How It Works
The cover is for Third Party Wood Owner Public Liability that indemnifies the insured for accidental bodily injury, e.g. to a trespasser or visitor; and loss of or damage to property of a third party e.g. neighbouring property, fences, buildings, etc.. The limit of indemnity is £5 million in any one event and £100,000 for legal defence costs and expenses with no limit on the number of claims. Also no Excess is applied and there is no age limit on trees owned by RAP Ltd policy holders.
NB. owners of woods of a commercial nature cannot be covered by this policy. This includes growing timber and windblow covers and any owner requiring such cover should email Marsh Commercial to obtain a quote – on Dundee.firstname.lastname@example.org.
How much is it?
The policy runs from 1st July – 30th June annually. The premium is set annually by the underwriter and this year the cost is set at £185.00 per wood from 1st July 2023, this includes the annual premium (£130.00), the 12% government insurance premium tax (£15.60) and the policy holders fee (£39.40), and is irrespective of the size of the woodland (up to the maximum allowed – 75 ha or 185 acres) or number of owners.
For new clients joining after 1st July in any year their premium will be calculated on a strict daily pro-rata basis from the commencement date of their policy, e.g; a customer joining with 90 days until renewal of the policy on 1st July next will be charged at 90/365ths of the full annual premium. There is a minimum premium of £25 for new clients joining in the latter days of the final months. The current insurance premium tax and policy holder’s fee will then be added to the premium amount.
A mid-term policy cancellation will attract a pro-rata premium and insurance premium tax refund from the date of notification. Clients should immediately inform RAP Ltd by email who will, in turn, provide details to Marsh Commercial who will issue the appropriate pro-rata refund to the client.
Before completing the application form all Owners are advised that any woods containing hazards such as permanent ponds, lakes, streams and rivers; seasonal ponds and streams, mineshafts, quarries, saw-mills, etc. may not be accepted. Each hazard will be considered on its merits and owners should consult our broking team at Marsh Commercial on 01382 647337 in advance of applying for cover. Once clearance has been received from Marsh Commercial the application form should be annotated accordingly under Section 12.
RAP Ltd does not handle claims. Clients who suspect there is likely to be a claim against their policy should immediately supply full details to our broking team at Marsh Commercial on 01382 647337 who will be able to explain the claims procedure.
The cover by this Policy excludes any claim arising from any of the following activities:- Shooting; Horse riding; Motorcycling or Quad Biking; Orienteering; Paintballing.
Furthermore, if such activities are undertaken by any Third Party it is a Condition that the insured must obtain evidence that they hold valid Public Liability Insurance to a Limit of Indemnity not less than is provided under this Policy.
The cover by this Policy also excludes any claim arising from work undertaken by, or otherwise caused by, Contractors working in the insured woodland area.
Furthermore, if Contractors are engaged to work in the insured woodland area it is a Condition that the insured must obtain evidence that they hold valid Public Liability Insurance to a Limit of Indemnity not less than is provided under this Policy.
Subject otherwise to the terms, conditions and exclusions of this Policy.