PAPER E
This Schedule has been prepared on the basis of information supplied by You or on Your behalf and should be read in conjunction with policy form reference: UKC04492D dated November 2016
Please check this Schedule carefully and advise Us as soon as possible if anything is wrong or does not meet Your current requirements.
Policy Number: | L012295D24AA | Schedule Number: 1 | |
Date of Issue: | 03 April 2024 | ||
Agency: | Velos Insurance Services Limited | ||
Agency Number: | B12680 | ||
The Insured: | Ryde Town Council trading as Ryde Marina | ||
Address: | 10 Lind Street Ryde Isle of Wight PO33 2NQ | ||
Effective Date: | 05 April 2024 | ||
Period of Insurance: | From 05 April 2024 to 04 April 2025 | ||
Minimum Deposit Premium: | |||
First Premium | £ 8,250.00 plus Insurance Premium Tax of £ 990.00 | ||
Policy Limit: | £ 10,000,000 | ||
Insured Activities: | |||
Vessel Building | Not Covered | Fuel Sales | Not Covered |
Vessel Hire | Not Covered | Food and Drink Sales | Not Covered |
Vessel Launching | Not Covered | Harbour Commissioner | Not Covered |
Vessel Mooring | Covered | Harbour Emergency Services | Not Covered |
Vessel Repair | Not Covered | Harbour Landlord | Not Covered |
Vessel Sales | Not Covered | Marine Equipment Repair | Not Covered |
Vessel Servicing | Not Covered | Navigational Services | Not Covered |
Vessel Storage | Not Covered | Sailing Tuition | Not Covered |
Vessel Lift Operation | Not Covered | Other | See below |
Parts and Equipment Sales | Not Covered | ||
Insured Premise(s): | Ryde Harbour, Esplanade, Ryde, Isle of Wight, PO33 1JA |
The Section Limits and Sub-limits are as shown below unless any more specific limit is shown in the policy wording or any applicable endorsement.
SECTION 1 – THIRD PARTY LIABILITY | COVERED |
The Geographical Limits are: | the British Isles Including Insured Activities undertaken outside the British Isles provided this does not exceed 21 days in duration |
Section Limit | £ 10,000,000 |
Sub-limits: | |
Removal of wreck | £ 10,000,000 |
Contingent motor liability | £ 1,000,000 |
Products supplied | £ 10,000,000 in the aggregate |
Pollution | £ 10,000,000 in the aggregate |
Excess: | £ 500 |
Premium Adjustment | |
The premium for Section 1 (Third Party Liability) for the Period of Insurance 05/04/2024 to 04/04/2025 is adjustable in accordance with General Condition 12 and has been calculated at the rates shown for: | |
Category | Rate | Declared Turnover |
Turnover | 1.954% | £ 100,000 |
The minimum premium for this Section for the period is £ 1,954.42
The additional terms shown below are subject otherwise to the terms of this policy.
Section Limit | £ 1,425,500 | |
Excess: | £ 500 £ 2,500 | |
in respect of Marina Installations |
SECTION 2 – INSURED PROPERTY | COVERED |
Sub-limits:
Buildings | Location | Sub-limit |
Portacabin | Ryde Harbour, PO33 1JA | £ 12,000 |
Car Park Groundworks and Surface | Ryde Harbour, PO33 1JA | £ 106,500 |
Electricity Provision on Pontoons including | Ryde Harbour, PO33 1JA | £ 50,000 |
Meters | ||
General Contents | Location | Sub-limit |
VHF, Computers and Point of Sale Equipment | Ryde Harbour, PO33 1JA | £ 7,000 |
Stock | Not Covered | |
Marina Installations | Location | Sub-limit |
Pontoons | Ryde Harbour, PO33 1JA | £ 750,000 |
Harbour Arm | Ryde Harbour, PO33 1JA | £ 500,000 |
Goods in Transit | Sub-limit | |
Goods in Transit | £ 1,000 |
The additional terms shown below are subject otherwise to the terms of this policy.
In respect of the Harbour Arm covered under Section 2 (Insured Property) You have declared the full value of the Harbour Arm as the sum of £ 3,000,000 and the premium has been calculated accordingly.
For the purposes of this item alone the following shall be substituted for the Underinsurance Condition. Underinsurance Condition
If at the time of Damage to any Marine Installation the actual value of such property exceeds the full value declared by
You, We will not pay more than the proportion of the claim that the full value bears to the actual value of the Damaged property.
For the purposes of this condition:
the value of the property shall be its value calculated in accordance with any applicable basis of valuation.
the level of costs referred to within the basis of valuation for Insured Property other than Stock shall be those applying at the commencement of the Period of Insurance.
SECTION 3 – INSURED HANDLING EQUIPMENT | NOT COVERED |
SECTION 4 – BUILDERS’ RISKS | NOT COVERED |
SECTION 5 – BUSINESS INTERRUPTION | NOT COVERED |
Section Limit | £ 3,000,000 | |
Excess: | £ 500 | (The Excess does not apply to claims for total loss of any Insured Vessel) |
SECTION 6 – VESSELS | COVERED |
Sub-limits:
PART A | £ 3,700 |
any one Ancillary Trailer | Not Covered |
PART B | £ 3,000,000 |
Cover 2 (Removal of wreck) | £ 3,000,000 |
Navigation Limits | Inland and coastal waters of the British Isles |
Vessel | Sub-limit |
Beluga Powerboat | £ 3,700 |
The additional terms shown below are subject otherwise to the terms of this policy.
EMPLOYERS’ LIABILITY COVER | COVERED |
You and/or any Person Entitled to Indemnity are covered to the extent provided by this policy:
against legal liability for:
damages in respect of Bodily Injury of any Employee caused during any Period of Insurance:
in Great Britain, Northern Ireland, the Channel Islands or the Isle of Man or
while temporarily outside these territories
arising out of and in the course of employment by You in connection with the Insured Activities (including Support Services).
claimant’s costs and expenses in connection with 1. a) above.
in respect of:
costs of legal representation at:
any coroner’s inquest or inquiry in respect of any death
proceedings in any court arising out of any alleged breach of statutory duty resulting in Bodily Injury
which may be the subject of indemnity under the Employers’ Liability Cover.
all other costs and expenses in relation to any matter which may form the subject of a claim for indemnity under Cover
1. a) (Legal liability) above incurred with Our written consent.
In the event of a judgement for damages being obtained:
by any person under a contract of service or apprenticeship with You (or their personal representatives) in respect of Bodily Injury of such person caused during any Period of Insurance and arising out of and in the course of employment by You in connection with the Insured Activities (including Support Services)
against any company or individual operating from premises within Great Britain, Northern Ireland, the Channel Islands or the Isle of Man
in any court situated in the territories specified in b) above and
remaining unsatisfied in whole or in part six months after the date of such judgement
at Your request We will pay to such person or their personal representatives the amount of any such damages and any awarded costs to the extent that they remain unsatisfied.
Provided that:
there is no appeal outstanding
if any payment is made under the terms of this Extension 1 (Unsatisfied court judgements) such person or their personal representatives shall assign the judgement to Us.
In the event of any of the under-mentioned persons attending court as a witness at Our request in connection with a claim in respect of which You are entitled to indemnity under the Employers’ Liability Cover, We will provide compensation to You at the following rates per day for each day on which attendance is required:
any of Your directors or partners: £500
any person under a contract of service or apprenticeship with You: £250.
The following expressions shall have the meaning set out below wherever they appear in the Employers’ Liability Cover.
The definition of Employee is restated as follows:
Any person under a contract of service or apprenticeship with You
Any of the following whilst under Your direct control and/or supervision
person hired to or borrowed by You (including those supplied by an employment agency)
labour master
person supplied by any person under a contract of service or apprenticeship with You
person employed by labour only subcontractors
person undertaking study or work experience
person working under the Community Offender Act 1978 or similar legislation
prospective employees being assessed by You as to their suitability for employment
self employed person providing You with labour only and not being in partnership with You nor being Your franchisee
The maximum amount We will pay under the Employers’ Liability Cover for any claim or series of claims arising out of any one Event
Embarkation on to a vessel or aircraft for conveyance to an offshore rig or platform, until disembarkation from the conveyance on to land upon return from such offshore rig or platform
You are not covered for any claim:
for legal liability of whatsoever nature directly or indirectly caused by, or contributed to by, or arising from:
ionising radiations or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuel
the radioactive, toxic, explosive or other hazardous properties of any explosive nuclear assembly or nuclear component thereof
where such legal liability is:
that of any principal
accepted under agreement that would not have attached in the absence of such agreement.
in respect of Bodily Injury for which You are required to arrange motor insurance or security in accordance with any road traffic legislation within the European Union.
in respect of work undertaken Offshore.
The maximum amount We will pay under this Employers’ Liability Cover will be the Limit of Indemnity. For the purposes of the Limit of Indemnity, all of the Persons Entitled to Indemnity under this Employers’ Liability Cover shall be treated as one party or legal entity, so that there will be only two parties to the contract of insurance, namely Us and You, both as defined herein.
The Limit of Indemnity is:
£ 5,000,000 any one Event for any claim arising directly or indirectly out of Terrorism
£ 10,000,000 any one Event for all other claims.
Any amounts payable for the costs and expenses of the claimant and the costs and expenses (incurred by Us or with Our written consent) of any Person Entitled to Indemnity are included in the applicable Limit of Indemnity.
At Our option We may at any time pay:
the applicable Limit of Indemnity (less any sums already paid) or
any lesser amount for which the claim against You may be settled.
We will then relinquish control of such claim and have no further liability in respect thereof.
The maximum amount We will pay under this Employers’ Liability Cover in respect of any one Event during any Period of Insurance irrespective of the number of Persons Entitled to Indemnity having a claim under this Policy will be the Limit of Indemnity.
Our liability is conditional upon observance of the terms of this Employers’ Liability Cover and the General Conditions relating to anything to be done or complied with by You or any other Person Entitled to Indemnity except in so far as is necessary to comply with the requirements of any legislation enacted in Great Britain, Northern Ireland, the Channel Islands or the Isle of Man relating to compulsory insurance of legal liability to employees.
Claims Condition 1 (Notification to Us) is deleted and replaced by the following:
You must notify Us without undue delay of any claim or circumstance which may give rise to a claim. Claims must be notified to: promise.injuryclaims@uk.rsagroup.com
When notifying any claim please quote policy number RTT208113 and provide a copy of this Schedule.
The following provisions do not apply to the Employers’ Liability Cover:
General Exclusions 1 to 18.
General Conditions 7 (Amounts payable) and 13 (Multiple Insureds).
The Policy Limit.
Certain information relating to Your insurance policy including, without limitation, the policy number(s), employers' names and addresses (including subsidiaries and any relevant changes of name), coverage dates, employer's reference numbers provided by Her Majesty's Revenue and Customs and Companies House Reference Numbers (if relevant), will be provided to the Employers' Liability Tracing Office, (the ELTO) and added to an electronic database, (the Database).
This information will be made available in a specified and readily accessible form as required by the Employers' Liability Insurance: Disclosure By Insurers Instrument 2010. This information will be subject to regular periodic updating and certification and will be audited on an annual basis.
The Database will assist individual consumer claimants who have suffered an employment related injury or disease arising out of their course of employment in the UK for employers carrying on, or who carried on, business in the UK and who are covered by the employers' liability insurance of their employers, (the Claimants):
to identify which insurer (or insurers) was (or were) providing employers' liability cover during the relevant periods of employment; and
to identify the relevant employers' liability insurance policies. The Database will be managed by the ELTO.
The Database and the data stored on it may be accessed and used by the Claimants, their appointed representatives, insurers with potential liability for UK commercial lines employers' liability insurance cover and any other persons or entities permitted by law.
By entering into this insurance policy You will be deemed to specifically consent to the use of your insurance policy data in this way and for these purposes.
The premium for Employers’ Liability Cover for the Period of Insurance 05/04/2024 to 04/04/2025 is adjustable in accordance with General Condition 12 and has been calculated at the rates shown for:
Category | Rate | Declared estimates |
Clerical Manual | 0.228% 0.913% | £ 20,000 £ 48,000 |
The minimum premium for this Section for the period is £ 483.84
The additional terms shown below are subject otherwise to the terms of this policy.
This policy, subject to all applicable terms, conditions and exclusions, covers losses attributable to direct physical loss or physical damage occurring during the period of insurance. Consequently and notwithstanding any other provision of this policy to the contrary, this policy does not insure any loss, damage, claim, cost, expense or other sum, directly or indirectly arising out of, attributable to, or occurring concurrently or in any sequence with a Communicable Disease or the fear or threat (whether actual or perceived) of a Communicable Disease.
For the purposes of this endorsement, loss, damage, claim, cost, expense or other sum, includes, but is not limited to, any cost to clean-up, detoxify, remove, monitor or test:
for a Communicable Disease, or
any property insured hereunder that is affected by such Communicable Disease.
As used herein, a Communicable Disease means any disease which can be transmitted by means of any substance or agent from any organism to another organism where:
the substance or agent includes, but is not limited to, a virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not, and
the method of transmission, whether direct or indirect, includes but is not limited to, airborne transmission, bodily fluid transmission, transmission from or to any surface or object, solid, liquid or gas or between organisms, and
the disease, substance or agent can cause or threaten damage to human health or human welfare or can cause or threaten damage to, deterioration of, loss of value of, marketability of or loss of use of property insured hereunder.
This endorsement applies to all coverage extensions, additional coverages, exceptions to any exclusion and other coverage grant(s) but excluding Section 1 - Third Party Liability and Employers Liability Cover as detailed within the Schedule.
LMA5393 25 March 2020
The following are added to the Insured Activities shown as covered in the Schedule: Marina operator