Townsend McCormack specalists in insurance and financial services


Combined Schools Policy Purpose of the Insurance This policy provides a comprehensive range of covers specifically tailored to meet the needs of the Education Industry Significant Product Features, Benefits and Exclusions
Material Damage ("All Risks")
Significant Features and Benefits	Cover for loss or damage by any accidental physical cause occurring during the period of insurance. The cover extends to include: Staff and Pupils Personal Effects, Demountable / Temporary Structures, Paintings or other works of art, Household contents belonging to the Insured or employee of the Insured residing on the premises. Fixed Play Equipment, Keys & Locks, Metered Water, Groundsmen Equipment Hired in Property Damage to glass, 30% seasonal increase for stock, Trace and Access, Fire Brigade Damage, Raffle Prizes and Donated goods, 15% Day One (Non Adjustable), Contract works up to Ł100,000. Plus many other features Cover can also be extended to include Terrorism.
Money & Personal Accident (Assault) Extension
Significant Features and Benefits	Cover for loss or damage to money belonging to your business Cover for bodily injury to any Insured person as direct result of a robbery or hold up whilst carrying business money.
Business Interruption ("All Risks")
Significant Features and Benefits	Cover for Interruption to your business following an Insured loss under the Material Damage ("All Risks") section which results in reduced income and increased running costs Cover can be extended to include Terrorism.
Policy Limits and Exclusions	Losses excluded under the Material Damage ("All Risks") section.
Loss of Rent Receivable
Significant Features and Benefits	Cover for reduction of Rent Receivable following an Insured loss under the Material Damage ("All Risks") section.
Policy Limits and Exclusions	Losses excluded under the Material Damage ("All Risks") section.
Loss of Book Debts
Significant Features and Benefits	Cover for losses due to records detailing outstanding debit balance being lost or destroyed following an Insured loss under the Material Damage ("All Risks") section.
Policy Limits and Exclusions	Losses excluded under the Material Damage ("All Risks") section
Employers Liability
Significant Features and Benefits	Protects you against your legal liabilities for bodily injury to your employees up to a limit of indemnity of Ł10,000,000 including costs and expenses. Cover includes Unsatisfied Court Judgements Legal Costs and Expenses in defending prosecutions due to breach or alleged breach of Health and Safety Regulations Worldwide cover for Employees who are employed within the policy territory and are temporarily engaged elsewhere.
Policy Limits and Exclusions	Legal Liability is excluded in respect of: Radioactive Contamination whether caused directly or indirectly Any incident where Road Traffic Act Legislation applies Bodily Injury sustained by an Employee whilst engaged in Offshore Work.
Public and Products Liability, Malpractice Extension and Hirers Liability Extension
Significant Features and Benefits	Protects against Legal Liability for bodily injury to third parties and damage to their property Cover includes: Contingent Motor Third Party Liability arising out of the use of vehicles not owned by you within the Policy Territory Personal Liability of the Insured Persons, including their spouse, partner or dependent whilst accompanying them, whilst overseas on the Insured's business. Malpractice Extension covers bodily injury due to death, illness or disease of any person other than an employee happening during the period of Insurance caused by or alleged to be caused by an error or omission in the provision of professional services of a school other than by any principle director or partner of the Insured whilst working in a professional capacity as a medical or dental practitioner. Hirers Liability Extension
Personal Accident
Significant Features and Benefits	Cover if an Eligible Person sustains accidental bodily injury which results in Death or Dismemberment. Cover is provided on a 24 Hour Basis. Cover is provided for Directors, Partners, Principles, Employees and Pupils.
Professional Indemnity & Governors Liability
Significant Features and Benefits	Protects you against your legal liabilities for any wrongful act of the Insured and/or Insured Person in the performance of duties for the School. Cover extends to Directors, Trustees and Employees.
Employee Dishonesty
Significant Features and Benefits	Cover for direct financial loss as a direct result of an act or series of related acts of fraud or dishonesty committed by an identified employee
Legal Expenses
Significant Features and Benefits	Covers cost of professional legal advice, representation, as well as awards or settlements including: i) Disputes with customers or suppliers over sale and purchase of goods and services ii) Defence of employment actions iii)Defence for Data Protection Act actions iiii) Property disputes with landlord or license protection Also covers accountants' costs to prepare formation and liaise with Inland Revenue after a tax investigation. Also provides 365 day, 24 hour legal advice. More thanjust a telephone helpline will also review documents, leases, contracts and draft letters such as disciplinary letters, offers of employment. No limit on the number or duration of calls Multilingual capabilities. Cover Summary Legal costs (solicitors, barristers) to defend or pursue cases Any one event Ł100,000 limit (Ł25,000 for inland revenue and VAT investigations) Annual Aggregate Limit Ł 500,000. Legal expenses for contractual disputes for amounts greater than Ł250.
Goods in Transit Extension
Significant Features and Benefits	Cover for loss or damage to Insured property whilst in transit
Rent Payable extension
Significant Features and Benefits	Cover for rent payable for the premises where they are unfit for occupation as a result of damage.
Equipment Breakdown Extension
Significant Features and Benefits	Covers repair costs, replacement costs and loss of profits caused by an insured equipment breakdown. Also covers necessary extra expense costs, such as temporary repairs or short-term hire of equipment and the cost of permanent repairs to reduce the loss Benefits and Limits Wide range of equipment is automatically included e.g. Computers, Refrigeration, Air Conditioning, Telecommunications, Lifts, Electronics, Machinery, Cash Registers, Boilers, Hot Water Heaters and Audio Equipment. No exclusions for older equipment Unlike many computer breakdown covers, the policy does not require a supporting (and costly) computer maintenance contract where computer sum insured is less than Ł5,000. Equipment physical damage covered. Business Interruption and spoilage losses covered. Computer equipment covered. Extra Expense and Expediting Expense costs covered. Deterioration of contents of deep freezers & refrigerators up to Ł2,000.
Loss of Registration Extension
Significant Features and Benefits	Cover for the depreciation in value of the Insured's interest in the premises arising from the cancellation of the registration
Travel Insurance
Significant Features and Benefits	Annual Travel Coverage can be arranged for the school trips covering: Cancellation Personal Accident Emergency Medical Expenses Curtailment Personal Liability Organisers Liability Money Loss of travel documents Possessions delayed in transit Delayed Departure
Engineering Inspection Service
Significant Features and Benefits	Examination / Inspection service in accordance with the requirements of such statutory regulations as apply to the schools Machinery, Plant and Appliances.
Motor Fleet and Occasional Business Use Insurance
Significant Features and Benefits	Comprehensive Motor Insurance for your fleet of vehicles and Occasional Business Use coverage for your employees own vehicle use whilst being used in the course of their duties on behalf of the school.

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Combined Schools Policy