Tag Archives: claims
Important changes in the home claims market
Important changes in the home claims market One of the effects of a challenging financial climate is changes in the home claims market. In 2022, UK construction costs rose to a 40-year high as we saw prices soar in raw materials, fuel and energy, and this has meant unprecedented challenges for insurers. There are…
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From Rental Woes to Relief: Navigating Hired in Plant Insurance Claims
Hired in plant insurance is an important type of insurance for businesses that rely on plant or equipment rentals. It provides protection against damage or loss of equipment that is rented from a third party. Hired in plant insurance claims can be complex, and it is important to understand the process in order to ensure…
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Guide to Motor Claims Inflation
Guide to motor claims inflation In this issue: - Executive summary - Pandemic impact - Brexit - War in Ukraine - Technological advancement - What about injury claims? - It’s not all bad news - What’s AXA doing to help? - Vehicle damage claims - Injury claims Download the motor claims guide Here. There are…
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Electric Cars and What to Consider
Electric Cars and What to Consider... The ban on new petrol and diesel cars is fast-approaching, with the cut-off date of 2030 looming on the horizon, and the number of electric cars on the road is rapidly increasing, accounting for 11.6% of UK new car sales in 2021. Yet, many are still hesitant to opt for electric vehicles for…
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The changing risk profile of hauliers
How hauliers can manage the risks associated with inflation The current inflationary and supply chain challenges in the UK has added pressure on historically thin profit margins for fleet and haulage operators. Here are some tips to help with risk management. - Proactive accident avoidance strategies. - Managing inexperienced drivers - Driver training programmes. -…
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Ascend Broking Newsletter 2022
Ascend Broking cover notes Summer 2022 Explaining issues that affect your insurance... In this issue: - Insurance fraud does not pay - Bullying: workplace trials and tribunals - Business travel polices offer many benefits - Inflation impacts on property insurance - Cover your event eventualities - Is it covered? DOWNLOAD COVER NOTES Insurance fraudsters beware! The…
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Top 6 tradesman insurance claim types
Top 6 tradesman insurance claim types Damage to property Property damage from work carried out by a employees and subcontractors come in many different forms, such as a gardener felling a tree that falls on to a property and damages it, a plumber fitting pipework that springs a leak, or an electrician installing wiring that…
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Hot tub claims almost tripled since 2020
Hot tub claims almost tripled since 2020 Analysis of Aviva’s UK claims data reveals a year-on-year increase of 188%, in relation to accidental damage claims for hot tubs in 2020. Scenarios included a grass strimmer bursting an inflatable tub, birds pecking holes in a spa cover and an engagement ring ripping a tub lining.…
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COVID-19: How to reduce the risk of employers’ liability claims
COVID-19: How to reduce the risk of employers’ liability claims As the country gradually moves towards the ‘new normal’, it is inevitable and understandable that employers will now be focusing on implementing the necessary changes to their working practices, allowing them to operate not only safely but also profitably. Business owners and, indeed, their…
Read more Delays in road traffic accident claims
Claimants for compensation on road traffic accidents are having to wait for more than a year before being heard in court. The existing backlog in UK courts has only been aggravated by the pandemic, and a UK Insurer has calculated that around £240m worth of current claimant damages have been tied up in the…
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