Leisurequip have you covered whatever the situation with our comprehensive insurance
When working on site with tools and machinery it’s important to recognise that on rare occasions things may not go as planned. Thankfully we have every angle covered with comprehensive insurance coverage.
Leisurequip are covered with employers liability insurance up to £5 million. This applies to Great Britain, Northern Island, the Isle of Man, Guernsey and the Isle of Alderney. If we are contracted outside of these areas we will ensure we have the correct cover during the installation process.
When specific goods, plant or materials are in high demand, or lead-times are long, it may be necessary to make advanced payments to secure an order and prevent delays to the programme, even where the goods, plant or materials remain off-site. Such items should be agreed with the contractor (or sub-contractor or supplier) in advance of executing the contract and listed in an annex to the contract bills.
Paying to secure such items can be useful, however, it does put the client at risk, for example if the contractor becomes insolvent and the items are then not delivered, even though payment has been made.
Under such circumstances, a ‘vesting certificate’ or ‘certificate of vesting’ may be required from the contractor (or sub-contractors or suppliers), certifying that ownership of the goods, plant or materials listed in a schedule will transfer from one party to the other upon payment and confirming that they will be will be properly identified, separately stored, insured and are free from encumbrances (such as retention of title).