CMIB have arranged an industry specific insurance facility for the KBDi to suit the majority of its members whom are involved in the business of kitchen, bathroom and interior design. Part of the insurance facility is arranged as a ‘master policy’ in which participating members collectively subscribe. Much care has been taken to provision for adequate limits to ensure that the cover can cater for the many participating members. The ‘master policy’ provides Public, Products and Advertising Liability for $20,000,000 any one claim, with an aggregate limit of $20,000,000 (each) for Advertising and Products Liability in any one period of insurance. Professional Indemnity cover is provided for $10,000,000 any one claim, with an aggregate limit of $30,000,000 in any one period of insurance. NB: has a cross liability limit of $1,000,000 per member (this means if one participating member sues another participating member (whom are both insured under the KBDI Master policy) they are each limited to $1,000,000 cover). As the ‘master policy’ coverage is arranged on this basis, it may not take into account your specific individual needs or circumstances; because of this, you may need to seek your own advice about the extent and limits of coverage provided. The cover arranged is specifically for KBDi Members’ core business activities and includes:
- design, including advice in relation to design, in accordance with all relevant building, construction or engineering codes and standards;
- drafting, technical detailing, calculation & specification;
- project consulting including guidance and assistance with the procurement and/or supply of products for the purpose of satisfactory completion of projects in line with the design scope, but, excluding installation / construction works activities (not excluding delivery, placement or styling of furniture or décor items);
- project consulting including guidance and assistance with the introduction and liaison of manufacturers and trades for the purpose of satisfactory completion of projects in line with the design scope, but, excluding installation or construction activities and/or the management of such appointed entities;
- training in respect of above.
The cover arranged specifically for KBDi Members' core business activities includes:
- Design Consultants (automatically covered under master policy)
- Design and Project Consulting (automatically covered under master policy)
- Design, Manufacture, Install &/or Project Management (individual policy required)
- Other activities (individual policy required)
- (Note: you can click on the information icons – look for the little ‘i’ – within the online application to read the definitions of activities.)
When you complete this online application, it will serve as your individual proposal and declaration; as such all answers and information you provide will form the basis of your cover. You should ensure you read all details in full and answer all questions accurately; if you have any uncertainties you should contact the broker for advice. You will not be covered under the ‘master policy’ if you undertake (or have in the past undertaken or plan in the future to undertake) activities outside the scope of the core "covered" business activities. Therefore you will either require an extension to this cover or to take out additional or alternative cover. For the avoidance of doubt, this ‘master policy’ does not provide cover in relation to any services, advice or activities relating to manufacturing, installation, (except limited supply, delivery, placement or styling) maintenance or repair or any structural works whatsoever. You can contact the broker if you require any specific advice. Members whose activities fit outside the scope of the core covered activities under the ‘master policy’ can be catered for within the facility on an individual basis and should continue to complete the application if they wish to apply for an individual policy. Once your application is complete, if you are not automatically accepted the broker will contact you promptly to discuss your individual needs and options.