What is efficacy insurance?
Efficacy is cover against the legal liability for injury to third parties or damage to third party property brought about by a product or service failing to perform its intended function. Efficacy insurance is also known as " failure to perform" insurance.
Why buy efficacy insurance?
Many professional bodies recommend efficacy is included within your liability policy because of the protection it provides. An increasing number of organisations will not sub-contract work unless evidence of efficacy cover is in place.
Which businesses need efficacy cover?
The following industry sectors can incorporate efficacy into their Public/Product Liability Insurance: fire and security; heating, ventilation & air conditioning; lift engineers; cleaning; pest control; facilities management; the renewables sector.
No one intentionally designs or installs equipment that fails, yet nightmare scenarios still happen. In such circumstances, the efficacy clause is what protects your livelihood. Efficacy may be the difference between keeping your company, house, and car, or going bankrupt under a weighty legal claim.
Which brings us to efficacybroker.co.uk. This is a trading name of Sandham Davies & Jones Ltd (LinkedIn) and we have been involved in the efficacy market since its inception. Being independent means we look across a range of providers because not every company needs the same level or type of efficacy cover. With efficacybroker.co.uk you get the cover you need at a price you can afford.
efficacybroker.co.uk is a trading style of Sandham Davies & jones Ltd
33 Bridge Street, Newport, Gwent, NP20 4BH
Tel: 01633 213063 Fax: 01633 244316
Authorised and Regulated by the Financial Conduct Authority, registration no. 229 652
Fire and Security sector covered
Electrical Contractors covered
Heating, Ventilation & Air Con covered
Cleaning Contractors covered
Pest Control covered
Facilities Management covered
Broker of choice for BFC, BAFE, the UK Fire Association, etc
Access to 7 + insurers providing efficacy
Up to £ 10 Million Public / Product / Employer Liability
Sprinklers, Wet/Dry Risers work covered
Monthly Payment facilty
Professional Indemnity Cover
Public / Product Liability