This is a summary of cover only. Please refer to the policy wording for full details of the policy cover, exclusions, terms and conditions.
ABOUT THE POLICY
This insurance is underwritten by insurer Covéa Insurance plc.
All eligible members of the Guild of Jewellery Designers, the British Pearl Association or Odissa Plus Members who have paid the appropriate membership fee and comply with the eligibility criteria below will automatically be covered by this policy.
The member is a fully paid up Gold Plus or,
Gold Extra of the Guild of Jewellery Designers or a Platinum or Pearl member of the British Pearl Association or Odissa Plus Member.
The member does not trade as a Limited Company, Limited Liability Partnership, Community Interest Company or any similar incorporated entity other than Personal Service Companies as described below.
The member does not have any employees on a full-time or part-time basis or engages any freelance workers on a labour only basis
The member is domiciled in the United Kingdom
The member does not trade out of a
permanent retail premises other than:
a. retail premises attached to Your workshop where the design and manufacture of jewellery is Your main activity
b. a market stall or similar type arrangement
PERSONAL SERVICE COMPANIES
This policy extends to cover the Personal Service Company of an individual member. A Personal Service Company means a company where the individual member is the majority shareholder and sole director and employee.
DEMANDS AND NEEDS
This policy meets the demands and needs of individuals involved in the design and making of jewellery and other craftwork and also the teaching of craft making skills and requiring insurance against their legal liabilities to pay compensation arising out of injury to third parties and damage to third party property.
This policy is only operative while you are undertaking the designing, making, exhibition or sale of jewellery and other craftworks or the teaching of craft making skills.
DURATION OF THIS INSURANCE
This policy is issued for 12 months commencing 14th July 2022 and renews annually.
You will be insured within Great Britain Northern Ireland the Channel Islands or the Isle of Man and while temporarily engaged in Business outside these territories.
This policy will provide you with £10,000,000 Public and Products Liability Insurance.
KEY FEATURES OF COVER
This policy provides cover in respect of legal liability for damages including claimant legal costs for;
Accidental Injury to any person
Accidental loss or damage to third party
happening during the period of insurance in connection with the Business.
The limit of indemnity provided is £10,000,000 any one claim (any one period in respect of Products liability) limited to £5,000,000 inclusive of costs in respect of claims in North America
You will be responsible for paying the first £250 of any claim for damage to third-party property. You will also be responsible for the first £2,500 of any claim brought in the USA or Canada.
Cross Liabilities (Member to Member Liability)
The policy extends to cover claims made between individual members, subject to the terms, conditions and exclusions of the policy.
Compensation for Court Attendance
This policy will pay an insured member £250 for each day they are required to attend court as a witness at the request of the Underwriters.
The policy will also cover Legal Defence Costs arising:
from any prosecution of the member as a result of breach of the Health & Safety at Work Act 1974 or Part II of the Consumer Protection Act 1987 or Part II of the Food Safety Act 1990 or any legislation of similar effect.
out of the defence of any proceedings in a Court of Summary Jurisdiction in respect of matters which may form the subject of indemnity under this policy.
Indemnity to Principals and Others
The policy will also provide an indemnity to any:
providing that the claim would have been covered had it been made directly against the GOJD member.
PRINCIPAL EXCLUSIONS AND LIMITATIONS
This policy does not cover
1 Bodily Injury to any Person Employed
2 Risks that require more specific insurance
i.e. Use of Motor Vehicles, Watercrafts,
3 Damage to Property in the custody or
control of the Member
4 Liability for breach of professional duty or
5 i) asbestos
ii) pollution or contamination of any kind in respect of any claim brought that is subject to the jurisdiction of a court in the USA or Canada
6 Limited to £5,000,000 costs inclusive in respect of claims happening in North America
7 Limited to £5,000,000 in respect of Heat work at third party premises
LAW APPLICABLE TO CONTRACT
English Law will be applicable to the contract of insurance between us, unless otherwise stated in your Policy’s terms and conditions.
The language used in this Policy and any communication relating to it will be English.
HOW TO MAKE A CLAIM
In the unfortunate event that you need to make a claim, please contact Hencilla Canworth GI as soon as possible. Contact details are listed below. Please note that late notification can lead to claims being repudiated.
FINANCIAL SERVICES COMPENSATION SCHEME
Covéa Insurance plc are members of the Financial Services Compensation Scheme (FSCS).
You may be entitled to compensation from the scheme if they are unable to meet it’s obligations to you under this contract. If you are entitled to compensation under the Scheme, the level and extent of the compensation would depend on the nature of this contract.
Further information is available from
Financial Services Compensation Scheme 10th Floor
15 St Botolph Street
London EC3A 7QU
Tel: 0800 678 1100 Web: www.fscs.org.uk
DETAILS OF OUR REGULATOR
Hencilla Canworth GI Limited are authorised and regulated by the Financial Conduct Authority.
Covéa Insurance plc are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority
The Financial Conduct Authority website, which includes a register of all regulated firms can be visited at www.fca.org.uk or the FCA can be contacted on 0800 111 6768.
HOW TO MAKE A COMPLAINT
It is always the intention to provide a first class standard of service. However it is appreciated that occasionally things go wrong. In some cases we will be able to resolve any concerns and you should contact us directly.
Alternatively if you need to complain please contact the Pen Underwriting Limited Complaints Officer quoting your policy or claim number.
Pen Underwriting Limited Complaints Officer
3 Atlantic Quay, 20 York Street, Glasgow, G2 8JH Telephone: 0141 285 3539
Your complaint will be acknowledged within 5 business days of receipt. If the complaint is not resolved within 4 weeks of receipt Pen Underwriting will write to You and let You know what further action will be taken. A final response letter will be issued within 8 weeks of receipt. Upon receipt of the letter if You remain dissatisfied You may refer Your complaint to the Financial Ombudsman Service.
The FOS is an independent body that arbitrates on complaints.
The FOS can be contacted at the following address:
The Financial Ombudsman Service Exchange Tower, London E14 9SR
Telephone: 0800 0234567 (for landline users); 0300 1239123 (for mobile users)
You have six months from the date of the final response from Your Insurer to refer your complaint(s) to the FOS. This does not affect your right to take legal action, however, the FOS will not adjudicate on any case where litigation has commenced.
If you require any further information or wish to request a copy of the full policy wording – Please contact
Hencilla Canworth GI Limited Simpson House
6 Cherry Orchard Road Croydon
Surrey CR9 6AZ
Tel: 020 8686 5050