We want to reassure our clients that Cavendish Munro have implemented a full home working business model using secure IT systems, to minimise the impact on our staff, whilst continuing to provide a full service to you in these challenging times.
All staff will be available on the same telephone and E-mail contact details you will have, or alternatively use the main switchboard number of 020 7264 0545 or email@example.com.
Where possible we ask that:
- All payments should be made by BACS and not Cheques.
- Items should be scanned and sent by E-mail and not posted or DX
This is an unprecedented situation, and we will continue to closely monitor and comply with official advice whilst ensuring we provide a normal service in the event that staff become ill or need to self-isolate.
Lloyd's Brexit Update
Lloyd’s is proposing to transfer certain EEA insurance policies to Lloyd’s Brussels. The proposed transfer will not change terms and conditions of any policy, except that Lloyd’s Brussels will become the insurer and Data Controller in respect of the transferred policies. Further information about the proposal (including whether it could affect your pre-transfer position), which policies are transferring, your rights and what you need to do can be found at www.lloyds.com/brexit-transfer
Our arrangements for trading in the EU
The UK left the European Union in January 2020 and we are now operating in the planned 11-month transition period, during which the UK ceased to be an EU member but EU insurance laws and regulations continue to apply.
At the end of the transition period, currently scheduled for 31 December 2020, all UK registered insurance intermediaries will lose their automatic rights under EU law to provide services to EU clients. We have therefore taken steps to ensure that our clients with EU risks will continue to be looked after as seamlessly as possible.
Global Risk Partners Intermediary Limited (registered in Ireland with company number 635016) like Cavendish Munro is part of the GRP Group and is registered as an insurance intermediary in the Republic of Ireland. Through the involvement of Global Risk Partners Intermediary Limited our team will continue to be able to assist clients with their current and future insurance needs in the EU, providing the same high standards of service as always. Please contact us if you would like to find out more about these arrangements.
FCA Test Case update
The High Court sat in session on the 2nd October 2020 to hear submissions from Insurers seeking leave to appeal the judgement that was handed down on the 15th September 2020.
The High Court has allowed the “Leap Frog Appeal” which means the case will now bypass the Court of Appeal and move straight to the Supreme Court
Neither Zurich nor Ecclesiastical Insurance have appealed the original High Court decision as the Court found in their favour and it has been determined that the Business Interruption extensions under their particular policies do not provide cover for losses as a direct result of the Covid Pandemic.
The other Insurers participating in the Test Case have four weeks from the 2nd October to enter their submissions at which point the Supreme Court will decide whether to accept the Appeal. If granted it is anticipated the hearing will take place prior to the end of the year with the judgement, which will be binding on all parties, to be delivered early in 2021.
We can usually arrange travel insurance that covers pre-existing medical conditions. However, if for some reason we are unable to find you affordable travel insurance for your medical conditions, the Money Advice Service has launched a directory listing companies that may be able to help you. The directory can be accessed by either clicking here or calling 0800 138 7777.
Welcome to Cavendish Munro
- We provide a personal service to every client, ranging from performing a market exercise to search for value for money for clients, to assisting clients to present their claims to insurers, should the need arise
- We have a nationwide network of insurer contacts, along with access to the prestigious Lloyd’s market, enabling us to meet face to face with underwriters to broker great deals on indemnity insurance for our clients
- If you would like to find out more, to see if we can save you money or help with placing your insurance if you have had problems in the past get in touch today.
Professional Indemnity Insurance
Your professional indemnity insurance offers you and your firm financial protection against claims from your clients, if they have suffered a loss as a result of an error on your part.
With so much at stake, it is vital that you have the right cover in place.
We are specialists in our field and aim to help you find the right policy, at the right price.