Ogden Tables – Discount rate reduction for Personal Injury Damages
What is the Personal Injury Discount Rate? When assessing lump sum awards for personal injury claims, account is taken of the net rate of return (discount rate) the claimant might expect to receive from a reasonably prudent investment of lump sum compensation. The current rate of 2.5% was set in 2001 and reflects the gross […]
Broker of the Year – Shortlisted
We are delighted to announce we have been shortlisted for Broker of the Year at the Modern Claims Awards 2017. Our submission was based on the high quality of service we provide to our customers both externally and internally, our commitment to staff development and providing an unrivalled level of services to our […]
What Is Directors & Officers Insurance
Directors’ and officers’ liability insurance – also known as D&O insurance – covers the cost of compensation claims made directly against your business’s directors, key managers (officers) & trustees for alleged wrongful acts. Why Should I Take This Cover? In general, these ‘wrongful acts’ could arise from actual or alleged breach of trust, breach of […]
Employment of competent contractors- Guidance for Businesses
Inappropriate management of contractors can result in costly accidents, delays to work, criminal prosecutions and claims for damages. Therefore, it is important that you assess the competency of any contractors you intend to employ. This is not a definitive list but can act as a guide to assist you in competent contractor selection. What is […]
Do you really know who you are employing?
Fidelity Guarantee cover can provide an indemnity should you suffer a theft of money or goods by your employees subject to the terms and limits of your individual policy. With the economic downturn we have seen the number of Fidelity Guarantee claims submitted increase sharply. In 2011 we received a total of 2 claims for […]
The August Bank Holiday is just around the corner – but have you considered your insurance requirements during the bank holiday frivolities?
The August Bank Holiday is just around the corner – but have you considered your insurance requirements during the bank holiday frivolities? Bank holidays mean long weekends – An opportunity to hold an outdoor event to entice customers into your establishment, here are a few considerations to ensure that your clubs and bars are adequately covered […]
The act is now imminent and we would take this opportunity again to remind our customers of the main changes that are coming
Fair Presentation It is a long established principal that policyholders have a duty to disclose material facts to their insurers. This has now been codified into a wider duty to make a fair presentation of the risk. The existing obligations of good faith and ensuring accuracy of material information both remain. The Act, however also […]
Do you know your “Persons with significant control”?
From 6th April 2016 most UK companies and LLPs are required to keep a register of individuals who are the organisation’s ‘ultimate beneficial owners and controllers’, this is known as the PSC Register or Person with Significant Control Register and as from 30th June 2016 this information must be filed at Companies House. The new requirement […]
Owner of Indian takeaway guilty of manslaughter by gross negligence – sentenced to 6 years in prison
In this case a customer died as a result of suffering a severe anaphylactic shock after eating his takeaway meal of chicken tikka masala. It is a requirement for food business operators to provide information to customers if any of the foods or ingredients in the preparation of the food they supply contains allergens from a prescribed […]
Flood Excess Insurance
We are pleased to announce a new product we have recently launched which will enable customers to cover their flood excess up to £50,000. It has been well publicised that insurers are limiting flood cover by doing a number of things including increasing the basic policy excess on all flood covers or removing the cover […]
