Insurance Scheme for Security, Alarm and Fire Protection Companies

The Insurances which we are able to arrange for Security Companies and Alarm Companies are tailored to meet the needs of each individual Client.
We have the right policy for you

Summary of Insurance Covers

(Proposal forms and comprehensive guide can be downloaded using the links on the right)

The Insurance Scheme is underwritten by International Insurance Company of Hannover Limited.

This summary is a brief resume of the cover provided under the Scheme and full description is incorporated in the Policy document which we can provide you on request but you will of course receive the document at inception of the Insurance. We always advise the clients to carefully read the Policy to ensure that the Policyholder is fully aware of the covers and revert to us if there are issues which need explanation or amendments.

Brief description of the covers are as follows:

1. PUBLIC LIABILITY AND PRODUCTS
LIABILITY SECTION

Under this section the Insurers will indemnify the Insured against all sums
which theInsured shall becomelegally liable to pay as damages arising out of accidental injury to any
with the Insured's business.

The Policy can include the following Extensions

INEFFICACY AND CONTRACTUAL LIABILITY

This means failure to carry out security duties or security services that the Insured has contracted to perform including deliberate acts wilful default or neglect by the Insured any Director Partner or Employee of the Insured.

PRODUCTS INEFFIEICACY

Under this extension cover is provided for any liability in respect of the failure of any product to fulfil or perform its intended functions arising out of negligence or wilful default by the Insured any Director Partner or Employee or arising out of wrongful advice.

WRONGFUL ARREST

The Insurers will indemnify the Insured in respect of all sums which the Insured shall be liable to pay as damages arising from or out of wrongful arrest committed or alleged to have been committed by the Insured or any Director or Partner or the Employee of the Insured.

LOSS OF KEYS

This Insurance will grant indemnity against all sums the Insured shall become legally liable to pay in the event of loss of keys necessitating the replacement changing or alteration of locks at the customers premises. The Insurance also grants indemnity against all sums payable for consequential loss arising out of loss of keys.

FINANCIAL LOSS

Under this section the Insurers will indemnify the Insured against all sums that the Insured is legally liable to pay as damages costs and expenses for accidental financial loss where such loss is not consequent upon injury or loss of or damage to property.

THE PUBLIC AND PRODUCTS LIABILITY SECTION CAN ALSO INCLUDE THE FOLLOWING EXTENSIONS:-

  1. Cross Liabilities
  2. Legal Costs and Expenses
  3. Defective Premises Act 1972
  4. Leased and Rented Premises
  5. Motor Contingency Liability
  6. Mechanical Plant as a Tool of Trade
  7. Indemnity to Principal
  8. Overseas Personal Liability
  9. Compensation for Court Attendance
  10. Health and Safety at Work and Corporate Manslaughter Defence Costs

FULL EXPLANATION OF ABOVE EXTENSIONS CAN BE PROVIDED ON REQUEST

2. EMPLOYERS LIABILITY SECTION

This insurance is required by law and provides cover for legal liability in respect of Accidental Death, Bodily Injury or Disease to any person employed arising out of and in the course of his or her employment.
The following Extensions will be included

  1. Compensation for Court Attendance
  2. Health and Safety at Work and Corporate Manslaughter Defence Costs
  3. Unsatisfied Court Judgements
  4. Indemnity to Principal
  5. Employees Unsatisfied Damages

3. FIDELITY GUARANTEE INSURANCE

The Insurers will indemnify the Insured for loss of money or goods belonging to the Insured or the customers of the Insured caused by any act of theft or fraud or dishonesty committed by an Employee. The Insurance will include any such act committed by Employees for benefit of themselves or any other person or organisation. This section will also provide cover if any employee misuses customers telephone and the Insured is held liable.

ALL THE ABOVE SECTIONS WILL PROVIDE INSURANCES IN ACCORDANCE WITH THE LIMITS OF LIABILITY AND EXCESSES STATED IN THE QUOTATION AND SCHEDULE OF THE POLICY.

Furthermore the policy will be subject to certain exclusions and details of these can be provided on request but the full cover will of course be incorporated in the Policy document. A copy of the document can be issued on request. The signed document will be issued on completion of the insurance.

We can also provide covers for the following additional insurances:-

  1. Personal Accident
  2. Cash in Transit
  3. Buildings Contents and all Risks
  4. Legal Expenses
  5. Directors and Officers Liability

We will be pleased to provide insurances for the above covers on receipt of the relevant details and appropriate forms can be sent to you. Please communicate with us in this regard.

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