Small Claims Handling clauses (SCHC) are an under-utilised resource, and MGAs should consider their application more often. A SCHC is often perceived as the policyholder simply dealing with small matters in house; in fact the clauses are at their most…read more
COVID 19 – How can ransomware attacks affect your business?
2020 – a year of improbable curveballs for all of us; sure to have mid to long-term effects on all businesses regardless of the industry. Many of us have had to change our working practices as our team dynamics…read more
Placement of the month- November
Our November placement of the month was for a civil engineer based in Northern Ireland, undertaking high-risk work such as basement and bridge work. The issues that are currently being faced by civil/structural engineers, combined with their fee income…read more
Placement of the month- September
After more than 20 years of a benign underwriting and pricing environment, the UK Directors’ & Officers’ Liability insurance market has become one of the most difficult to navigate during 2020, with many companies seeing double and triple digit increases…read more
Placement of the Month – August
Our August placement of the month is a large accountancy firm that had been involved in some high-risk activities, including previous exposure to tax avoidance. As you might expect, the holding market was not willing to cover this. In addition,…read more
Placement of the Month – July
Our July Placement of the Month was a troublesome renewal involving a design and construction risk. The insurer dropped from 100% of a £5m AOC limit, paying £27,500, to a 50% line of a £5m AGG limit, whilst increasing the…read more
Placement of the Month – June
If ever a risk demonstrates that perseverance and obtaining a detailed picture of the insured’s business pays, it’s our June placement of the month. Last April, we were appointed by a sub broker to replace the primary layer cover for…read more
Placement of the Month – April
Our April placement of the month is a civil and structural engineering firm whose renewal had gone from £3K to £19K. This case is a prime example of the current conditions of the hard market, where the process is less…read more
Placement of the Month – March
March’s placement of the month is a provider of flood risk and drainage services, infrastructure design and transport planning to the property development industry. We first had the inquiry last year, two days before their renewal date. We managed to…read more
How to design and construct success in the hard market
You will no doubt be well aware by now of the hardening market affecting UK based construction professional indemnity insurance risks. The number of insurers offering D&C PI has contracted, terms & coverage offered are more restrictive, limits of indemnity…read more
