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Motor
Trade
Motor Traders
needs vary greatly. Tysers can negotiate a policy which
provides a flexible solution to cater for the wide range
of activities for garages and motor dealers. Enhanced
cover can be provided to members of the Retail Motor
Industry (RMI).
Material
Damage
Summary of
Cover:
- Cover
is on an "All Risks basis".
- Option
to have cover on a "no sums" insured basis.
- Inflation
Protection - Reinstatement 'Day One' cover of 130%
for property other than vehicles, stock and money.
- Excess
- The standard excess of £250 on Material Damage
cover applies. Higher excesses are available for premium
discounts. Your choice of excess will apply for both
the Material Damage and Motor Vehicle Road Risks sections.
- Property
is covered on a U.K. basis, subject to normal policy
limits. Property in transit is covered up to a limit
of £15,000.
Additional
Features include:
- Commercial
Loads - automatic legal liability cover for commercial
loads in customer's vehicles whilst in transit and
at your
premises following recovery by you up to a limit of
£50,000.
- Assault
and Victim care cover which pays the fees for professional
counselling following assault allied to theft of money.
- Financial
Loss. (New and Unregistered Vehicles)
- New for
Old (Vehicles). A new vehicle may replace a used one
owned by you since new, if within 6 months of first
registration, it is damaged by more that 50% or stolen
and not recovered within 28 days of notification to
us.
- Keys
clause- a premium discount is available if you keep
unattended vehicles locked at all times.
- Terrorism
cover - buy back facility (See question 7)
- Special
Features for members of the Retail Motor Industry
(RMI) members
- New for
Old cover - extended to vehicles less than 12 months
old.
- Option
to include rectification cover for faulty or defective
materials used or workmanship undertaken by you if
they cause
an insured vehicle to be damaged in an accident. This
extension is subject to a £250 excess. Your
choice to include this cover will apply for the Material
Damage, Motor Vehicle Road Risks and Public / Products
Liability sections.
- Standard
Personal Accident Assault and Victim Care benefits
are doubled. Cover is also extended to include all
work related
assaults.
- Personal
Accident Capital benefits of £20,000 will be
provided for all occupational accidents to the Proprietors,
Partners and
Directors of the business.
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Motor Vehicle Road Risks
Summary of
Cover:
- Choice
of cover between Comprehensive, Third Party Fire and
Theft, Third Party only or Partial Comprehensive
Partial Comprehensive is most suitable for policyholders
who have a bodyshop and can repair their own accident
damaged vehicles.
Full comprehensive
cover applies to customers vehicles.
- Cover
is on an any driver basis (with your permission).
Cover can be extended to include social, domestic
and pleasure use.
- Cover
is automatically extended for social, domestic and
pleasure use for permitted drivers in European Community
countries.
- Uninsured
Loss Recovery
Legal expenses are paid up to a maximum of £75,000
enabling you to pursue your rights to recover uninsured
losses from
others. The cover applies to you, any partner, director
or employee plus any family member. Legal advice is
included.
- If on
a comprehensive basis the standard excess is £250.
Higher excesses are available for premium discounts.
Your choice
of excess will apply for both the Material Damage
and Motor Vehicle Road Risks sections.
- New for
Old (Vehicles)
Provided cover is on a Comprehensive or Third Party
Fire and Theft basis, we will pay the value of a new
vehicle if within 6
months of first registration, it is damaged by more
that 50% or stolen and not recovered within 28 days
of notification to us.
- Financial
Loss (New and Unused Vehicles)
- No Claims
Discount
A discount of up to 35% may be earned.
- Third
Party Property Damage
Cover for legal liability for accidental damage to
property is limited to £10,000,000 any one occurrence
or series of
occurrences arising from one cause.
- Loan
or Hire Vehicles
When customers insurers provide cover, cover will
be limited to that of contingency.
When no such vehicles are declared cover will be specifically
excluded.
Terrorism
- In respect
of any accidental damage to any third party property
by an act of Terrorism, the indemnity limit is limited
to
£5,000,000.
Special
Features for RMI members:
- New for
Old cover - extended to vehicles less than 12 months
old.
- Option
to include rectification cover for faulty or defective
materials used or workmanship undertaken by you if
they cause
an insured vehicle to be damaged in an accident. This
extension is subject to a £250 excess.
- No Claims
Discount unaffected by claims caused by faulty or
defective materials or workmanship.
- No inner
limit to liability for customers' consequential loss
or loss of use claims.
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MOT -
Loss of Licence Cover
Summary of
Cover:
- Cover
up to £1,000,000 to replace loss of profit from
MOT testing and associated repair and servicing work
following
suspension or withdrawal of your licence.
- A free
appeal and consultancy service for both Authorised
Examiners and Nominated testers, giving you the best
chance of
retaining your Authorisation.
- Telephone
helpline for free advice on any MOT disciplinary matter
or query involving your MOT testing station.
- Choice
of Indemnity period.
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Engineering
Summary of
Cover:
- Periodic
examinations of all types of pressure, electrical,
mechanical, lifting and similar plant can be provided
in line with
SAFed (Safety Assessment Federation Limited) guidelines.
- Cover
also includes damage to your property caused by Fragmentation
of any part of any plant included at your request.
- Cover
can be extended, for most items of plant, to include:
- provision for the cost of repairs to plant following
its electrical or mechanical breakdown.
- provision for the hire of a replacement machine
or other additional costs incurred in order to complete
work normally undertaken by the plant following breakdown
if the plant cannot be repaired immediately.
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Liability
Summary of
Cover:
Public /
Products Liability
- The standard
limit of Indemnity is £2,000,000. Option to
increase up to £10,000,000
- Standard
cover includes:
Motor Contingency
Leased or Rented Premises
Health and Safety at Work Act legal expenses costs
Court attendance compensation
Consumer Protection Act legal defence costs up to
£25,000 (Products Liability only)
Data Protection Act
Defective Premises Act
- Products
Financial Loss included up to an indemnity limit of
£250,000.
- £250
Property Damage excess.
Terrorism
- In respect
of any act of Terrorism, the limit of indemnity shall
not exceed the limit of indemnity shown in the schedule
or
£5,000,000 (whichever is the lesser).
Special
Features for RMI members
- Option
to include rectification cover for faulty or defective
materials used or workmanship undertaken by you if
they cause
an insured vehicle to be damaged in an accident. This
extension is subject to a £250 excess.
- No inner
limit to liability for customers' consequential loss
or loss of use claims.
- No excess
is applicable under this section, in respect of vehicles
sold.
Employers
Liability
- The standard
limit of Indemnity is £10,000,000 Standard cover
includes
Health & Safety at Work Act legal expenses costs
Unsatisfied court judgements
Court attendance compensation
Terrorism
- In respect
of any act of Terrorism, the limit of indemnity shall
not exceed £5,000,000.
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Business Interruption
Summary of
Cover:
- This
insurance is for financial loss following loss or
damage to your:
a) premises and other property insured under Material
Damage.
b) vehicles whilst on the road insured under Motor
Vehicle Road Risks.
- Cover
is provided on a no sum insured basis.
- No annual
declarations are necessary as cover is based on the
Gross Profit declared at the inception of each period
of
insurance.
- Choice
of Indemnity period.
- Standard
cover includes:
Damage to Public Utilities - full extension
Denial of Access
World-wide suppliers extension for motor vehicle manufacturers
and their component / materials suppliers
Foreign Travel
Transit
Customers extension
- Book
Debts included automatically up to £500,000.
Special
Features for RMI members
- New vehicles
in transit automatically covered under the Suppliers
extension
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Conversion / Fidelity Guarantee
Summary of
Cover:
Conversion
- Cover
is provided for loss following purchase of a vehicle
from a person who does not legally own it.
- Choice
of Limit of Indemnity.
- Cover
only provided if you are a subscriber to H.P.I. or
Experian Ltd.
- Standard
excess of £250
- Cover
is only provided for payments for vehicles made by
cheque, part exchange or credit, and not cash.
Fidelity
Guarantee
- Cover
provided for loss arising from acts of fraud and dishonesty
by your employees.
- Loss
must be discovered within 18 months of the act of
fraud or dishonesty.
- Choice
of Limit of Indemnity.
Please Note
This summary only provides brief details of typical
cover provided under the policy. For precise policy,
terms, conditions and exclusions please request a specimen
policy document.
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Corporate &
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