With our wealth of experience in the Plant, Machiney & Construction Insurance sectors, Andrew Bourne & Co will be actively targeting clients in these sectors throughout 2013 and 2014.

Watch out for our new marketing material, coming soon!

Heavy Plant Hirers & Waste Recycling Contractors, beware the markets are vastly declining following a number of high profile losses being incurred by insurers - Please contact David J Crowther – Director at Andrew Bourne & Co, if you would like some expert independent advice and a free review of your insurance programme – Tel: 0116 272 0770 / 07536117804 / david.crowther@abourne.com

Andrew Bourne & Co.  are now one of a limited number of insurance consultants with access to a unique policy that will pay for a Chartered Loss Adjuster to work on your behalf to prepare, negotiate and settle Material Damage, Business Interruption and Contract Works claims exceeding £5,000. It is called Loss Recovery Insurance.

In in brief the policy cover provides:

• Quick response at a time of crisis
• A dedicated Loss Adjuster to prepare and negotiate your claim
• Peace of mind from best advice
• Saves time and minimises disruption to your business
• Negotiation of the best available settlement under the terms of your policy
• Management of meetings and correspondence with your insurer
• Working with your accountants to prepare any business interruption claims
• Arrangement of remedial work and surveyors if required

Of course we would still be there to support you during the loss. However, larger insurance claims can be extremely time consuming and disruptive to a business, and  using a unique loss recovery insurance policy would greatly reduce the impact of a claim.

Premiums start from as low as £32.00 including IPT for a small business.  We  believe that including this policy within all our clients insurance programme would ensure their insurance requirements are more fully met.

For further details, or to ensure this service is included in your insurance programme, please contact your usual Account Manager on 0116 272 0770

High metal prices continue trend of insurance thefts.

In April,  the BBC reported that thousand of homes in Edinburgh  could have been left without power after thieves tried to steal metal from an electricity sub-station. Fencing was cut by thieves around Newbridge Electricity station but were disturbed before they could steel any metal. If successful thousands of homes in Edinburgh could have been left without power.   (Full article here )

This incident mirrors a  national trend of thefts of metal from business premises in the past several months.   If you are a foundry  that handles large quantities of metal,  you are at an increased risk due to metal prices.

We therefore recommend the following advice to foundries:

• Review your physical security arrangements –  This should include the site perimeter,  building exteriors and high value stores
• Is your Intruder alarm system adequate?
• Many alarms are restricted to office areas. Can these be extended?
• Consider CCTV as part of your overall security.
• Have you increased your sums insured to cover the raised values?
• What are your security arrangements for Stock in the open?
• Make sure your Business Continuity Plan includes arrangements to deal with raw material storage.

Andrew Bourne and Co. are specialist insurance consultants to  the Cast Metals  Industry. For further information on the above , or if you would like a FREE impartial review of your present  insurance programme,   please contact our foundry insurance expert Richard Gibson on 07510 695335 or email  richard.gibson@abourne.com