ACS Assessor Guide - Security Industry Authority

ACS Assessor GuideSection 4 – Criterion Specific Guidelines: Criteria 4Criteria 4 – Financial Management4.3 An SIA Approved Contractor can demonstrate that it carries the required business insurance.4.3.1 There is sufficient insurance cover to meet contractual requirements.Required Achievement LevelThe organisation has contractualinsurance that: covers the annual value ofthe contracts is appropriate in contentsubcontractors meet theorganisation’s own insurancerequirements.The company ensures allhazardous activities undertakenare disclosed to and agreed byinsurance underwriters e.g. work offshore work airside work on or alongside railwaytracks work at height work at nuclear, chemical, oilor gas sites All aspects of the previous column plus:The organisation also has the correct insurancecover, appropriate to its size and operations ,covering where appropriate: public liability employer liability efficacy /inefficacy vehicles security dogs use of Licence Dispensation Notices wrongful arrest fidelity bonding loss of keys/consequential loss of keys financial loss either including or excludingproducts (or both) terrorism cover deliberate/criminal acts of employees (whichare accidental on the part of the company) property within the custody, possession orcontrol for the purpose of the serviceprovided design instruction/advice in connection withsupplied services90The contents of this publication are copyright ©2013 Security Industry Authority, all rights reserved. No part of the contents may be reproduced or transmitted in any form, by any means without prior written permission of the copyright owner.