Centricity can seriously improve your options when it comes to your Motor Fleet Renewal.
Fed up of being told there’s nothing you can do to prevent soaring motor insurance claims costs and in turn inflated premiums? We are here to show you differently.
Depending on the source, data suggests that the cost of claims reported within the first 12 hours of a loss can be on average a significant 77% lower than those reported a week after the event. This is why every Centricity client gets handy QR stickers for each vehicle allowing your drivers to report claims immediately to us, 24 hours a day. Sounds simple and it is!
- no lengthy claim forms
- reduced in-house administration
- lower third party claim costs
- faster settlements
- in house claims management
- claims cleansing
#fleetsolutions #fleetinsurance #fleetclaimsmanagement #insuranceclaims
Employers’ Liability is a policy which pays legal fees and compensation awards in the event of an employee pursuing a claim against your business as a result of them suffering an injury or disease caused under your employment. As a business owner, the loss of any member of your team can be incredibly disruptive and potentially costly to the business. Employers Liability provides no protection against this.
A Group Personal Accident Policy covers your Directors and Employees in the event of an accident which results in death, or permanent or temporary disablement, with a scale of benefits included for other injuries such as loss of speech, hearing, limbs, etc.
As the Policyholder, the benefit is paid to you, the business. You can then choose whether the benefit payable is passed on to the injured party (or their estate), or retained within the business to assist with increased costs; seeking temporary cover or replacement at a difficult time. Many policies will also cover rehabilitation, private therapy and such alike, in order to aid a rapid recovery for your valued staff, reducing the downtime and impact to your business.
A number of our partner insurers include Personal Accident Cover as standard for certain trades within the Construction Industry, providing added protection for your business. Where this cover isn’t available as a package, we have an enviable range of solutions available which can include Business Travel and holiday travel for Directors and their families, free of charge. Cover is fully tailored to your exact needs and the protection required.
Would you like a quote for Personal Accident Cover?
Contact our team today to get the best possible cover, at the best possible price!
#Insurance #GroupTravel #PersonalAccidentCover #EmployeeBenefit #BusinessInsurance
There are a shocking number of construction clients who have been left confused by the advice given from their current broker when it comes to differentiating between a Labour Only Sub Contractor and a Bonafide Sub Contractor.
Not knowing the difference can lead to incorrect cover being arranged, fines, penalties, and the risk that your claim won’t be paid. Here’s our handy list to give you the clarity to get it right, every time.
Labour-only Subcontractors (LOSC)
You supply them with PPE, materials, tools and anything else required
You provide training, toolbox talks
They follow your RAMS
They are required to follow your Health & Safety Procedures
They work under your Direction, Supervision and Control
Bona-fide Subcontractors (BFSC)
They supply their own kit, tools and PPE
They provide their own RAMS and follow their own H&S procedures
They complete their works under their own Direction Supervision and Control
They are responsible for all workers that they supply
They will quote for the works and provide a bill for these upon completion

With material and labour costs at an all-time high in the Construction Industry, there has never been a better time to consider whether your Contract Works Insurance is fit for the job in hand.
Whilst many building & contents policies include “Day One Uplifts” for sums insured, giving some protection against inflation, the majority of Contract Works Policies do not. With one of our exclusive markets we take the calculation headache away, including an automatic increase of up to 25% of the limit of liability stated in the schedule, during the period of insurance. Whilst this is in no way a buffer for being underinsured, it does give peace of mind during these uncertain times.
We also understand that delays cost you serious money! By including Expediting Expenses to avoid delays in completion of contract works (following damage), you can get the job done and move onto the next, keeping cash flow, and your business thriving. With generous limits for Materials Storage anywhere within the UK, our policy allows you to buy when the price is low, store securely until needed and ultimately protect your carefully calculated profit margin.
These seemingly small things make a big difference. We are passionate about building Construction Insurance the right way – get in touch for a free review of your current coverage, it’s seriously on us!
Get in touch today for a free review of your cover!
With eye watering inflation, now is the right time for all construction firms to consider the true value of their current plant and equipment. Regardless of the settlement basis contained within your Insurance Policy, the cost of replacement items and spare parts is at an all-time high, often with significant delays for both leading to site down time and of course, interruption to your business.
Whilst your policy can’t prevent loss or damage, the way it responds can make a real difference to the overall disruption to your business. Using a broker who understands policy cover and recommends market leading solutions can make all the difference! Wherever possible, we include the following;
- Continuing Hiring Charges
- NO Restrictive Security Conditions
- NO Restrictions in respect of losses from vehicles
- Recovery Costs for recovering Insured Property
- Repair Investigation Costs
- Automatic cover to indemnify in respect of Plant Hired Out
- 72 Hour Weather Clause
Time to dig out your documents and have a read, or pop them over and we will happily review them on your behalf – free of charge – life is expensive enough right now and we’re just passionate about doing Insurance right!
#ContractorsPlant #ContractorsAllRisks #Construction #Insurance #HiredInPlant #HiredOutPlant
Contact Us Today for Free Review of your Cover
Business travel may now be back on the agenda for many companies, as the travel sector begins to recover from the impacts of Covid-19. You yourself may be once again packing your suitcase and checking out overseas opportunities.

Regardless of whether you are an independent consultant travelling overseas on business, or a large organisation sending staff to far-flung places to transact business, it can be worthwhile making Personal Accident and Travel Insurance your travel buddy.
This type of cover looks after a business’ people – including you, if you are a business traveller. It fulfils legal obligations with regard to duty of care – just as important overseas as on home soil – and steps in should any serious work-related injuries occur, wherever the ‘workplace’ may be.

However, it also allows anyone heading abroad on business to know they have packed the best possible travel emergency cover and can access superb medical treatment and support services, should the worst occur.

This includes specialist emergency medical repatriation, when necessary, and care in overseas hospitals. It allows family and friends to be kept informed of their loved one’s situation and even, under the terms of some policies, travel to visit them.

Similarly, it can come to the insured’s aid, when they find themselves in a fix, having lost money, baggage, tickets, or had to cancel or cut short their plans, due to unforeseen circumstances and local situations. Flight rebooking assistance can be provided and emergency cash can be transferred, if required.
It can facilitate easier travel, by providing services such as hotel check-in support and interpretation assistance and some policies will also offer a concierge service, booking tickets for corporate entertainment and sourcing gifts for those all-important clients whose culture may expect you to arrive armed with an appropriate present.

Most importantly, there is a preventative element to this cover, with pre-departure security advice and training in key areas, including staying healthy, avoiding kidnap, observing local customs and avoiding becoming a victim of crime. Whilst in-location the cover provides regular updates and alerts with regard to health, weather and political situations.

Should you operate in, or travel to, very sensitive areas of the world, optional upgrades may be available, to provide crisis support, should anyone find themselves in a particularly dangerous situation, such as kidnap or blackmail, and require specialist security assistance.

If you are a director who travels, there is another good reason to consider such cover, as some policies can be extended to include leisure travel for your partner, children and domestic staff for up to 60 consecutive days. With internal UK trips also being covered by some policies, it can be great value for money.
With none of us knowing what lies ahead when we travel, it pays to be armed with quality insurance protection, to safeguard health and wellbeing and comply with the legal duties associated with running a business. This type of business travel insurance policy certainly ticks the right boxes.
Thinking about travelling for business and fancy Worldwide Holiday Cover thrown in for free?
There is no better team to talk to!
Call: 020 3830 7060
Email: info@centricitybrokers.com
Please contact us to discuss your Personal Accident & Travel Policy requirements! (We promise we have prices that cannot be beaten!)
Management Liability protects you and your business in the event of regulatory investigations, contract disputes, insolvency related D&O claims, fraud issues and serious accidents. With over 90 Regulators in the UK, not including Local Authorities, spending a combined £4.9 billion, no business can ignore their regulatory responsibilities. A robust Management Liability Policy covers investigations from all UK Regulators including the Health & Safety Executive, Police, HMRC, ICO and the Environment Agency.

Directors’ & Officers’ Liability
D&O insurance protects directors, officers and other people with managerial responsibility from legal and other costs they may become personally liable to pay as a result of litigation.
Why Do I Need D&O Insurance?
Legislation over the last few decades has made the position of directors and senior managers more onerous in that it has increased their accountability for their actions or inactions, and for that of others.
There are many laws now that regulate companies and their directors. In addition, ‘no win, no fee’ arrangements have increased the potential for claims to be made against a company and its senior management.
It is frequently misunderstood that a company having limited liability status protects its directors and senior managers from personal liability. It does not. In reality, a director’s liability is potentially unlimited even to the extent of a charge on their salary if assets such as their home, cars and savings do not meet their liabilities.
Who Can Sue Directors & Senior Management?
Regulatory bodies, Employees, Customers, Competitors, Suppliers, Government departments or organisations, e.g. for health & safety, local authorities, HM Revenue & Customs, agencies for the protection of the environment and many more, Contractors, Creditors.
What Actions Might Senior Management be Personally Liable for?
Employment disputes, including wrongful, unfair or constructive dismissal, harassment and wrongful discipline. Involuntary, constructive or gross negligence, manslaughter and far-reaching health and safety legislation. Anti-discrimination regulations, including sexual, racial and age discrimination.
Wrongful trading i.e. trading in the knowledge the business is or will become insolvent. Unpaid taxes where the company has become insolvent. Bribery and corruption.
Even if allegations are unfounded defence costs can be crippling, especially to smaller companies. Other legal costs, such as attendance at investigations into the affairs of the company, should not be underestimated.

Company Legal Liability
This section of cover responds where claims are made involving the company, either as the sole target or jointly with one or more individuals.
Employment Practices Liability (EPLI)
With an average cost of £20,000, EPL claims can be extremely financially damaging as well as draining management resource and potentially harmful to your company’s reputation.
Recent years have been extraordinarily active in shaping workplace law and this looks set to continue with employee rights strengthening.
Employees are increasingly aware of their rights and companies need to ensure their procedures are up to date with legislation to avoid disputes and the significant expense of defending claims.
Why Do I Need EPLI?
Employment Practices Liability insurance can protect companies against the financial impact of a claim providing cover for:
- Damages (including injury to feelings), judgments, settlements, defence costs and awards or claimant’s costs as well as pre- or post- judgment interest
- Legal representation costs for employment investigations. This cover also adds an additional defined limit of liability dedicated to such costs
- Cost of paying wages from date of purported dismissal to date of judgment in the event that the company is ordered to re-instate or reengage worker
- Punitive and exemplary damages where insurable by law

Legal Defence & Advice
Proactive legal advice and representation against common and evolving risks for UK registered businesses, charities and Housing Associations including template letters, HR & Employment advice.

Examples of Management Liability Claims
Health & Safety Investigation – Building Contractors
The Insured company commenced a design and build project. Two Health and Safety Inspectors attended site and conducted an unannounced safety inspection. Concerns were raised, and following investigation by the Health and Safety Executive, they initiated a prosecution against the Insured Company for allegedly failing to discharge the duty imposed upon them to take all reasonable steps to prevent danger to any persons.
The Insured Company were issued with a fine of £50,000 and Chubb provided cover for defence costs up to the client’s policy limit of £100,000.
Pregnancy Discrimination – Retailers
An operations manager informed her employer that she was pregnant. She claimed they then told her to resign. She refused, so she was dismissed, which she alleged was due to her pregnancy. The employer argued that it was due to her unsatisfactory approach to work and unauthorised absences during work hours.
The case settled before the scheduled tribunal hearing with settlement and defence costs totalling over £75,000.
Constructive Unfair Dismissal, Discrimination & Victimisation – Technology Company
The claimant alleged constructive unfair dismissal, race discrimination, victimisation, breach of contract and breach of the ACAS code. The claimant offered to accept £160,000 in respect of injury to feelings and the loss of earnings and with the provision that a reference be provided for future employers. Despite having little merit, the costs of dealing with the claim to conclusion were in excess of £60,000 and were not recoverable by the client.
Whistleblowing – Zoological Society
An employee was dismissed from the Insured Company and brought a Claim in the Employment Tribunal for Unfair and Wrongful Dismissal, Whistleblowing, Disability Discrimination. The Claimant was seeking above £140,000.
The Claim was settled for £75,000 plus £30,500 Defence Costs paid by Chubb the insurers.
Breach of contract – Further Education Establishment
The Insured company entered into a contract with a retailer for the supply and sale of clothing. The retailer went into administration and a dispute arose with the new company who purchased the retailer alleging that they became owners of the stock under the agreement held with the Insured company. The contract was terminated by the Insured Company but proceedings were issued by the new retailer company for breach of contract.
Chubb provided cover for defence costs amounting to just under £24,000.

CentriCity guarantee the delivery of our 360-degree service to every single one of our clients throughout the year.
In the current market we’re increasingly seeing incumbent brokers doing a half-hearted job, offering renewal with the current market despite significant premium increases; or leaving it far too late for their clients to make an informed decision.
Work with us and experience the difference;
- We will always contact you a minimum of 60 days prior to your renewal date
- We will always provide you with relevant risk management advice and guidance that’s relevant to the current climate
- We will always ask the right questions about changes to your business
- We will always asses your risk comprehensively and deliver the most suitable cover with transparent pricing
- We will always add quantifiable value to your business as your trusted insurance partner
Contact us today on 020 3830 7060 or info@centricitybrokers.com
“Cyber” is one of the most talked about topics in business, insurance, and media, but also seems to be one of the most misunderstood.
This is mostly down to the fact that the development of cyber insurance has historically been driven by the US market, and therefore focused primarily on third-party privacy exposures. At the same time, traditional insurance policies have tried, but rarely succeeded, at addressing cyber risks; this has left clients believing many exposures are covered when they aren’t.
Why do you need Cyber Insurance
Cyber insurance is necessary because traditional insurance policies were not designed to handle 21st century threats. Many standard first-party insurance policies such as property and traditional crime were designed to deal with threats to a company’s physical assets – their buildings, machinery, office equipment and tangible money only.
The majority of businesses these days have a much greater reliance on their digital assets than they do on their physical ones, which makes a ‘Cyber’ policy essential.
Truthfully, cyber attacks can happen to any business, no matter how big or how small. All data is valuable, so if your company holds data on their systems, even just names and addresses, you become at risk of a cyber attack. Although firewalls and other security measures are essential and can be used to prevent the likelihood of an attack, these measures do not stop an experienced attacker, so having the insurance in place in case they were to breach through this is vital.
How does it work?
Cyber insurance policies tend to be modular in nature, meaning that they consist of a variety of different coverage areas. Broadly speaking, most cyber policies can be divided into two areas – first party covers, and third party covers.
Typical ‘First-Party’ covers include:
• Incident Response – This section will generally pick up all the costs involved in responding to a cyber incident in real time, including IT security and forensic specialist support, gaining legal advice in relation to breaches of data security, and the cost associated with having to notify any individuals that have had their data stolen.
• Cyber Extortion – This section covers costs incurred in responding to fraudsters attempting to extort money out of an insured by either threatening to carry out a cyber attack or by threatening to expose or destroy data.
• System Damage – This covers the costs for the insured’s data and applications to be repaired and restored if their computer systems are damaged as a result of a cyber event.
• System Business Interruption – This aims to reimburse loss of profits and increased costs of working as a result of interruption to a business’ operations caused by a cyber event.
Typical ‘Third-Party’ covers include:
• Network Security & Privacy Liability – This covers third-party claims arising out of a cyber event, be it transmission of harmful malware to a third party’s systems or failing to prevent an individual’s data from being breached.
• Regulatory Fines – If permitted, this will cover the cost of certain fines and penalties that a regulatory body might enforce on an organisation as a result of them having suffered a data breach.
• Media Liability – This covers any third-party claims arising out of defamation or infringement of intellectual property rights.
Types of Cyber Claims
More than 95% of cyber claims are for first party losses only and they fall into three broad categories:
• Theft of Funds – This is straight forward theft of money from a company’s bank account. The fact that nearly every business can now move its money around electronically and remotely means that it is much easier to steal.
• Theft of Data – Identity theft has reached record levels in the UK, and to commit identity theft, criminals need data. Seemingly innocuous information such as names and addresses stored on a computer network can be worth more money than you think.
• Damage to Digital Assets – Businesses have an incredibly high dependency on their computer systems these days, and criminals know that. By either damaging or threatening to damage a firm’s digital assets, attackers know that they can extort money from their victims who might prefer to pay a ransom rather than see their business grind to a halt.
Today it’s clear that most cyber events tend to cause financial loss to the insured themselves, as opposed to third-parties that they deal with. In fact, cyber claims figures show that less than 5% of cyber claims by volume involve third-party legal action
Are you covered in the event of a Cyber Attack?
As you can see, the need for Cyber Insurance has never been so important! While cybercrime is on the rise, would it not be worth checking to see if your adequately covered in the event of a cyber attack?
Give our main office a call today and have a chat with our team to find out:
Alternitively, email any enquiries over to;
References:
https://www.ncsc.gov.uk/guidance/cyber-insurance-guidance
BIBA Cyber Guide
Let us ease your pain…
There’s no denying that the PI Market continues to be challenging for many sectors within the Construction arena, including Demolition, Piling and of course, any business involved in Cladding.
Whilst we sadly don’t have the magical powers required to rewind the market back a few years to blissful conditions and low rates, we do have significant experience in creating unique portfolios since the last ‘hard market’ to deliver the limits you require, allowing you to satisfy ongoing contracts and protect your business and exposures for the long term.
With our 360 Service Promise and Complimentary Collateral Warranty Checking at record speed, we may well be the much needed rabbit in your hat!
We love nothing more than a ‘complex risk’ challenge! If you’ve been told your cover is unobtainable, or you’d like an alternative proposal then we’re here to expertly guide and deliver.
#ProfessionalIndemnity #DesignandConstruct #LetsTalkFuture #Construction #CladdingInsurance #PilingInsurance #DemolitionInsurance #CollateralWarranty #InsuranceSolutions
If we told you CentriCity can deliver…
- Quantifiable cost savings
- Use & mileage based options
- 24/7 claims management
- Free telematics with rapid installation
- Intelligent driver analysis
- Driver reward programme
- Club CentriCity membership
- Unique 360 service promise
You’d want to talk, right?
N.B. Those who prefer paying more than they should, are happy dealing with their own claims and have little interest in risk management and enhanced driver safety need not apply.
#FleetInsurance #FleetManagement #LetsTalkFuture #DemandMore #RiskManagement #NextGeneration #Haulage #Manufaturing #Construction