The Insurance Act 2015 has been hailed by the government as “the biggest reform to insurance contract law in more than a century”. But what does it mean for you and your business? Well there are two main areas you should know about, and the first was covered in Part 1: Warranties which you can […]
Individual, Local, Professional
Bridging the gap between local business and UK wide insurers. Share your concerns with us and we’ll help find you the solutions
WELCOME TO FORTH INSURANCE BROKERS LIMITED
Forth Insurance Brokers Limited offers a personal, local service accessing covers from the wider insurance market.
We are not salespeople. We are professional advisers, seeking to secure the best deals for you and to build links between you and the right insurers.
Insurance can be complex but it doesn’t need to be. We are qualified to help understand your situation, make recommendations and arrange the appropriate cover. We are here to help you every step of the way.
extensive commercial insurance experience
Forth Insurance Brokers is headed by Gavin Cairns Dip CII. Gavin has nearly 30 years’ extensive commercial insurance experience within national and local brokerages, and for a global insurer. He holds a Diploma in Insurance qualification and is experienced in representing organisations ranging from sole traders to multi-national corporations.
Dedicated broking, underwriting and problematic claims handling experience, gained in Scotland and overseas in Gibraltar, means that Gavin is able to protect the interests of your organisation, whether it’s an SME, corporate, public sector or a charitable organisation.
Commercial Combined Insurances
We arrange programmes around your specific needs to protect your assets – whether physical or monetary and Indemnity for any legal liabilities, all of which are to protect your balance sheet. Although Property insurance can be a mortgage contractual obligation there are other legal obligations we can cater for eg. (i) min of £5m EL cover if you have employees/volunteers/labour only subcontractors, (ii) Motor (Third Party Liability) relevant to vehicles registered for road use or (iii) pre-set periodic statutory Engineering Inspections for certain types of Machinery available from Engineering Insurers.
Public (& Products) Liability
Due to an increasingly litigious society, we see ever increasing claims awards, therefore, depending on individual trades/risks the minimum limit of liability often recommended can be £2m but contract sizes and/or estimated maximum loss(EML) exposures can result in higher limits needed which we can arrange via one/more Insurers.
Commercial Motor, Motor Fleet & Motor Trade Combined. Whether individual business vehicles, larger or mixed groups of vehicles (fleets) or businesses operating in the motor trade sector, we have access to a range of policies. Risk management tools can help advise you and reduce risk exposures so as to secure cover at desirable costs.
Most businesses use some form of IT or websites, which can be vulnerable to cyber criminals. New communication methods mean new types of risk exist. Risks that were previously unheard of and were not covered by insurance policies. Whether IT systems or websites are damaged by hackers, viruses or even staff, the methods are increasing. The covers vary and it is important to seek our advice to arrange covers against computer exposures or traditional Fidelity risks.
As laid down by company legislation, unlimited liabilities arise from management responsibilities of company directors or senior personnel and can be attributable to them personally.
Allegations or legal actions against senior management could see such individuals held accountable and have their own personal assets put at risk.
Claims can arrive from shareholders, regulators, customers, employees or indeed investors, administrators or competitors. Regularity bodies may raise actions for reasons such as pollution, health and safety breaches, wrongful trading, breach of copyright or intellectual property rights, acts of discrimination or in relation to mergers and acquisitions.
Directors and Officers (D&O) insurance is therefore designed to provide cover for senior managers’ legal defence costs and, where appropriate, any financial settlement award.
Pension Trustees Liability
Like directors of companies, trustees of pension funds can be exposed to liability exposures related to mismanagement of pension funds. Pension trustees’ liability insurance can be obtained to protect the trustees.
If you provide services or advice to customers (usually for a fee), you can be exposed to potential claims for any alleged errors or omissions in the advice, which results in a loss to your customer. This insurance is designed to indemnify your business by responding to any claimants’ allegations, negotiating a settlement or repudiating claims on your behalf. We have numerous options available, depending on your business activities, and we can explore the best options available to you.
Whether cover is required for loss or damage to key items of your machinery or Business Interruption following damage to such Plant or arranging of statutory inspections of specific types of Engineering Plant, cover is available from a variety of Insurers. Classifications of types of Plant inspected are Pressure, Lifting, Electrical/Mechanical and Ventilation.
Goods In Transit / Marine
Whether transporting /distributing/storing Own Goods or Others’ Goods, we have different options available, not just for the items being transported but also the very vessels which they are being carried in/on.
Landlords and Property Owners
Beyond only insuring assets and investments - loss of rental income, owner’s liability, terrorism or legal expenses can be added too. Some insurers can assist with required rebuild sums insured if not re-surveyed in recent years.
The Insurance Act 2015 has been hailed by the government as “the biggest reform to insurance contract law in more than a century”. But what does it mean for you and your business? Well there are two main areas you should be aware of where you might need to change your business practices. This post […]
In over nearly 30 years working in the industry, it’s become apparent that irrespective of business size, there are always benefits in businesses appointing a broker. Regulatory changes have occurred in the general insurance world and the broking sector has seen many national firms acquire smaller local brokers, eliminating a lot of the competition and […]
Often prospects say how they are happy with their existing broker but in reality once we review covers we find deficiencies or duplications. A fresh pair of eyes from Forth Insurance Brokers can review/ensure all bases are covered.
We perform reviews to ensure your covers match your needs and identify whether we can improve your service.
- Do you have the best price?
- Are there limitations or shortfalls in your cover?
- Are there any uninsured risks which you are exposed to?
- Would you benefit from risk management support?
- Is payment by instalment better for your business?
Please do not hesitate to contact Gavin Cairns for an initial chat.
We want to work with you to help pinpoint risk exposures and manage them with Insurers who can potentially even help with your health and safety issues and business continuity planning or training.