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taurus insurance |
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taurus insurance / vendors cover
COVER AVAILABLE FOR VENDORS National Beef Association (NBA) Bull Breeding Warranty / Female Breeding Warranty This cover is available for bulls/cows/heifers sold at Official British Limousin Cattle Society (BLCS) Auction Sales, or at official BLCS reduction and production sales (and official BLCS dispersal sales where warranties are offered), conducted by auctioneers approved by the BLCS. Cover must be purchased either prior to the sale or at the time of sale (Fall of Hammer). This cover is designed to protect Vendors against claims from purchasers in the event that their new purchase is infertile. Cover is for approximately six months commencing from the date of the sale, although the start date may be put back at the vendor’s discretion in consultation with the purchaser. Please see the NBA Auction Sale Warranty wording for full details of cover Cover includes transit to the sale. For bulls insured prior to sale, we can also extend cover to include transit within the UK to the sale included in the rates outlined. Value is limited to a maximum of £3,000 for any one animal, with cover restricted to All Risks of Mortality as a result of Accidental External Injury only. The Vendor must complete and fax the Vendor Proposal Form by 5.00 pm on the last working day before the day of the sale to CLUL 01842 890 735, or hand to the Taurus representative in attendance, on the day of the sale. Discount for fertility tested bulls A 10% discount is available for the Bull Breeding Warranty for those vendors whose bulls have undergone a Semen Fertility Test with satisfactory results prior to the sale, this being subject to the production of a signed veterinary declaration to this effect. This 10% discount is further extended to the Bull Breeding Warranty part of the Luck Penny Insurance. Luck Penny Insurance: Vendors can provide added value for purchasers with this offer Vendors at Official BLCS Sales can insure their bulls for an attractive Luck Penny Insurance. This insurance package incorporates: - NBA Breeding Warranty (for 6 months) - All Risks Mortality (ARM) as per the Lloyds UK & Overseas Livestock Wording NMA 2070 for 3 months) - Loss of Use (ASD) as per CLUL Economic Slaughter Clause (for 3 months)
Please also note the additional Luck Penny discounts offered for 3 head, and 5 head sold respectively. See the table below for full details of rates. Competitive 4% Luck Penny top up for purchasers In a highly competitive offer, purchasers of bull/s can buy an additional 9 months coverage for All Risks of Mortality (ARM) and Loss of Use (ASD), if 3 months Luck Penny has been bought by Vendor, at an excellent rate of 4% up to a value of £10,000 and 5% if over £10,000. In order to take up this excellent offer, purchasers must complete the Purchaser Proposal Form and send to either Taurus or CLUL (on fax number 01842 890 735) prior to the expiry date of the 3 months ARM and ASD cover. Please note that if the purchaser requests this extension on the day of purchasing the bull at an official BLCS sale where the bull has passed the veterinary inspection upon entry to the sale then no further statements of health are required, however if this top up is requested after leaving a sale then a Declaration of Health will need to be completed by the purchaser at the time of requesting the top up and returned with the proposal form. Breeding Warranty & Luck Penny Insurance Rates:
Please note that 5% Insurance Premium Tax is to be added to all Premiums The minimum and retained premium applying to all Policies is set at £150. This simply means that £150 is the lowest premium that you could pay on the available policies.
Cover is also available for vendors’ private sales for animals sold with the National Beef Association’s Private Sale Warranty. The cover includes: - Luckpenny for purchaser; All Risks of Mortality (ARM) (as per Lloyds UK & Overseas Livestock Wording NMA 2070) and Loss of Use (as per CLUL Economic Slaughter Clause) (3 Months) and Bull Breeding Warranty (as per NBA Private Sale Warranty wording - Bull Breeding warranty only, as per NBA Private Sale Warranty wording. - Female Breeding warranty, as per NBA Private Sale Warranty wording. To take this cover, vendors would be required to complete a Vendor Proposal Form – Private Sale and Cattle Declaration of Health by 5.00pm on the day of the sale; and provide a Cattle Veterinary Examination of Health within 30 days of the sale. Forms are to be faxed to CLUL on 01842 890 735. Upon acceptance of cover, the vendor will be sent full policy documents, which will include a copy of the NBA Private Sale Warranty wording. Breeding Warranty & Luck Penny Insurance Rates:
A policy fee of £25 will apply to all Vendor Policies Please note that 5% Insurance Premium Tax is to be added to all Premiums The minimum and retained premium applying to all Policies is set at £150. This simply means that £150 is the lowest premium that you could pay on the available policies.
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