Archive for the: Insurance category

As a Landlord, the risk is always there; when your tenant suddenly can't pay the rent and is unable to pay what is already due. Even if you have undertaken the best checks and references, you can never predict a tenant facing troubled times such as losing their job or becoming ill, ultimately resulting in them not being able to pay the rent.

If this was to happen, would you be able to cover your expenditure and costs over a prolonged period of time?

Certain insurers we work with for property owners and landlord insurance, allow cover to be...

For business owners insurance is often seen as an expense which comes straight off the bottom line and can’t be passed on to customers. However it is also your safeguard in the event of an incident, offering protection for the businesses most valuable assets, your employees and your customers.

We all say ‘it won’t happen to me’, but what would you do if it did? After all, disasters don't just happen to other people. They could strike at any moment to even the most successful and vigilant of businesses. The chances of being hit by a flood or impacted by a...

Jonathan Cox is a Chartered Insurance Broker based in our Exeter Office at Peninsula Park. Working as an Account Director, Jonathan manages the insurance portfolios of many businesses in the South West. In this article Jonathan shares his expertise on how cyber crime and data breaches are becoming a common threat for businesses in Devon.

“One of the first known computer virus to spread ‘in the wild’ was named ‘Elk Cloner’. Written in 1982, by a 15 year old student as a practical joke, the virus was written to target the operating systems of the  Apple II Systems, the leading computers...

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...

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...

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. 

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...

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...

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.

The damage and financial loss suffered from the effects...

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...