Residentsline’s Buildings Insurance policyholders will automatically have protection against unforeseen external damage to passenger lifts, plus Public Liability up to a Limit of Indemnity of £10,000,000, whether accidental or malicious.
Under Health & Safety Regulations there is also a duty on Companies to ensure that their passenger lifts are formally inspected by a competent authority every 6 months.
Lift Inspections are provided by Bureau Veritas and costs are shown below which include VAT at 20%.
Machinery Breakdown Insurance is arranged with QBE Insurance (Europe) Limited. Premiums below include Insurance Premium Tax at 10%
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|One Lift||Two Lifts||Each Additional Lift|
(twice per annum)
|From £280.80*p.a.||From £438.00*p.a.||From £226.80 *p.a|
|Machinery Breakdown Insurance
(£250,000 Limit of Indemnity subject to £100 Excess)
|From £54.75 p.a.||From £54.75 p.a.||From £54.75 p.a|
* Figures quoted are for lifts servicing up to 5 floors, call us on 0800 281 235 if you require a quote for 5 floors and above.