|
Please note: the explanation of terms below is intended for guidance only; for contractual definitions, refer to the policy wordings.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |
Annual payment - a one-off payment in advance to cover a year’s insurance. This is the cheapest way of obtaining cover. Annual policy - all Indemnityguard policies, even when paid by direct debit, are annual policies and cover you for a full 12 months unless cancelled by either party under our standard cancellation terms. Certificate of insurance - the document that contains the terms and conditions under which you are insured. See also policy wording. Commencement date - the date that the policy starts. Excess - this is the amount of money that you contribute towards the cost of a claim. With Indemnityguard there is £250 excess for each and every claim. Material facts - this is any piece of information that might affect our decision to provide you with insurance. Under UK law, you are obliged to advise us of any material facts, such as convictions for fraud, theft or dishonesty, prior claims or events, or any special terms that have been applied by previous insurers. If facts come to light once your policy has started, we have the right to refuse payment for all or part of any claim you may make. Maximum annual income - this is basis for rating your policy, and you should include all annual income from your photographic activities. If your earnings are likely to change during the year you may need to upgrade your policy to a higher limit. If you are a new business, please use your estimated income for the coming 12 months. Period of insurance - the length of time for which you are covered, all Indemnityguard policies run for a period of 12 months even when being paid by monthly direct debit. Photographer - our collective term to describe people that use film, digital or video cameras (camcorders), binoculars, telescopes and other related audio visual equipment. Policy summary - this is a brief outline of the terms and conditions including any significant exclusions or conditions of an insurance policy. We are required by the Financial Services Authority to provide you with important keyfacts regarding your policy. The summary is not a substitute for reading the full policy wording. Policy wording - this sets out in full the terms and conditions of your insurance cover. It is essential that you read the wording and comply with any terms and conditions it sets out. We have made it as straightforward as possible to read and understand.
Much of the information provided on this site is for guidance – only the relevant policy wording can be taken as a binding contract. Premium - the amount you pay (either a single amount in advance or by credit agreement with PIN Finance Ltd) to provide annual insurance cover for you. Professional indemnity - this is what Indemnityguard provides. Read the what is professional indemnity page for a detailed explanation. Public liability - not to be confused with professional indemnity cover, public liability provides cover against damage to persons or property caused by your proven negligence. We have two public liability insurance policies, Photoguard and Liabilityguard, that can provide you with this type of cover Terms of business - the basis on which you do business with us. Click for more information.
|
