Efficacy Cover \ Insurance!?!

[gupster]

this efficacy cover i keep hearing about is this a legal obligation or just there if you are extra cautious??

Also any one know good prices companys for "public lib insurance"?

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[Guest Alarm Guard]

Hi Gupster

Efficacy is not a legal requirement, but it is mandatory for all approved intruder alarm installers and is part of an alarm companies normal PL insurance.

The only suppliers of this cover that I know of are BIB and SSIS. Maybe Stafford Knight as well.. Typical price for a small Co. with no recent claims is just over

[Guest rjbsec]

Hi Gupster

Efficacy is not a legal requirement, but it is mandatory for all approved intruder alarm installers and is part of an alarm companies normal PL insurance.

The only suppliers of this cover that I know of are BIB and SSIS. Maybe Stafford Knight as well.. Typical price for a small Co. with no recent claims is just over

[Guest Alarm Guard]

Roger

You could be right... (God knows, you usually are... ) but I was under the impression that efficacy didn't cover mistakes in system design, but only failure of the equipment to operate???

[Guest rjbsec]

Roger

You could be right... (God knows, you usually are... ) but I was under the impression that efficacy didn't cover mistakes in system design, but only failure of the equipment to operate???

Paul you could be right... (God knows how that hurts ) efficacy probably is failure to perform hence the possibility of insurer/customer claiming against installer and installer claiming against manufacturer.

Now I'm trying to remember what failure in design, advice etc cover is called

[amateurandy]

Now I'm trying to remember what failure in design, advice etc cover is called

Professional Indemnity?

[Guest rjbsec]

Now I'm trying to remember what failure in design, advice etc cover is called

Professional Indemnity?

Just checked - "Professional Advice" on my policy.

[gupster]

Thats what i was told that it was for a device or component failure leading to loss (panel didnt work the way the manufactures said it would).

Now the thing is the reason the insurance guys never pay out is because this would fall under the manufactures insurance!?!

Is there a brown paper bag situation going on here with the insurers and the intruder approval companies??

this is just one thing that seems like a massive joke, and another reason that we will all have to put prices up again and not make any more?

,

p.s I love a good rant now and again!

[andyhodson]

The main problem imho is that its practically impossible to prove negligence one way or the other in most cases, probably the reason no one has heard of any insurers paying out.

[SystemQ]

this efficacy cover i keep hearing about is this a legal obligation or just there if you are extra cautious??

Also any one know good prices companys for "public lib insurance"?

,

I think it