Archive for Bromwall News
Instructions For Maintaining Properties
In order to comply with your insurance cover the property that is insured must be regularly maintained with special attention to any requirements imposed by the insurers following a survey of the premises. The following points are just a few of the things which must be carefully considered: 1. Make sure the electrical inspection certificate [...]
Read moreWhy Do I Need Directors And Officers Insurance?
In todays world it is a fact that legal actions and investigations are becoming commonplace. Legal costs are just for starters, many directors and managers of UK business are becoming increasingly concerned about the time taken to defend such actions and the harm to reputation that too often follows. Investigations into companies and their management [...]
Read moreBIBA 2013
Bromwall attended the BIBA (British Insurance Brokers Association) conference 2013. As always this was a great chance to meet with underwriters and companies that are shaping the insurance industry in the UK. This not only provides the opportunity to meet with underwriters but also discover new products being launched into the market. 2013 was held [...]
Read moreIs Your Insurance Cover Correct?
There are some Brokers and even some insurers who will provide an insurance quotation even though they must be aware that the cover they are providing is not fit for purpose. Business interruption is often miscalculated and under insured, and in the event of a major claim, leaving the client with a large loss which [...]
Read moreIncreased Cost Of Working Insurance
Increased Cost of Working Insurance – What is it? The purpose of the policy is to provide funds following a loss resulting from an insured peril. When you declare a sum insured and limit of indemnity, you are selecting cover for loss of insurable gross profit. Under normal policy wording this is referred to as [...]
Read moreDoor Locks and Your Insurance
Your policy may specify the security locks required on doors. The usual standard requested is to BS3621 2007 version. If your lock was fitted prior to 2007 it may not conform to the latest standard. The new requirement is for the bolt to have a throw of 20mm rather than the 14mm of the earlier [...]
Read moreSub Contractors Insurance
From time to time we all use the services of a contractor. Traditionally we immediately think of a contractor as a builder or plumber. If they are carrying out work on your behalf on your equipment or premises, it is essential you ensure they carry liability insurance. While this is true for manual trades, what [...]
Read more7 Commercial Insurance FAQ’s
Here are a selection of FAQ’s often asked by clients regarding their commercial insurance. From property insurance and office cover to contractors and full commercial combined policies, its important you understand your cover. 1) What is an excess/deductible? Most policies have an excess of some kind. You will be responsible for the excess (for example [...]
Read moreLegislation And Your Commercial Insurance
4 Key Areas You Need To Be Aware Of Legislation Legislation and understanding it, is key to all our businesses. It actually plays a key part in your commercial insurance arrangements. Failure to adhere to legislation will lead not only to legal fines but also could have a bearing on your insurance and possibly lead [...]
Read moreLooking After A Vacant Property
It’s not unusual for a property to become unoccupied, whether for a few weeks or a couple of years. During this time you need to make sure you carry out some basic management responsibilities and tasks to keep the property safe. Also you must tell your insurers! Failure to do so could lead to the [...]
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