Insurance for the fire & security industries - a buyers guide
The fire and security industries need specialist insurance from a broker who understands their unique needs, otherwise some of the main risks you face will not be covered. These are examples of some of the specific additions that are valued by businesses in the fire and security industries:
1. Efficacy / Inefficacy Insurance - This is an extension to public and products liability insurance that gives cover to your business should the service you provide or the equipment you supply or install not perform to its intended function. This insurance is often a requirement of regulatory bodies and trade associations.
2. Professional Indemnity - If you give advice, consultancy or design then professional indemnity can cover you for accusations of negligence, errors or omissions in these services.
3. Loss of Keys - Will provide indemnity to your business if you lose a customer’s keys covering the consequential losses and costs to replace the locks.
4. Fidelity - Can cover your business and your customers if an employee of yours commits a dishonest or fraudulent act.
5. Loss of Gasses - Will pay for replacement of extinguishing gasses lost whilst working on a fire system.
6. Wrongful Arrest - If accused of wrongful arrest it will pay legal defence costs and damages.
7. Personal Accident - Will bay benefits to your business if an employee is injured and unable to work.
8. Cash In Transit - Can cover your business for money it is carrying on behalf of a customer.
9. Contract Works - Covers materials, building works and tools against damage or theft.
If you would like more assistance with insurance for the fire or security industries please call Sutcliffe & Co Insurance Brokers who have many years experience in finding cover from a wide range of insurance companies. Call Sutcliffe & Co now on 01905 21681 or email [email protected]