Protecting your business against financial loss is vitally
important. Each client's risk exposure is unique, At Coyle
Hamilton Willis we will work with you to identify these
risks which could affect your business and develop an
appropriate level of insurance protection to ensure that
your business will survive an unexpected event. We will
also help you risk manage your business to minimise the
potential for accidents to occur.
Cover is available for the following financial loss
risks:
Business
Interruption
A Business interruption policy is linked to property
damage and provides indemnity for future loss of profits
if a business is interrupted following a fire or other
insured event. A number of future years anticipated profits
can be insured to allow the business continue, retain
key valuable employees and recover lost business during
the interruption period. Coyle Hamilton Willis will assess
projected trading activities, dependencies on key suppliers,
customers and other certain risk factors, then tailor
the most appropriate and cost-effective method of protecting
your balance sheet.
Machinery Breakdown
Insurance protection against financial loss following
machinery breakdown.
Advanced Loss of Profits
Indemnity against loss of projected profit in a
start up operation or extension project following
a delay in the target commencement date caused by
a material damage loss during the construction or
testing commissioning period.
Credit Insurance
This cover compensates a business for non-payment
for goods and services sold or supplied at home
or abroad on credit terms. Domestic and Export Credit
Risks can be covered on one Commercial Risks Policy.
Three types of risk are covered:
- Insolvency
- Protracted default on the part of the buyer
- Political Risks
Coyle Hamilton Willis can develop policies to cover
whole turnover or specific key account customers either
on a ground up or catastrophe basis.
Fidelity and Third Party
Crime
Insurance cover against the risks of crime to protect
the balance sheet against financial loss as a result
of employee dishonesty, third party fraud, computer
crime, forgery and copyright infringement.
Money
& Personal Injury
Protection against loss or theft of money:
- From business premises during business
hours
- Out of working hours
- From a safe or strong room
- In transit to or from the business
premises
- In a bank night safe
- At the residence of Directors/Employees
Benefits are payable for personal Injury sustained
as a result of attempted robbery
- Death, loss of Limb or eye or permanent total
disablement
- Temporary Total Disablement from usual occupation
for up to 104 weeks
- Medical Expenses
- Damage to Clothing and Personal Effects
Loss of Licence
Cover for hotels, public houses or clubs in respect
of a reduction in the value of a licensed premises
if the license is not renewed by the awarding
authority.
Keyman Cover
Keyman Insurance is purchased on the life of persons
critical to the operation, management, development
or financial welfare of the business and protects
against the cost of a business interruption resulting
from their death or serious illness.
In assessing how much cover is required, here are
some of the issues that should be considered:
- The effect on profits if a keyperson
dies
- The cost of recruiting a replacement
- The delay before the replacement
begins to make a contribution to profits
- The loans that could be recalled
on the keypersons death
- The present cash position
- The level of profits in the
past and projections for the next year
The company is allowed to use the settlement
in any way that it wishes.
Partnership Protection Cover
- On the death or critical illness
sustained by a company director there is an immediate
lump sum paid to the survivors or to the company to
secure the survival of the business
The combination of Life Cover, Critical Illness
Cover and other valuable benefits guarantee security
and peace of mind for the business and the family
on the sudden illness or death of a director.
Kidnap, Ransom and Extortion
Covers kidnapping/alleged kidnapping, personal
extortion, property extortion, wrongful detention,
and hijacking
Cyber Risks/E-Business Insurance
Cyber risks insurance protects a company against
financial loss as a result of loss or damage following
a hack attack or receipt of a virus attack to
its computer system.
Cover includes:
- Cost of clean up
- Loss of profits
- Defamation
- 1st and 3rd Party risks
For further information on insurance solutions for
financial loss please contact
us
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