Insurance for sole traders, partnerships and limited companies

The CRAFTINSURANCE SCHEME is specifically for Crafts People who manufacture / sell their product from home, studio, workshop or small craft unit or via craft shows, exhibitions, galleries etc.

You must be normally resident in Great Britain, Northern Ireland, the Channel Islands, Isle of Man or the Republic of Ireland.

Cover applies anywhere within Great Britain, Northern Ireland, the Channel Islands, Isle of Man and the Republic of Ireland. Cover also extends to include the other member countries of the European Community. We do not impose a limit on the number of shows etc.attended.

We can also include cover for DEMONSTRATIONS, TUTORING/TUITION & WORKSHOPS FOR TUTORING/TUITION specifically related to your craft if requested, at NO ADDITIONAL COST

IMPORTANT NOTICE - PLEASE READ (EFFECTIVE FROM 1ST FEBRUARY, 2013)

PUBLIC / PRODUCTS LIABILITY

PRODUCTS SUPPLIED TO USA / CANADA.

If you knowingly supply / send products to these countries then it is necessary for you to advise us accordingly. The supply of products to USA / CANADA constitutes a material fact and should be advised to us. We reserve The right to exclude this cover dependent upon individual circumstances. .

ALL RISKS STOCK

Please note that ALL RISKS STOCK cover relates specifically to completed ready for sale products. COVER FOR raw materials USED FOR MANUFACTURING PURPOSES IS specifically excluded

Minimum Cover - Public & Products Liability

Protection against your legal liability for bodily injury to third parties and damage to their property

Premiums:

-	Sum insured	Cost
Indemnity Limit	£1,000,000	£71.00 pa
Indemnity Limit	£2,000,000	£87.00 pa
Indemnity Limit	£5,000,000	£101.00 pa

All premiums include Insurance Premium Tax at the prevailing rate (currently 6%)

Our mandate allows us to arrange insurances within the UK and ROI only.

COVER CAN BE OBTAINED BY COMPLETION OF THE ON LINE APPLICATION (STATEMENT OF FACT) AND PAYMENT OF THE APPROPRIATE PREMIUM. No cover will commence until we have accepted the Statement of Fact and have agreed to hold cover. Payment can be made via credit/debit card on 0800 919359 to obtain immediate cover. Cheques are payable to Ian W. Wallace Ltd or payment can be by direct debit. (a small charge is made by Aviva for this service. Currently 6% (APR 13.7%)).

All cover is subject to receipt of a satisfactory and fully completed STATEMENT OF FACT (ONLINE APPLICATION)

Optional Cover - Employers' Liability

Protection against your legal liabilities for bodily injury to your employees up to an Indemnity limit of £10,000,000 including legal costs and expenses

Premiums:

Indemnity	Limit	Cost
Indemnity Limit	£10,000,000	£51.00 pa

All premiums include Insurance Premium Tax at the prevailing rate (currently 6%)

Optional Cover - All Risks - Saleable Stock

Anywhere in the UK, whilst in transit and overnight at shows etc. Sum insured is based upon trade or manufactured cost - not retail value

Premium

Sum Insured	Cost
£2,750*	£105.00

Automatic cover up to £250.00 for display stands, tables, chairs and lighting whilst at shows included

*Sums insured above minimum are calculated at £45.00 per £1000 sum insured based on trade value or part thereof

Additional Stand Cover per £1000 or part thereof £45.00 pa

All premiums include Insurance Premium Tax at the prevailing rate (currently 6%)

Optional Cover - Machinery and Equipment at Own Premises

Machinery and Equipment at Insured's Premises/Workshop for manufacturing purposes: (exc. Laptops/Cameras/Mobile phones/personal effects)

Sum insured should represent the value of all equipment unless items are specifically mentioned and based upon the replacement cost as new

Premium

Sum Insured	Cost
£1,000	£33.00 pa

£33.00 per £1,000 sum insured or part thereof based upon replacement cost as new.

All premiums include Insurance Premium Tax at the prevailing rate (currently 6%)

Optional Cover - Machinery & Equipment at Shows

For manufacturing purposes: (exc. Laptops/Cameras/Mobile phones/personal effects) Machinery/equipment should be specifically mentioned

Premium

Sum Insured	Cost
£1,000	£45.00 pa

£45.00 per £1,000 sum insured or part thereof based upon replacement cost as new:

All premiums include Insurance Premium Tax at the prevailing rate (currently 6%)

What is Covered

Ian Wallace Craftsman policy summary

This is a summary of the policy and does not contain the full terms and conditions of the cover, which can be found in the policy document. It is important that you read the policy document carefully when you receive it.

Name of the insurer

The insurer of the policy is Aviva Insurance Limited.

Type of insurance and cover

The Craftsman policy contains the core cover of Public and Products Liability with the option to select further covers to protect your business.

Key covers, features and exceptions

This summary provides an overview of the key covers, features and exceptions available within the policy. If you have selected any of these covers they will be itemised in your schedule and full cover details will be set out in your policy document.

Core covers

Public and Products Liability

Cover, features and benefits	Exceptions and Limitations
Protection against your legal liability for bodily injury to third parties and damage to their property, including obstruction, trespass, nuisance, interference, wrongful arrest and eviction. Cover includes: Liability for loss of or damage to premises hired or rented to you for the purpose of your business Legal costs and expenses in defending prosecutions under relevant health and safety legislation, Consumer Protection Act 1987 and Food Safety Act 1990 Court attendance costs	Please refer to Section A of the policy booklet Cover for acts of terrorism is limited to £2,000,000 for any one event Loss or damage to property in your custody of control or to products supplied Liability arising out of products supplied in the knowledge that they could affect the navigation, propulsion or safety of any aircraft or other aerial device Pollution or contamination Work in or on or travel to or from or within products supplied to any offshore installation or support vessel Liquidated damages, penalty clauses, fines or punitive damages Exposure to, inhalation of, fears of the consequences of exposure to/inhalation of, costs incurred in repairing, removing, replacing, recalling, rectifying, reinstating, or managing any property arising out of the presence of Asbestos.

Cover, features and benefits

Exceptions and Limitations

Protection against your legal liability for bodily injury to third parties and damage to their property, including obstruction, trespass, nuisance, interference, wrongful arrest and eviction.

Cover includes:

Liability for loss of or damage to premises hired or rented to you for the purpose of your business
Legal costs and expenses in defending prosecutions under relevant health and safety legislation, Consumer Protection Act 1987 and Food Safety Act 1990
Court attendance costs

Please refer to Section A of the policy booklet

Cover for acts of terrorism is limited to £2,000,000 for any one event
Loss or damage to property in your custody of control or to products supplied
Liability arising out of products supplied in the knowledge that they could affect the navigation, propulsion or safety of any aircraft or other aerial device
Pollution or contamination
Work in or on or travel to or from or within products supplied to any offshore installation or support vessel
Liquidated damages, penalty clauses, fines or punitive damages
Exposure to, inhalation of, fears of the consequences of exposure to/inhalation of, costs incurred in repairing, removing, replacing, recalling, rectifying, reinstating, or managing any property arising out of the presence of Asbestos.

Optional covers

Employers’ Liability

Cover, features and benefits	Exceptions and Limitations
Protection against your legal liabilities for bodily injury to your employees up to a limit of indemnity of £10,000,000 including costs and expenses Cover includes: Legal costs and expenses in defending prosecutions under all relevant health and safety legislation Worldwide cover for employees normally resident in the UK who are temporarily working overseas.	Please refer to Section B of your policy Cover for acts of terrorism is limited to £5,000,000 per event Liability in respect of liquidated damages, penalty clauses and fines Work in or on or travel to or from any offshore installation or support vessel Bodily injury to an Employee carried in or on, entering or alighting a vehicle or where Road Traffic Act legislation applies.

All Risks

Cover, features and benefits	Exceptions and Limitations
Accidental loss or damage to: Stock (anywhere in the UK, whilst in transit and overnight at shows etc.) Automatic cover up to £250.00 for display stands, tables. Chairs and lighting whilst at shows etc. Machinery and Equipment whilst at the insured’s premises/workshop. Cover can be extended to include terrorism cover.	Please refer to Section C of your policy Wear and tear, gradual deterioration, faulty or defective design, materials or workmanship Mechanical or electrical breakdown or derangement From unattended vehicles if all doors and windows have not been locked Damage resulting from undergoing any process involving the application of heat Loss or damage caused by insufficiency or unsuitability of packaging or preparation of goods. Damage to moveable property in the open by wind, rain, hail, sleet, snow, flood, dust The first part of any claim (your excess).

Cover, features and benefits

Exceptions and Limitations

Accidental loss or damage to:

Stock (anywhere in the UK, whilst in transit and overnight at shows etc.)
Automatic cover up to £250.00 for display stands, tables. Chairs and lighting whilst at shows etc.
Machinery and Equipment whilst at the insured’s premises/workshop.

Cover can be extended to include terrorism cover.

Please refer to Section C of your policy

Wear and tear, gradual deterioration, faulty or defective design, materials or workmanship
Mechanical or electrical breakdown or derangement
From unattended vehicles if all doors and windows have not been locked
Damage resulting from undergoing any process involving the application of heat
Loss or damage caused by insufficiency or unsuitability of packaging or preparation of goods.
Damage to moveable property in the open by wind, rain, hail, sleet, snow, flood, dust
The first part of any claim (your excess).

Duration of policy

The policy will remain in force for 12 months from date of commencement, or as otherwise shown on your policy schedule.

Right of cancellation

If you are an individual/sole trader (including a partnership in England and Wales) buying a policy which provides cover for you in both a private and business capacity, you have the right to cancel your policy during a period of 14 days either from the day of purchase of the contract or the day on which you receive your policy documentation, whichever is the later. A full explanation of the cancellation rights can be found in the policy documentation.

How to claim

If you need to make a claim please call us on 0800 919 359. Please have your policy number to hand when calling.

Our service to you

We hope that you will be very happy with the service we provide. However, if for any reason you are unhappy with this, we would like to hear from you.

In the first instance, please contact your insurance adviser. Full details of our complaints procedure will be set out in your policy document.

We are covered by the Financial Ombudsman Service. If you have complained to us and we have been unable to resolve your complaint, you may then be entitled to refer it to this independent body. The Financial Ombudsman Service is available to individuals, certain small businesses, charities and trusts.

Financial Services Compensation Scheme

We are covered by the Financial Services Compensation Scheme (FSCS). If we cannot meet our obligations you may be entitled to compensation from the scheme, depending on the type of insurance and circumstances of any claim.

CN/SE/183

Aviva Insurance Limited

Registered in Scotland Number 2116.

Registered Office: Pitheavlis, Perth, Scotland PH2 0NH.

A member of the Aviva group. Authorised and regulated by the Financial Services Authority.

Download a copy of this policy

Terms of Business

We act as Independent General Insurance Intermediaries for the selling of the CRAFTSMAN INSURANCE SCHEME only and are Regulated and Authorised by the Financial Services Authority

Non Disclosure:

It is your duty to disclose complete and accurate information for underwriting purposes. Failure to disclose all material facts to the Insurer or inaccuracies in your answers on the Statement of Fact completed via our web site www.craftinsurance.co.uk or printed Proposal form for hand written completion could invalidate your cover and also invalidate any claim made. Our mandate allows us to arrange insurances within the Uk and ROI only.

Complaints Procedure

We care for our Clients. If you are unhappy in any way with your insurance policy or the way that it has been arranged, you can in the first instance contact Mr Ian W. Wallace in writing who will be pleased to assist. Your complaint will be formally acknowledged in writing within 48 hours together with our initial response. If your complaint is valid, we will endeavour to agree a mutually acceptable form of redress.

If you are still not satisfied and your complaint relates to the contract of insurance:

You may write to the General Manager of the insurance company concerned. The address can be found in the policy document, or is available from our office.

If your insurer is a member of the Financial Ombudsman Service and your complaint is regarding a Non Commercial Policy you have the right to ask the Financial Ombudsman Service to review your case. This must be exercised within 6 months of the date of your insurer's final decision. Contact the Financial Ombudsman Service South Quay Plaza 183 Marsh Wall London E14 9SR. Tel: 0845 0801800
By making a complaint, you do not prejudice your rights to any legal proceedings. The parties to a contract of insurance covering a risk in the United Kingdom are permitted to choose the law applicable to the contract. English Law will govern your insurance.

Payment Terms and Charges

We are registered under the Consumer Credit Act and our license number is 121504. Our standard terms of business require FULL PAYMENT OF PREMIUM (UK Stirling or € Euro equivalent) before cover commences together with a fully completed proposal form.. PAYMENT CAN BE MADE BY A VALID DEBIT / CREDIT CARD or by cheque PAYABLE TO Ian W. Wallace Ltd. We do not accept cheques from the Republic of Ireland due to the high processing charges. Should instalment facilities be required (Excludes Republic of Ireland), we are able to offer these only via the insurance company who will also make a charge for this purpose. Full details are shown on the relevant direct debit mandate and are confirmed by Aviva Insurance Ltd

Premiums paid directly to us are held in a separate specific Statuory Trust account, whereby should we not be able to meet our obligations they are pretected and are treated as if the payment had been made direct to Aviva Insurance Ltd. Any interest accrued via this account is for the benefit of Ian W Wallace Ltd. No client is entitled to such interest or part therof.

Additional Premiums

All additional premiums are PRO RATA on a full month basis. We do not charge administration fees.

Refund Premiums

(Normally arise as a result of cancellation or reduction in risk.) All return premiums are PRO RATA and calculated on a full month basis. On a return of premium we repay commission on the amount to your Insurer and this will be deducted from the final amount refunded to you. Should a policy be cancelled within 3 months of inception, an administration charge of £15.00 (or € Euro equivalent) will be made and a further amount equal to the commission will be deducted.

Claims

Any incident which could result in a claim, must be notified to us in accordance with the policy wording. All information is passed to the Insurer with minmum delay.The Insurer has the right to contact the Client directly upon receipt of such information or instruct a claims assessor accordingly.

Professional Indemnity insurance is held by us in compliance with the FSA and will be maintained accordingly.

Ian W. Wallace Ltd is registered in England number 6128889. Registered office: 13 Manor Road, Verwood BH31 6DS. Authorised and regulated by the Financial Services Authority Reg. No. 465500

About Us

"Ian W. Wallace Ltd" commenced trading in 1979 to provide insurance facilities to both Individuals and Business throughout the UK and the Republic of Ireland. Our Craftsman scheme has been available since 1986.

We are a family based business and maintain traditional values.

Since 2004, we have specialised solely on the provision of the Craftsman Scheme. Our expertise in being able to understand the insurance needs of Craftspeople is well known within the craft world. The day to day administration is handled by us and we are able to normally confirm cover and produce documentation by return. Any claims are speedily handled through us, by AVIVA INSURANCE LTD.

The scheme is underwritten by Aviva Insurance Limited who are Authorised and Regulated by the Financial Services Authority.

"Ian W. Wallace Ltd" acts as an Independent General Insurance Intermediary for the selling of the CRAFTSMAN INSURANCE SCHEME. Authorised and Regulated by the Financial Services Authority.

Registered under the Data Protection Act 1988 and Consumer Credit Act 1974

Payment Details

Payment Details – Upon acceptance of the application only.

Cover commences upon receipt of payment.

Cover cannot be backdated

UK RESIDENTS

Payment is made by debit/credit card over phone 0800 919359

Via Internet banking

Sort Code: 40-38-21

Account no: 51368168

Ian W Wallace Ltd Statutory Trust Clients A/c

Alternatively by DIRECT DEBIT over 12 months via the facility provided by Aviva Insurance Ltd. A service charge of 6% pa is made for this service. Bank details will be requested when the application is accepted.

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