Insurance Services
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They have legal obligations defined in the Data Protection Act and these are set out in “A Data Controller’s Guide” on the Data Protection section of the AABC website. Data controllers and those employed by them to process data on their behalf (crime managers, collators, co-ordinators), need to be insured against the possibility of claims for wrongful acts carried out by them or their crime manager/collator/co-coordinator or for claims brought by aggrieved persons, whether they have merit or not.
The type of insurance cover required by the board of management (directors) and crime managers, collators or coordinators is professional indemnity (PI) insurance. They can also provide public liability (PL) insurance for those who require it and employers’ liability (EL), radio mast, office contents, laptops and partnership radios, where required. An outline of the cover is shown below and full details of the policy cover are available on request. The insurances attract very competitive rates as an AABC membership benefit.
PROFESSIONAL INDEMNITY: Protection for board/committee members against incorrect advice or information committed in good faith arising out of neglect, error or omission. Limit of Indemnity: £500,000, subject to a £250 policy excess. Annual premium: £304.50 for AABC member partnerships and £350.00 for non members of AABC, both premiums inclusive of insurance premium tax (IPT).
OPTIONAL EXTENSIONS:
PUBLIC LIABILITY: Cover for all sums which you become legally liable to pay for compensation for accidental injury to any person other than an employee, accidental damage to property not belonging to you or in your custody or control occurring in connection with the business of the board/committee.
Limit of indemnity: £2,000,000 subject to a £100 policy excess. Annual premium: £55.00 for AABC member partnerships and £65 for non members of AABC (both premiums inclusive of IPT). Cover does not extend to cover liability arising out of radio masts/aerials. However T&C are able to extend cover at an additional premium of £28.00 inclusive of IPT per mast/aerial.
EMPLOYERS LIABILITY Cover for all sums which you become legally liable to pay for accidental injury to any employee if such injury arises out of their employment by you.
Limit of Indemnity: £10,000,000. Annual premium: £55.00 for AABC member partnerships and £65 for non members of AABC (both premiums inclusive of IPT).
OFFICE CONTENTS Office contents including computers (excluding laptops) up to a sum insured of £2,500 Annual Premium £55.00 for AABC member partnerships and £65 for non members of AABC (both premiums inclusive of IPT subject to a £100 excess.
Should you wish to discuss this further or to arrange cover then please contact Marilyn Shingler.
Telephone 0191 482 7629. Fax 0191 482 6040
Todd & Cue is authorised and regulated by the Financial Services Authority.
To view their AABC page go to: www.toddcue.com/aabc
AABC is registered as an introducer appointed representative with Todd & Cue and is providing this service on behalf of business crime reduction partnerships.
4 March 2010