Book debts:
This is the total amount outstanding in customer accounts (after certain adjustments e.g. for bad debts). The insurer will pay you for these outstanding debit balances if following an insured event you are unable to trace or establish them in whole or in part.
Buildings:
This generally means the buildings (including any outbuildings) at the insured address belonging to you or for which you are responsible and including landlord's fixtures and fittings. The exact definition can vary by product but will be defined in the policy wording if you are unsure.
Business contents:
Generally this will include all machinery, plant and all other contents used in connection with your business that are owned by you or for which you are responsible. It will not include stock or landlord's fixtures and fittings. The exact definition can vary by product but will be defined in the policy wording if you are unsure.
Business interruption:
This provides you with protection for the loss of profits and continuing fixed expenses resulting from a break in your commercial activities due to the occurrence of an insured event.
Civil liability:
These are legal obligations you have arising from private wrongs or breach of contract that are not criminal acts.
Claims made:
A policy which only pays claims that are notified to the insurer during a specified period (usually the period of insurance).
Computer breakdown cover:
This covers you for damage to computer equipment caused by its own overrunning, excessive pressure, short circuiting, mechanical breakdown, failure, derangement or self-heating due to accidental failure of electricity or telecommunication services.
Contents:
Generally this will include all machinery, plant and all other contents used in connection with your business that are owned by you or for which you are responsible. It will not include stock or landlord's fixtures and fittings. The exact definition can vary by product but will be defined in the policy wording if you are unsure.
Contract works:
This refers to the permanent and temporary works undertaken by or on behalf of you in performance of a contract or speculative development including site materials.
Costs in addition:
This means costs and expenses that are incurred in relation to your claim that the insurer agrees to pay are covered on top of your limit of indemnity i.e. they are not restricted by the limit of indemnity.
Deterioration of stock:
This provides cover against loss or damage due to deterioration or putrefaction of stock following accidental damage or faults in refrigeration machinery.
Employers liability:
Employers' Liability covers you against your legal liability to pay compensation and claimant's costs in respect of injury and disease sustained by any of your employees undertaking work in connection with your business. Please note that most employers are required by law to have employers' liability insurance.
Goods in transit:
Covers you for loss or damage to goods related to your business whilst in transit by any of your own vehicles including loading and unloading.
Household contents:
Household goods, fixtures and fittings, works or art, collections, audio and visual equipment in your home.
Legal expenses:
Covers costs of defending various types of legal disputes arising out of your normal business activities.
Loss of license:
In the event that your premises licence granted to you for the sale of excisable liquors and/or the provision of entertainment is forefeited, suspended, withdrawn or renewal refused this will provide you with the loss of gross profit suffered as a result.
Loss of rent:
Covers you for the loss of money paid or payable to you by tenants that you would otherwise not receive following a loss at the insured premises.
Loss/damage to documents:
This covers you for the cost of research, stationery, clerical labour and computer time for the reproduction of your business books, documents and computer system records if they are damaged by an insured event. Please note that it does not cover the value of any information contained in the documents.
Money & personal assult:
Covers you for loss of money held in connection with your business, plus compensation in the event you or an employee is injured as a result of theft or attempted theft.
Personal accident:
Provides you with set compensation levels in the event you suffer accidental bodily injury.
Personal possessions:
Articles for personal use normally worn or carried (including gold and silver articles), jewellery, watches, binoculars, telescopes, furs, pedal cycles, precious metals, precious stones, furs, cameras and other personal photographic equipment (including accessories), and items of equipment and clothing used for sports purposes, including guns.
Products liability:
Covers you against your legal liability in connection with your business to pay compensation and claimants costs and expenses in respect of accidental injury to any person or damage to material property caused by products you have supplied.
Professional indemnity:
Provides you with cover against claims from third parties for civil liability actions for negligence arising from professional services you provide.
Property damage:
Means loss of or damage to property you insure e.g. buildings, contents or computers.
Property owners liability:
Provides cover against your legal liability to pay compensation and claimant's costs and expenses in respect of accidental injury to any person and damage to material property arising out of the ownership of your property.
Public liability:
Covers you against your legal liability in connection with your business to pay compensation and claimants costs and expenses in respect of accidental injury to any person or damage to material property. Please note that it does not provide cover in respect of injury to your own employees - this will require Employers' Liability.
Retroactive cover:
Cover for claims that arise out of work that was undertaken prior to the inception date of the current insurance policy.
Specified all risks:
Allows you to cover specific items, such as laptops, whilst they are away from the premises. Cover is available for anywhere in the UK, EU or worldwide.
Temporary employees:
Employees engaged on a temporary basis.
Terrorism:
Damage caused by persons acting on behalf of, or in connection with, any organisation which carries out activities directed towards the overthrowing or influencing, by force or violence the government in the United Kingdom.
Tools:
Any hand tool or any hand held portable power tool belonging to, or hired or leased to you.
UK all risks:
Allows you to cover specific items, such as laptops, whilst they are away from the premises anywhere in the UK.
Legal liability to thrid parties:
Covers you against your legal liability in connection with your insured vehicle to pay compensation and claimants costs and expenses in respect of accidental injury to any person or damage to material property caused by your vehicle.
Loss of damage to insured vehicle:
This covers your vehicle for loss or damage (provided the section applies)
Broken window/ windscreens:
This covers you for replacement or repair of your windscreen or windows (provided the section applies)
Trailers & disabled vehicles:
A trailer which is designed to be towed by a motor vehicle or a broken down / mechanically disabled vehicle being towed by another motor vehicle.
Personal injury to driver:
Accidental injury sustained by the driver of an Insured Vehicle, if the injury results in death, loss of sight in one or both eyes or loss of one or more limbs.
Medical expenses:
Covers medical, surgical and dental fees for any occupant of an insured vehicle for fees incurred as a direct result of an accident in the insured vehicle.
Personal belongings:
Rugs, clothing and personal effects carried in or on an Insured Vehicle.
Loss or theft of keys:
This covers you for the replacement of the keys or lock transmitter of an insured vehicle if they are lost or stolen.
Legal protection:
To help you recover costs incurred from an accident which is not your fault but which are not covered by your insurance policy, such as excess, loss of earnings, loss of use of your vehicle.
Geographical limits:
The countries in which your insurance policy applies.
UK assistance:
Breakdown cover