Bond Insurance

Salisbury House
81 High Street
Potters Bar
Herts
EN6 5AS

Tel: 01707 291 200

To Bond Insurance Services Ltd

The Railway Contractors Scheme

We are the Specialist Insurers Bridging the Gap in The Railway Industry

Public Liability insurance is designed to protect your business and you as a Contractor against a variety of risks which you will not come across in day-to-day private life. However, with the tightening of European Union commercial and Human Rights legislation; it has never been more important to ensure that as a Contractor you and your business have adequate cover.

The Public Liability Insurance market in recent years has been very fragile, and changeable, so it is therefore important to appoint a specialist Professional Public Liability broker to act in this ever changing market, and who will be familiar with the Railway Consultants governing bodies’ requirements.

We will obtain the best available terms for your business, and with policies and wording to match your requirements. We offer a speedy and reliable service.

In a society where the first call after an accident happens is often to the solicitor rather than the hospital, public liability insurance is something a small business should take seriously.

As a business owner, you have a legal responsibility towards your customers and the public. You could be held legally liable and risk being sued if a member of the public is injured as a result of your negligence or breach of duty.

Public liability insurance covers claims made against your business, if its owners, directors or employees are shown to be responsible for personal injuries to a third party or damage to property.

If you are a contractor and you are not covered by public liability insurance, you are strongly advised to take action now.

What else should I know?

Our public liability insurance also includes cover for any legal costs associated with defending claims against the business. This type of insurance covers any awards of damages given to a member of the public because of an injury or damage to their property caused by you or your business. If their personal injury compensation claim is successful, you may also face a claim from the NHS for the costs of hospital treatment (including ambulance costs).

Premiums will depend on the type of work undertaken.

We only charge you for the cover you select – we will not charge you for cover you do not need.

Limit of Indemnity

The minimum limit is £5m and is a condition of the scheme.

Compensation can be significant amounts of money. You might have to sell your house and anything else of value if the claim is large. If you do have lots of spare money that you don’t mind parting with then you can ignore this.