The policy can provide cover in terms of a monetary benefit payable as either a fixed sum or a multiple of salary, payable for a specified period following an accident or illness. Cover can be payable on death, permanent or temporary disability that prevents all or some of an employee’s work being carried out.

policy. For example, if one of your premises becomes unoccupied, then the risk from escape of water, vandalism or other perils increases and the insurer will want to know about this change. In such circumstances, insurers usually allow the premises to remain unoccupied for 30 days after which they may restrict coverage, impose certain new conditions such as requiring the property to be inspected every seven days or require an additional premium.