Certain employers are exempt from the compulsory insurance requirements of the Employers’ Liability (Compulsory Insurance) Act 1969. Section 3 of the Act exempts: (a) any local authority (other than a parish council); (b) any joint board or committee whose members include representatives of any such local authority; (c) any police authority; (d) any nationalised industry and its subsidiaries; (e) certain bodies financed out of public funds; (f) employers of crews covered by insurance with a mutual insurance association of shipowners.
Insurance Encyclopedia
Exempt person
Person exempt from the general prohibition in respect of a regulated activity as a result of the FSMA (Exemptions) Order 2000. See EXEMPT REGULATED ACTIVITIES.
Exempt regulated activities
Regulated activities under FSMA that may be carried on by members of a profession that is supervised and regulated by a designated professional body without breaching the general prohibition.
Exempt transfers
Transfers of money or money’s worth that is free of liability to inheritance tax. See PREMIUM EXEMPTIONS; BACK-TO-BACK ARRANGEMENTS.
Exhibition insurance
Insurance in respect of loss or damage to exhibits, stands and furnishings while at the exhibition and in transit to and from the exhibition. Public liability cover is added. A further option is cover in respect of exhibition expenses wholly or partly lost following damage to property on the exhibition premises or due to abandonment or interruption due to damage by fire, lightning, aircraft or explosion at the exhibition premises.
Exhibitions Insurance
Type of business Insurance coverage pointed to the special needs and liabilities of those putting on exhibitions. Usually an all risk cover with certain specified exclusions.
Exhibitions insurance (Property Insurance)
Coverage that protects an individual, who displays his or her property at public exhibitions, against damage to the property.
Exoneration statutes
Laws that excuse the insurance company from liability if an individual claims insurance policy proceeds that the insurance company has already paid to a third party and without knowledge of any conflicting claim.
Exotic birds insurance
Protects owner (who must be at least 18 years old at inception) against veterinary fees, subject to an excess, up to £5,000; accidental death from external injury; fire, lightning, storm, wind, vermin and theft. Cover includes attending and travelling to shows and exhibitions. Special provisions regarding security, heating and siting apply to external aviaries.
Exotic mammals insurance
Rare animals can be covered in respect of ‘vet’s’ fees normally up to £2,000 and subject to a £50 excess for each course of treatment. This is the core standalone cover to which additions can be made (death by accident, disease or sickness; theft, fire, storm and lightning), all subject to a 10 per cent excess, and liability cover. Escape is not covered unless facilitated by an insured peril. Insured must be at least 18 years old.