Mayor Broking Limited

"Nigel Mayor of Mayor Broking has looked after our company insurance needs for many years. He has demonstrated over the years his “can do attitude” which in business is precisely what we need. I would not hesitate to recommend him and his company for your insurance requirements.
Guy Symons, Director of Ballards Estate Agents


Identity fraud is likely to accelerate in 2010 as organised criminals target the rich, according to a report

Some 72% of ID fraud in 2009 came in the second half of the year with company directors and business owners the most at risk, Experian found.
The credit reference agency said that the number of ID fraud victims rose by 20% in 2009 compared with 2008.
London remained the UK's crime hotspot area but Salford, Manchester and Cardiff were also vulnerable, it said.
Many “executive” style home insurance policies now provide cover for identity fraud, so it is more important than ever to ensure you have the best cover available.
Author: NM

Businesses have been warned to prepare for flash flooding caused by this summer’s hot weather.

Aviva Risk Management Solutions (ARMS) said the sweltering heatwaves predicted for the summer could lead to heavy downpours, causing sudden floods.
”Although we are all enjoying warmer weather, with the predictions that this may continue throughout the summer, it is wise to bear in mind that this can bring increased risk of heavy rain and potential flooding”, said Ted Kendrick, technical and risks solutions manager at ARMS.
“It is always wise to prepare for the worst rather than wait until it is too late, particularly as the cost of the damage caused could be even more devastating to businesses in the current economic climate,” Kendrick added. In the past, flash flooding the UK has left businesses with huge bills for refurbishing offices, new office equipment, and lost working hours.
ARMS advised businesses to check the flooding history of the local area, as well as the proximity of streams, water channels, and other water drainage systems.
“If you discover your business is at risk, actions may be needed to ensure you don‘t suffer a loss”, Kendrick concluded.
Author: NM

One in five construction companies are now trading without credit insurance cover, according to research by the Construction Products Association (CPA).

Meanwhile, firms continue to steer a wide berth around the government’s credit insurance top-up scheme.
Of the 100 construction firms polled, the CPA found just one that had opted for the government plan, and even that business said the cover provided by the scheme is “expensive” and “very limited”.
“It is clear from this survey that the scope and cost of the scheme has made it unattractive to all but a few companies”, said CPA chief executive Michael Ankers.
“Unless the Government is prepared to extend the scheme beyond the end of the year, any changes are unlikely to have any real, beneficial impact.”
A leading credit insurer said take-up remains low for the government scheme because it is “simply too pricey” for most businesses.
Aviva has announced the successful launch of a new commercial property owners’ policy via its online trading platform, Fast Trade.
The offering, which is available exclusively online, has been developed with owners of one to 10 commercial properties in mind.
The maximum buildings sum insured is £2 million per property and the policy provides rates for over 1,000 tenant trades, including office blocks, shops, factories, small warehouses and industrial units.
Product development manager, Andrew Green, says: “Whatever the property is used for, we’ve designed the cover to make things easier for brokers and their customers, with the flexibility to add on additional cover.”
Author: NM