CHOOSE 1ST FOR WOMEN CHOOSE 1ST FOR WOMEN

In order to enjoy cover, the insured needs to ensure that all premiums are paid and up to date. In addition, all policy terms and conditions must be adhered to including, but not limited to, notifying the insurer of new potential claims as circumstances arise, notifying the insurer of any material changes to the insured’s risk profile or disclosing truthful and accurate underwriting information.

The retroactive date is a specific date in the past, which can potentially be prior to the inception date of your policy. This date determines from when unknown circumstances will be covered by the current policy. Any circumstances occurring prior to the retroactive date, whether unknown or not and irrespective of when reported, will not be covered.

Your retroactive date can be carried over from one insurer to the next provided that all premiums are paid and there has been continuous uninterrupted cover.

Missing just one month’s premium will cause a break in cover and will erase all previously accumulated retroactive cover and the date on which you resume premium payments will then become your new retroactive date.

• 1st for Women accepts annual and monthly premium payments.
  
  
• Should you opt to pay your premiums monthly, payments are made in advance on the agreed date.

• The limit of indemnity refers to the maximum amount payable by the policy for any claims made against the policy during any policy period.
• The limit of indemnity operates on an aggregate basis and will re-set after each policy period upon renewal. 

• The correct limit of indemnity is largely determined by the overall risk exposure of the business.
  
• There is no “one size fits all” and it is the insured’s responsibility to ensure that they purchase an adequate limit to cover their total exposure.
  
• Always bear in mind that as the policy is an all-cost inclusive policy, provision must be made within the limit to cover any and all possible investigation and legal defence cost over and above the liability exposure of the business.