<< Tool-Hire Insurance: Overview
Key Cover Features
- Contingent Accidental Damage, Fire & Theft cover for equipment hired out to customers
- Contingent Third Party Motor insurance cover for mechanically propelled vehicles hired out to customers
- Professional Indemnity cover
- Goods in Transit
Property Cover includes as Standard
- Material Damage All Risks
- Stock Debris Removal provided Stock sum insured is adequate
- Contingent ADF&T cover for equipment hired out to customers (€2,500 excess & limit €100,000 any one loss)
- Automatic Reinstatement following loss
- Replacement of Locks (limit €2,500 any one loss)
- Personal Effects (limit €1,500 any one loss)
- Employees Tools (€2,750 any one person/€5,000 any one loss)
- 50% Day One basis on Buildings & Plant & Machinery only
- Cover for all fixed internal & external plate glass
Business Interruption Cover includes as Standard
- Public Utilities to €25,000
- Denial of Access to €25,000
- Customers Extension to €25,000
- Suppliers Extension (E.U. only) to €25,000
Employers Liability Cover includes as Standard
- Limit of Indemnity €13,000,000 any one accident/unlimited any one period of insurance
- Property Repairs automatic
- Compensation for Court Attendance (€500 Director, €350 Employee)
- Cover for Working Directors
Public & Products Liability/Service Indemnity/’Tool of Trade’ Cover includes as Standard
- Limits of Indemnity
Public Liability €6,500,000 any one accident/unlimited any one period of insurance
Products Liability €2,600,000 any one accident/any one period of insurance
Service Indemnity €2,600,000 any one accident/any one period of insurance
‘Tool of Trade’ €250,000 any one accident/any one period of insurance
- Compensation for Court Attendance (€500 Director, €350 Employee)
- €1,000 excess each & every Products Liability or Service Indemnity claims
- Professional Indemnity cover (limit €100,000 any one incident/any one period)
Money Cover includes as Standard
- Crossed cheques, giro, postal orders, money orders bankers drafts, credit card sale vouchers
(limit €375,000)
- Personal Assault: Contingencies €20,000
Goods in Transit Cover includes as Standard
- €75,000 limit any one load
- €2,500 section excess
Computer Cover includes as Standard
- Reinstatement basis
- Increased Costs of Working (limit €15,000)
- Reinstatement of Data (limit €15,000)
Motor Traders Road Risks Cover includes as Standard
- Business & Social Use
- Vehicles covered are any vehicles the property of the Insured or in his custody or control as a Tool Hire company
- Third Party Property Damage Limits
€30,000,000 in respect of Private Cars
€ 1,300,000 in respect of all other vehicles
- Standard Gross Vehicle Weight – 10Ton
- Vehicle limit of indemnity €130,000
- Replacement Locks - €2,500
- 6 Yr. No Claim Discount entitlement
- Step Back no claim bonus
- Fire Brigade Fees (limit €10,000)
- Excesses
€500 ADF&T increasing to
€1,000 for Prov. Licence holders aged 17-24 yrs.
€750 for Prov. Licence holders aged 25 and over
- Third Party Contingent Liability
- Unaccompanied Demonstration/Tuition (limit €100,000/excess €750)
- Windscreen cover where Comprehensive cover is operative (limit €400 any one accident/€800 any one period)
- Liability to Passengers
- Liability of Passengers
- Drivers as submitted
There is also the facility to include Directors own cars under the Motor Traders Road Risks and the Certificate to be issued in the name of the Directors
