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Types of policy cover

Types of Policy Cover

Explore Policy Cover Options

The following is a summary of the different types of policy that we can offer. This list is not exhaustive: should you require any additional information regarding these or any other form of insurance we would be delighted to assist.

Management Liability Package

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This protects directors, officers, managerial and supervisory employees against claims arising from their actions and decisions made on behalf of their company. It also reimburses them for the often-considerable legal costs that they incur in defending a claim.

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Commercial Combined

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Package policy for companies of all sizes which can include insurance for buildings, contents, stock, goods in transit, employers’ liability, public & products liability, money, business all risks, & business interruption. Primarily for manufacturers, distributors and non-retail outlets.

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Commercial Legal Expenses

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This can be sold as an extension to other commercial policies or as a standalone policy providing there is at least one employee.

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Commercial Property Owners

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Buildings insurance for most types of commercial premises including blocks of flats and let residential properties. Optional covers include loss of rent, day one cover, Employers’ Liability and landlords’ contents insurance.

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Contractors All Risks

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Including public, products and employers’ liability, employees’ tools, own plant, hired in plant, temporary buildings & contract works. The premium will normally depend on limits of liability, wages & turnover.

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Engineering Insurance

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Includes stand-alone cover for most types of plant, machinery and equipment including computer policies and machinery movement. Statutory engineering inspection policies can also be arranged e.g. for fork lift trucks or lifts.

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Goods in Transit

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We can quote for most types of goods and occupations. Cover can be arranged on all risks basis, RHA conditions of carriage or CMR cover for European risks.

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Homeworkers

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We can insure most self-employed people who work from home for business contents & liability cover. Extensions to this include work away liability & business all risks. The homeworkers policy is normally sold as a separate policy to household contents, but we can include home buildings & contents if required.

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Liability

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Public, Products and Employers’ liability. Cover can be arranged either on a ‘per capita’ basis up to a maximum of 12 employees, or on a ‘wages and turnover’ policy for larger risks and for high risk liability. Wages and turnover policies have no limit on the number of employees or sub-contractors. Standard limit of indemnity is normally up to £5,000,000 but we have access to schemes where a higher limit is required.

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Motor Trade

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We have specialist schemes for full time motor traders. Cover can be arranged for Motor Trade Road Risks, Motor Trade Liability, or a Combined Motor Trade Policy where the insured trades from a commercial premises. Cover can be extended to include stock, Liability, Sales/Service Indemnity, Money & Glass, Buildings, Contents and Machinery and Engineering Insurance

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Professional Indemnity

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Policies are available for most professional occupations. Directors’ & Officers’ cover is also available. Clients should be made aware they need to complete a proposal form before we can provide a quotation due to the varying degrees and categories of work undertaken and CV’s are often required.

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Shops, Offices, Pubs, Hotels, Restaurants and Sports & Social Clubs

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Package policies are available for premises of all sizes

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Terrorism Insurance

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As this is now excluded from most policies Terrorism cover can be added to most policies for an additional premium.

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Cyber Insurance

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This protects businesses against costs arising from cyber-crime activity such as; cyberattacks, data breaches and social engineering fraud.

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01905 930 760

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FAQs

Do I need commercial marine insurance?

If you run a business that operates in the commercial marine industry, you will need some form of insurance to cover your liability and ultimately protect your business from the costs of any claims, compensation, damage or loss that could threaten your business.
The marine trade sector is wide ranging, with some businesses operating at a higher level of risk than others – but things can go wrong at any level. From damage to a premises such as a boatyard, to theft of valuable tools, to a collision at sea or simply faulty service, the costs of making good after a mistake or loss can cripple a business. Robust commercial marine insurance protects you.

What types of marine trade insurance do you offer?

We have close relationships with many marine industry insurance providers, enabling us to offer a wide selection of covers that can be tailored to your individual basis. As a rule, we can offer Commercial Combined, Management Liability Policy (MLP), Directors and Officers (D&O) Liability, Public Liability, Cyber, Legal Expenses, Engineering, Personal Accident, Travel, Cargo, Hull, Professional Indemnity, Protection and Indemnity (P&I) and more.

To make sure your marine business has the right insurance, we will talk to you about your business to identify your risks and tailor your policy accordingly – either in person at your business premises, or over the phone.

What marine trades do you cover?

For the most part, we are able to find cover for nearly all marine trades, from international shipping companies, to yacht clubs and marines, to underwater drone operators. Whatever your business, we will talk to you about your needs and do our best to help. If we cannot cover you directly, we may refer you to more specialist brokers who we believe could be of more assistance.

Please note, currently we are unable to offer cover to commercial enterprises involving diving.

How much does marine trade insurance cost?

Every marine trade business is different so there’s no fixed cost that applies to everyone. We’re always happy to tailor your commercial marine insurance to your business so you only pay for the cover you need, and our good relationships with multiple insurance providers means we can look for the most competitive quotes.

To get an idea of how much a policy for your business would cost, your easiest option is to give us a call on 01905 930 760 and we can source appropriate quotes based on our conversation.

What happens if I need to claim?

If you need to claim, you need to let either us or your insurer know as soon as possible. Your insurer’s details will be on your policy documents, but you can also call us on 01905 930 760, Monday to Friday 9am – 5pm.

Marine trade insurance, expertly navigated

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Haven Knox-Johnston Commercial is a trading name of Howden UK Brokers Limited, which is authorised and regulated by the Financial Conduct Authority No. 307663. Registered in England and Wales under company registration number 02831010. Registered Office: One Creechurch Place, London EC3A 5AF. Calls may be monitored and recorded for quality assurance purposes