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IMPORTANT NOTICE: Insurance Premium Tax will increase from 10% to 12% with effect from 1st June 2017. Click here to learn more.

Government Announces Change to Personal Injury Discount Rate

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Posts Tagged: Insurance

Cyber Insurance

The Ins & Outs of Cyber Awareness - Part 2. Choosing a Secure Password

Posted by 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...
Personal Injury 'Ogden' Rate Change

Government Announces Change to Personal Injury Discount Rate

Posted by on March 16th 2017 in Featured, 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...

Property Owners and Landlord Insurance

Escape of Water - Property Owners & Landlords Insurance

Posted by on February 2nd 2017 in Featured, General News, 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...

Press Release: Pavey Group announces key appointment of Commercial Account Manager

Posted by on January 31st 2017 in Featured, 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...

News Release: Pavey Groups Donate Do Good Day a Huge Success

Posted by 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.

Cheryl Phillips,...

Property Owners & Landlords - A Guide to Unoccupied Properties

Posted by on October 3rd 2016 in Featured, Insurance

With an estimated 600,000 unoccupied homes in England and approximately 20,000 squatters in the UK, unlawful occupation is one of the biggest risks owners face when leaving a property empty. Other potential risks facing your property can include theft, vandalism and accidental damage. We examine some of these key risks below, and what you can do to mitigate them.
 

Unlawful Occupation

In 2012, a new law was introduced, making squatting in a residential property a criminal offence, punishable by up to six months in jail or a fine of up to £5,000.

However, squatting in commercial properties is not a crime and...

Malicious Damage by Tenants - Understanding your Landlord Insurance

Posted by on August 5th 2016 in Featured, Insurance

It’s every landlord’s nightmare; your tenants have vacated the property and before doing so, left you with potentially thousands of pounds worth of damage. The windows are smashed, the doors and walls full of holes, they’ve even taken your furniture – what now?

Malicious Damage is not always included in standard insurance policies. With one of the UK’s largest insurance companies showing the average costs for such claims being in the region of £6,700, it is important to understand the cover you have in place and its adequacy to protect you in such events. Failure to do so may result in...

Rob Rees - The Independent Rambler

Posted by on July 14th 2016 in General News

 

UPDATE APRIL 2017

Just a very brief update to say that Rob has and continues to finish the remainder of his journey by picking up where he left off on the weekends (when he can!). He's determined to not be beaten. Further updates will follow on his progress.

Important Update: Monday 1st August


For those of you who have been following Rob's journey, you will be aware that he has been suffering with unforeseen back problems which has made the last few days extremely difficult. Unfortunately we received a message from Rob this morning notifying us that after 15 days and 210 miles he has...

Cyber Insurance: Why you should invest in additional protection for your business

Posted by on February 11th 2016 in Featured, Insurance

We are all more reliant on technology. This increase in reliance creates new risks and potential liabilities for businesses which traditional insurance policies are insufficient to provide cover for.

Insurance that protects you in the event of a cyber-attack may seem like something only a large corporate organisation would require. However, cyber criminals are non-discriminative, using malicious codes across the internet to search for vulnerabilities, with the potential to attack business of any size, anywhere in the world.

These criminal activities commonly referred to as ‘cyber-crime’ can not only result in significant financial losses but also significant interruption to a business. So...

Right to rent checks introduced for Landlords in England

Posted by on February 5th 2016 in General News, Insurance

From 1st February 2016, all private landlords in England will have to check new tenants have the right to be in the UK before renting out their property. Under the new rules, landlords who fail to check a potential tenant’s ‘Right to Rent’ will face penalties of up to £3,000 per tenant. The new law will mean that private landlords, including those who sub-let or take in lodgers, must check the right of prospective tenants to be in the country to avoid being hit with a penalty. Landlords should check identity documents for all new tenants and take copies. The...