Section 1 Private House Buildings/ Contents - Part D Legal Liabilities
Recently, we increased our standard Public and Products Liability limit of indemnity to £10 Million for the majority of farm risks and many diversifications under Section 5 of our policy*.
To ensure that more extensive protection is provided for the personal aspects of our client’s lives, we have increased the limits under Section 1 Part D Legal Liabilities - the limit of indemnity under Property Owner’s Liability, Liability to the Public and Liability under the Defective Premises Act has been increased to £10 Million.
The increased limit is applicable on all New Business with immediate effect. Existing client’s will automatically receive the enhanced limit on Renewal’s with effect from 1st September 2017.
*Inner limits apply to certain activities – please refer to your client’s policy schedule for full details. Where inner limits apply, increased limits of indemnity may be available for an additional premium – please contact us for further details
Section 14 Environmental Liabilities
Since April 2016, Environmental Liability cover with a standard limit of indemnity of £1 Million has been a compulsory extension to Section 5 Public and Products Liability.
Following a review, cover has been extended as follows:
• Option to increase the limit of indemnity to £2 Million for an additional premium
• Emergency costs up to £50,000 included as standard
Emergency costs protect the Insured against reasonable and necessary expenses for emergency measures carried out on the sole initiative of the Insured without prior approval of an appointed Loss Adjuster where the Insured has no choice but to carry out such measures because any delay in immediately carrying them out could result in a Pollution condition or Natural Resource damage or a significant increase in the costs of dealing with a claim.
The enhanced covers are applicable on all New Business with immediate effect. Existing client’s will automatically receive the enhanced covers on Renewal’s with effect from 1st October 2017.
Full details of changes will be shown on the policy schedule.