Before the storm and floods In the event of impending storm and flood damage, we have compiled some tips to help minimise the effect on your property as follows: Make sure that you secure any items in the open that could cause damage to your property during high winds. If you have any vehicles, make […]
Commercial Property Insurance – Underinsurance
A recent survey carried out by Building Cost Information Service found that 80% of commercial properties are underinsured. Unfortunately, in the current tough economic climate many businesses either fail to review their current commercial property insurance sums insured due to time pressures or they are fearful that it will have an adverse impact on their insurance […]
Home Insurance – ‘Protect Your Tech’ from Burglars
Leading Home Insurer Zurich Insurance has claimed that the theft of high-value portable gadgets has contributed to a rise of more than 40% in the average cost of thefts from homes over the last three years. That’s despite a drop in the number of burglary claims. And furthermore it seems that us Brits are horrified […]
Property Insurance Precautions For Bonfire Night
Property Insurance – Bonfire Night Worst Day of the Year for Theft Surprising data from one of the UK’s major Insurers has revealed that millions of Britons are failing to check that their homes are secure on Bonfire Night, resulting in it being the worst night of the year for theft. Research from Aviva has revealed that those holding firework […]
Warning to Would-Be Insurance Fraudsters
Two families who colluded to create a fictitious car crash in an attempt to con £77,000 from an Insurer have been sentenced – with two men given jail terms of 12 months. (source Insurance People October 2013) The families admitted to fabricating the “accident” and then submitting bogus claims to ‘esure’ for whiplash injuries and […]
SMEs urged to check Portable Electrical Equipment
This week, a major commercial Insurer, Liverpool Victoria has highlighted the importance of making sure that portable appliance checks are done regularly in SMEs. Electric shock or burns incidents that occur at work are often caused by portable electrical equipment. Faulty electrical equipment is also a common cause of fires, second only to arson. With […]
Women to Face Higher Car Insurance Premiums
The new EU Gender Directive will come into force next month which could result in up to a quarter of all women being forced off the road as a result of higher premiums, according to a survey by Uswitch.com The directive which comes into effect on the 21st December 2012 will prevent insurers from adjusting […]
Beware Bonfire Night
Bonfire Night, Halloween and the days running up to them are traditionally some of the busiest nights of the year for the fire brigade, police and other agencies. The anti-social use of fireworks can cause real concern to our business community, posing a threat to all types of buildings, including commercial and industrial premises and […]
Hurricane Sandy costs insurers £9.3bn
Hurricane Sandy could cost property insurers up to£9.3bn according to initial estimates by catastrophe modelling firm AIR Worldwide. Another catastrophe modelling firm Eqecat have lowered their initial estimates to £3.1bn. However, the firm said that the wider economic losses could reach £6.21bn. In addition to the property damage costs, business interruption claims will occur – […]
Millionth Uninsured Vehicle Seized
The Motor Insurance Bureau has confirmed that the police seized the millionth uninsured vehicle on the 21st August 2012. Most police vehicles are fitted with automatic number plate recognition (ANPR) systems linked to a national motor insurance database to help combat those drivers who still drive uninsured. Uninsured drivers effectively add approximately £40 onto every insured motorists […]