Self-Employed Treatment Policy - The Co-operative Insurance

Cover – Income
We will indemnify You in respect of loss resulting from Damage occurring
during the Period of Insurance to property used by You at The Premises
for the purpose of The Business to the extent of Cover under the Property
Damage Section and where liability is admitted under a policy of insurance
covering Your interest in such Property Insured.
The amount payable will be
1. the amount by which the Income falls short of the Income which
would have been received during the Indemnity Period due to
the Damage
2. any additional expense You incur to prevent or limit the reduction in
Income during the Indemnity Period due to the Damage
We will not pay more than We would pay under 1 above.
3. auditors’ or accountants’ charges reasonably incurred for producing
and certifying details of a claim under this Section
less any savings during the Indemnity Period in respect of business
charges or expenses payable out of Income which reduce or stop due to
the Damage.
In addition the amount payable will take into account any Income received
during the Indemnity Period from conducting Your Business elsewhere than
at The Premises.
Clauses
We will also indemnify You in respect of loss as insured under this Section
resulting from
1. Boilers
Damage to boilers or other equipment in which internal pressure is
due to steam only on The Premises.
2. Property in Transit
Damage to Your property whilst in transit by road, rail or inland
waterway in Great Britain, Northern Ireland, the Isle of Man or the
Channel Islands.
(c)
(d)
(e)
the exercise of any supply authority’s power to withdraw or
restrict supply
industrial action
drought.
4. Telecommunications
Accidental failure of the supply of telecommunication services at the
incoming line terminals or receivers at The Premises.
We will not indemnify You in respect of
(a)
(b)
(c)
(d)
(e)
accidental failure caused by the deliberate act of any
supply authority
caused by the exercise of any supply authority’s power to
withdraw or restrict supply or services
caused by industrial action
drought or other weather conditions unless equipment has
been damaged
lasting less than 24 consecutive hours.
The maximum We will pay will be
i
ii
Exclusions
£100 for each day in respect of any one failure
£2,500 in respect of all failures in any one Period of Insurance.
(Also refer to the Policy Exclusions at the back of this booklet).
We will not Indemnify You if
1. The Business is
(a)
(b)
wound up or carried on by a liquidator or receiver
permanently discontinued
2. Your interest ceases otherwise than by Your death.
However, We will indemnify You if We issue written agreement
stating otherwise.
However, We will not indemnify You in respect of Damage to any road
or rail vehicle or waterborne craft.
3. Failure of Utilities
Accidental failure of public supplies of electricity or gas or water at
the terminal ends of the public supply undertaking’s feed to
The Premises.
We will not indemnify You in respect of
(a)
(b)
accidental failure which lasts less than 30 minutes
the deliberate act of any supply authority
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