PI insurance (also known as Errors and Omissions), helps protect your business if a client claims their reputation has been damaged or they've lost money as result of any work you've done for them.
It is often a contractual requirement, especially between Publishers and Developers.
Regardless of how well your business performs, there's always the risk your work could be challenged. PI helps to cover the costs of defending a claim and paying compensation.
Our cover also includes various Cyber extensions, which would normally need to be purchased separately.
Given the nature of the video game industry, Professional Indemnity insurance is usually the first port of call for our clients.
Employers' Liability Insurance protects you against the cost of compensation claims arising from employee illness or injury, sustained as a result of their work for you.
Long hours (e.g. Crunch) could cause stress-related sickness, and employees (or former employees) could sue the company for any amount. Other things from repetitive strain disorder to trips and slips can also lead to claims.
Of the various insurances available, Employers Liability (in the UK) is in fact a legal requirement for most businesses. That means that as soon as you employ one person other than yourself, you must purchase a minimum of £5,000,000 insurance cover for them.
Public liability insurance covers the cost of legal action and compensation claims made against your business if a third party is injured or their property suffers damage whilst at your business premises or when you are working in their home, office or business property.
Product liability insurance is a type of business insurance that can cover the cost of compensation claims if a third party is injured or their property is damaged by a product that you've sold. This could be a physical product or digital.
A third party could be any customers, sub-contractors or members of the general public who are affected by your work, so we would highly recommend considering this insurance.
Please confirm you do not sell or supply any tangible products other than:
Buildings insurance protects the building itself. Most offices are rented and you are not responsible for buying property insurance.
However many clients do own their offices, or perhaps if you work from home, we may be able to look into covering your home property.
The simplest way to think about equipment and contents insurance is, if you picked up the building and shook it, everything that would fall out, is contents.
We can cover contents and equipment at your offices, but can also extend cover to remote equipment (for example laptops at home or with remote workers).
Business Interruption covers your business from a temporary loss of income following a disaster.
The insurance coverage covers the profits that would have been earned if the business needs to stop operating for a time.
Additional Increased Cost of Working (AICOW) is similar to BI, however rather than protecting a loss of company income, it tied to operating costs.
This is usually more appropriate for businesses with irregular income streams, that would still need bills (eg rent, services) paid to continue operating in the event of a disaster.
Most of our clients choose AICOW.
Personal accident insurance, also known as personal injury insurance, is designed to pay out compensation after a serious injury or death as the result of an accident.
In the event of an accident, personal accident insurance covers you if you become disabled; unable to work; or have a defined injury, such as loss of eyesight or hearing, and fractured bones.
Our business travel insurance covers people from age 16-59 for worldwide, unlimited trips throughout the year.
Our cover includes emergency medical & repatriation, trip cancellation, personal accident, baggage & personal effects, equipment, hijack plus a range of other benefits.
Many people mistakenly believe that as a director of a limited company, they have no personal liability in regard to their corporate actions.
Directors & Officers Insurance is a liability insurance for the directors and officers of a company. While companies are protected by their liability insurance, Directors and Officers may be personally liable for their actions and omissions and could be subject of claims which can lead to payment of fines and compensation
Claims range from frivolous and occasionally malicious claims made by disgruntled customers who weren't happy about the service they received, all the way through to official investigations.
It is important to note that while the legal definition of a director is reasonably clear, the legal definition of an officer is vague enough to allow claims or proceedings to be issued against people in almost any managerial or supervisory position.
Your employees or members are vital when it comes to the smooth running of your business which is where our business health insurance comes in. They will receive a wide range of benefits in conjunction with the healthcare cover that you choose.
With all of this to offer, our business health insurance can help you address key business goals, attract the right people, help with employee turnover, reduce absenteeism and can even be tax efficient.
One of our team from General & Medical will be in touch to discuss your options.
Private Medical Insurance requires more in-depth underwriting and is therefore sold seperatley by the PMI experts at General & Medical.
Please note that GG Insurance Services and General & Medical Healthcare are seperate divisions within the same company.
Based on your previous selections, you may qualify for additional Legal Expenses for free.
This would give you automatic cover up to £100,000 for a whole range of legal issues (below, left) - subject to the Terms and Conditions of the policy.
Not only that, you also will have access to a range of helplines to help you with any legal questions you may have (below, right).
Legal insurance for:
Please note coverage is subject to the terms and conditions of your policy.
As part of our Professional Indemnity package, we also include cover to replace any key individuals if the worst happens.
In the event that a high-ranking individual (for example a key coder) suffers an incapacitating event, if a suitable replacement is agreed, then we will pay the salary for up to 3 months or £50,000 (whichever the lesser).
Depending on the options you choose, we may also be able to include free website recovery service in partnership with DOSarrest Internet Security Ltd.
In the event that your website(s) or computer systems are attacked by a denial of service attack, we will pay on your behalf the cost of the DOS Technical Support Service to get you back up and running.
We are thrilled to announce our collaboration with GamesAid. The charity acts as an umbrella to support a diverse range of smaller charitable organisations who help disadvantaged and disabled children and young people.
We have pledged to give a percentage of our profits directly to GamesAid.
Funds received by GamesAid are distributed to a selected number of charities as nominated and voted by the charities members.
Previous GamesAid chair Matt Spall said: "GamesAid is incredibly grateful to GG Insurance Services for their commitment to supporting our charity efforts. GG are the first game industry business to support GamesAid, directly from their revenues in this way, and we very much hope it'll be a catalyst for others to join them."
All the statements in this Statement of Facts together with any oral or written statements provided to us are true, accurate, complete and not misleading. This statement does not obligate you or us to bind the insurance. You agree that you will inform us of any material changes to the information supplied on this statement of facts prior to the bind date of this insurance and between the bind date and the inception date of the insurance and we may withdraw or modify any terms accordingly. We will not provide any indemnity in respect of liability from such material change unless we agree in writing to accept the altered risk.
In accordance with the Insurance Act 2015, I have made a fair presentation of the risk. If you are unsure of your duty of fair presentation, please ask us for further information.