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Specific trade sector cover

If you work in construction, advertising or engage in self-billing activities you will be given the opportunity to request cover for these activities at no additional cost. To ensure you receive this cover you will be required to return your Welcome Letter indicating that you operate in one of these areas along with your signed policy documentation. This will allow us to add policy wordings designed for a client’s typical approach to these activities.

Construction

Businesses working in the construction industry are exposed to specific risks, including stage payment cover (JCT) or similar forms of sales contract. Cover extends to the non-payment of invoices for goods delivered, work and services performed or in progress. Cover also extends to sales contract variations provided they have been instructed correctly and duly authorised.

A specific construction trade wording is required.

Advertising

Businesses working in the advertising industry are exposed to specific risks, including the non-payment of invoices for the performing of services, and non-cancellable forward bookings for media or advertising space.

A specific advertising trade wording is required.

Self-billing

Businesses who are engaged in self-billing activities are exposed to specific risks, including the non-payment of invoices where the buyer themselves prepares VAT invoices on behalf of the VAT registered supplier.

A specific self-billing wording  is required.