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 […]
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 […]
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 – […]
Japan Earthquake
Following the recent earthquake and tsunami in Japan, which left an estimated 10,000 people either missing or dead, Insurers have delivered their first verdict on the effect of damage costs to the global insurance community. Whilst the Lloyds market in London have played down speculation about how hard they would be hit by the effect […]
Bloggers Guide to….Insurance Brokers (Part 2)
We’ve already explored some of the benefits of using an Insurance Broker, rather than buying your insurance off the internet or from a call centre, but what about when you have a claim, grow your business or renew your insurance? Largely the benefits of using a broker remain the same – you can expect quality advice, […]
Bloggers Guide To …Insurance Brokers (Part 1)
Why use an Insurance Broker? There’s so much talk these days of cutting out the middle man and getting the cheapest price, do we really understand what an Insurance Broker can do for us anymore? Well, the first plus of using an Insurance Broker is that you’ve got a responsible, accountable human being to talk […]
Big Freeze Costs Insurers ££££s
Aviva Insurance (formerly Norwich Union) has reported that the exceptionally cold winter we had this year has resulted in Insurers paying out a massive £650 million in claims. These 335,000 claims were due to a variety of causes, including damage to homes and businesses from the weather and vehicle related claims from the snow and ice. A typical […]
Liverpool Victoria (LV=) Changes Identity
Liverpool Victoria’s commercial business insurance division, previously known as abc Insurance, has been rebranded to the more recognisable Liverpool Victoria (LV=) brand this month in an effort to establish itself in the commercial business insurance market. Liverpool Victoria distribute it’s commercial business insurance products via brokers including Midlands Insurance Services. Products includes commercial combined, hotels […]