Insurance

We can offer a Combined Policy Insurance that includes:

• Commercial Property
• Public Liability
• Employee Fidelity
• Professional Indemnity

How do we calculate the insurance fees for a combined policy?

• Commercial Property
• Public Liability
• Employee Fidelity
• Professional Indemnity

The primary factor of calculating your insurance quote will be your level of business activity, based on your turnover. We can offer a much reduced rate for our members with a minimum fee of £435.43+vat.

If individual training providers were to arrange this insurance themselves the minimum premium would be £1,749.16+vat per policy.

What is commercial property insurance?

Commercial Property Insurance is used to cover any type of commercial property. Commercial property insurance protects commercial property from all risks of direct physical loss or damage to insured property, subject to policy terms, conditions and exclusions.

What is public liability insurance?

Public liability insurance is an essential cover and is especially important for customers to be sure that your business has the right business insurance. Even when a business does everything right there is always the chance of an accident happening.

You might need this insurance if your business often comes face to face with members of the public – which includes your clients and contractors.

What is employee fidelity insurance?

Employee fidelity insurance is protection that covers policyholders for financial losses that they incur as a result of criminal taking by employees.

Professional indemnity insurance

If your business provides professional advice to customers, then you could benefit from Professional Indemnity insurance cover.

Employers liability (optional)

Employers' liability insurance insures your legal liability for bodily injury sustained by any person employed by you which arises out of and in the course of their employment. It is a legal requirement if your business employs one or more people.

We can offer this to our members at an additional cost of £109.50+vat per member (inclusive of Insurance Premium Tax).

Is your policy Aggregate or Limit per occurrence:

UKRS policy offers limit per occurrence

"Per Occurrence", limit refers to the total amount the insurance company will pay per incident during the policy term.

"Aggregate" limit is the total amount the insurance company will pay for multiple claims over the course of one policy term.

How do we calculate the insurance fees

The primary factor of calculating your insurance quote will be your level of business activity, based on your turnover.

Bodily Injury flowing from advice / training

UKRS policy automatically covers Bodily Injury flowing from advice / training, an area of cover which is generally excluded under a standard Public Liability policy. This means that if a trainee injures either themselves or a colleague resulting from training our members have delivered, this would be included under the UKRS policy.

Does your insurance cover all courses that you offer?

We found that some insurances offered by other accrediting/awarding bodies only covered courses that were accredited by them.

UKRS insurance covers any courses you offer irrespective of the accrediting or awarding body.

Does your insurance cover training with live animals

We found that some insurances would not offer cover for courses with live animals. UKRS insurance covers courses with live animals including sheep shearing, hoof trimming, emergency animal control. (Other activities involving live animals would be subject to referral).

All Risks of direct physical loss or damage to insured property including Theft without forcible or violent entry/exit at locations specified below and subject to the under mentioned sums insured and conditions.

Machinery belonging to Third Parties whilst in the custody or control of the Insured

Machinery/equipment belonging to Third Parties being used for training purposes on private land whilst in the custody of the Insured:

Maximum Sum Insured £500,000 at any one time over all member’s subject to a Single Article Limit £250,000

Use of the equipment on a Highway or anywhere else subject to the RTA will not be covered as this must be provided by a Motor policy.

Property damage – the definition of general contents

• General contents i.e. furniture etc.
• Computer Equipment
• Tenants Improvements & Decorations
• Equipment
• Stock
• Customers Goods
• Caravans and Mobile Exhibition Units
• Valuable papers (including examination papers) and records for a Limit of £25,000
• Any other property held by the Company in trust for which they are responsible

Extensions:

Learners, Directors, Employees or Visitors Personal Effects whilst in the premises owned, occupied or used by the Company for a maximum sum insured of £1,500 any one person and £25,000 in total (unless more specifically insured elsewhere).

Cost of replacing locks following loss of keys to the Company premises

Cost of replacing locks following loss of keys to the Company premises for a Limit of £5,000

Hire charges

Hire charges for which you are responsible following loss or damage to the hired property up to £5,000

Outstanding Debit Balances

Outstanding Debit Balances for a Limit of £25,000

Theft of External Building Fixtures and Fittings

NOT INSURED

General Contents

General Contents including computer equipment, Mobile Exhibition Units and Stock temporarily at any premises and in transit anywhere in the World subject to a maximum Limit of £25,000

General Contents at any Exhibition

General Contents at any Exhibition within the UK subject to a maximum Limit any one exhibition of £25,000

Cost of reproducing any electronic data

Cost of reproducing any electronic data contained on any electronic data processing media. Including all reasonable and necessary amounts, in recreating, gathering and assembling such electronic data including Learner assessment cost and other expenses in compiling funding data up to a cost of £25,000

Damage to refrigerated stock

Damage to refrigerated stock at your premises subject to the policy wording for a limit of £5,000

Damage to Contract Works

Damage to Contract Works at your premises other than an excluded cause subject to a limit of £50,000 in the aggregate and an excess of £5,000

Machinery and Plant Breakdown

To provide you with cover in respect of damage occurring during the period of insurance arising from abrupt and accidental breakdown of machinery and plant as defined in the policy wording. Subject to the policy terms, conditions and exclusions.

Limit: £50,000 in the annual aggregate.

Impairment of Computer Services

Machinery belonging to Third Parties whilst in the custody or control of the Insured

Recovery costs of electronic data and any other losses resulting from interruption of or interference with the Company’s business caused by or resulting from actual loss to electronic data or a system due to any one or series of occurrences of malicious programming by an insider or an outsider during the Period of Insurance subject to the Policy sums insured, Conditions and Exclusions under the Property and Business Interruption sections.

Limit: Insider Attack £50,000 per occurrence and in the annual aggregate.

Outsider Attack £5,000 per occurrence and £25,000 in the annual aggregate.

Money

• In transit to and from Bank £10,000
• On premises during business hours £10,000
• In unspecified safe out of business hours £10,000
• Out of safe out of business hours £500
• At homes of authorised employees £500
• In the custody of Training Staff £500
• In Vending Machines £100
• Crossed cheques etc. £250,000

Injury by Assault Whilst Handling or Carrying Money:

• Death £10,000
• Loss of limb(s) £10,000
• Loss of eye(s) £10,000
• Permanent total disablement £10,000
• Temporary total disablement £100 per week

Insures your legal liability for personal injury or loss of or damage to property which arises in connection with the business.

PUBLIC/PRODUCTS

Limit of Indemnity per occurrence: £5,000,000

Extensions:

• Participation in supervised charitable work of a non-hazardous nature by Learners
• Participation in Exhibitions held in the EU
• Legal Expenses arising from Health and Safety Legislation
• Motor Contingent Liability
• Overseas Personal Liability
• Tenants Liability for Hired or Rented Building
• Liability for Buildings Temporarily Occupied
• Car Park and Cloakroom liability
• Consumer Protection Act and Food Safety Act
• Legal Expenses arising from Corporate Manslaughter / Homicide Legislation
• Safeguarding – molestation and abuse
• Bodily Injury or Property Damage arising out of the rendering or failure to render any professional advice or services in respect of;
  1. the completion of a health & safety review form completed in respect of premises on which the Insured place learners
  2. the training and development of learners caused by an occurrence in connection with the Insured’s Business

Environmental Liability

To provide you with cover for costs and emergency expense that you become legally liable to pay following a pollution incident on or under the boundaries of your premises. Subject to the policy terms, conditions and exclusions.

Limit: £25,000 each and every claim and in the annual aggregate.

Direct financial loss sustained and discovered by the Insured during the Period of Insurance of money, securities and other property caused by criminal taking by an employee of the Insured acting alone or in collusion with others.

Limit of Liability

Limit of Liability: £100,000 each and every claim and in the aggregate during the period of insurance.

Civil Claims for defence costs, damages, claimant’s costs and expenses in respect of claims arising out of the conduct of the Business including but not limited to:

• Libel, slander or any other form of defamation
• Infringement or misappropriation of copyright, trade mark, service mark, patent, design right, trade secret, know-how or any other intellectual property
• Intrusion upon, interference with or infringement of privacy, family life, a person’s home or correspondence
• Breach of a confidentiality obligation or of data protection legislation
• Dishonesty of an Employee
• Loss, damage or destruction of documents

Limit of Indemnity

Limit of Indemnity:

£1,000,000 Any One Claim during the period of insurance.

Geographical Limits

Anywhere in the world provided that the original suit for damages is brought within the European Union.

Business Travel

NOT INSURED

Training event cancellation

NOT INSURED

UK terrorism

NOT INSURED

Live animal cover

Courses with live animals including sheep shearing, hoof trimming, emergency animal control. (Other activities involving live animals would be subject to referral).