2021/22 Premier League season is underway
Following an exhilarating summer of sport, which began with the Euros 2020 and ended with the Tokyo Olympics, the new Premier League season is underway, with fans everywhere enthusiastic about their team’s prospects for the games ahead.
Water leak claims increase by over 30% in Q1 2021
The number of claims made for water leaks in the home were up by more than 30% in the first quarter of 2021 compared to the same period the year before.
The importance of events insurance
With so-called ‘Freedom Day’ approaching, the events industry – which has been practically brought to a standstill since the pandemic first reared its head in early 2020 – is busy making plans to re-emerge with a vengeance.
Question and Answers with Claire Merenda, Head of Commercial and Liability at Nelson Policies at Lloyd’s
Every now and then, Nelson Policies at Lloyd’s takes the time to get to know our team members better.
In our latest Q&A session with a member of staff, we caught up with Claire Merenda, Nelson Policies at Lloyd’s much-esteemed Head of Commercial and Liability.
The rise of the British staycation
With uncertainty surrounding foreign travel showing no sign of subsiding, more and more people are opting to stay on British soil for their holiday.
FCA announces the levelling up of premiums for new and renewal customers: What will the changes mean for insurers?
The Financial Conduct Authority (FCA) has announced it is levelling up premiums for new and renewal customers. The FCA is introducing rules to improve the way general insurance markets function.
It’s back! Wimbledon 2021
There’s not long to go until the much-loved Wimbledon Championships gets underway, kicking off an exciting summer of British sport.
What the end of the stamp duty holiday will mean for the housing market
The stamp duty holiday, which was introduced in on July 8, 2020, as a means of helping buyers who may have been subjected to a financial loss due to the Covid-19 pandemic, is coming to an end.
Do your clients have the correct cover now they are reopening?
Businesses reopening their doors following months of closure is a much-welcomed sight up and down the country.
As lockdown restrictions begin to be eased across Britain and the roadmap back to reopening remains on track, there are steps businesses should take to help reopen with minimal hitches and business disruption.
The safe unlocking of sports activities in Britain
Following the long period of stagnation of outdoor sports due to the Covid pandemic, there is a huge appetite to get back participating in and spectating the sports we love and once took for granted.
A Q&A with Gavin Allen, Residential Underwriter
This month we caught up with Gavin Allen, Residential Underwriter at Nelson Policies at Lloyd’s, to find out more his role, what he enjoys about the insurance industry, and what he likes doing in his spare time.
Nelson Policies to make a donation to Lloyd’s charity Habitat for Humanity Great Britain
In 2019, Lloyd’s Charities Trust launched a new disaster resilience partnership with Habitat for Humanity Great Britain. The move is part of Lloyd’s ongoing response to emerging risks and the challenges they pose to communities across the globe.
The roadmap back to playing sport
For anyone who enjoys playing the likes of golf, tennis, grassroots football, or going swimming at their local leisure centre, this last year hasn’t been easy.
Subsequent lockdowns have forced sports clubs and leisure centres into closure, with members pining for their return.
Q&A with Lorraine Caddick, Commercial Underwriter at Nelson Policies at Lloyd’s
Nelson Policies at Lloyd’s had the pleasure in catching up with our Commercial Underwriter Lorraine Caddick. Have a look at what Lorraine likes about working in the industry, how starting a new job has been in the middle of a pandemic, and what she likes to do in her spare time…
2021 sporting calendar: What’s coming up?
The Covid-19 pandemic caused immense disruption to virtually every sport in 2020. We’re keeping our fingers firmly crossed for a less disruptive 2021, as there’s some huge sporting events in the pipeline for the forthcoming months.
What the lockdown means for landlords
With another national lockdown, 2021 hasn’t exactly got off to the start we had hoped. Though it’s not all doom and gloom, as asides two vaccines being rolled out, the government has confirmed that, unlike lockdown 1.0, the housing market will remain open.
Nelson Sport & Leisure launch new facility
Nelson Policies at Lloyd’s Sport & Leisure division is delighted to announce an agreement has been reached for a new Sport & Leisure facility.
In the spotlight: A Q&A with Robbie Monk
Nelson Policies at Lloyd’s catches up with Robbie Monk. Check out our interview with Robbie to find out more about his role as Director/Senior Underwriter of the Sports & Leisure division, how he’s been navigating these challenging times, and what he likes doing in his spare time.
Importance of maintaining insurance for assets and liability during lockdown
Anyone who runs a business assumes the responsibility for the protection of their assets. Such assets may include property, business equipment, vehicles, stock, tools and more. It is also a business owner’s responsibility to maintain the safety and wellbeing of a range of people, from customers to employees.
Winter precautions to protect sports and leisure property
As the temperature rapidly drops and much of the country hangs under persistent rainclouds, September’s much-welcomed ‘Indian Summer’ seems like a long time ago. Forecasters are predicting a ‘Norwegian barrage’ is on its way, bringing frost, rain, and icy winds.
Starting a new business in the middle of a pandemic
The middle of a pandemic must be a bad time to start a new business, right? Not necessarily. With employees being furloughed and, worse still, people losing their jobs, now is proving a good time to “take the bull by the horns” and start a new venture.
Q&A with Dean Hollman, Commercial Underwriter at Nelson Policies at Lloyd’s
Nelson Policies at Lloyd’s had the pleasure in catching up with our Commercial Underwriter Dean Hollman. Read on to find out what Dean likes about working in the industry, how starting a new job has been in the midst of a pandemic, and what he likes doing in his spare time…
Walking football escalates in popularity as a safe form of exercise
Walking football has been steadily gaining popularity as a safe form of exercise for people of all walks of life. The ‘gentler’ version of football was originally developed specifically for older men.
Tips for drivers to fine-tune their driving skills as we exit lockdown
Having been confined to our homes for weeks on end in lockdown, it is safe to say drivers may be a tad rusty when they get back behind the wheel again. As traffic gathers on the road once more, now could be the perfect time for drivers to fine-tune their driving skills with the following road safety tips.
Reopening of sports clubs puts the right insurance product in the spotlight
As lockdown is gradually being eased throughout Britain, sports clubs and leisure facilities are reopening to members. With sports clubs opening their doors to the public once more, it’s imperative facilities have the right insurance product in place to protect members and staff.
How the stamp duty holiday will impact residential insurance
Speaking at the summer economic update, the Chancellor Rishi Sunak confirmed plans for a major cut in stamp duty. In a bid to boost the housing market, as of July 8, house buyers no longer have to pay stamp duty on properties up to £500,000 in England and Northern Ireland.
Increased appreciation of exercise and leisure activities during lockdown
Life under lockdown has brought both ‘ups’ and ‘downs.’ One positive ‘silver lining’ of lockdown is that it has spawned greater appreciation of exercise and leisure activities.
How are you keeping fit until your sport club is open again?
Research has repeatedly shown that sedentary lifestyles have a negative impact on physical and mental wellbeing. Since lockdown measures were introduced in late March, health professionals have constantly reiterated the importance of carrying out regular exercise.
First quarter in review
It has been a frenetic but successful start to 2020 for the team at Nelson Motor.
60 second Q&A with Lee Kendrick-Walker
Why did you join Nelson Motor – Opportunity and challenge. The chance to grow and develop a book, and help shape the development of that book
New emergency flood relief fund available for sports clubs hit by recent UK storms
A new emergency flood relief fund has been set for sports clubs and facilities that have been negatively impacted by the recent bad weather, namely Storm Ciara and Storm Dennis. Sports pitches and facilities that were damaged or destroyed by the recent storms can apply for emergency grants of up to £5,000.
80% of commercial properties are underinsured
A staggering 80% of commercial properties are at risk due to underinsurance. According to a leading building surveyor, owners of commercial property are putting their assets at risk, estimating 80% of commercial property is underinsured by between 20% and 45%.
Why insurance should be on every event planner’s checklist!
Christmas has been and gone and it’s the start of not only a new year, but a new decade. The long month of January is often a time of sobriety and reflection. It can also be a good time to start planning events for forthcoming months.
Nelson Policies launches Full Perils Cover for Commercial Unoccupied Property
Nelson Policies at Lloyd’s is excited to announce the release of a new Commercial Unoccupied product – Full Perils Cover.
Ensuring Christmas tech gifts are adequately insured
Technological devices have become one of the most opened gifts on Christmas Day. In the run-up to the festive season, shoppers everywhere are purchasing gadgets for loved ones for Christmas.
Winter tips for golfers
Winter might not be the season traditionally associated with enjoying a round of golf. However, with a little preparation and know-how, golfers can enjoy teeing off all year round, including during the winter.
Ensuring homeworkers are insured: What’s considered as ‘business use’?
Figures by the Trade Union Congress (TUC) show that the number of people in the UK who regularly work from home is around 4.2 million. In 2005, the figure stood at 3.4 million. Today, the proportion of the workforce working from home offices is 13.7%.
Unoccupied commercial properties
You don’t have to travel too far in Britain until you come to a high street with vacant shops boarded up.
Research from Local Data Company’s review of 3,000 retail centres across the country shows that in the first half of 2019, almost 12% of retail sites were unoccupied.
Lack of exercise costs UK employers £6.6bn a year
Inactive lifestyles are costing UK employers as much as £6.6bn in lost productivity each year. This was the finding of the ‘Economics of Exercise: measuring the business benefits of being physically fit’ report.
Liability based business insurance
If an individual is accidentally injured in their place of work, or if a property is damaged due to the activities of a business or the products it has supplied, the business could be liable for the injury or damage by law.
To protect businesses from such potential claims being made against them, it is vital they have liability insurance.
Full Perils – Residential unoccupied insurance
Nelson Policies at Lloyd’s can now offer full perils on unoccupied residential property insurance, designed to accommodate a wide range of unoccupied properties. These properties might be unoccupied for an extended period due to renovation work being carried out, awaiting sale, or pending let.
Rugby World Cup 2019
On September 20, the 2019 Rugby World Cup will commence in Japan. What will be the ninth Rugby World Cup, will run until November 2.
The demand for electric vehicles (EVs) continues to grow. From 2013 to the end of July 2019, new registrations of plug-in cars in the UK increased from 3,500 to more than 223,000.
Premier League gears up for rule changes for 2019 – 20 season
Premier League fever has erupted in Britain once more, with the 2019 – 20 season kicking off this weekend. As players, managers, teams and fans up and down the country optimistically look forward to the start of the new season, there’s a new set of rules implemented for us all to get used all.
Large proportion of UK homes remain uninsured
Home insurance provides essential cover for a person’s home and its contents. Despite this, a large segment of the UK homes remain uninsured, putting people’s property and content at risk.
Explaining Contractors All Risk Insurance
Contractors All Risk (CAR) Insurance is an optional, non-standard insurance policy which provides cover for the damage of property or any third-party damage or injury claims during construction projects.
Importance of event cancellation insurance
The financial losses that can incur as a result of an event being cancelled can be crippling. One common reason for the unexpected cancellation of events is due to the non-appearance of key performers.
Insurance for event organisers
Organising an event comes with many rewards and challenges. One of the biggest challenges of event organisation and management is ensuring the safety of staff, delegates, guests and everyone else involved in the occasion.
Number of empty homes on the rise in England
The number of properties that are empty in England has risen for the second consecutive year to more than 216,000, official figures show.
According to the Ministry of Housing, Communities and Local Government, in the 12 months to October, the amount of long-term empty properties, those that have been vacant for at least six months, increased by 3.5% to 216,186, the highest level since 2012.
Insurance and convictions
Statistics show that there are more than 9.2 million people in the UK with criminal convictions. A criminal conviction can be something more minor like a speeding fine, or more major like a prison sentence.
Convictions can have implications when taking out insurance, including commercial insurance.
ICC Cricket World Cup 2019 – Can three-times runner-up England win the World Cup?
From 30 May to 14 June 2019, the 12th Cricket World Cup is taking place. The tournament is held in England at different cricket clubs, with the first match held at The Oval in Kennington, South London and the final being hosted at Lord’s in St John’s Wood, London.
Taking place on home soil, can three-times runners-up England win the Cricket World Cup 2019, beating the likes of five-times champions, Australia?
The ICC Cricket World Cup takes place every four years and is organised by the cricket’s governing body, the International Cricket Council (ICC).
17 percent of landlords set to expand portfolio in next 12 months
One in six landlords – 17 percent – are planning to increase their property portfolio over the next 12 months.
This was the finding of a survey by the Foundation Home Loans, which also revealed that 23 percent of landlords invested in property purely for financial reasons, while another 21 percent plan to use their rental income to fund their retirement.
Insurance for Wholesale Businesses
The wholesale sector plays a vital role in retail and helping drive the economy forward. However, acting as intermediaries that purchase goods in bulk and resells them to retailers at a profit, wholesalers are not without their risks and subsequently need to protect their products and business from potential perils.
The social benefits of angling
With more than an estimated 4 million people fishing in England and Wales in a year, angling remains one of the UK’s most popular leisure activities.
Nelson Policies at Lloyd’s offers new Residential Property Owners contracts
Nelson Policies at Lloyd’s is pleased to announce we have a new supporting insurance capacity provider.As well as updating and enhancing our Non-Standard Household and Residential Unoccupied (formerly vacant) cover, we are thrilled to be able to provide a new standalone Residential Property Owners Product.
Leading causes of damage to golf greens
With the arrival of spring (allegedly), golf clubs up and down the country are preparing for a busy season ahead. For players to be able to play to the best of their ability and for clubs to maintain a credible reputation, healthy, successfully-managed greens and fairways are vital.
UK remains in the throes of a ‘start-up revolution’
Business in Britain is booming with the nation being fully entrenched in a what’s been hailed as a ‘start-up revolution.’In 2016, almost 660,000 companies were established in the UK, a significant increase from 2015, when the figure stood at 608,000.
Nelson Policies at Lloyd’s is excited to announce a new insurance capacity provider for the Residential team
Nelson Policies at Lloyd’s is excited to announce the addition of Ergo Versicherung AG, UK Branch as a capacity provider to the Residential team. Ergo Versicherung AG, is the subsidiary company of Ergo Vericherung AG, S&P Rated AA-.
Growing number of homeowners choosing to renovate rather than move
The number of homeowners choosing to make improvements to their homes rather than selling and moving on has been steadily increasing in recent years.
The rise of caravanning in the UK
Caravanning in the UK is a £6 billion industry success story. Britons remain Europe’s leading buyers of touring caravans, with the UK caravanning market being second only to the US.
The importance of motor trade insurance
Operating a motor trade business comes with its unique risks, challenges and responsibilities. It is therefore vital anyone running their own motor trade business has the right insurance in place.
Meet Our Commercial Division Team
Since founding in 1984, Nelson Policies at Lloyd’s has gone from strength to strength, evolving to become a market leader in offering insurance to intermediaries across the UK.
The talent and experience of our Commercial division plays a pivotal role in our ongoing success in providing insurance solutions through a network of brokers.
Event season is approaching highlighting the importance of event insurance
The events industry is booming in the United Kingdom with events of all types and sizes being held in virtually every city, town and village up and down the country.
This huge industry is a worth a staggering £42.3bn and supports an incredible 570,000 full-time jobs. And that’s just for starters! A colossal 35% of Britain’s visitor economy is accounted for by events and the top ten UK event agencies turnover more than £3.5bn.
Fire Safety Advice for the Home
From April 2017 until March 2018, the Fire and Rescue Services (FRSs) attended 30,744 domestic dwelling fires. Chimney fires accounted for 4,015 of the fires the FRS attended to during this period. Domestic fires are the leading cause of fire-related death in England. For example, in 2014 – 2015, 80% of all fire-related fatalities occurred in the home.
The festive season highlights the growing need for terrorism-related insurance
The festive season is a time when people and communities unite and gather, celebrating Christmas with markets, light switch-on events, nativity plays, concerts, outdoor ice-skating and much, much more. Sadly, popular community events that draw in large numbers of people are targets for cowardly acts of terrorism, forcing organisers to be diligent and prepared for such atrocious crime.
Winter precautions to protect sports and leisure property
Winter has arrived with a bang with parts of Europe already battling with snowy conditions. Britain is poised to face its coldest winter for a decade, with heavy winds and early snowfall threatening to wreak havoc across the country.
The importance of Ratings for Insurers and the Implications of Poor Ratings
Like many industries, the insurance sector is rated to give brokers and consumers better knowledge of the competency, standard and performance of a company, so they can make a more informed decision over whether to choose a specific company as their insurer.
Nelson Policies at Lloyd’s supports Movember to raise awareness of men’s health issues
Nelson Policies at Lloyd’s are proudly supporting Movember 2018, to help raise awareness of men’s health issues, including prostate cancer, testicular cancer, mental health and suicide prevention.
Become a ‘Soberhero’ and improve your sporting performance with Go Sober for October
Thousands of ‘Soberheroes’ are going sober this month, as part of the Go Sober for October – aka Stoptober – campaign, in which participants go without alcohol for 31 days to raise funds for Macmillan Cancer Support.
How will Brexit affect UK house prices?
From the minute the UK voted to leave the European Union in the 2016 referendum, questions and debate about how Britain’s housing market will fare under Brexit have been escalating with uncertainty and division.
The resurgence of netball in Britain
Netball is experiencing a resurgence in the UK, with more and more participants joining in the game throughout the country.
In 2016, some 219,800 people participated in the sport. This growing participation sees around 180,000 people aged 16 and above take to the court at least once a week.
Is your listed property adequately covered?
There are around 500 listed buildings in Britain. A building becomes officially listed when it is included on the Statutory List of Buildings of Special Architectural or Historic Interest. When it has a listed status, a building cannot be changed, extended or demolished without special permission from the Local Planning Authority.
Ryder Cup 2018: All eyes will be on the Albatros Course of Le Golf National
In what will mark the last big tournament of a summer packed with the biggest competitions in the world of sport, is the Ryder Cup 2018. From 28 – 30 September, the 42nd Ryder Cup will be held at the Albatros Course of Le Golf National in Saint-Quentin-en-Yvelines, to the south-west of Paris.
Nelson Policies at Lloyd’s re-launches motor trade internals capability
Nelson Policies at Lloyd’s is excited to re-launch our Motor Trade Internals capability utilising capacity provided by incumbent long term partner Canopius Managing Agents syndicate 4444.
Tour de France 2018: Can Chris Froome win the tour again?
July is here and that means one thing in the world of sport – three weeks of cycling at its most exhilarating, gruelling and nail-biting, in the sport’s biggest annual race.
The difficulties of obtaining buildings insurance from exchange
If you’re purchasing a new property with a mortgage, it is vital you take out buildings insurance, as without it, you will foot the bill if damage occurs in the home, on top of paying the mortgage. But when should the home insurance start, from exchange or completion?
Hockey Women’s World Cup 2018 – Can we win on home soil?
Forget football, tennis and cycling, this July is all about hockey and what will be the biggest women’s sport event in UK history.
How Roger Federer maintains his fitness and prolific tennis success
Spring is well underway and the brighter, lighter weather means some exciting tennis tournaments are getting closer. Who will be crowned as the biggest tennis star in the major tournaments of 2018? Nadal? Anderson? Federer, perhaps?
Terrorism Insurance & The Unseen Gap in Cover
Sadly, 2017 was fraught with terrorist attacks in Britain with the number of people arrested for terrorism linked offences rising by almost 60% to record levels. Terrorist attacks often result in devastation and chaos, with loss of life and injury, damage to property, business interruption, damage to brand reputation and legal liability issues.
Why it makes sense to purchase legal expenses insurance
When taking out residential or commercial insurance, legal expenses is one aspect of cover that should not be overlooked. Legal expenses contracts fund the costs associated with legal and/or the costs of defending or initiating a court case.
The 2018 World Cup and the potential pitfalls of VAR
The 2018 World Cup is getting closer, promising to be an historic footballing occasion. This year’s tournament is the first World Cup in which the Video Assistant Referee (VAR) will be used.
Why it is important unoccupied commercial property is adequately covered under an appropriate insurance product
In challenging economic times, in which lenders are less inclined to lend and entrepreneurs adapt a wariness that halts their commercially-minded spirit, commercial property inevitably becomes less sought-after and its demand begins to wane.
Households can protect themselves against weather damage this winter with Nelson Policies Non-Standard Household Insurance
The 15th and 16th of October 2017 marked the 30th anniversary of what remains one of the most talked about British weather incidents of modern times. The ‘Great Storm’ of October 1987, which brought gusts of more than 100 mph to the British Isles, resulting in the loss of 22 lives and around $1 billion worth of damage acted as a wake-up call for property owners to be more prepared for the potential devastation extreme weather can cause.