Posted by Simon Haywood on November 29th 2017 in Insurance
Underinsurance occurs when you have not taken out the right amount of insurance cover to meet your requirements. There are occasions where business owners try to reduce their insurance premiums by only covering a percentage of their contents or building value. This may be cheaper in the short-term, however insurance is there to protect you in the event of an accident or incident – taking such a risk, can have a detrimental effect should you need to rely on your policy to get you back up and running.
We’ve all read the horror stories of rental properties going wrong and it...
Posted by Sam Eynon on June 26th 2017 in General News, Insurance
The weakest point in your online presence is usually your passwords. They are your protection against fraud and loss of confidential information. With the latest methods of password attacks able to attempt up to 350 billion guesses per second – it’s important you get yours right. We’ve put together a few basic tips on how you can reduce the risk to yourself and your business.
- Make your password as long as possible: Most online websites will require you to choose one with a minimum of 8 characters, however most recommendations are between 12 & 14. The more characters in your password...
Posted by Sam Eynon on May 18th 2017 in General News, Insurance
On Thursday 11th May in conjunction with Sampson Hall, we held a Business Breakfast seminar at Exeter Racecourse. Our goal was to educate and inform our guests on the practicalities of how you can safeguard yourself and your business before, during and after a potential cyber-attack or data breach.
The session required no technical background and was aimed at Business Owners, Board Members, those responsible for information security, HR Directors, Leaders and Managers of teams and those responsible for the companies insurance. We even had a guest presenter; Adam Atkins from Global Insurer Hiscox who discussed the importance of cover and the benefits of having access to a crisis management team.The seminar...
Posted by Sam Eynon on April 13th 2017 in General News
What a fantastic 12 months it's been working with Children’s Hospice South West. Through the hard work and dedication of our colleagues across 3 offices, we are delighted to have raised a grand total of £12,326.
From monthly office events to personal challenges, we have by far exceeded our expectations on what we believed we could achieve for our first ever Charity of the Year. Below you will find ‘our best bits’ from the last 12 months, working together with Children’s Hospice South West.
Jail & Bail – Friday 13th May 2016
On Friday 13th May, our Sales Director Christopher Dean was escorted...
Posted by Sam Eynon on March 16th 2017 in Insurance
When victims of life-changing injuries accept a lump sum compensation payment, the actual amount they receive is adjusted according to the interest they can expect to earn by investing it.
In addition, when finalising this amount, the Courts apply a Personal Injury Rate, also known as ‘Ogden’ or ‘Discount’ rate, designed to help calculate future losses for life (such as care costs) and future loss of earnings. The rate is applied using multipliers specific to each claimant taking into account their age and other factors such as their education, retirement age and life expectancy.
Last month the Lord Chancellor announced that commencing 20th...
Posted by Sam Eynon on February 8th 2017 in General News, Insurance
Did you know that the first computer virus ‘Elk Cloner’ was created as a practical joke? It was written in 1982 by a 15 year old student with the intention of displaying a short poem, when the computer re-booted every 50th time. In reality, this caused no real harm to the operating system but it soon paved the way for more sinister versions to follow in its footsteps.
Since then, millions of viruses, malware, trojans and spyware (to name a few) have appeared worldwide making the headlines. Even this week in the news; a denial of service...
Posted by Sam Eynon on February 2nd 2017 in Insurance
According to research by the Association of British Insurers nearly one in five claims made on buildings and contents insurance is for damage caused by escape of water, costing as much as £2m every day.
Understanding and assessing your exposure to water/fluid leak and damage is just as important as a fire risk assessment in terms of an organisation’s capacity to operate successfully and profitably. Reducing the risk of damage to your property will avoid uninsured costs; interruption to your business, supply chain and increased insurance costs etc.Protecting your property from water leaks
The damage and financial loss suffered from the effects...
Posted by Sam Eynon on January 31st 2017 in General News, Insurance
Pavey Group has appointed a leading local insurance expert to the role of Commercial Account Manager.
Steve Joint will work with commercial client accounts from across the South West at the Devon-based firm, helping them to ensure they have the best insurance and risk management arrangements in place for their business needs.
The father of four, who lives in Newton Abbot, said, “I am delighted to have joined Pavey Group who are acknowledged as a leading insurance and financial services brokerage in the South West. We have a great team of highly experienced individuals who are renowned for delivering market leading service...
Posted by Sam Eynon on November 1st 2016 in General News
Pavey Group’s ‘Donate & Do Good Day’ for Children’s Hospice South West (CHSW) was a resounding success.
The day was held in Exeter on Tuesday 25 October and the idea was, as many busy professionals don’t have time to take their unwanted items to charity shops, Pavey Group would visit the businesses to pick up the collections instead!
Whilst members of the team spent the morning collecting charity shop donations from businesses in the area, the rest of the team worked as volunteers at CHSW’s Sidwell Street shop in Exeter helping to sort through the collections and help out with general shop duties.
Posted by Cheryl Phillips on October 17th 2016 in Insurance
Whether you’re the owner of a holiday property, or a family planning your summer holiday here in the West Country; ensuring everyone’s safety is paramount.
As guests, we understand that your primary goal is to have a fantastic break, spend quality time with loved ones and see some of the great attractions and locations the West Country has to offer. You should also expect a holiday that is free from accidents and injuries, which holiday property owners do everything possible to ensure. However you can also take the following precautions:
- On arrival familiarise yourself with the property
- Read the guidebook, it will contain...