Are your insurance costs rising? Across all industries, premiums are increasing to cover the fallout from what’s been described “a perfect storm” of events. Senior Account Executive Julie Heatley-Thomas explains why that’s happened – and how to get the best deal possible using an insurance broker. From the storms of 2020 to the lasting effects … Read More
Experienced Insurance Professional Joins Bristol Team Prescott Jones, the independent insurance broker, has announced that Lorna Lyndon has joined as a Commercial Account Executive based at their Bristol office. Lorna has enjoyed a 32 year insurance career, including over twenty years spent with Royal & Sun Alliance before moving into insurance broking 10 years ago. … Read More
Reopening Business Premises and Operating Safely Post Lockdown As expectations of a gradual easing of lockdown measures grow, attention is turning to reopening business premises safely. Measures required will depend on your specific business operations but plan ahead. Thought should be given to a detailed check of the premises for any obvious damage to the … Read More
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
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
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
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
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
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
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