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Bridge Insurance Brokers Limited - Bulletin

Summer

Welcome to the Summer edition of the Bridge Bulletin

We understand that your time is limited, so here's a summary of this edition's contents

Data & e-commerce risks

Following a number of high profile data security breaches over the last few years the Information Commissioner has now been provided with powers to impose fines for serious breaches of the Data Protection Act.

Knowing or reckless breaches of any of the eight Data Protection Act principles will impose fines. Any fine imposed could be substantial - up to £500,000 maximum.

Follow this link to read more...

Number Plate Theft

Aviva Insurance has issued a warning about the theft of registration plates from a car or truck, which are then fitted to a stolen vehicle to change its identity and throw crime fighters off the scent.

Greater Manchester Police (GMP) said that people who have fallen victim to the crime may not even be aware of it until they start being sent parking and speeding tickets.

Follow this link to read more...

Bridge Claims Defensibility Programme

Helping you to help your insurer to defend claims

Over the years Clients have rightly expressed their exasperation with insurers who settle claims that in the Client's view they should be defending.

Insurers are often faced with the dilemma of choosing to pay a claim with an early settlement or defending and being involved in a protracted court case where if they lose costs will be much higher.

"Our work last year with a national leisure business

has enabled them to increase the number of claims denied and repudiated from around 10% to over 60%"

Follow this link to read more...

This e-bulletin has been prepared for general guidance only. No responsibility is accepted for any loss, damage or expense occasioned upon reliance on material contained herein/linked to, and no action should be taken by you without first obtaining professional advice on specific matters.

The information contained herein/linked to, is believed to be correct at time of publication.

Real People,

Real Cases...

Bridge Achieves £250,000 Cash Settlement

This settlement was achieved by working closely with insurers and loss adjusters following an aggravated burglary at a family home.

The family involved were so distraught and felt so unhappy in their home following the incident that insurers paid for alternative accommodation.

Unfortunately, this occurred during the freeze earlier this year and the family home suffered a burst pipe which caused significant damage.

Understandably, the family were even less inclined to move back into their home following the latest upset and so Bridge suggested the negotiation of a cash settlement based on estimates for repairs and replacements. The family could then use the money as they wished.

A settlement was agreed and the sum is partially funding the construction of a new family home on the original site.

For more information on our High Net Worth insurance, please follow this link...

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If you would like to find out more about the range of services that Bridge Insurance Brokers Limited (Bridge) offers, please get in touch with your usual Bridge contact or email us: enquiries@bridgeinsurance.co.uk

Bridge Insurance Brokers Limited, Cobac House, 14-16 Charlotte Street, Manchester, M1 4FL

Bridge Insurance Brokers Limited Registered in England No. 996284.
Member of the British Insurance Brokers Association.
Authorised and regulated by the Financial Services Authority in respect of insurance mediation activities.

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