
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
43
Summary of Insurances


Heriot-Watt University
During open access operation rooms within the premises which are
not being used for open access purposes must be locked and F & V
condition applies. Laptops must also be locked away when left
unattended
During open access operation any rooms being used for open access
purposes, individual PCs etc must be protected by enclosures,
lockdown devices or cable protection (alarmed)
Definitions
Premises – all building belonging to the Insured and occupied by the
Insured
External Doors – other than openings designated as fire exits by the fire
authority the final exit door must be fitted with a 5 lever mortice
deadlocks or locks conforming to BS3621:1980. For thief resistant locks
in conjunction with a matching boxed striking plate and all other external
doors and all internal doors giving access from an external source to any
part of the premises must be fitted with either
a)
a mortice deadlock
or
b)
2 key operated security bolts for doors fitted about 30cm from the
top and the other about 30cm from the bottom of the door
Internal Doors – as a minimum all internal doors must be fitted with
either
a)
a mortice deadlock
or
b)
electronic swipe card system
Windows - all ground floor and basement opening windows and
skylights and other opening windows and skylights accessible from roofs
decks scaffolding (temporary or permanent) balconies fire escapes
canopies down pipes or any other externally protruding feature of the
building such as roller shutter encasements or design features must be
fitted with key operated window locks or protected by solid steel bars
grilles cable gates expanded metal or weld mesh.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
44
Summary of Insurances
Heriot-Watt University
Alarmed premises must be protected by an audible intruder alarm system,
which is
Extensions
a)
installed and maintained by a company which is acceptable to
the police and is recognised as an installer of intruder alarms either
by the approved by the National Security Inspectorate (NSI) or the
Security Systems and Alarms Inspection Board (SSAIB)
b)
subject to maintenance contract which is kept in force during the
period of insurance with a company registered by the NSI or the
SSAIB
The following summarises the principal extensions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details.




Excess /
Deductible /
Franchise
10% of the sums insured or £100,000 whichever the less for
Computer equipment in transit or located temporarily outside the UK.
Automatic reinstatement of sum insured without charge, for losses of
£10,0000 or less.
Debris Removal costs 10% of sum insured or £50,000, whichever
less.
The sums insured includes laptop computers at a value of £ 336,766.
The following summarises the Excesses / Deductibles applying to your
policy
£500 each and every loss, increased to £100,000 in respect of Sun
Microsystems until required risk improvements have been completed.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
45
Summary of Insurances
Heriot-Watt University
12
Hired in Plant
Insurer
Royal & Sun Alliance Engineering
Policy number
CP2726
Period of Insurance
1 August 2004 to 31 July 2005
Cover
“All Risks” of loss or damage including Terrorism to hired in property
Limit of
Liability
£500,000 in respect of damage and continuing hiring charges liability
Summary of
Exclusions
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.





Electronic Risks exclusion
Breakdown
Damage to rubber tyres unless caused by malicious act.
Damage to waterborne vessels
Damage to property occurring underground or underwater
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
46
Summary of Insurances
Summary of
Conditions
The following summarises the principal conditions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details


Excess /
Deductible /
Franchise
Heriot-Watt University
Conditions of Hire – the insurers’ liability will be no greater than
would have been incurred under the Model Conditions for the Hiring
of Plant approved by the Construction Plant-Hire Association or
Scottish Plant Owners Association
Reasonable Precautions
The following summarises the Excesses / Deductibles applying to your
policy
£250 each and every claim
Premium
Basis
Estimated annual hiring charges - £30,000
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
47
Summary of Insurances
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13
Motor Fleet
Insurer
Royal & Sun Alliance
Policy number
RSR108023
Period of Insurance
1 August 2004 to 31 July 2005
Cover
Comprehensive
Use
Use for social, domestic and pleasure purposes and in connection with the
Policyholder’s business.
Limits
1)
2)
3)
4)
5)
Summary of
Exclusions
Third party property damage:
(a) Private Cars (b) Commercial Vehicles Rugs, clothing & personal effects
Windscreen
Medical Expenses
Manslaughter Defence
£20,000,000
£5,000,000
£250
Unlimited
£250
Unlimited
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.

Loss due to Theft or attempted Theft whilst the vehicle is left
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
48
Summary of Insurances

Extensions
Heriot-Watt University
unlocked and the ignition key is left inside the vehicle.
Loss due to deception
The following summarises the principal extensions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details.
Occasional business use of employees’ vehicles based on 6 employees
Vehicle
Schedule
Driving
Restrictions
Excess /
Deductible /
Franchise
As submitted to insurers, including 4 specified trailers
In respect of minibuses only, driving is restricted to drivers aged 21
years or over
The following summarises the Excesses / Deductibles applying to your
policy
£100 Accidental Damage excess in addition to young and inexperienced
drivers excesses which are




Persons aged under 21 years £
Persons aged 21 to 24 years £
Any person not having held a full
licence for more than 12 months
Windscreen excess
250
150
£150
£Nil
An increased excess of £250 applies to:
 David Mutter
 Andrew Robert Harvey
In addition to young/inexperienced driver excesses which may apply.
An increased excess of £250 applies to minibuses
Certificates
Blanket
Declarations
A six monthly declaration of additions, deletions and temporary hire of
vehicles is required on 1 February and 1 August
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
49
Summary of Insurances
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14
Marine Combined
Insurer
Royal & Sun Alliance Marine
Policy number
H073701H02AA
Period of Insurance
1 August 2004 to 31 July 2005
Cover
Limit of
Indemnity
Basis of
Settlement
Liability
To Third
Parties
Summary of
Exclusions
“All Risks” of loss or damage, other than exclusions noted in the policy
not exceeding £20,000 any one item, nor £61,199 in all on any one
occasion
Indemnity (N.B. this insurance is not arranged on a reinstatement basis)
Not exceeding £1,000,000 any one accident or series of accidents arising
from one occasion
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.

Loss or damage from electrical and/or mechanical derangement
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
50
Summary of Insurances






Heriot-Watt University
Water damage to immersed equipment unless directly caused by
external accident.
Liability to third parties whilst interest is conveyed by land, air or rail
transport.
Wilful misconduct of the insured
Loss due to inherent vice or nature of the subject matter
Loss due to unseaworthiness of vessels where this is known to the
insured.
Derelict mines, torpedoes, bombs or other derelict weapons of war
And as per policy
Cancellation
Limits of
Employment
Warranties
30 day cancellation notice other than war and strikes, where the notice
period is 7 days
Whilst employed by the Assured on or submerged from approved vessels
(sea-going craft not less than 23 feet in length) within the UK and or
North Sea and/or adjacent European Countries including delivery to or
from the Assured’s premises and/or to or from and /or whilst
accommodated in other secured premises as a temporary measure during
normal transit by approved road and/or rail and/or air and/or sea and/or
parcel post conveyance within the UK and/or Europe.
The following summarises the warranties that apply to your policy. Any
breach of a warranty allows the insurer to void the policy.



Territorial
Limits
Excess /
Deductible /
Franchise
Equipment is under supervision or in secure premises at all times
No equipment insured hereunder to be employed during the insured
period for more than 90 days in the aggregate or held covered at a
premium to be agreed.
All vessels are subject to Department of Trade and Industry and Local
Authority licences and/or permits as necessary being obtained and
their requirements being complied with.
UK and North Sea including Adjacent European countries. Please
contact us if these limits require to be extended for specific trips.
The following summarises the Excesses / Deductibles applying to your
policy
£500 of each claim or series or claims, other than total loss which shall be
paid in full.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
51
Summary of Insurances
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MARINE EQUIPMENT SCHEDULE
Category
Demand Valve - Main
Demand Valve – Main
Compressor
Compressor
Compressor
Compressor
Photo/Video
Photo/Video
Photo/Video
Photo/Video
Photo/Video
Photo/Video
Surface Demand
Surface Demand
Surface Demand
Surface Demand
Demand Valve
Demand Valve
Photo/Video
Photo/Video
Photo/Video
TOTAL
Item
EXO26
EXO26
Bauer 6cfm
Bauer 5fcm. Electric
HOOKAH UWI 150-15
Bauer 3.5cfm. Petrol
Seapro Video Housing (Sony Camera)
Sony Handycam Pro
Subal Miniflex-N9B Housing (for Nikon
F90X)
Nikon F90X Body
Panasonic Digital Video Camera NVDX100B
Seapro Video Housing (with Strobe Unit)
Surface Supply Umbilical
Surface Supply Umbilical
Comex-pro Helmet
Surface Demand Gear and Container
KM10 Band Mask
KM10 Band Mask
Nikonos Underwater Camera, Lens and
Strobe (Serial No B3508718 930/0911)
Nikonos Underwater Camera and Lens
(Serial No 2000/117)
Panasonic DX 110 Underwater Video
System (Serial No 99/127A)
Value
£ 1,157
£ 1,157
£ 4,000
£ 3,000
£ 2,000
£ 2,500
£ 1,500
£ 2,500
£ 2,500
£ 1,000
£ 2,500
£ 1,500
£ 1,000
£ 1,000
£ 3,000
£ 20,000
£ 2,000
£ 2,000
£ 2,500
£ 1,635
£ 2,750
£61,199.00
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
52
Summary of Insurances
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15
Marine Craft
Insurer
Haven Knox-Johnston
Policy number
UK.HVN.0110710
Period of Insurance
1 August 2004 to 31 July 2005
Third Party
Liability
Limit
Summary of
Exclusions
£3,000,000 any one accident or series of accidents occurring in
connection with or arising out of any one event
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.
Excluding liability to and of divers whilst in the water
Excluding all liability and in connection with equipment not
specified
In Commission 12 months
Territorial
Limits
Inland and Coastal Waters of United Kingdom
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
53
Summary of Insurances
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Schedule of
Craft
MARINE CRAFT
Summary of
Conditions
Warranties
“Serpula” Kingfisher 26 GRP
110,000
Yamaha 25 2 stroke inflatable
1,869
Avon Inflatable
3,500
Mariner 30HP Outboard
2,000
Zodiac Metre Boat
850
Suzuki 6HP 4 Stroke Engine
900
Yamaha 15HP Outboard Engine
1,700
4m Achillies Inflatable Boat
1,000
The following summarises the principal conditions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details





Basis of
Settlement
Value
Institute Yacht Clauses
Institute Speedboat Clauses
Institute Pollution Hazard Clause
Including loss of or damage to trailers but excluding damage to tyres
Subject to Outboard Motors Valuation Clause which states that
notwithstanding the Outboard Motor Valuation(s) inserted herein it is
agreed that the Insurer’s maximum liability in respect thereof shall
not exceed the estimated retail value of the said Outboard Motor(s)
computed at time of loss or damage
Indemnity (N.B. this insurance is not arranged on a reinstatement basis)
The following summarises the warranties that apply to your policy. Any
breach of a warranty allows the insurer to void the policy.
Warranted that all craft other than “Serpula” must be kept ashore when
not in use.
Warranted MCA code of practice for the safety of small commercial craft
to be complied with
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
54
Summary of Insurances
Excess /
Deductible /
Franchise
Heriot-Watt University
The following summarises the Excesses / Deductibles applying to your
policy
£500 each and every loss, increased to £750 in respect of “Serpula”
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
55
Summary of Insurances
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16
Professional Indemnity
Insurer
AIG Europe (UK) Ltd
Policy number
34600363
Period of Insurance
1 August 2004 to 31 July 2005
Cover
Indemnity for any sum or sums which the insured shall become legally
liable to pay arising from any claim or claims made against them during
the period of insurance as a direct result of any wrongful professional act
of the Insured which arises in the course of the Insureds business Activities
In addition, insurers will pay in addition to the sum insured the costs and
expenses incurred in the defence of and/or settlement of any claim
Limit of
Indemnity
Summary of
Exclusions
£10,000,000 in the aggregate (but restricted to £500,000 including costs
and expenses in respect of pollution claims)
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.
Year 2000 and Date Recognition Losses
Infringement of patent, copyright etc in US/Canada
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
56
Summary of Insurances
Extensions
Heriot-Watt University
The following summarises the principal extensions applying to your
policy. This is not a conclusive list and you must refer to your policy for
full details.
Loss of documents (up to £100,000)
Libel & Slander
Compensation for Court Attendance
Dishonesty of Employees
Intellectual Property Rights
Important Note
This policy is written on a "Claims Made" wording. It is therefore
essential in order to comply fully with the policy terms and conditions
that any known claim or claims or circumstances, which may give rise to
a claim, are notified immediately to MARSH Ltd
Excess /
Deductible /
Franchise
The following summarises the Excesses / Deductibles applying to your
policy
£10,000 each and every claim (increasing to $25,000 in respect of claims
brought in the US/Canada)
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
57
Summary of Insurances
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17
Directors & Officers
Insurer
AIG Europe (UK) Ltd
Policy number
33601473
Period of Insurance
1 August 2004 to 31 July 2005
Cover
Underwriters agree subject to policy terms and conditions and limitations
to:
A
Pay the Loss of each insured resulting from any claim first made
against the insured during the policy period for any wrongful act in
the insured's capacity as a director officer or employee of the
company except for and to the extent that the company has
indemnified the insured
B
Pay the Loss of the company resulting from any other claim first
made against the insured during the policy period for any wrongful
act in the insured's capacity as a director officer or employee of the
company but only when and to the extent that the company has
indemnified the insured for the loss
Subject to terms and conditions the insurer shall advance defence costs
resulting from any claim before its resolution
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
58
Summary of Insurances
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Wrongful Act is defined as:
Any actual or alleged breach of duty, breach of trust, neglect, error,
misstatement, misleading statement, omission, breach of warranty of
authority or other act done or wrongly attempted by any Director or
Officer
Limit of
Indemnity
£3,000,000 any one claim and in all, costs and expenses inclusive
Jurisdiction
Worldwide excluding USA/Canada
Sums Insured /
Limits of
Indemnity
(Please note that for certain coverage types this would require amending,
for example on a Liability policy this would be headed Limits of
Indemnity)
Summary of
Exclusions
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.
(a) bodily injury sickness disease or death of any person or any damage
to or destruction of any tangible property, including use thereof
(b) arising out of actual or alleged seepage pollution or contamination of
any kind
(c) brought about or contributed to or consequent upon any dishonesty
or fraud of the Directors or Officers provided, however, that the
Directors or Officers will be entitled to indemnity in respect of:
(i)
legal costs incurred in successfully defending proceedings
brought in respect of such Wrongful Act
(ii)
loss where the final judgement or any other adjudication of the
court hearing proceedings against any Director or Officer
determines that he/she is legally liable in respect of a Wrongful
Act or some cause of action which is not dependent on the
existence of a dishonest or fraudulent purpose or intent and
makes no finding that he/she was guilty of dishonesty or fraud
in relation to the Wrongful Act in question
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
59
Summary of Insurances
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(iii) for the purpose of this exclusion the dishonesty or fraud of any
Director or Officer shall not be imputed to any other Director
or Officer
(d) brought about or contributed to by or consequent upon any Director
or Officer gaining any profit or advantage or receiving any
remuneration to which he/she was not legally entitled
(e) made by any third party based upon or originating from any breach
of professional duty owed to such a third party
(f) for fines or penalties or punitive or exemplary damages
(g) brought against Directors or Officers in their capacity as trusteee or
fiduciary or administrator of any pension profit-sharing or employee
benefit programme
(h) brought in either USA or Canada
(i) in respect of the performance of professional services
Important Note
This policy is written on a “claims made” wording. It is
therefore essential in order to comply fully with the policy terms
and conditions that any known claim or claims or circumstances
which may give rise to a claim are notified immediately to
Marsh Ltd.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
60
Summary of Insurances
Heriot-Watt University
18
Pension Trustee Liability
Insurer
AIG Europe (UK) Ltd
Policy number
33601510
Period of Insurance
1 August 2004 to 31 July 2005
Cover
The insurers agree as respects to all Plans (a)
to pay the loss of each and every natural person insured and
reimburse such persons for Loss arising from any claim or claims
made against them during the period of the policy for any actual or
alleged Wrongful Act by any such insured
(b)
to reimburse a non natural person for Loss arising from any claim or
claims made against the insured during the period of insurance for
any actual or alleged Wrongful Act by such insured
Natural Person is defined as:
any past present or future natural person Trustee, director, officer, partner
or employee of the Employer Company or of the Plan in their capacity as
Trustee or fiduciary or Administrator of the Plan
Non Natural Person is defined as:
(i) Employer Company or (ii) Plan
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
61
Summary of Insurances
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Wrongful Act is defined as:
any actual or alleged breach of trust, breach of duty, breach of statutory
provision, neglect, error, omission, misstatement or misleading statement
but only with respect to any Plan, or other act committed or attempted by
such insured in their capacities to any Plan
Related, continuous or repeated Wrongful Acts shall constitute a single
Wrongful Act.
Limit of
Indemnity
£500,000 any one claim and in all
Jurisdiction
Worldwide, excluding USA and Canada
Summary of
Exclusions
The following summarises the principal exclusions applying to
your policy. This is not a conclusive list and you must refer to
your policy for full details.
Fraudulent and Dishonest Acts
Excess /
Deductible /
Franchise
The following summarises the Excesses / Deductibles applying to your
policy
£5,000 each and every claim – Corporate Claims only
Important Note
This policy is written on a “claims made” wording. It is therefore
essential in order to fully comply with the policy terms and conditions
that any claim or claims or circumstances which are likely to give rise to
a claim are intimated immediately to MARSH Ltd
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
62
Summary of Insurances
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19
Appendix A - Explanations of Terminology
The following guide is intended to provide an outline explanation of some insurance
terminology. It does not provide legal definition, neither does it substitute or override
terms or conditions within policies of insurance. Please discuss any questions relating to
any insurance related terminology with your Client Executive.
Certain duties relating to the running of your insurance arrangements are imposed by law
and others are created by the Insurance Contract. The following pages also explain
certain procedures involved in complying with such requirements and also provide some
background information which should enhance your understanding of them.
Essential Reading of Policy Wording
A full copy of the policy wording will either be in your possession or will be passed to
you soon after it is received from insurers.
It is absolutely essential that you should read this document, and any endorsements
attached to it, without delay and advise us in writing of any aspects which are not clear or
where it does not meet with your requirements.
Subrogation
With regard to claims, Insurers are entitled to take-over any rights which you may have
against other parties with regard to making recoveries to minimise their loss. These rights
of recourse are known as Subrogation Rights.
Your policy contains provisions that either exclude the Insurers from liability, or allow
the insurers to reduce their liability. E.g. If you have entered into any agreements that
exclude your rights to recover damages from another party in relation to any loss, damage
or destruction, which would allow you to sustain a claim under your insurance policy.
Examples of such agreements are the "hold harmless" clauses which can sometimes be
found in contracts. If you are in doubt you should consult with your Client Executive.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
63
Summary of Insurances
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You may prejudice your rights with regard to a claim if, without prior agreement from
your insurer, you make any agreement with a third party (such as the above) which will
prevent the Insurer from recovering the loss from that or another party.
Average
Expressed simply, this is a means of penalising you at the time of claims settlement, if
you have understated your sums insured (or full values at risk for "first loss" insurance).
Insurers reduce the claims settlement in the proportion that the sum insured bears to the
true value at risk. It is best explained by providing an example:100% Condition of Average
True value at risk
1,000,000 GBP
Sum Insured
900,000 GBP
Amount of Claim
100,000 GBP
Settlement Figure
90,000 GBP
In determining the value at risk (your sum insured) you must know the valuation basis,
which would normally be reinstatement (new for old) or indemnity (involving deductions
for depreciation) for property losses. These are explained under a separate heading.
Various types of average can apply but the most common are:


The 100% conditions (shown above) which normally apply to items valued on an
indemnity basis - such as stock and materials in trade.
The 85% conditions of average which normally apply to items on a reinstatement
basis (new for old).
The 85% conditions of average are intended to provide 15% margin for error in those
sums insured which are affected by inflation forecasting. Deductions for the application
of average will not be made therefore unless the sum insured is below 85% of the true
value at risk. Using the example given earlier, had the 85% conditions of average
applied, the full 100,000 GBP loss would have been paid. However, had the sum insured
been only 800,000 GBP the full deduction would have been made and the total claim
settled at 80,000 GBP only.
Insurers will not, of course, pay more than the full sum insured. Once again using the
first example, had the amount claimed been 950,000 GBP the settlement figure would not
have been 902,500 GBP as may have been expected (95% of the loss) but would be
limited to 900,000 GBP (the sum insured).
Business Interruption Application of Proportionate Reduction Clause
The same principle applies, in that Insurers seek to penalise claims settlements where
under-insurance has occurred. Proportionate Reduction would not apply to specific stand
alone increased cost of working risks but would apply to covers such as GROSS
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
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Summary of Insurances
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PROFIT/PAYROLL, REVENUE, RENTALS which themselves incorporate increased
cost of working cover.
The mechanics of applying proportionate reduction can in practice be complex with this
type of insurance since the measurement of the loss is usually also complex. However,
stated simply, the loss is reduced in proportion to the under-insurance as for the 100%
conditions of average in property insurance though commonly there can be scope to
incorporate a clause affording an additional 33.33 % to the limit of indemnity on a
declaration basis and the Proportionate Reduction Clause can, in instances, be removed
altogether.
Valuation Basis
There are four basis types of valuation basis for property insurance. These are stated in
the simplest form, as under: Indemnity
This is the core cover for most property insurance and can be considered in simple
terms as New replacement cost less deductions for wear and tear, though if you
consider your property could not reasonably be valued on this basis you should
advise us.
N.B. The principle of indemnity is to place you in the same financial position
after a loss as that which you had occupied immediately before the loss.
Reinstatement
This is a standard extension to the indemnity cover where settlement would be
based on the cost to replace or repair new without deduction for wear and tear
provided reinstatement is actually carried out and with reasonable despatch.
Where damage rather than total loss occurs, settlement would be for the cost of
restoring the damage with new material, again without any deductions for wear
and tear provided the repair takes place.
Agreed Values
This is not broadly available as a settlement basis but can apply, for example, to
such items as antiques, and occasionally - particularly in Marine Cargo policies finished goods may be insured on a "selling price" basis.
First Loss
Used to financially restrict cover. e.g. where it would be inconceivable that a large
supermarket could lose it's entire stock by theft, the insurance may be arranged as
total declared value of 1 million GBP but with a first loss limit of 100,000 GBP,
meaning the insurers liability for any one incident is restricted to 100,000 GBP in
the maximum.
Typical applications of the above valuations basis are given below: -
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
65
Summary of Insurances
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Buildings
Would normally be insured on a “Day One” reinstatement basis.
The sum insured is declared by the insured as at the first day of the insurance year. An
inflation band is then chosen to hopefully embody the effects of inflation forecasting.
The premium for these inflation bands are much lower in percentage terms than the actual
bands themselves. 100% average conditions would apply to the declared value since
there should be no guesswork involved in arriving at this figure.
Local Authorities Clause
This usually accompanies reinstatement conditions on buildings and provides indemnity
in respect of additional expenditure which you could incur by having to comply with the
requirements of statutory authorities. For example, following a fire you might be ordered
by the Local Authority to:


Upgrade electrical wiring
Install a fire escape
Rebuild to a higher standard of Fire Resistant Construction, etc.
Machinery Plant and All Contents (other than Stock and Materials
in trade and Work In Progress)
Reinstatement conditions would normally apply and the same factors as for buildings
should be taken into account i.e., the rebuilding period is important since such property
would not be installed until such time as the building work had been completed. You
would not necessarily be able to rely on the availability of suitable alternative property
nearby.
First loss cover may be appropriate for certain perils if you feel your loss is unlikely to
exceed a given figure. Examples would be for theft, water damage perils, and similar
non-catastrophe losses.
Stock and Materials in Trade and Work in Progress
Indemnity would be the normal method of insuring this, i.e. the cost to you of replacing
raw materials into your store or for work in progress, providing the cost of raw materials
plus the cost of direct costs expended up to the time of the loss.
Marine Cargo policies, can often provide settlement on a "selling profit" basis which
would in addition to the above provide for your profit margin.
Contract price may be available to insure this type of item, which would then allow
settlement based on this pre-determined figure.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
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Summary of Insurances
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IT IS YOUR RESPONSIBILITY TO SET SUMS INSURED ADEQUATELY,
USING PROFESSIONAL VALUERS WHERE NECESSARY. YOUR SUM
INSURED MUST ALWAYS BE ADEQUATE TO AVOID AVERAGE AND ALSO
BECAUSE LOSS SETTLEMENTS WILL NEVER EXCEED THE SUM
INSURED.
Indemnity Period - Business Interruption Insurance
The indemnity period is the period commencing from the date of damage and ending not
later than the maximum Indemnity Period stated in your policy (or on the appropriate
page of this summary) during which the results of the business are affected by the
damage.
The maximum Indemnity Period is the maximum time you believe it would take to return
the results of the business to anticipated levels that would have been enjoyed had it not
been for an interruption caused by an insured peril. You should be aware the 'results' of
the business include turnover and the costs of operation. Time factors to be considered
in this regard include:










Site Clearance
Obtaining architects plans/drawings
Obtaining Local Authority permits
Obtaining a building warrant
Obtaining Building tenders
Erection period
Availability of machinery/equipment
Commissioning of new machines
Commencement of production
Re-entry into markets
Finding new and regaining lost customers.
Deductible
The portion of an insured loss borne by the policyholder. The amount or percentage will
be specified in the policy. Normally application of a deductible reduces limit of
indemnity by the amount specified.
Excess
The specified sum which the insured must bear before the insurers pay their liability. In
the event of liability exceeding the limit of indemnity specified in the policy the insurers
pay the limit specified providing the insured has borne the limit of his policy excess.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
67
Summary of Insurances
Heriot-Watt University
Franchise
Similar to the Excess/Deductible as a Franchise excludes losses completely up to a stated
amount but provides full cover for losses above that figure.
Warranty
A warranty on a policy must be continually complied with. Breach of a warranty allows
the insurer to void the policy.
Condition Precedent to Liability
This is similar to a warranty in that it must be complied with continually. However,
breach of a condition precedent to liability allows the insurer to avoid a claim only where
the claim results from such a breach.
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
68
Summary of Insurances
Heriot-Watt University
20
Appendix B – Drivers Questionnaire
Name of Policyholder: Heriot-Watt University & Subsidiary Companies
1)
Name:
____________________________________
2)
Age next birthday:
____________________________________
3)
Occupation:
____________________________________
4)
How many years have you held a
full British driving licence
____________________________________
5)
Have you driven regularly
during the past 12 months?
6)
_____________________________________
Details of any drink driving
convictions, including:
 Date of offence
_____________________________________
 Length of ban/fine
_____________________________________
 Result of accident/spot check
_____________________________________
 Blood/alcohol level
_____________________________________
7)
Details of any other motoring
convictions in the last 5 years.
If none please state "none"
_____________________________________
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
69
Summary of Insurances
Heriot-Watt University
8)
Details of any accidents in past 3
years. If none please state "none" _____________________________________
9)
Do you suffer from any physical
defect or infirmity ? If so, please
give details
_____________________________________
10)
Have you ever been refused motor
insurance on normal terms ? If so,
please state reason
_____________________________________
I declare that the above statements are, to my knowledge and belief, true.
Date: ......................................
Signature: .................................................
Marsh
This is a summary document only. Please refer to the policy document for the exact cover, terms, exceptions and
conditions of which you should be aware or, in the absence of a policy document, please contact your Client Adviser.
70
Marsh Ltd
Orchard Brae House
30 Queensferry Road
Edinburgh
EH4 2HS
Marsh Ltd, Registered Number: 1507274 England, Registered Office 1, Tower Place West, London EC3R 5BU
Marsh Ltd is a member of the General Insurance Standards Council.
Marsh Ltd conducts its general insurance activities on terms that are set out in the document "Our Business Principles
and Practices". This may be viewed on our website http://www.marsh.co.uk/aboutMarsh/principles.html