Malcolm Wallace Joins our Swansea Team

October 15, 2020By Paul GardnerLatest News No Comments

Business Growth Leads to New Appointment We were delighted to secure the services of Malcolm Wallace who joins our commercial team at our Swansea Headquarters. Malcolm joins as a Commercial Account Handler and will provide technical support and servicing to our clients across South Wales. In an insurance career spanning 25 years, Malcolm has worked … Read More

Why insurance premiums are increasing

October 13, 2020By Paul GardnerLatest News No Comments

Insurance Rates and Underwriting 2020 /2021 Lloyd’s of London Chief Executive John Neal has said that the coronavirus pandemic is likely to be the most expensive market event in history dwarfing other major disasters such as Hurricane Katrina in 2005 and the 9/11 terror attacks. There were several factors coming together even before Covid-19 that, … Read More

High Court FCA Business Interruption Wording Judgement

September 17, 2020By Paul GardnerLatest News No Comments

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 It is widely recognised that the judgement is complex … Read More

Understand Your Credit Risk

August 13, 2020By Paul GardnerLatest News No Comments

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

May 14, 2020By Paul GardnerLatest News No Comments

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

May 6, 2020By Paul GardnerLatest News No Comments

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

April 24, 2020By Paul GardnerLatest News No Comments

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

March 31, 2020By Paul GardnerLatest News No Comments

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

March 19, 2020By Paul GardnerLatest News No Comments

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