Can anyone please advise the current contractual levels for provider insurance to cover for Professional Indemnity, Employers Liability and Public Liability Insurance.
We increased our cover last year to fall in line with contractual requirements, however latest contract extension to March 2021 quotes:
11.1. The Contractor shall maintain at its own cost a policy or policies of insurance to cover the liability of the Contractor in respect of any act or default for which it may become liable to indemnify the ESFA under this Contract. The ESFA reserves the right to require the Contractor to insure against any act or default which arises as a result of fraud or other criminal activity by the Contractor, its employees, agents or sub-contractors. The Contractor should provide copies of any insurance certificates to the ESFA including professional indemnity, employers’ liability and public liability insurance following a written request from the ESFA.
Can anyone please advise if the ESFA are specifying explicit levels of cover ?