Regulations, imposing duties on employers and those in control of workplaces (mining and construction sites excepted), aimed at: (a) health and safety in the workplace covering the environment in which employees are expected to work (ventilation, temperatures etc.); (b) design and maintenance of the premises (condition of floors, traffic routes, etc.); and (c) welfare facilities. The Regulations apply to all parts of the workplace including outdoor workspace. A breach of the Regulations is criminal and also provides the basis for a civil action.

An engineering insurance relevant to businesses producing manufactured goods with installed plant and machinery which may, along with the manufactured goods, suffer accidental damage in the factory. The property is insured against damage following accidental external impact, including falling, toppling, overturning or dropping at the location. The policy usually extends to cover customers’ property undergoing repair or renovation and, in certain circumstances, loading and transit cover in respect of new products may be included. The policy carries an excess and exclusions relate to fire and additional perils, theft, faulty workmanship, electrical and mechanical breakdown, loading for despatch, the initial installation or final removal (these are insured as transit risks).

A leading provider of Internet-based markets for international insurance, reinsurance and alternative risk transfer (ART). In 1999, WIRE launched Artemis, a portal site, acting as a repository for news and information for the ART market of which weather trading is a key part.

An owner-controlled insurance programme covering all liability interests in a large construction project. The cover is arranged by the owner (the principal) whose interest is protected as well as those of contractors, sub-contractors, suppliers, architects, etc. The intention is to reduce overall insurance costs. See PRINCIPAL’S COVER.

To provide the insurance cover.

The acceptance indicated by an underwriter on the broker’s slip. When the item is closed this is replaced by the signed line.
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The amount of a risk that an underwriter is willing to accept on behalf of the members of the syndicate or company for which he underwrites. This is commonly expressed as a percentage of the sum insured which is written on the broker’s placing slip. If, on completion of the broking exercise, the written lines exceed 100% then, absent some contrary instruction, they will be signed down by the broker, which is to say they will be reduced proportionately so that they total 100%.
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UK: the maximum amount of insurance that an insurer has agreed to accept when initialling a slip; it may be more than the amount actually insured by an individual insurer if the broker obtains more than 100% cover for the risk, in which case each insurer’s liability will be reduced proportionately (written down) to a closed line or signed line.

UK: Premium income in respect of business written during the financial year regardless of the portions earned.
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US: This is the premium registered on the books of an insurer or a reinsurer at the time a policy is issued and paid for.
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This is the premium registered on the books of an insurer or a reinsurer at the time a policy is issued and paid for.
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The entire amount of premium on Policy contracts written by an Insurer. (2) Total amount of premium charged for the policies an Insurer “”writes”” (by selling new policies or renewing expiring ones, during a specified period, such as one month or one year. Because some policies are for terms longer than the period for which the written premiums are calculated, the premiums an Insurer writes during a particular period will not equal the premium it earns during that period. See Also: “”Premium, earned.””

Rule of construction. Where there are both written and printed words in a policy, the policy is to be construed as a whole, but the written words are more specific than the printed word and will therefore prevail in the event of inconsistency. The written or typewritten words are specially inserted to show the intention of the parties.