PIB Newsflash – FCA BI Test Case

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The High Court on 15 September provided its judgment in the COVID-19 Business Interruption insurance test case of The Financial Conduct Authority v Arch and Others. The case was brought by the FCA to determine issues of principle on policy coverage and causation by considering 21 sample non-damage business interruption insurance extensions used by eight insurers. The judgment runs into … Read More

The importance of Management Liability Insurance

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Living in unprecedented times. The phrase “unprecedented times” has been much overused in the last three months and whilst it may have become a cliché it is no less true for that. It can also be used accurately to describe the state of the Management Liability Insurance market. The actions taken by the directors and officers of businesses have been … Read More

COVID 19 – Business Interruption Claims or Complaints with no associated property damage

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On the 17th June the Financial Conduct Authority (FCA) issued final guidance to insurance companies and intermediaries regarding a test case aimed at bringing about certainty with regard to business interruption insurance claims for UK policyholders and UK issued policies arising out of the Covid 19 pandemic:  https://www.fca.org.uk/publication/finalised-guidance/finalised-guidance-bi-test-case.pdf The action taken by the FCA reflects the numerous instances, widely reported … Read More

Lloyd’s proposed transfer of certain EEA insurance business to Lloyd’s Brussels

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The UK’s decision to leave the European Union is likely to lead to changes in the ability of insurers to manage policies within Europe without the need for further authorisation. Currently certain UK insurers, including those that are Lloyd’s Members enjoy EEA ‘passporting’ rights to enable this however these are due to cease as a result of the UK’s exit … Read More

Hattrick of award nominations for PIB Group and PIB Insurance Brokers

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The Shortlist for the 2020 UK Broker Awards has been revealed, and we’re delighted that colleagues in our PIB Insurance Brokers business, as well as our PIB Group Learning & Development team are both up for awards! This means a total of three impressive award nominations so far this year, as PIB Insurance Brokers has also been shortlisted at the … Read More

We’ve got some exciting news to share…

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From October 2020 the PIB Insurance Brokers family will grow and it will be even easier to do business with us, along with more expertise, specialist products and exceptional service to enjoy. At the moment, we work closely with a number of businesses within the wider PIB Group (‘PIB’), however they’ll soon be changing their name to trade with us … Read More

Holiday Park Reopening Guidance

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As caravan and holiday parks await the go-ahead from the Government to reopen there are many things to consider to ensure the safety of your employees and visitors to your sites. The content of this document has been designed as a resource to support you in your planning. It has been prepared based on input from professional risk management consultants … Read More

Haulage Back to Work Guide

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Working with PIB Risk Management, part of PIB Group, we have produced guidance covering some key factors to consider when as you resume, or increase operations. The content of this document has been designed as a resource to assist in the return to work and to support you in planning and the protocols to prepare and safeguard your employees and … Read More

COVID-19 cyber exploitations

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With a high proportion of the UK workforce now working from home, the potential for relaxed security has afforded cyber criminals increased opportunity to target businesses of all sizes, across multiple industries. In this guide we discuss some of the common scams at the moment and how cyber insurance can help to protect your business.

Returning to the office video guides

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With a growing number of businesses now reopening, or looking to return staff to the work place, business leaders and health and safety professionals need to carefully consider what controls are being put in place to support staff and any potential customers. There are so many ideas and different guidance it can be difficult to know where to start. To … Read More