A specialist insurer in the Leisure and Catering sector shows that 3 out of 15 (or 20%) claims are rejected because the client, being a Director or Partner of the business, has had previous County Court Judgements (CCJ’s) which were not disclosed to their insurance company. It is standard practice for all insurers to ask … Read More
If You’ve Bought Pub Insurance You Must Read This… It’s That Important!
It’s now a fact of life that when it comes to claims a lot of insurers look to decline first rather than pay the claim. Economic reality has brought this to the fore and it’s becoming quite unpleasant. The process insurers deploy (or the loss adjuster) is to look into the truthfulness of the general … Read More
What’s the difference between Contract Works Insurance and Contractors All Risks Insurance ?
The insurance industry loves jargon and to over complicate things which many times causes confusion to buyers of construction insurance. Let’s briefly try and simplify it… Contract Works Insurance covers the project for fire and perils from the start date (of the project) to its completion or handover eg., a New Build House. So for … Read More
Beware of Underinsurance ! It can come back and bite You
The insurance industry (and us) continually hark on to our clients being insured correctly and not to underinsure. A lot of people on the other hand want to save money by reducing, or not disclosing, the correct Sum Insured for their property. Unfortunately, we have a recent real life example whereby one of our clients … Read More
“We are only Human after all…”
For many insurance companies are heartless, money grabbing entities that avoid paying claims… that’s an extreme perspective but one held by some for one reason or another. Once in a while there is a heartwarming story that makes one feel good because the right thing was done. Take our client an elderly gentleman who has … Read More
What else should Building Contractors consider with their Insurance ?
Most Building Contractors would have the basic range of insurance covers those being Public Liability, Employers Liability and Contract Works. But from our experience, and especially the smaller Building Contractors, the two usual areas of insurance cover that are neglected are: Warranty Insurance (also known as Latent Defects Insurance) Insurance Backed Guarantee (IBG or Workmanship … Read More
