The Supreme Court has handed down judgement in the Covid-19 Business Interruption Test Case The Supreme Court has today handed down its judgement in the Covid-19 Business Interruption insurance test case of The Financial Conduct Authority v Arch and Others. The press summary of the judgement can be viewed here https://www.supremecourt.uk/cases/docs/uksc-2020-0177-press-summary.pdf On first viewing, it … Read More
Merry Christmas and Happy New Year
We have been in awe of the sheer resilience of our clients and the wider business community as they have responded to the challenges of Coronavirus. May we wish you and your families a healthy and restful holiday period. Our office will be closed between Xmas and the New Year. We … Read More
The importance of demonstrating good risk management in the current hard market
As the impact of the hardening of the insurance market impacts on premium levels, we asked Risk Management specialists BCarm to discuss how evidencing good risk management disciplines can mitigate these market effects. Their article is shown below. Once you have read the article feel free to contact us to discuss how we can present … Read More
Green Cards and Driving in EU after 31st December 2020
Driving in Europe in the event of a no deal Brexit Whilst Brexit negotiations are ongoing, at the time of writing, no deal has been agreed and the advice from the Department of Transport is that UK motorists wishing to travel to EU and EEA member states, Switzerland, Serbia and Andorra should prepare to carry Green … Read More
Malcolm Wallace Joins our Swansea Team
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
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
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