An act of terrorism is defined as: "acts of 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, of Her Majesty's government in the United Kingdom or any other government de jure or de factor."
Typically administered by the building insurer but provided by Pool Re, terrorism can be covered with, however, the following exclusions:
Alternative options to Pool Re are available through Lloyds of London where a standalone policy is created. Exclusions vary but typically acts of chemical, biological, radiological or nuclear terrorist incidents are excluded.
Directors and Officers cover, protects you personally as a director of your business.
For residential blocks of flats, personal liability can result from being a director of the management company. You can be sued due to an error or omission that has resulted in financial loss. Typical scenarios relate to maintenance, planning permission or investment decisions (or lack of).
Our Directors and Officers offering operates on a ‘one company, one policy’ basis meaning if a property has two companies (e.g. a freehold company and a management company) two policies are required.
We provide unique cover features including our Limit of Indemnity is provided on an ‘any one claim’ basis as opposed to the industry standard of once the allocated limit is reached, no further cover is available for the remainder of the policy term. Additionally, we provide cover to defend Directors and Officers taken to a Leasehold Valuation Tribunal.
The St Giles offering has a common renewal date of 15th May, therefore, policies incepting on any other date will be charged on a pro-rata basis and annually thereafter. This helps maintain the most competitive premiums.
Lifts, communal boilers and other plant may require, by law, to be inspected every six months. Engineering insurance policies provide both sudden and unforeseen damage cover and also the inspection service.
We source competitive policies from institutional insurers.