GUIDANCE

Buildings Insurance

Please remember that the sum insured should represent the current re-building costs of the property in its existing form including Architects & Surveyors Fees, Debris Removal Costs and Inflation during the year of insurance and, if applicable, VAT. A professional valuation is strongly recommended as sums can vary widely from the market value.

Fixtures, fittings and tenants improvements

This section of the policy is on a Reinstatement Basis and the sum insured should reflect the current replacement cost of all items and components within the premises.

Stock items

These sums insured should represent your peak stock holding during the period of insurance. However, we do protect you above this limit in busy periods to account for fluctuations.

Revenue Protection

We automatically provide you with a standard limit of £600,000 for a maximum 24 month Indemnity period. If you require a higher limit, please contact our FloriGuard Team on 0845 313 9871 or 0161 236 3141

Liability covers

Public Liability cover is provided as standard at a limit of £2,500,000. This level can be increased to £5,000,000, please advise us if you should require a quotation for higher limits of indemnity provided (including reference to terrorism cover). Contact 0845 313 9871 or 0161 236 3141

Money, personal assault benefit, goods in transit, deterioration of stock

Should any of these sums insured require increasing, please contact the FloriGuard Team on 0845 313 9871 or 0161 236 3141

Subsidence cover

Subsidence, Heave and Landslip cover is not automatically included as standard, please contact us should you require this additional cover.

Terrorism exclusion

Please note that Terrorism cover is not provided as standard under the Material Damage and Revenue Protection sections (where insured) of commercial insurance policies. Cover under the Liability section (where insured) for acts of Terrorism is also restricted.

Terrorism cover can now be purchased under the Material Damage and Revenue Protection sections as an optional peril on an “All Risks” basis subject to the terms, conditions and exclusions etc of the policy or to top up liability cover as a separate policy.

Please therefore contact us should a quotation be required for Terrorism cover on 0845 313 9871 or 0161 236 3141.

Underinsurance

As with all commercial Insurance Policies, this policy is subject to “Average” (the under-insurance penalty clause). Please therefore ensure that all sums insured are adequate and that you review them regularly. If sums insured are inadequate insurers may apply an underinsurance penalty and any claim payment would therefore be reduced.