Frequently Asked Questions
It means a quick and simple way to arrange your insurance cover. If you get a quote and decide to arrange insurance and pay for your policy premium on this website by Credit Card your policy documents will be sent to you immediately as downloadable PDFs. From that moment, your policy is live and you are covered.
Insurers don’t send any paper documents unless requested to do so by you but you can print out all policy documents you are sent and retain as a backup.
Alternatively, if you wish to accept the Quote but do not wish to use a Credit Card to pay the policy premium you will be issued with an Invoice and as soon as that Invoice has been settled in full you will be sent a link to the email address you used to obtain the Quote and this will enable you to obtain your policy documents immediately as downloadable PDFs. From that moment, your policy is live and you are covered.
The system is available to organisations:-
- With an annual revenue up to £1m (excluding VAT). If your revenue exceeds this amount then please contact us to obtain a Quote
- With no previous insurance claim in the last 5 years. If you have had a previous claim then please contact us to obtain a Quote
- Providing a wide range of ICT related services such as
- Software development
- IT Consultancy
- IT Training
- `Value Added` re-sale services
- IT Security Consultancy
- Games development
- Web hosting
If you perform any additional activities then please contact us to obtain a Quote
- Dealing with clients in the UK, Europe or globally
The system enables cover to be arranged for the following insurance covers
- Property (including computers, stock, office equipment and money)
- Employers’ Liability and Public Liability
Premiums start from as little as £500 (plus 5% Insurance Premium Tax)
You will need to provide the following details:-
- your business description and activities carried out
- the types and level of cover you require
- your annual revenue (either turnover or fee income) or if your business is starting up your estimated first year’s revenue
- your business name, a contact name, a contact telephone number and a valid email address to send your policy to
- your full business trading address, including Post Code
- your confirmation of no previous claims in the last 5 years
- the date you want cover to begin (the inception date)
You will need to provide the following details:-
- your annual revenue (either turnover or fee income) or if your business is starting up your estimated first year’s revenue
- the date you want cover to begin
- if you require Public Liability insurance cover the level of cover - £1m, £2m or £5m
- your business name, a contact name, a contact telephone number and a valid email address to send your policy to your full business trading address, including Post Code
- your confirmation of no previous claims in the last 5 years
You will need to provide the following details:-
- the date you want cover to begin
- the total replacement value of your office contents (including computer equipment, furniture, stock, stationery and non-standard items such as works of art)
- if you require cover for goods in transit the total value of estimated annual carryings and the maximum anticipated value of goods to be carried in any one vehicle
- the total value of any portable equipment such as laptops and mobile phones should you choose to insure them
- details of the security at your premises, including any intruder alarm installed
- whether you’d like buildings cover and if so your property’s rebuild value and details of any fire alarm installed
- your full business trading address, including Post Code
- your confirmation of no previous claims in the last 5 years
Professional indemnity insurance protects you for sums you are legally obliged to pay as compensation and legal costs to your clients because of problems with your work. The most common causes of claims are:-
- Negligence - a failure in the duty of care you owe to your client – such as providing incorrect advice or specifying something incorrectly
- Breach of Contract – a failure to meet your written obligations – such as to complete a project by an agreed date
- Infringement of Intellectual property – the unintentional infringement of copyrights, trademarks or broadcasting rights
- Loss of documents or data - includes damaged, missing or stolen software
- Dishonesty - such as an employee stealing money or transferring funds electronically
- Libel, slander of defamation
The level of cover has to be decided by you but should take account of: -
- How large is your contract or project?
- Does your client require a minimum level of cover?
- What could be the level of damages awarded against you?
Yes.
Yes – such work can be covered - both if you are working in the UK for clients abroad, as well as carrying out work abroad.
Yes - you can make changes to your policy at any time by contacting us with the relevant details.
Yes - the policy will cover claims arising from mistakes made by employees, sub-contractors, freelancers, consultants or another company. It would be a good idea to require external parties doing work for you to have their own professional indemnity insurance in force so you can claim against them.
It is a package of business insurances designed to protect you on an `All Risks` basis against:-
- Damage to your property, including office contents furniture, fixtures, windows, computers, servers and so on
- Loss of money
- Portable Equipment
Simply select the covers required for your Property when you get a quote online.
This means that your property is covered for all types of accidental loss and physical damage unless it’s specifically excluded by the policy. This is wider cover than a ‘specified perils’ policy which only provides cover for specific events – for example theft or fire.
Not necessarily but check your home insurance policy first. Most policies offer some level of ‘home office’ cover but it may not be as comprehensive as a business insurance policy.
Yes if you choose to include Portable Equipment cover in your Property insurance to ensure they are properly covered while they are out of your office. Then your laptops, mobile phones and
other hand held devices are covered, along with other portables such as visual display equipment. You can insure to the value of £50,000 and the cover operates on a world-wide
basis.
No - unless your lease or rental agreement requires you to insure the buildings you occupy.
If your business has any employees you must by law have in force insurance. - the definition of `employee` includes any temporary or agency worker and any person undertaking work experience.
The Employers’ Liability cover can be arranged along with Public Liability insurance. Public Liability insurance is not a legal requirement to arrange but does provide important protection to your business (for example, if you visit clients' premises, or they visit you, or if you deal with the public) should someone claim that you (or one of your employees) caused them injury or damaged their property.
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