A new commercial insurance product has been introduced by Hiscox Insurance designed especially for top quality venue owners.
The new Hiscox policy will be sold exclusively through brokers and will target places such as art galleries, museums, theatres and so on. Protection will include buildings and contents insurance, public liability, employer liability and also risks from the internet and email. Extras can also be added as needed, for situations such as doctors surgeries where malpractice cover may be required.
A spokesman from Hiscox was pleased to be able to offer this new product and felt that the specialised nature of the policy would lead to it being adopted by the places that need it, the value of the cover being clear to see.
According to the information provided by AA Insurance around 4,000 caravans are stolen each year in the UK, with the midlands being the area from which they vanish more than any other.
It has been suggested that the convergence of several main motorways could explain the Midlands status as caravan theft capital of the UK. With the M6 and M1, as well as the M42, all close by it is easy to get to any part of the country, traffic excepted of course. AA Insurance figures show the Midlands loses 10 percent more caravans than anywhere else.
Caravan owners should ensure their caravan is always secured, making it harder for thieves to take it away. This is especially true at this time of year, said the AA Insurance spokesman, since many people prepare the caravan on the drive prior to setting off for a trip. This is when it is most vulnerable.
The Prudential has named its new chairman as Harvey McGrath, previously the chairman at leading hedge fund company Man Group. Mr McGrath retired from that position late last year but has clearly felt the need to return back into the financial services sector with this new appointment.
The role will be a non-executive one for which he will receive a fee of GBP500,000 annually. Mr McGrath felt that the Prudential combined a very strong history with an exciting future and as such seemed the perfect choice for him. He also meets the requirements of investors who wanted to see a chairman who was based in the UK but also brought experience of the international arena.
Mr McGrath has plenty of experience to draw upon and is looking forward to the challenge, with lots of background and hands on knowledge of many things the Prudential are currently dealing with.
