A liability limit pays in full up to the limit and nothing above it, so this is not a proportional shortfall like an under-set sum insured. It is the point at which a large claim stops being covered, and the limit was last set in May 2019.
What the books say this business needs, against what it is on record as holding. Only the lines marked required by law are a legal duty. The rest set out an exposure for the customer to decide about. This is the statement of demands and needs, and every line opens to say what put it there.
| Cover | Position | Held now | Indicated | Indicative, monthly |
|---|---|---|---|---|
|
Public Liability
exposure
WhyThis line rests on something the engine worked out, not on something the customer has confirmed. Covers the cost when the work injures somebody else or damages their property. Set at £5,000,000 because working at height means more that can fall on somebody; hot work can start a fire. A liability limit pays in full up to the limit and nothing above it, so this is not a proportional shortfall like an under-set sum insured. It is the point at which a large claim stops being covered, and the limit was last set in May 2019. Last set on 1 May 2019. fired by trade.primary, operations.heightWork, operations.hotWork |
below indicated | £2,000,000 | £5,000,000 | £18.94 to £29.62 |
|
Tools & Materials
exposure
WhyThis line rests on something the engine worked out, not on something the customer has confirmed. Covers replacing tools that are lost, stolen or damaged. The sum insured comes from 2 registered items at today's replacement cost, which is what they would cost to buy again rather than the depreciated book value sitting in the accounts. Last set on 1 May 2019. fired by assets.items, assets.toolsTotal |
held | £3,000 | £2,000 | £9.75 to £15.25 |
|
Contract Works
exposure
WhyThis line rests on something the engine worked out, not on something the customer has confirmed. Covers redoing work that is damaged on site before it is handed over. Turnover is not known, so this sum insured has to be declared rather than worked out. fired by trade.primary, operations.workType, financials.turnoverBand |
not held | nothing | – | – |
These are the things the engine worked out rather than was told, and each one changes an answer further up. Answering one turns it from something read off a ledger into something the customer has said, which is what stops cover being sold against a wrong guess. Every card says what it changes.
Nobody typed any of this in. Every number above came out of one of these reads, and every fact carries where it came from and how sure the engine is about it.
Also reads as: Builder
£344 to £538 a year across 2 products. A band, not a quote.
Anchored on Admiral Business's published Public Liability rate of £6.07 a month (single carpenter, £1,000,000 cover, as at 22 April 2026). Public Liability: £6.07 anchor × 2.5 trade risk × 1.6 cover level × 1 turnover. Tools & Materials: 7.5% a year on a £2,000 sum insured. Band is ±22%.
A CSV exported from a bank or an accounts package. It is read in the request that carried it and thrown away when that request ends, and the file itself is never written down. The engine says what it made of the columns before it uses any of it, and anything the file cannot settle for itself is asked rather than assumed.
Choose the second option for an expenses sheet, where every amount is positive and nothing in the file says which way the money went. No export to hand? Take a sample, which is a fictional trade's year.
Illustrative only. This is a statement of demands and needs based on public records and information you confirm, not a personal recommendation or a quote. Prices are banded estimates derived from published rates and are not an offer of cover.