Insurer: Royal & Sun Alliance Engineering

All Risks including own plant and plant hired in, the latter extending to include loss of hire charges, as legally liable to pay under CPA conditions. The policy provides cover for own use and hiring out.

Excess £1,000.00

The insurers agree at the request of Sherrington Lifting Ltd to not pursue any rights of subrogation against any direct hirer of the Hired Property whilst such plant is hired out under CPA Condition in respect of Damage to and Theft of Plant. Cover includes damage caused by the error or omission of the driver(s) or operator(s) of the Hired Property. The waiver of subrogation is subject to there being a prior agreement in force in writing with Sherrington Lifting Ltd before the hire commences.

The insurer shall not be liable under this extension in respect of Hired in Plant for:

• Damage to Property by its own explosion, mechanical or electrical breakdown, failure, breakage or derangement
• Damage caused by any failure to maintain the property in accordance with the manufacturer’s recommendations
• Financial loss
• Loss of profits due to delay or any consequential loss of any kind whatsoever
• Damage caused by a TSherrington Lifting Party or Sub-Contractor
• Damage caused by untrained operators

The Policy will say that: (Conditions Precedent)

• The insured/hirer shall take all reasonable precautions to prevent Damage
• The Hirer shall maintain the property in an efficient condition and fit for its purpose whilst in their custody or control

“reasonable precaution” means: Whilst the plant is not in use the Property will remain in a locked secured building or compound. If this is not possible then small plant items are to be kept in a locked steel container and larger mechanical plant kept in a locked compound. All manufacturer installed security/immobiliser devices will be made operative outside working hours i.e., when the site is closed all keys and starter, handles to be removed from the site and any locking apparatus engaged.

This office utilises a third party credit reference agency for credit assessment purposes. In submitting a request for this office to open a credit account, you are hereby providing us with your consent to carry out any credit reference searches that we deem necessary to support your application.

These searches will be taken for credit information purposes only and may be carried out on both your company and its principals.

The credit reference agency may also keep a record of our enquiry, and share that information with other businesses that may also make enquires about the company and its principals.

This does not affect your statutory rights. You are also agreeing to abide by the Terms and Conditions of the Company. Our payment terms are strictly net monthly.