Contractors’ Insurance
This option enables you to choose the
insurance
Our Bespoke solution enables you to choose the insurance policies and limits you require. Your customers often require specific cover to enable you to fulfil your contracts with them. Our Bespoke service enables you to create your very own insurance package. Simply let us know what limits and types of insurance you need. These will normally include the types of cover below:
Whereas our Package option offers a fixed selection of policies and limits for a fixed premium.
Our specialists are here to help, call 0207 929 5454 to speak to a member of the team about your needs.
Contractors Terms of Business
Contractors Miscellaneous Policy Wording
Professional Indemnity
What is Professional Indemnity (PI), also known as Errors & Omissions Insurance (E&O)?
A very simple explanation of the cover offer by this policy is when providing a service,
irrespective of which service, you have a “duty of care” to act in a fit and proper manner.
Professional Indemnity insurance insures the resulting legal cost and liabilities when
such a service is deemed to have breached your “duty of care”.
This policy is a “claims made” policy so any insured act/claim needs to be committed and made during the current period of insurance. For a more detailed description please contact us to seek a copy of the appropriate policy wording.
Public Liability
Public Liability Insurance protects you from claims alleging bodily injury or property damage or even death to members of the public. These could be your customers, visitors to your premises or even ‘passers-by’ who may be in the wrong place at the wrong time! These claims will not only result in significant cost but also consume valuable time to resolve and limit the resolve and maintain the business’ reputation.
That’s why it is essential to protect your company with the highest quality of insurance from a provider that specialises in public liability issues. We will translate the insurance and legal jargon and offer clients-centric, bespoke, and personalised support every step of the way.
By adopting a different approach with our clients’ insurance, we can find the best policy to suit your corporate needs.
Employers Liability
As a business owner, you take on the risk of potential employee injury claims.
It is a common belief that a Professional Service Company (PSC) has no employees
but this is not the case, directors are employees, as are sub contractors.
Employers’ Liability Insurance is compulsory for almost all UK registered companies
and protects your company from claims alleging property damage, bodily injury or
even death to members of your staff and is purchased by all companies be they
large or small.
Randell Dorling Limited (RDL) recognises the minimal exposure but also the legal
need to have this insurance and therefore the premium when purchased with other
insurance policies reflects this position. The legal minimum limit is £5,000,000 per
cooccurrence but often a limit of £10,000,000 is required by engaging forms.
Contents: All risks
Office contents such as computers and office furniture can be expensive and difficult to replace, so adding Content: All risks to your policy can give peace of mind that your office equipment is protected.
Directors & Officers Insurance
While having seniority can be both rewarding and a career highlight, it puts your directors and officers at a higher risk.
We all know that mistakes happen, and even the most senior of staff aren’t immune from making errors. However, the more responsibility you have within a company the more the mistake can have serious consequences. If your directors or officers commit a ‘wrongful act’, even if it was unintentional or unforeseeable, they could become personally liable for their actions.
Management teams are often under pressure. Directors and Officers Insurance can help to take the stress away if a claim is made against them.
A simple description of D&O policy is that understanding that a director and/or an officer of the Insured company has a “duty of care” to manage the company, be it private or public. in a fit and proper manner. A D&O policy insures the resulting legal costs and resulting liabilities incurred by a director and/or officer during an allegation that such a service is deemed to have breached this “duty of care”.
A director or officer is a person who acts in a directorial position whether be it in name or by their actions. This policy is a “claims made” policy so any insured act/claim needs to be committed and made during the current period of insurance.
