LOGISTICS INSURANCE

Cyber Insurance is designed to help your business offset the costs of recovery after a cyber-related security breach, ransomware attack or similar event. A comprehensive cyber policy will cover you for the direct costs and liability to third parties following a cyber-attack. However, policies often exclude financial or asset losses incurred by your business following an attack.

Crime Insurance protects your business against the financial losses incurred because of fraudulent activity (many policies include cyber events); criminals (including cyber criminals and employees) taking or misappropriating money, securities or property such as funds taken from your account.

Protects your business against the financial losses incurred because of fraudulent activity (many policies include cyber events); criminals (including cyber criminals and employees) taking or misappropriating money, securities or property such as funds taken from your account.

WHAT TYPES OF COVER CAN A CRIME POLICY PROVIDE?

Cover generally includes:

• Employee dishonesty
• Theft
• Forgery or alteration
• Computer fraud
• Funds transfer
• Money & securities.

It is also important to consider other possible extensions to a Crime policy, for example Third Party Property whilst it is under your control, Contractual Penalties, or Business Interruption costs arising from a criminal act. Policies can also cover costs associated with investigating and limiting a loss and crisis response.

Protects transport companies, like hauliers, carriers or freight forwarders, if the goods they’re moving are lost or damaged and they are found legally responsible.

Contingent Liability Insurance protects a business when it becomes legally responsible for loss or damage caused by someone else, usually a subcontractor, supplier or third party, when that person fails to meet their own responsibilities.

Protects a business when it takes on extra responsibilities or obligations in a contract that go beyond its normal legal liability.

When two companies sign a contract, one party may agree to take responsibility for certain risks — for example, damage, injury, or loss occurring during the work.
If something goes wrong, that party could be held liable because of the contract, even if the law wouldn’t normally make them responsible.

Contractual Liability Insurance covers those additional liabilities the business agrees to under the contract.

Buildings & Property Insurance

If you own a commercial building of any kind, whether tenanted or used a base for running your own business, protecting the bricks and mortar is essential.

Building Insurance usually provides cover against flood, fire, storm damage, subsidence and theft. We can place cover for single commercial properties or commercial property portfolios. Cover can be extended to include Debris Removal, Builders Risk Insurance and Glass Insurance.

Contents Insurance cover will protect what is inside the building including fixtures, fittings and items such as furniture and computer equipment.

Business Interruption cover can protect your business from interruption costs following an insured event such as a fire, flood or breakdown of essential equipment. Damage to buildings and/or equipment can be incredibly costly to your business even if these are covered under a building and contents policy, due to the interruption caused to normal trading and operations. Business Interruption Insurance can cover the costs of employee wages, renting of alternative premises and other overheads during the period covered in your policy.

Professional Indemnity Insurance (PI insurance) protects against financial losses from liability claims made by a client against an individual for alleged errors relating to their professional work.

If your advice or service fails to meet the expectations of a client, you or your business may be faced with a claim of negligence and be held liable for any loss or damage caused.

For the duration of a journey Marine Cargo or Goods in Transit will cover the loss, damage or theft of cargo between the points of origin and destination. When moving or shipping goods it covers against loss or damage while in your vehicle or when being transported by a third-party carrier. The sum insured may be a limit for each package, each vehicle or any one consignment.

Goods in Transit also known as Marine Transit Insurance covers the loss, damage or theft of cargo between the points of origin and destination. It covers goods against loss or damage while in your vehicle or when sent by a third-party carrier. The sum insured may be a limit for each package, each vehicle or any one consignment.

Stock Throughput Insurance protects a company’s goods at every stage of their journey, from raw materials, through manufacturing, storage, and distribution, all the way to final delivery.

Why it’s useful

Instead of having separate policies for:

• goods in transit
• goods in storage
• goods being processed

…it combines everything into one seamless policy.