Insurance Cover Spreadsheet - QLA-11U001-0013 - Major policies 2004/05      
             
Type of policy/class of business Description Excess Stop Loss Limit of Indemnity/base sum insured Insured Perils Areas not insured
Property (material damage) general & education properties + VA schools Buildings cover £100k   n/a Fire, lightning, explosion, aircraft, riot & earthquake Malicious damage, storm, flood, escape of water, impact, sprinkler leakage, subsidence, landslip, accidental damage & theft
Property (fees & debris removal in respect of above properties) Fees & debris removal cover £100k £400k * n/a Fire, lightning, explosion, aircraft, riot & earthquake Malicious damage, storm, flood, escape of water, impact, sprinkler leakage, subsidence, landslip, accidental damage & theft
Property - Business Interruption - Additional Expenditure Cover for costs incurred to keep the business running in the event of a loss of an insured premise £100k   n/a Fire, lightning, explosion, aircraft, riot & earthquake Malicious damage, storm, flood, escape of water, impact, sprinkler leakage, subsidence, landslip, accidental damage & theft
Property - Money Cover for loss of money, cheques etc Nil None n/a As defined in policy documentation Fraud/dishonesty (recoverable under fidelity guarantee), error in accounting practice, opening of safes or strong rooms using keys (as opposed to break in)
Terrorism Cover for acts of terrorism Nil None n/a As defined in policy documentation  
Casualty - Public Liability Cover for legal liabilities incurred for bodily injury and property damage to third parties £125k   £30m Legal liabilities incurred Legionella (from April 2004), asbestos (from April 2005 onwards)
Casualty - Employers Liability Cover for legal liabilities incurred for injury to employees £125k £1.3m ** £30m Legal liabilities incurred  
Casualty - Libel and Slander Cover for legal liabilities incurred for financial losses and costs suffered by third parties as a result of defamation by employees and members £125k   £1m Legal liabilities incurred  
Casualty - Officials Indemnity Cover for legal liabilities incurred for financial losses suffered by third parties as a result of employee actions £125k   £5m Legal liabilities incurred  
Type of policy/class of business Description Excess Stop Loss Limit of Indemnity/base sum insured Insured Perils Areas not insured
Casualty - Professional Negligence - Property Services Cover for legal liabilities incurred for financial losses suffered by third parties as a result of employee actions £125k £1.3m ** £1m Provision of building surveying, architectural, estate valuations & other property related matters for various clients  
Motor - Risk & Financial Management Programme Cover for Council owned or operated vehicles, mostly fleet £125k   n/a Comprehensive cover for vehicle repairs subject to £250 departmental excess Usual exclusions as defined in policy documentation
Engineering Insurance Cover for boilers/pressure vessels, lifts & other machinery £100 None £0.5m insured plant,  £1m damage to surrounding property,  £100k fragmentation Pressure plant - fragmentation, explosion, collapse, sudden &unforeseen damage.  Lifting tackle and equipment, playground equipment - fragmentation.  Miscellaneous machinery - fragmentation, breakdown, sudden & unforeseen damage.  All as per schedule of equipment Items not listed on schedule
Fidelity Guarantee Cover for financial loss as a result of fraud/dishonesty by employees Nil None £11m - two designated officers, £8m - five designated officers, £1m - all other employees Designated officers on schedule for upper limits and all other employees generally  
Land Charges Cover for financial losses suffered by third parties as a result of acts or omissions by employees Nil None £1m Acts or omissions resulting in third party financial losses Errors as a result of data processing systems
Public Health Act Cover for sums for which the Council is legally liable to pay under various legislation Nil None £250k Public Health (Control of Disease) Act 1984, Food Safety (General Food Hygiene) Act 1995  
Type of policy/class of business Description Excess Stop Loss Limit of Indemnity/base sum insured Insured Perils Areas not insured
Marine - Cowes ferry Cover for Cowes ferry (floating bridge) £5k standard + additional £5k machinery damage None £1.2m The vessel as defined in policy documentation Cars and passengers - considered as third parties as opposed to cargo
Marine - Harbour Launch Cover for the 'Medina' (Newport Harbour launch) £100 None £1m The vessel as defined in policy documentation Standard exclusions as defined in policy documentation
Contractors plant - hired in - PE-0025 Cover for items of plant hired in and used by Council employees £500 theft, £500 all other claims None £250k Mechanical, electrical, or manually powered implements, materials containment equipment, site huts, cabins, caravans or similar temporary buildings and their permanent fixtures & fittings, scaffolding, staging, ladders & similar equipment  
Commercial/Industrial premises - leased out - F-0011 Buildings cover £250 malicious persons, storm, flood, escape of water (if taken) None £15m Fire, lightning, explosion, riot, strikers locked out workers, earthquake, subterranean fire, spontaneous fermentation or heating Damage to computer or other equipment
Commercial/Industrial premises - leased out - F-0021 Buildings cover £250 storm, flood (if taken) None £15m Fire, lightning, explosion, earthquake Damage to computer or other equipment
Commercial/Industrial premises - leased out - F-0111 Buildings cover £250 malicious persons, storm, flood, escape of water (if taken) None £15m Fire, lightning, explosion, earthquake, subterranean fire Damage to computer or other equipment
* Combined stop loss for these covers            
** Combined stop loss for these covers