OCIP & Joint Names Insurance UK: Hidden Risks for Subcontractors (Excess & Insurance Gaps Explained)
What Subcontractors Really Need to Know Most commentary on Owner Controlled Insurance Programmes (OCIPs) and Joint Names insurance focuses on the benefits to employers and main contractors. But for small and medium-sized subcontractors working on these projects, the reality can be very different. While these arrangements can open doors to larger projects, they can also […]
Lithium Battery Fire Risk UK | Safety Advice for Homes & Businesses
Safety Guidance for Homes and Businesses Lithium-ion battery fires are rising rapidly across the UK, creating a growing risk for both households and SME businesses. The recent devastating fire in Glasgow has again highlighted this risk. These batteries power many everyday devices including smartphones, laptops, e-bikes, power tools and electric vehicles. While generally safe when […]
Home Insurance – Are premiums still increasing?
In May 2024 we shared the depressing news that that the average cost of home insurance rose by 31% for the previous year! So what is the position now? Rising Costs and Inflation According to the latest Consumer Intelligence Home Insurance Price Index, the average quoted price of home insurance increased by 41.6% in the […]
Why is my Home Insurance premium increasing?
The average cost of home insurance rose by 31% from January to March 2024 compared to the first quarter of last year, according to Which and Compare the Market. At Munro-Greenhalgh we have also seen some big increases which are expected to continue throughout the year. The main reasons for the increases in premium are: […]