Caunce O’Hara are specialists for insuring UK rail contractors and specifically rail engineers.Our insurance scheme is widely regarded as one of the best in the market while also being one of the most competitive for premiums.
General acceptable criteria for cover include:
Turnover or fee income of less than £250,000 per annum (pa).
A maximum of 5 employees.
No claims, or circumstances that could give rise to a claim, in the last 3 years.
Need to be a UK-based company.
All UK-based work – no overseas exposure.
No previous insurance cancelled or declined.
Work as part of a team, with no sign-off responsibility for work undertaken.
Public Liability Insurance – up to £5 million (with the option for £10 million of cover, which is referred to our underwriters and is dependent on the level of risk)
Professional Indemnity Insurance – up to £5 million
Employers Liability Insurance – up to £10 million
Personal Accident & Sickness Cover
Tax Enquiry & Legal Expenses Insurance
IR35 Contract Reviews for only £60.00 (available when purchased with the Tax Enquiry & Legal Expenses policy)
How does each policy help you?
Public Liability Insurance – covers you for the cost of a public liability claim from a third party, such as a member of the public (not an employee), that has suffered injury (or death) or property damage caused by you or your employees in the course of your business activities.
Professional Indemnity Insurance – (also known as PI insurance or professional liability insurance) is widely regarded as an essential business insurance if you provide advice, designs or a professional service to your customers. PI will also provide cover for legal costs and expenses in defending a claim as well as compensation payable to your client for loss or damages, making it a valuable business insurance policy for all sizes of business.
Employers Liability Insurance – it is a legal requirement if you employ staff. It will provide cover for claims made against a business by employees who have suffered injury or disease as a result of their work.
Tax Enquiry & Legal Expenses Insurance – provides you with cover (in any one claim) for legal representation costs in the event of an investigation brought against you. The policy can provide cover for the following issues: employment disputes and compensation awards; employment extra protection; property, landlord and tenant disputes; criminal defense; tax protection; regulatory compliance; court attendance costs and jury service; identity theft; and contract disputes.
IR35 Contract Reviews – will provide you with a clear explanation of your status in the eyes of the HMRC and help determine whether you are working Inside IR35 or Outside IR35.
Combined Liabilities Insurance – combines public liability, employers liability, office contents cover (including portable equipment), and directors and officers insurance in one package that offer high value to any business.
Coverage is available for a wide range of rail professionals and is based on one of three levels of risk: Green indicates a low level of risk, Amber indicates a moderate level of risk and Red indicates the high risk rail professions. The level of premium for coverage will depend on which category your profession falls into.
The professions and categories can be seen below.
Green – lowest risk
Alternative transport officer
Catering logistics officer
Closed circuit tv CCTV operator
Communications and control systems engineer
Customer service attendant
Engineering technicians and draftspersons
Facilities management officer
Freight liaison officer
Human resources HR officer
ICT manager and ICT project manager
Industrial relations workplace relations officer
Learning and development officer
Operations and service delivery staff
Station manager master
Train monitoring officer
Amber – moderate risk
Civil and structural engineering associate
Civil engineering draftsperson
Civil engineering technician assistant
Civil engineering technologist
Construction project manager
Electronics and communications technician
Radio communications technician
Setting out engineer
Systems control engineer
Technical surveyor surveying technician
Telecommunications and control systems workers
Red – highest risk
Air conditioning and refrigeration mechanic
Fitter and turner
Metal fabrication trades
Rolling stock engineer
Sheet metal worker
Signal box manager
Substation electrician or technician
Vehicle body builder
If you don’t see your rail profession in our list, that doesn’t mean we can’t provide insurance cover for you. Callour friendly award-winning team for assistance and a competitive quote on 0333 321 1403 or click the green button below.