Ian W. Wallace Ltd, home of the Craft Insurance scheme for individual craftsmen and craft groups and clubs.
What does it cost ?
For Individuals
Minimum cover
| Public & Products Liability | Sum insured | Cost |
|---|---|---|
| Indemnity Limit | £1,000,000 | £66.50 pa |
| Indemnity Limit | £2,000,000 | £86.00 pa |
| Indemnity Limit | £5,000,000 | £99.75 pa |
Optional extensions
| Optional Extensions | Minimum sum insured | Cost |
|---|---|---|
| Employers' Liability | £40.00 pa | |
| All Risks Stock | £2,750* | £104.00 pa |
| Loss of Exhibition Expenses | £45.00 pa | |
| Machinery & Equipment at Home | £1,000** | £32.00 pa |
*Sums insured above minimum are calculated at £44.00 per £1000 based on trade value.
**Sums insured above minimum are calculated at £32.00 per £1000 based on replacement value.
Groups
The standard policy is for PUBLIC / PRODUCTS LIABILITY with an indemnity limit of £2,000,000. However should you require additional cover, the premiums are details below and include insurance premium tax.
The cover provided is specifically for the Group or Club acting as a Club, including the periodic meetings and occasional exhibition. Members are covered whilst attending Group/Club activities on a Member to Member basis. It does not cover members acting on their own behalf. We strongly recommend that they affect individual liability cover for their craft activities outside of those organised by the club.
| Public & Products Liability | Sum insured | Cost |
|---|---|---|
| Indemnity Limit | £2,000,000 | £126.00 pa |
| Indemnity Limit | £5,000,000 | £147.00 pa |
| Employers' Liability | £40.00 pa |
| Extensions | Minimum sum insured | Cost |
|---|---|---|
| Machinery & Equipment at club premises *** | £1,000 | £32.00 pa |
*** Calculated at £32.00 per £1000.00 replacement value
All premiums include Insurance Premium Tax at the prevailing rate (currently 5%)
Our mandate allows us to arrange insurances within the UK only.
Cover can be obtained by completion of the statement of fact on-line 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 Norwich Union for this service. Currently 6% (APR 13.7%)).
All cover is subject to receipt of a satisfactory and fully completed STATEMENT OF FACT (ONLINE PROPOSAL)
