Insurance
Insurance Services
Where clients have an identified insurance need, that insurance must be provided through the VMIA, unless otherwise legislated or specifically agreed in writing with the VMIA.
The classes of insurance currently being provided by the VMIA to its clients are as follows:
- Aviation (Non-Ownership Liability and Airport Owners/Operators Liability
- Contract Works
- Corporate Travel
- Employment Practices Liability
- Expatriate Medical Expenses
- Fidelity Guarantee
- Fine Art
- Group Personal Accident
- Industrial Special Risks
- Journey
- Marine (Cargo, Hull and Port Authorities Liability)
- Motor Vehicle
- Officer's Indemnity and Public Body Reimbursement Liability (D&O)
- Professional Indemnity
- Public & Products Liability
The VMIA does not provide workers compensation insurance.
The VMIA also arranges stand-alone specialist insurance covers outside of the standard covers described above that are directly comparable to insurances provided by the commercial insurance market. This need can arise in the case of particular exposures that are excluded from the standard policies. Examples of this are property insurances for rail related operations and large contract work projects that exceed the parameters of the principal controlled contract works program.
Client Insurance Details
Details of individual client insurances for major classes including budget premiums for the next financial year is sent to clients each year, providing a brief description of the premium pool determination and client premium allocation process. For further explanation on individual premiums contact your Client Relationship Manager.
Policy Wordings
This section contains insurance coverage details including summaries of the various standard covers offered by VMIA to its client base (including EmRePSS) as well as full policy wordings and details of endorsements to those policies.
Continue to Policy Wordings >
Making a Claim
It is most important that claims or incidents that could give rise to a claim are notified promptly, so that the appropriate action can be quickly implemented to ensure that all claims are considered on an equitable and prompt basis.
If an incident involves serious injury, significant financial loss or other major consequences, you should consider seeking legal advice before submitting information on-line. Legal counsel can then consider the application of legal privilege.
If you wish to advise us of an incident you may use our Incident Notification Form.
Insurance Manual
The VMIA Insurance Manual for 2008/09 includes a description of VMIA risk management and insurance services and advice on handling incidents and claims. Hardcopy insurance schedules and servicing and compliance plans are being separately mailed to each insured client.
Full policy wordings are available on this website and confirmations of cover are available from VMIA on request.
