Edinburgh Trams Ltd (ETL) currently insures the primary layer with a 10,000,000 GBP limit of indemnity
The sum insured shown on the policy becomes only a limit of indemnity
CONTRACTOR ALL RISK INSURANCE: If the Insured suffer any unforeseen and sudden physical loss or damage from any cause, other than those specifically excluded, in a manner necessitating repair or replacement, the Insured shall be indemnified in respect of such loss or damage in any one event the limit of indemnity
where applicable and not exceeding in all the total sum expressed in the Schedule as hereby covered.
Gallagher is available to all members who are Chiropodists, Podiatrists or Foot Health Practitioners and provides Public & Products Liability and Medical Malpractice Liability with a [pounds sterling]5,000,000 limit of Indemnity
The typical business owner believes that should a loss occur due to a covered peril, the company would continue the income and/or expenses reimbursement, up to the limit of indemnity
There is one major difference: Whereas my sister's sweet potato recipe includes them all, effective modification of the basic BI form only requires just one: maximum periods of indemnity, monthly limit of indemnity
and agreed value.
The limit of indemnity
on a PII policy differs from as little as 100,000 [pounds sterling] up to millions of pounds, depending on your requirements.
This is why we say, get proper advice from a professional insurance intermediary regarding the right type of Insurance cover, Sum Insured, Values for insurance, Limit of indemnity
etc and to choose the right insurer and the right insurance you need and then, be prepared for anything," added Dr.
The sum insured or the limit of indemnity
has two caps.
This coverage can either be catastrophic coverage, with a high limit of indemnity
, substantial insured's contribution, with a limited system of checks, or a low limit of indemnity
, with no excess and a more detailed system checks.
Reducing an insurance policy's limit of indemnity
may produce limited premium savings, but will not only leave an organisation exposed to more risk, it could also damage the ability to win new business.