Genesis Risk Solutions

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Terms of Business
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GRS Are A Specialist Insurance Intermediary Providing A Range Of Insurance Solutions And Risk Management Advice To Individuals And Companies Operating Within The Construction And Contracting Trade Sectors, Including Those Deemed To Fall Into “High Hazard” Categories.

Based in the historical town of Rochford in Essex we offer a comprehensive insurance service throughout the United Kingdom. From sole traders to multi-million turnover organisations, we pride ourselves on delivering the same quality service whatever the size of your business.

GRS is committed to providing an outstanding level of service to both existing and prospective clients. We undertake a full fact find at the enquiry stage to help us understand all aspects of your business, and then formulate a detailed risk presentation for insurers on your behalf. This provides insurers the opportunity to put forward their best possible pricing.

GRS promise to give you independent, consistent advice on all aspects of your insurance program, discuss with you uninsured risk exposures and ultimately help you find insurance and risk management solutions at highly competitive terms.

We are members of the British Insurance Brokers Association (BIBA) and fully conform to their general operating standards and procedures.

Our team look forward to hearing from you.

Our considerable market expertise, built up over many years operating in a specialist trade sector, puts us in a unique position to offer free advice and assistance to a diversity of clients from a basic owner run business to the more complex risk.

When considering their insurance requirements many businesses will inevitably focus on their legal liability exposures to employees and third parties, potentially areas of greatest concern. Our services include provision for both Employer’s Liability and Public Liability Insurance and, in addition, embrace various other classes. These include:

BONDS AND SURETY
BUSINESS INTERRUPTION
CARGO AND TRANSIT
COMMERCIAL COMBINED
CONTRACTORS PLANT
CONTRACT WORKS AND JCT 21.2.1
DIRECTORS AND OFFICERS LIABILITY
ENGINEERING INSURANCE AND INSPECTION
HIRED IN PLANT
MOTOR FLEET AND COMMERCIAL VEHICLES
PERSONAL ACCIDENT
PROFESSIONAL INDEMNITY
PROPERTY DAMAGE AND PROPERTY OWNERS

This list is quite extensive but is not intended to be exhaustive. Please contact GRS for information on any insurance related area that falls outside of these guidelines.

High Risk Exposures

Our core business, and therefore one of our greatest areas of expertise, is the provision of insurance solutions for organisations operating within what are deemed to be “high hazard” or “high risk” environments.

Such trades could include:

CLIENTS OPERATING AT CONSIDERABLE HEIGHT OR DEPTH.
CLIENTS HANDLING HAZARDOUS CHEMICALS OR MATERIALS.
CLIENTS INVOLVED IN DEMOLITION ACTIVITIES.
CLIENTS OPERATING WITHIN NUCLEAR OR OTHER RESTRICTED SITES, AIRPORTS, DOCKS AND THE LIKE.

Please feel free to contact us to take advantage of our many years experience in this field.

Terms of Business (Statutory Trust) Company Registration no 5638109 England

The Financial Services Authority:

The FSA is an independent watchdog that regulates financial services. It requires that we should give you access to our terms of business. Please use this information to decide if our services are right for you.

Under our FSA status our permitted business is advising on, arranging, transacting and administering general insurance contracts.

Our services

We are an independent insurance intermediary and will act on your behalf in:

Arranging your insurance cover with insurers to meet with your requirements or, where requirements cannot be fully met, provide you with enough information to enable you to make an informed decision.
Helping you with any changes that you need to make to your insurance during the policy period.
Telling you when you need to renew your policy in time to allow you to consider and arrange any continuing cover.

The full wording of our terms of business is available on request.

GRS always work with insurers experienced in the specific trade sectors relevant to your business. The benefits of working with insurers that fully understand your business are demonstrated by cost effective policies that meet your demands and needs.

Our breadth of experience gives us direct access to the vast pool of UK general insurance companies and a number of specialist Underwriting Agencies. Using other long-standing business relationships we are also in a position to access all areas of the London Market including Lloyds.

We are always seeking to build on our panel of insurers and to keep you informed of significant industry developments, and emerging markets. New products and services are all closely monitored so that we can pass on any benefits to you.

The Financial Services Authority (FSA) is an independent body that regulates the financial services industry in the United Kingdom. They have been given a wide range of rule making, investigative and enforcement powers in order to meet four statutory objectives - market confidence, public awareness, consumer protection and the reduction of financial crime.

Genesis Risk Solutions Limited are fully authorised and regulated by the FSA under registration no 463687. This can be checked and verified by visiting www.fsa.gov.uk/register

To obtain a quotation from GRS simply select and complete one of the forms below. When you have completed the form, click submit and a member of our staff will then contact you to acknowledge receipt and to request any additional information that may be required.

Commercial Combined Application Form

1. General Information

Your Name

Your name is required.
Minimum number of characters not met.

Position

Position is a required.

Telephone Number

A telephone number is required.Please enter a valid telephone number.

Fax Number

Email Address

An email address is required.Please enter a valid email address.

Company Name

A company name is required.Minimum number of characters not met.

Trading Status

Please select a trading status.

Address

Please enter a valid address.
Please enter a valid address.

Postcode

A postcode is required.Invalid postcode.

Address Of Premises (if different from above)

Postcode

A postcode is required.Invalid postcode.

Business Description

Please enter a business description.
Please enter a business description.

Number Of Years Established At These Premises

A value is required.Please enter a valid number of years at premises.Please enter a valid number of years at premises.

Other Interested Parties

Please describe other interested parties.
Please describe other interested parties.

Period Of Insurance, 12 Months From

A date is required.Invalid date.

2. General Questions

2.1. Have you or any partner, director or principal shareholder in the Business either in a domestic or business capacity:

(A) Ever been refused insurance or had any special terms or conditions imposed by an insurer?

Yes No Please make a selection.

(B) During the last five years sustained any loss or had any claim made against you, whether insured or otherwise, in connection with any of the types of insurance for which cover is required?

Yes No Please make a selection.

(C) Ever been convicted of or is any prosecution pending for any offence involving dishonesty of any kind? (e.g. involving fire, fraud, theft or handling stolen goods)

Yes No Please make a selection.

If the answer to any of the above is YES please give full details

2.2. Have you or any principal in the business or any company in which you have had an interest been declared bankrupt, the subject of bankruptcy proceedings or made any arrangement with creditors?

Yes No Please make a selection.

If the answer to the above is YES please give full details

2.3. Are the Buildings at the Premises or any part of them unoccupied or occupied by any anyone other than you?

Yes No Please make a selection.

2.4. Please give details of the occupation of all parts of the Premises detailing the type of goods or services from the Premises

2.5. Are the Buildings at the Premises:

(A) Built of brick, stone or concrete and roofed with slates, tiles, metal or concrete, asbestos or slabs composed entirely of incombustible mineral ingredients?

Yes No Please make a selection.

(B) In an area which is subject to flooding or in an exposed position or close to any rivers, streams or other water courses?

Yes No Please make a selection.

(D) Heated only by fixed oil, electricity or gas installation? (but not LPG)

Yes No Please make a selection.

2.6. Are the Buildings at the Premises detached from other Buildings?

Yes No Please make a selection.

If NO please give a brief description of the business conducted from adjoining Buildings

2.7. In respect of the Building please state:

(A) Number of Stories:

A value is required.Invalid format.The entered value is less than the minimum required.The entered value is greater than the maximum allowed.

(B) What are the floors made of?

Please select an item.

Yes No Please make a selection.

If yes please state construction, age and condition:

(D) The age of the electrical installation:

Years A value is required.Invalid format.The entered value is less than the minimum required.The entered value is greater than the maximum allowed.

(E) When last inspected by a qualified electrician:

An answer is required.

(F) Whether an IEE certification has been issued:

Yes No Please make a selection.

(G) The quantities of liquids/substances with a flash point of below 32 degrees centigrade kept or used at the Premises:

An answer is required.Minimum number of characters not met.

(H) What the storage arrangements are for said liquids/substances:

(I) The type(s) of Fire Extinguishing Appliances sited at the Premises

Water CO2 Dry Powder Hose Reels Other Minimum number of selections not met.Maximum number of selections exceeded.

(J) The number of Fire Extinguishing Appliances sited at the Premises

A value is required.Invalid format.The entered value is greater than the maximum allowed.

2.8. In Respect of the Buildings:

(A) Are all external doors protected by Five Lever Mortice Deadlocks?

Yes No Please make a selection.

(B) Are all windows protected by at least one key operated lock or by bars or grilles?

Yes No Please make a selection.

If the answers to 2.8(A) or (B) are NO please give details:

2.9. Are the Premises protected by an Intruder Alarm?

Yes No Please make a selection.

If YES please state:

Installer:

Are they NACOSS approved?

Yes No Please make a selection.

Date of installation:

Invalid format.

Is the system maintained under Contract by the Installer?

Yes No Please make a selection.

Method(s) of Alarm Signaling:

Bells Central Station REDCARE
Private line to Police Station
Minimum number of selections not met.Maximum number of selections exceeded.

3. Material Damage

3.1. Please indicate Cover required:

Please select an item.

3.2. Do you wish to insure against Limited Perils only?

Yes No Please make a selection.

If YES please state Perils to be insured:

3.3. Do you wish to amend the standard Policy Excess of £250?

Yes No Please make a selection.

If YES please indicate the amount of Excess required:

£
Invalid format.The entered value is greater than the maximum allowed.

3.4. Do you require Subsidence Insurance?

Yes No Please make a selection.

3.5. Are the Premises free from any damage caused by Subsidence, Landslip or Heave from any Cracks to external walls and without any history of damage?

Yes No Please make a selection.

3.6. Are the neighboring Properties or the immediate area in which your Premises are sited free from From any signs of damage by Subsidence, Landslip or Heave and without any history of change?

Yes No Please make a selection.

3.7. Please state the Sum Insured required in respect of:

(A) Buildings: (based on full new rebuild costs including an allowance for architects, surveyors and Consulting engineers fees, removal of debris and public authority costs)

£ A value is required.Invalid format.

(B) Machinery, plant, fixtures and fittings and all other contents (other than below) - based on full replacement value of all property owned or held in Trust BUT EXCLUDING Computer Equipment:

£ A value is required.Invalid format.

(D) Stock in Trade:

£ A value is required.Invalid format.

(E) Tenants improvements and decorations:

£ A value is required.Invalid format.

(F) Any other Property:

£ A value is required.Invalid format.

Please specify nature of other property:

TOTAL:

£ A value is required. Invalid format.

3.8. Please specify separately the values relating to the following, that DO ALREADY form part of the Sums Insured that you have mentioned above:

(A) Wines and Spirits:

£ A value is required.Invalid format.

(B) Cigarettes & Tobacco:

£ A value is required.Invalid format.

(D) Photographic Equipment:

£ A value is required.Invalid format.

(E) Audio/Visual Equipment:

£ A value is required.Invalid format.

(F) Video tapes, Discs & CD’s:

£ A value is required.Invalid format.

4. Business Interruption

4.1. Please indicate Cover required:

Please select an item.

4.2. Please indicate Basis of Cover:

(A) Gross Profit Minimum number of selections not met.Maximum number of selections exceeded.

Sum Insured: £ Invalid format.

(B) Gross Revenue Minimum number of selections not met.Maximum number of selections exceeded.

Sum Insured: £ Invalid format.

Notes:

The Sum Insured for (a) or (b) above should represent the anticipated Gross Profit/Revenue during the maximum Indemnity period beyond the year of Insurance.

The Sum Insured for (C) above should represent the anticipated cost which would be incurred in re-establishing the Business following Interruption.

4.3. Please state the maximum Indemnity Period required:

Please select an item.

Notes:

The maximum Indemnity Period should be the greatest length of time during which the Business could be interrupted or disrupted following physical damage to the Property.

4.4. Is Cover to include interruption following damage:

(A) At Suppliers and/or Customers premises?

Yes No Please make a selection.

If YES please state:

Whether Supplier or Customer:

Please select an item.

Name and Address:

% of Profit or Monetary Limit required:

(B) To nearby property preventing access or use of your Premises?

Yes No Please make a selection.

5. All Risks-Business Equipment

If you require specific All Risks Insurance on specified items please indicate against each item the Description, Make, Model, the Territorial limits that you need and the Sum Insured.

no.

Description

Make

Model

Territorial Limits

Sum Insured

6. Money

When answering the following questions the term MONEY should EXCLUDE cross cheques, cross giro cheques, cross postal orders or money orders, crossed bankers and/or giro drafts, un expired units in franking machines, stamped national insurance cards, national savings certificates, premium bonds, credit card vouchers and VAT purchasing invoices.

6.1. Please State:

(A) The estimated total amount of money carried to and from the Bank during the year. (i.e. estimated annual carryings)

£ A value is required. Invalid format.

(B) The limit to apply to any single loss of money. (This should represent the maximum loss which could be sustained at any time either in the Premises during Business hours, or in transit or in a bank night safe.)

£ A value is required. Invalid format.

(C) Details of safes and strong rooms and the amount of money contained therein out of Business hours in respect of which insurance is required.

no.

The Premises

Make

Model

Name

Amount

6.2. Is the transit of Money carried out by a specialist Security Company?

Yes No Please make a selection.

If you answered YES to 6.2. please answer the following:

(A) Does the security Company accept full liability for all Loss of Money in their custody?

Yes No Please make a selection.

(B) Can such Money be excluded from this insurance?

Yes No Please make a selection.

6.3. Is cover required in respect of Personal Accident and/or Injury as a result of robbery?

Yes No Please make a selection.

If you answered YES to 6.3. and you require Personal Injury benefits larger than £5,000 for Death and Permanent Disability and £50 per week for Temporary Total Disability please state amount required:

Capital amount:

£ A value is required.

Per Week:

£ A value is required.

7. Glass

Please indicate cover required:

All Glass Please make a selection.

Sum Insured:

External Glass only Please make a selection.

Automatic Covers

£ A value is required.

(A) Sanitary Ware

Automatic Covers

£ A value is required.

(B) External Signs

Automatic Covers

£ A value is required.

Automatic Covers

£ A value is required.

(D) Frames and Framework

Automatic Covers

£ A value is required.

(E) Goods on Display

Total Sum Insured:

£ A value is required.

Total Sum Insured:

8. Goods In Transit

NOTE: Standard Goods in Transit cover excludes furs, Jewellery, precious stones, precious metals, pictures, paintings, works of art, bullion, explosives and goods of a dangerous nature unless specifically requested

8.1 Please describe fully the nature of all goods to be insured in transit.

Please describe goods to be insured in transit.

Note: If cover is required in respect of tobacco, wines, spirits, clothing, non-ferrous metals, photographic equipment, audio/visual equipment, computers, computer games, computer software, video tapes, cassettes, disc or audio tapes then Please state maximum value:

£ A value is required.

8.2 Premium discounts are normally available for excesses above the minimum of £100. Is an increase required?

Yes No Please make a selection.

If you answered YES to 8.2 then please state the excess required:

£ A value is required.

8.3 In respect of property in transit by your own vehicles, please state:

(A) The estimated value of property in transit during the next 12 months:

£ A value is required.

(B) The maximum value of any one load:

£ A value is required.

A value is required.

8.4 Are business vehicles fitted with alarms, immobilisers or other protective devices?

Yes No Please make a selection.

If you answered YES to 8.4 please give details:

8.5 In respect of property in transit by road, carriers, rail or post, please state:

(A) The estimated total value of property in transit during the next 12 months:

£ A value is required.

(B) The maximum value of any one consignment by rail, road or carrier:

£ A value is required.

8.6 Are there written contract conditions applying in respect of road and rail transits?

Yes No Please make a selection.

If you answered YES to 8.6 please advise what conditions of carriage apply:

A value is required.

9. Deterioration of Refrigerated Stock

9.1 If you have refrigerated or frozen stock in machines (up to 10 HP) which are less than 15 years old and you wish to include deterioration of such stock due to failure of these machines then please state:

no.

Description

Make of Refrigerator/Freezer

Model

Age-in Years

Sum Insured

9.2 Are all refrigerators/freezers the subject of a current manufacturers guarantee or warranty or a maintenance contract with a competent refrigeration engineer?

Yes No Please make a selection.

10. Book Debts

10.1 Please state:

(A) The maximum amount of debit balances likely to be outstanding at any one time including an allowance for expansion of business, seasonal variations, inflation and VAT but deducting an allowance for bad debts

£ A value is required.

(B) The address where records are kept (if different from the main premises)

A value is required.

10.2 Are records kept within a safe, strong room or fire resisting cabinets?

Yes No Please make a selection.

10.3 Please State:

(A) Are details of accounts on a computer?

Yes No Please make a selection.

(B) Are any duplicated records kept?

Yes No Please make a selection.

If YES please specify where such duplicates are kept:

A value is required.

Daily Weekly Monthly Other:
Please make a selection.

10.4 What proportion of payments are made by you by bankers order, direct debit, standing orders or other such methods of payments which does not involve application to the customer for payment:

A value is required. %

11. Loss Of License

11.1 Please indicate whether cover is required following the loss of:

Please select an item.