A single market agreement used in the non-marine market. The agreement authorises the leading CCSA company to sign a collective policy on behalf of all other CCSA companies on risk. The agreement indemnifies the signatory company respect of any liability that attaches that would not have attached had the policy been individually signed by all compain nies.

Enables a court to make a disqualification order against a director convicted of an indictable offence connected with promotion, formation, management or liquidation.

Renewable engineering policy on completed civil engineering works, e.g. bridges, dams and tunnels, which constitute a low fire risk. Policy covers accidental physical loss from external perils excluding inherent defects.

1. An audit instigated by the IR to ensure that the pension scheme has complied with IR requirements. 2. An audit to ensure that an authorised party has complied with FSA requirements under powers granted under FSMA.

The approved person, having significant influence and acting in the capacity of director or senior manager, who is allocated the compliance oversight function. He or she must ensure that the firm acts in accordance with FSA rules. He or she needs unfettered access to all individuals and information in order to further the sound and prudent management of the firm.

a company authorised to carry on both long term and general insurance business.

An insurance company that transacts all or several of the major classes of insurance.

Building products used for cladding and insulation but creating a significant fire hazard. Materials such as expanded polystyrene, extruded polystyrene and polyurethane are more combustible than safer but more expensive alternatives. The risk is exacerbated when ‘warehouse damage’ lowers the fire resistance of panels. The higher the level of combustibility the harder it is to obtain insurance. Expert advice is available from the Building Research Establishment Ltd.