The Financial Conduct Authority (FCA), the UK’s financial conduct regulator, brought court proceedings in July 2020 to test how certain business interruption insurance policies respond to claims arising from Covid-19. The Court has now delivered its judgement and you can find details of it here www.fca.org.uk/publication/corporate/bi-insurance-test-case-judgment.pdf. It is widely recognised that the judgement is complex … Read More
Jack Prescott’s appointment is the first of a new intake
We are delighted to welcome Jack Prescott to the business. Jack graduated from University of Derby with a degree in Tourism. He then embarked on a period of travel to various parts of the world volunteering to gain valuable life experience. On his return Jack worked for a sports charity before becoming a director at … Read More
Understand Your Credit Risk
Credit Risk Analyser Prescott Jones are working with Euler Hermes, a leader in trade credit insurance, part of our partner insurers Allianz, to give our contacts exclusive access to their global risk experts and provide you with useful insights into your market, customers and prospects. The service is optimised for businesses with a turnover approaching … Read More
Buildings, sites and businesses reopening
Whilst there is divergence on the timing of back to work within thin the UK, with the devolved governments of Wales, Scotland and Northern Ireland maintaining the stay at home message, businesses across the UK will be turning their minds to planning for a safe reopening of their businesses. At this time, our insurance company … Read More
Trade Credit Insurance
Arguably, credit insurance is more important today than at any time since the global financial crisis over a decade ago. Whilst we might have to accept that, as company insolvencies increase, access to cover will become more challenging and more expensive but at this time, our trade credit partner insurer Euler Hermes is still in … Read More
COVID-19 and Maintaining Cover
The onset on the Covid-19 pandemic has meant all businesses have had to take action to meet lockdown requirements. This has meant that business operations have in most instances changed materially. Whilst many insurance companies have moved to provide automatic extensions to recognise the more obvious actions having to be undertaken by businesses, there is … Read More
COVID-19 and Unoccupied Premises
The risk of loss or damage to unoccupied premises is far greater than to buildings that are occupied. It is because of this that most commercial insurance policies contain a condition that requires notification when a building becomes unoccupied. Some policies will provide full cover up to a period of 30 days or perhaps longer … Read More
Covid-19 Business Continuity Plans
As you would expect of a business operating in the insurance and risk management field, Prescott Jones had developed a detailed Business Continuity Plan. We are pleased to report that this plan is now fully operational and working as we had planned. This means we are able to maintain the level of service and advice … Read More
Join our Swansea Team
Commercial Account Handler Continued business growth has led to the need for an additional Commercial Account Handler within our Swansea office. Join one of the largest independent brokers in Wales and the West, a business just as committed to independent advice as it was when established 30 years ago. The role will involve… Administration support … Read More
Sponsorship of Swansea Bay Business Club
We are delighted that Prescott Jones Insurance Brokers has been announced as the new season sponsor for Swansea Bay Business Club’s 2018 networking season. The leading insurance brokers, who have offices in Swansea, Cardiff and Bristol, have signed a one year-deal that will see them as overall club event season sponsor, starting with the upcoming … Read More
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