D
DuaneMHunt1976
Self Employed Electrician Insurance trying to start off,
As you know my English isnt that great so LAWER talk and Insurance sadly i was in the hands of the insurance company. As when i tried to join a Governing body, i tried Napit and went with Napit Insurance, what has another name that is under written by Hiscox!
Below is the DOC they sent me and how much i am paying, as i went with them, but will ask around for a better Insurance (guess to know how good a company is, you have to have a problem, so you can see how they deal with things). So Suggestions (NON RUDE) on Insurance and any company suggest going with.
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[FONT=Arial, sans-serif]InsuranceQuotation for Electrical, Fire & Security Contractors Scheme[/FONT]
[FONT=Times New Roman, serif][FONT=Arial, sans-serif]Wethank you for your enquiry , and are pleased to confirm our quotationat a premium of [/FONT][FONT=Arial, sans-serif]£194.00inclusive of Insurance Premium Tax and a £25.00 administration fee.[/FONT][/FONT]
[FONT=Arial, sans-serif]Thepolicy wording is available to view, print or download from thedownloads page of the NAPIT members website under the “NAPITInsurance” heading. If you do not have Internet access and wouldlike a hard copy please contact us and we will place one in the post.[/FONT]
[FONT=Arial, sans-serif]Featuresand Benefits[/FONT]
[FONT=Arial, sans-serif]Yourpolicy includes the following features and benefits. By making Hiscoxone of our preferred partners for this type of product, we believethat we have developed a comprehensive solution. Additional coversare available as detailed in the enclosed Key Features document:[/FONT]
[FONT=Arial, sans-serif]YourDemands and Needs[/FONT]
[FONT=Arial, sans-serif]Myunderstanding of your demands and needs is based on the informationyou have provided. We can confirm the following as a statement ofyour requirements:[/FONT]
[FONT=Arial, sans-serif]Toinsure your activities as an electrical fire and security contractorin a specialist product as detailed in the features and benefitsbased on the information provided by you.[/FONT]
[FONT=Arial, sans-serif]Pleaselet us know if you do not feel that this is correct, as it may impacton any advice given.[/FONT]
[FONT=Arial, sans-serif]Our Recommendation andthe Reason Why[/FONT]
[FONT=Arial, sans-serif]Takinginto account the above and the information identified, we arerecommending the Hiscox Electrical, Fire and Security contract toyou. The reason for this recommendation is that this satisfies yourinsurance requirements as detailed in the above demands and needsstatement.[/FONT]
[FONT=Arial, sans-serif]SignificantExclusions, Conditions or Warranties[/FONT]
[FONT=Arial, sans-serif]Itis important for you to understand the exclusions and limits thatapply to your policy. The policy summary lists significant exclusionsand limitations and in addition the following clauses apply to yourpolicy:[/FONT]
[FONT=Arial, sans-serif]Iffor any reason you are not able to accept or comply with these or anyothers that might apply, please contact us immediately.[/FONT]
[FONT=Arial, sans-serif]MarketSelection[/FONT]
[FONT=Arial, sans-serif]Thereare clear benefits from working closely with an insurance company whohas a strong appetite for a specific type of risk. We have thereforenot approached any other insurer. In sourcing and placing yourbusiness with Hiscox we have acted as your agent. We will also act asyour agent in the event of a claim.[/FONT]
[FONT=Arial, sans-serif]FinancialStrength[/FONT]
[FONT=Arial, sans-serif]Itis our normal practice to regularly assess the financial strength ofinsurance companies that we introduce to our clients. This processinvolves monitoring the financial ratings applied by independentagencies such as Standard & Poor’s along with other readilyavailable information. Whilst we take every care to promote only thestrongest insurance companies, we are unable to guarantee theirfinancial strength. [/FONT]
[FONT=Arial, sans-serif]Dutyof Disclosure[/FONT]
[FONT=Times New Roman, serif][FONT=Arial, sans-serif]Itis vital that you notify us of any changes in your circumstances orinsurance needs as this may affect policy cover. We remind you ofyour obligation to disclose fully and accurately all material factsas failure to do so may influence your insurers decision to providecover or to pay claims[/FONT][FONT=Arial, sans-serif].Please make sure you provide, and keep us up to date with, thisinformation throughout the duration of the contract and at eachrenewal. The significant material facts are detailed in the enclosedStatement of Fact. Examples of[/FONT][FONT=Arial, sans-serif]these are:[/FONT][/FONT]
[FONT=Arial, sans-serif]OurEarnings[/FONT]
[FONT=Times New Roman, serif][FONT=Arial, sans-serif]Beforeyou renew or at any time during the term of the policy including ateach subsequent renewal, you have the right to be informed of thelevel of commission we receive from insurers.[/FONT][FONT=Arial, sans-serif][/FONT][/FONT]
[FONT=Arial, sans-serif]Termsof Business[/FONT]
[FONT=Arial, sans-serif]Forreference purposes, please find enclosed a copy of our Terms ofBusiness and we can confirm that Jelf Clarke Roxburgh InsuranceBrokers is authorised and regulated by the Financial ConductAuthority.[/FONT]
[FONT=Arial, sans-serif]Howto make a claim[/FONT]
[FONT=Arial, sans-serif]Itis vital that you inform us as your brokers of any losses that yousuffer promptly so that we may notify your Insurers of the incident.Most Insurers make it a policy condition that they be advised of allincidents within certain amount of time of the incident occurring,and failure to notify the Insurer within that timescale mayinvalidate your policy. Additionally it is a policy condition thatcertain claims e.g. theft or malicious acts must be reported to thePolice and a Police incident reference obtained. Please check yourpolicy, or contact us, for full details.[/FONT]
[FONT=Arial, sans-serif]NextSteps[/FONT]
[FONT=Arial, sans-serif]Aproposal form is not required. The exchange of information betweenyou, the insurers and us will form the basis of the legal contractyou are entering into. This forms part of the insurer’s statementof fact.[/FONT]
[FONT=Arial, sans-serif]PremiumStatement[/FONT]
[FONT=Arial, sans-serif]PaymentOptions[/FONT]
[FONT=Arial, sans-serif]Thereare a variety of payment methods available:[/FONT]
As you know my English isnt that great so LAWER talk and Insurance sadly i was in the hands of the insurance company. As when i tried to join a Governing body, i tried Napit and went with Napit Insurance, what has another name that is under written by Hiscox!
Below is the DOC they sent me and how much i am paying, as i went with them, but will ask around for a better Insurance (guess to know how good a company is, you have to have a problem, so you can see how they deal with things). So Suggestions (NON RUDE) on Insurance and any company suggest going with.
------------------------------------------------------------------------------------------------------------
[FONT=Arial, sans-serif]InsuranceQuotation for Electrical, Fire & Security Contractors Scheme[/FONT]
[FONT=Times New Roman, serif][FONT=Arial, sans-serif]Wethank you for your enquiry , and are pleased to confirm our quotationat a premium of [/FONT][FONT=Arial, sans-serif]£194.00inclusive of Insurance Premium Tax and a £25.00 administration fee.[/FONT][/FONT]
[FONT=Arial, sans-serif]Thepolicy wording is available to view, print or download from thedownloads page of the NAPIT members website under the “NAPITInsurance” heading. If you do not have Internet access and wouldlike a hard copy please contact us and we will place one in the post.[/FONT]
[FONT=Arial, sans-serif]Featuresand Benefits[/FONT]
[FONT=Arial, sans-serif]Yourpolicy includes the following features and benefits. By making Hiscoxone of our preferred partners for this type of product, we believethat we have developed a comprehensive solution. Additional coversare available as detailed in the enclosed Key Features document:[/FONT]
- [FONT=Arial, sans-serif]Professional Indemnity[/FONT]
- [FONT=Times New Roman, serif][FONT=Arial, sans-serif]Testing, inspection, certification, design, specification & advice –[/FONT][FONT=Arial, sans-serif] £500,000 [/FONT][FONT=Arial, sans-serif] [/FONT][/FONT]
- [FONT=Arial, sans-serif]Public and Products Liability including Financial Loss [/FONT]
- [FONT=Times New Roman, serif][FONT=Arial, sans-serif]Limit – [/FONT][FONT=Arial, sans-serif]£[/FONT][FONT=Arial, sans-serif]2,000,000[/FONT][/FONT]
- [FONT=Arial, sans-serif]Financial Loss £500,000[/FONT]
- [FONT=Times New Roman, serif][FONT=Arial, sans-serif]Inefficacy (Failure to Perform) - [/FONT][FONT=Arial, sans-serif]£[/FONT][FONT=Arial, sans-serif]2,000,000[/FONT][/FONT]
- [FONT=Arial, sans-serif]Employers’ Liability limit £10,000,000[/FONT]
- [FONT=Times New Roman, serif][FONT=Arial, sans-serif]Portable Tools and Own Plant[/FONT][FONT=Arial, sans-serif][/FONT][/FONT]
- [FONT=Times New Roman, serif][FONT=Arial, sans-serif]Portable Tools £[/FONT][FONT=Arial, sans-serif]1,500.00[/FONT][/FONT]
- [FONT=Arial, sans-serif]Own Plant £0.00[/FONT]
- [FONT=Times New Roman, serif][FONT=Arial, sans-serif]Legal Expenses[/FONT][FONT=Arial, sans-serif] – limit £100,000 [/FONT][/FONT]
- [FONT=Times New Roman, serif][FONT=Arial, sans-serif]Internet and Email – [/FONT][FONT=Arial, sans-serif]limit £100,000[/FONT][/FONT]
- [FONT=Times New Roman, serif][FONT=Arial, sans-serif]Additional covers for [/FONT][FONT=Arial, sans-serif]Material Damage[/FONT][FONT=Arial, sans-serif], [/FONT][FONT=Arial, sans-serif]Business Interruption, Hired in Plant[/FONT][FONT=Arial, sans-serif] and [/FONT][FONT=Arial, sans-serif]Management Liability Portfolio[/FONT][FONT=Arial, sans-serif] as specified in the attached schedule.[/FONT][/FONT]
[FONT=Arial, sans-serif]YourDemands and Needs[/FONT]
[FONT=Arial, sans-serif]Myunderstanding of your demands and needs is based on the informationyou have provided. We can confirm the following as a statement ofyour requirements:[/FONT]
[FONT=Arial, sans-serif]Toinsure your activities as an electrical fire and security contractorin a specialist product as detailed in the features and benefitsbased on the information provided by you.[/FONT]
[FONT=Arial, sans-serif]Pleaselet us know if you do not feel that this is correct, as it may impacton any advice given.[/FONT]
[FONT=Arial, sans-serif]Our Recommendation andthe Reason Why[/FONT]
[FONT=Arial, sans-serif]Takinginto account the above and the information identified, we arerecommending the Hiscox Electrical, Fire and Security contract toyou. The reason for this recommendation is that this satisfies yourinsurance requirements as detailed in the above demands and needsstatement.[/FONT]
[FONT=Arial, sans-serif]SignificantExclusions, Conditions or Warranties[/FONT]
[FONT=Arial, sans-serif]Itis important for you to understand the exclusions and limits thatapply to your policy. The policy summary lists significant exclusionsand limitations and in addition the following clauses apply to yourpolicy:[/FONT]
- [FONT=Arial, sans-serif]Excludes work at high risk premises as defined in the Statement of Fact.[/FONT]
- [FONT=Arial, sans-serif]Excludes the installation of aerials or satellites.[/FONT]
- [FONT=Arial, sans-serif]Fire precautions condition which applies to all heat or hot works as detailed on page 10 of the policy wording.[/FONT]
- [FONT=Arial, sans-serif]If your turnover increases by more than 25% you must notify us immediately as detailed in the Duty of Disclosure Clause.[/FONT]
[FONT=Arial, sans-serif]Iffor any reason you are not able to accept or comply with these or anyothers that might apply, please contact us immediately.[/FONT]
[FONT=Arial, sans-serif]MarketSelection[/FONT]
[FONT=Arial, sans-serif]Thereare clear benefits from working closely with an insurance company whohas a strong appetite for a specific type of risk. We have thereforenot approached any other insurer. In sourcing and placing yourbusiness with Hiscox we have acted as your agent. We will also act asyour agent in the event of a claim.[/FONT]
[FONT=Arial, sans-serif]FinancialStrength[/FONT]
[FONT=Arial, sans-serif]Itis our normal practice to regularly assess the financial strength ofinsurance companies that we introduce to our clients. This processinvolves monitoring the financial ratings applied by independentagencies such as Standard & Poor’s along with other readilyavailable information. Whilst we take every care to promote only thestrongest insurance companies, we are unable to guarantee theirfinancial strength. [/FONT]
[FONT=Arial, sans-serif]Dutyof Disclosure[/FONT]
[FONT=Times New Roman, serif][FONT=Arial, sans-serif]Itis vital that you notify us of any changes in your circumstances orinsurance needs as this may affect policy cover. We remind you ofyour obligation to disclose fully and accurately all material factsas failure to do so may influence your insurers decision to providecover or to pay claims[/FONT][FONT=Arial, sans-serif].Please make sure you provide, and keep us up to date with, thisinformation throughout the duration of the contract and at eachrenewal. The significant material facts are detailed in the enclosedStatement of Fact. Examples of[/FONT][FONT=Arial, sans-serif]these are:[/FONT][/FONT]
- [FONT=Arial, sans-serif]Changes in business activities.[/FONT]
- [FONT=Arial, sans-serif]Past convictions, CCJs and claims history.[/FONT]
[FONT=Arial, sans-serif]OurEarnings[/FONT]
[FONT=Times New Roman, serif][FONT=Arial, sans-serif]Beforeyou renew or at any time during the term of the policy including ateach subsequent renewal, you have the right to be informed of thelevel of commission we receive from insurers.[/FONT][FONT=Arial, sans-serif][/FONT][/FONT]
[FONT=Arial, sans-serif]Termsof Business[/FONT]
[FONT=Arial, sans-serif]Forreference purposes, please find enclosed a copy of our Terms ofBusiness and we can confirm that Jelf Clarke Roxburgh InsuranceBrokers is authorised and regulated by the Financial ConductAuthority.[/FONT]
[FONT=Arial, sans-serif]Howto make a claim[/FONT]
[FONT=Arial, sans-serif]Itis vital that you inform us as your brokers of any losses that yousuffer promptly so that we may notify your Insurers of the incident.Most Insurers make it a policy condition that they be advised of allincidents within certain amount of time of the incident occurring,and failure to notify the Insurer within that timescale mayinvalidate your policy. Additionally it is a policy condition thatcertain claims e.g. theft or malicious acts must be reported to thePolice and a Police incident reference obtained. Please check yourpolicy, or contact us, for full details.[/FONT]
[FONT=Arial, sans-serif]NextSteps[/FONT]
[FONT=Arial, sans-serif]Aproposal form is not required. The exchange of information betweenyou, the insurers and us will form the basis of the legal contractyou are entering into. This forms part of the insurer’s statementof fact.[/FONT]
[FONT=Arial, sans-serif]PremiumStatement[/FONT]
| [FONT=Arial, sans-serif]£159.43[/FONT] |
| [FONT=Arial, sans-serif]£9.57[/FONT] |
| [FONT=Arial, sans-serif]£25.00[/FONT] |
| [FONT=Arial, sans-serif]£194.00[/FONT] |
[FONT=Arial, sans-serif]PaymentOptions[/FONT]
[FONT=Arial, sans-serif]Thereare a variety of payment methods available:[/FONT]
- [FONT=Times New Roman, serif][FONT=Arial, sans-serif]Credit and debit cards (details can be taken over the phone). [/FONT][FONT=Arial, sans-serif]Credit card payments are subject to a 3% charge with a minimum charge of £1.00;[/FONT][FONT=Arial, sans-serif] [/FONT][/FONT]
- [FONT=Times New Roman, serif][FONT=Arial, sans-serif]Cheque ([/FONT][FONT=Arial, sans-serif]payable to [/FONT][FONT=Arial, sans-serif]NAPIT Insurance Services[/FONT][FONT=Arial, sans-serif][/FONT][FONT=Arial, sans-serif]); and in most cases[/FONT][/FONT]
- [FONT=Arial, sans-serif]12 monthly instalments by direct debit ( 0% APR ). Subject to application.[/FONT]
