Exclusive Insurance Scheme for SMG Members
A comprehensive insurance scheme arranged by Coleman Insurance Brokers available exclusively for SMG members and designed to protect you from the risks faced by carpet, flooring and soft furnishing retailers & installers.
In addition to comprehensive cover for your buildings, stock, contents and business interruption insurance requirements the scheme also provides the following bespoke cover enhancements:
|Professional indemnity & Financial Loss cover||£250,000|
|Liability cover when staff or sub-contractors are working at your customers' premises, not just whilst at your own shop or unit||Included|
|Loss of customers keys by your employees||£75,000|
|Failure to secure customer premises by your employees||£75,000|
|Misuse of customer phones by your employees||£50,000|
|Damage to your customers' carpets after cleaning||£50,000|
|Temporary removal of customers' property||£50,000|
|Damage to your customers' items when being used such as their vacuum cleaner||Included|
|Coleman Risk Assist (online risk management)||Included|
|Minimum Public & Products Liability limit of indemnity||£5 million|
What is Professional Indemnity & Financial Loss Cover?
A general Public Liability policy will insure you only for your legal liability to third parties for damage and injury caused by you or your employees, however, what happens if you are held legally liable for damages where there is no injury or damage, perhaps a design issue?
The scheme automatically includes cover – does your current policy?
My shop insurance already provides Public Liability cover – why do I need wider cover?
Standard Shop package insurance policies can restrict your liability cover to just your premises – i.e. cover for when a member of the public trips over in your shop.
The scheme will provide cover for your staff whilst working at your customer’s premises – if they damage the expensive TV on the wall at your customers' home, there is cover in place to protect you.
Cover for items in your control or being worked upon – I must be already covered?
A standard Public liability policy will exclude cover for items in your control for instance, your customers' vacuum cleaner you have borrowed to clean up, or can exclude cover for items being worked upon such as, your customers' carpet during any cleaning process.
You would however be covered with the scheme subject to the policy limits and excess.
What happens if your staff or sub-contractors misuse your customers' phone, fail to secure their home when leaving, or lose their keys?
It’s unlikely, but the scheme will give you and your customers' the peace of mind that there is insurance cover in place to assist.
All these cover extensions are available under the exclusive scheme at no extra cost and are covers that are generally excluded under a standard non-scheme policy or only available for additional premium.
The scheme will also match your existing limits and reduce your premium by a minimum 10% subject to being claim free for the last 5 years. We just need evidence of your current premium and cover, to agree with you the correct Business Interruption insurance level and we can then get your policy arranged.