Nostradai Insurance Liability Policies Document
1. Introduction
This document outlines the insurance liability policies for Nostradai, adhering to the regulatory requirements of the United Kingdom. These policies provide coverage for Public/Product Liability, Professional Indemnity, and Employers’ Liability, ensuring protection against various risks associated with the company’s operations.
2. Public/Product Liability Insurance
2.1 Scope of Coverage: This policy covers the company against legal liabilities for bodily injury or property damage to third parties due to the company’s operations or products.
2.2 Limit of Indemnity: The maximum amount payable under this policy is [specify limit], including legal costs and expenses.
2.3 Exclusions: This policy does not cover liabilities arising from intentional misconduct, contractual liabilities, or liabilities known prior to the inception of the policy.
3. Professional Indemnity Insurance
3.1 Scope of Coverage: This policy protects Nostradai against claims of professional negligence, errors, omissions, or breach of professional duty.
3.2 Limit of Indemnity: The policy will pay up to [specify limit] per claim, including defense costs.
3.3 Exclusions: Excludes claims related to criminal acts, dishonesty, or known liabilities before the policy began.
4. Employers' Liability Insurance
4.1 Scope of Coverage: This insurance is mandatory under UK law and covers the company against claims of injury or illness suffered by employees as a result of their employment.
4.2 Limit of Indemnity: The statutory minimum limit is £5 million, but Nostradai provides cover up to [specify limit].
4.3 Exclusions: Does not cover injuries or illnesses resulting from deliberate acts by the company.
5. General Provisions
5.1 Notification of Claims: The company must inform the insurer promptly of any incidents that may give rise to a claim.
5.2 Changes to Business Activities: Any significant changes to Nostradai’s operations must be reported to the insurer to ensure continuous coverage.
5.3 Compliance: This policy is in compliance with UK legal and regulatory requirements.
6. Policy Administration
Details on premium payments, policy renewal, and terms of cancellation will be provided here.
7. Contact Information
For claims, inquiries, or further information, contact Nostradai’s insurance department at +44 07575 659753.