Within the commercial division, we provide service to a broad range of clients across all trade sectors. Whilst on occasion this will involve the purchase of a specific trade insurance product (e.g. Property Owners Combined, Hotel Package, Motor Traders Combined etc) many of the insurance programmes that we design and arrange involve a combination of insurance products from a number of different insurers. Nevertheless, whether a specific trade package or a collection of individual policies, the protection arranged is likely to reflect some combination of the undernoted core classes of insurance: -

Asset protection and/or business interruption
Repair, reinstatement or reimbursement following physical loss, damage or destruction of tangible property (e.g. buildings, contents, stock etc) arising from a range of causes and consequential losses flowing directly therefrom.

Employers liability
Legal liability for death, injury or disease sustained by employees in the course of their employment.

Public and/or products liability
Legal liability in respect of accidental death or injury to third party persons or accidental damage to their property including liability arising out of goods sold or supplied.

Construction risks
All Risks of loss, damage or destruction to: the permanent and temporary works/materials incorporated; contractors' plant, tools, equipment; temporary accommodation; and, hired in plant. Transit risks can also be included.

Marine and/or transportation risks
Repair, reinstatement or reimbursement following physical loss, damage or destruction of goods whilst in transit anywhere in the world.

Motor fleet (company and employee owned schemes)
Tailored protection for small and large fleets, whether company or employee owned vehicles. A wide variety of cover, use and excess are available in respect of all vehicle types from private cars through to heavy goods vehicles and special types.

Professional indemnity
Legal liability to compensate third parties in respect of financial loss arising from a breach of professional duty due to any negligent act, error or omission alleged to have been committed by the company or its employees.

Cyber liabilities
First party and third party liability arising out of the use of email, owning a web site, using the internet or hosting a web site due to errors or omissions or the negligent use of the same. First party liability relates to malicious or random hacking of the organisation's own systems/website. Third party claims can include: breach of duty; infringement of intellectual property rights; breach of confidentiality; loss of documents, including system and records; libel and slander; downloading of virus to third parties; and, liability arising out of data protection legislation.

Legal expenses
Cover for costs incurred in defending actions brought against the company or costs of pursuing actions against third parties.

Employment practices liability
Protects the company, its directors, officers and employees for a claim brought by any current, prospective or past employee for a broad range of employment-related allegations, such as, wrongful dismissal, breach of employment contract, discrimination, breach of data protection laws, etc.

Director's & officer's liability
Covers unspecified directors and officers, and the company to the extent it indemnifies them, for civil or criminal defence costs, legal representation expenses, damages (whether compensatory, punitive, exemplary or aggravated), judgements and settlements on account of claims by shareholders, employees, creditors, customers competitors, regulators and other third parties.

Pension trustees liability
Protects the organisation, the scheme, directors and officers, and employees involved in management of the scheme against a comprehensive range of allegations including, breach of statute, negligence, administrative error or omission etc.

Financial risks

• Credit: Indemnity against non-payment of monies owed by creditors, usually due to insolvency.
• Bonds: A contract of guarantee whereby the Surety guarantees that a contractor's obligation, under his contract, will be performed.
• Warranty & Indemnity: Insurance against the non-performance of general or specific warranties entered into within a Sales and Purchase (or Asset Sale) Agreement. Indemnities are available to both vendors and purchasers.

Business travel
Comprehensive cover (e.g. medical treatment, personal/business possessions, loss of money, cancellation/curtailment, personal accident, legal expenses and personal liability) in respect of over-seas business trips; available either on a "one-off" or annual basis.

Group personal accident
Provides lump sum and/or weekly benefits in the event that an accident renders an employee either permanently or temporarily disabled (can be extended to include sickness).

Private health/medical
Provides cover in respect of the costs of private medical care.

Environmental liabilities
Protection is available against any or all of the following key exposures:

• Civil liabilities e.g. when contamination migrates from one site to another, threatening to harm land, buildings, personal property, businesses (revenues and profits) and people.
• Clean - up (regulatory) liabilities e.g. the Environment Agency can enforce the landowner to render the site safe and this could involve hundreds of thousands of pounds per acre in addition to legal and technical costs.
• Criminal liabilities e.g. Directors and Officers can be fined or even imprisoned, for contravening UK environmental law by breaching a Statutory Notice requiring a site to be remediated.
• Associated legal and technical costs e.g. professional costs either to bring or defend a legal action if all or any of the above liabilities are incurred.

Require more information? email info@lycetts.co.uk