Following research we carried out with our national and regional broker panels, MasterPackage offers comprehensive, jargon and warranty-free cover in a single, user-friendly and easy to navigate policy document.
Key Benefits
- Clear and simple cover across five priority risk areas: property damage, business interruption, employers’ liability, public and products liability and terrorism
- A Warranty, Condition Precedent and Basis Clause Free and compliant with the requirements of the Insurance Act 2015
- No need for a schedule of addresses on the Policy
- Broadened basis of cover with addition of new extensions
- MasterPackage is designed to meet the needs of domestic businesses across a wide range of industries with turnover between £2m-500m (€3-500m) and no overseas operations
Flexibility
MasterPackage is a very flexible policy and many of the terms conditions and limits can be individually tailored to meet the specific needs of your clients.
Extension |
Limit |
Extension |
Limit |
Computer Breakdown |
EDP Sum Insured |
Chubb Flex |
£500,000 |
Machinery Breakdown |
£100,000 |
Denial of access (non-damage) |
£250,000 |
Contract Works |
£50,000 |
Unspecified suppliers |
£250,000 |
Loss Reduction Expenses |
£10,000 |
Unspecified customer |
£250,000 |
Confiscation and Deprivation |
£50,000 |
Fines & damages |
£25,000 |
Customer Goods |
£100,000 |
Group interdependency |
£1,000,000 |
Electronic data recompilation costs |
£250,000 |
Restriction on the use of premises |
£500,000 |
Exhibitions (wordwide) |
£100,000 |
Product recall |
£100,000 |
Fly tipping |
£25,000 |
Crisis response |
£100,000 |
Involuntary betterment |
£50,000 |
Data breach and cyber attack |
£100,000 |
New acquisitions |
£500,000 |
Claims preparation costs (PD/BI) |
£50,000 / £100,000 aggregate |
Reinstatement to match |
£50,000 |
Claims preparation costs (Liability) |
£50,000 / £100,000 aggregate |