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Category: General

Defective Design Exclusions

Posted on: November 21, 2018
Categories: General, Technical

By Emma Hughes, New Business Broker

The majority of Contract Works policies will look to exclude damage to property which is in a defective condition but will provide cover for other parts of the property which are damaged as a consequence of this defect. Insurers apply this exclusion in the form of a Defective Design Exclusion, tiered from DE1 (lowest level cover) to DE5 (highest level cover).

DE1: Outright Defect Exclusion
Excludes all losses arising from defects in the Design, Workmanship or Materials.

DE2: Extended Defective Condition Exclusion
Excludes property which is defective and property which relies for its support on property which is defective but covers other insured property which is damaged as a result of the defect.

DE3: Limited Defective Condition Exclusion
Excludes property which is defective but covers other insured property which is defect free and is damaged by the defective property

DE4: Defective Part Exclusion
This is similar to DE3 but the exclusion is restricted to apply only to any ‘component part or individual item’ which is defective eg. Only the defective nut, bolt or screw would be excluded.

DE5: Design Improvement Exclusion
Provides full cover for both the defective and non-defective products but damage must occur. The existence of a defect alone is not insured. The costs in improving the design, materials and workmanship are excluded.

Example:
A steel framed building collapses during the construction period due to the connective bolts being inadequate for their purpose. The building collapses after the roof has been erected, the cladding has been partially completed and a dwarf brick wall has been built. The various Defect Exclusions would pay as follows:

DE1: All damage would be excluded
DE2: All damaged items are excluded apart from the Dwarf Brick Wall
DE3: Steel Framework is excluded but the Roof, Cladding and Brick Walls are paid for
DE4: Only the Nuts & Bolts are excluded and all other damage is paid for
DE5: All damage is paid for but improvement costs are excluded

The most common level of cover found in a Contract Works policy is DE3 and there may be an option to uplift cover to DE4/DE5 if requested. As you can see from the above example it is prudent to ensure you have DE3 coverage as a minimum. Defective Design Exclusions should not be confused with Professional Indemnity insurance. Professional Indemnity would provide cover if the design was found to be defective but no damage had occurred.

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Treats Not Tricks This Halloween

Posted on: October 31, 2018
Categories: General

By Emma Hughes, New Business Broker

Between Halloween and Bonfire Night Britain’s streets see a spike in anti-social behaviour and property damage. Unfortunately some members of the community see this time of year as an excuse to cause a nuisance. Although it is impossible to completely alleviate the issue, here are a few steps you can take to protect yourself and your property.

Friends & Family Try to avoid trick’or’treating at houses you do not know, people are often worried about opening their door to strangers at this time. Call on friends, family and neighbours that will be expeting you. Alternatively a street party is a great way for the community to come together and enjoy Halloween safely.

Remove the Temptation Make sure that your external property is free from any disused furniture, wood, wheeliebins or other flammable objects. It is best to make sure that your neighbours are preparted too.

Communication If you feel that you have been targeted in the past or you have seen a potential incident remember to keep in contact with your local community support officers.

Out of Sight Vehicles bear the brunt of the anti-social spike, if possible try to keep your vehicle housed in a garage or on a driveway. If this isn’t possible make sure it is parked on a well-lit residential street, preferably within sightlines of your home.

 

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Five Tips To Stay Safe On The Road This Winter

Posted on: October 26, 2018
Categories: Client, Community, Erimus IB, General, Technical, Trends

By Emma Hughes, New Business Broker

As we say goodbye to our glorious summer it is time to start thinking about winter and how to keep yourself and loved ones safe on the roads. The clocks going back signals the start of dark evening commutes, increasing road accidents between the hours of 5pm and 8pm by 34%. With this in mind we have put together 5 top tips to ensure you are prepared for winter driving.

 

Lights Make sure that your headlights are free of dirt, switched on and in good working order – no matter the time of day. The darkness coupled with adverse weather conditions means visibility is reduced and the likelihood of an accident increases.

Speed Inclement weather and poor visibility means that you may have to react quickly to unforeseen situations, try to keep below the speed limit allowing for easier adaptation of speed. You should aim to maintain a moderate and steady speed.

Pedestrians Although your lights may be in tip-top shape be aware that others, particularly cyclists and pedestrians, may not be as well prepared. Darker clothing and no lights can make people difficult to spot so be vigilant.

Tyres Seasonal hazards such as slippery leaves, mud and ice can be treacherous so make sure that you have checked your tyres. If they are looking borderline then don’t risk it, get a new set and consider investing in specialist winter tyres.

Visibility The low winter sun and headlights can cause glare; avoid excessive glare by keeping your windscreen clean (inside & out) and making sure your wiper blades are in good working order. Also, make sure your windscreen wash is topped up regularly with anti-freeze solution.

 

For further information see Insure The Box’s full study: https://www.insurethebox.com/beware-fright-night-as-the-clocks-go-back-this-weekend/

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Erimus ‘insures’ local golfer gets to China

Posted on: March 26, 2018
Categories: General

By Matthew Doak, Marketing & IT Coordinator

Erimus Insurance Brokers has announced its sponsorship of local professional golfer, Callum Tarren, on his forthcoming China tour.

Living in Darlington, Callum is attached to Rockliffe Hall, and is eagerly anticipating his third China tour, having come seventh and third in his first and second tours respectively. Winning in China would qualify the golfer for the European tour and would help his progress through the world rankings; he is currently ranked 506 and would like to break into the top 100.

Erimus, a member of the Willis Commercial Network, provides commercial and corporate insurance services to businesses of all sizes, from owner-managed SMEs to companies with turnovers over £200m. The Company is a top 100 UK Independent Insurance Broker and offers a unique proposition; the service levels of a small and caring team, with the buying power of a global broker thanks to its Willis membership.

Paul Davison, commercial director, said: “We’re passionate about supporting our local community, and have a keen personal interest in golf too. We have always been a corporate member at Rockliffe Hall, who also support Callum, so all the pieces fit together perfectly.

“Callum has serious potential; we’re delighted to be able to give him the support he needs to get to China and begin to realise his dreams.”

Callum works with golf fitness coach Stuart Parnaby, of Parnaby Performance. This, combined with a healthy lifestyle and five hours’ playing golf per day, has meant that he is in great shape and playing well, which will be put to the test when he plays in the Challenge Tour in Kenya later this month.

Callum, who turned professional in August 2015, said: “It’s really difficult to organise and manage these tours. Other than Erimus’ sponsorship I am entirely self-funded, and it’s expensive; clothing, equipment, travel and hotels – it all adds up. I can’t express how grateful I am for this sponsorship.

“I’m proud to be showcasing the Erimus brand on an international level, and it’s great to be a part of their team. I want to do everything I can to support them, especially given how much they have helped me.”

The first game of the China tour is underway at Hainan Island, Wanning, drawing to a close on 18 March. Callum’s progress can be followed on our Twitter feed @erimusib,

Twitter: @callumtarren

Callum Golf Erimus

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Erimus Insurance Continues to Expand

Posted on: November 28, 2016
Categories: General, Press

By Matthew Doak, Marketing & IT Coordinator

Erimus has increased its workforce to 31 with the recruitment of Larissa Mathwin as senior broker and Emma Hughes as new business broker as the firm continues to win business from around the region and beyond.
Click Here to read more.

erimus-md-paul-davison-centre-with-new-recruits-emma-hughes-left-and-larissa-mathwin

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Erimus Open For Small Business

Posted on: June 8, 2015
Categories: General, Press

The biggest insurance broker headquartered in the Tees Valley has made a number of recent recruits whilst launching a unit dedicated to the region’s small businesses.

Having identified a gap in the market after several competitors made the decision to consolidate SME business in out-of-the-area call centres, Stockton-based Erimus Insurance Brokers say their new unit will provide a personal service to sub-£1 million turnover regional businesses.

Director Ian Miller commented: “Erimus is absolutely committed to offering a local service to all businesses, no matter what they spend, and we see the value in building long-term relationships with our clients.

“We’ve been established on Teesside for nearly 30 years and we’re extremely proud to count on many of the region’s largest and most successful businesses as our clients.

“We believe that our new Small Business Unit will allow us to continue our expansion plans without compromising on service to any of our clients.”

Commercial insurance specialist Erimus has appointed new recruit Jacqui Watson as manager of the Small Business Unit. Jacqui has joined Erimus from Darlington-based BIB, where she worked for 16 years.

Mr Miller, who worked alongside his new colleague for 10 years at BIB, is delighted to have secured her services.

“It’s a great boost that Jacqui has agreed to join us to establish our dedicated Small Business Unit. Jacqui is an excellent operator and has an abundance of great contacts in an around the Durham and Tees Valley area.

“Her philosophy of giving clients a high level of personal service together with competitive insurance premiums fits in perfectly with the Erimus strategy.”

A top 100 UK independent insurance broker with record-breaking premium revenue of £15 million forecast for 2015, Erimus has also recruited Lewis Kaid and Martyn Bell.

New business broker Lewis, who has joined the corporate and commercial sales team, is responsible for negotiating deals with insurers on behalf of new clients.

Having also previously worked at BIB, account executive Martyn  is now managing an established portfolio of clients who have followed him from his previous employment and who now benefit from the significant resources which Erimus are able to offer their clients.

Established in 1986, Erimus’ clients range from owner-managed SME’s to companies with a turnover of more than £200 million.

Erimus work closely with leading global broker Willis, giving the company access to the resources of more than 20,000 dedicated associates throughout the world, with specialists in every industry sector.

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Christmas & New Year Opening Hours

Posted on: December 1, 2014
Categories: General

By Matthew Doak, Marketing & IT Coordinator

 

Erimus Insurance Holiday Opening Hours:

Wednesday 24th December – Close at 1pm

Thursday 25th December – Closed all day

Friday 26th December – Closed all day

 

Wednesday 31th December – Close at 1pm

Thursday 1st January – Closed all day

Friday 2nd January – Open as normal

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Merry Christmas

Posted on: December 4, 2013
Categories: General

By Matthew Doak, Marketing & IT Coordinator

A Christmas message from the Erimus Insurance Team

We wish you all a Very Merry Christmas & A Happy New Year

 

Holiday Opening Hours:

24th December – Close at 1pm

25th December – Closed

26th December – Closed

27th December – 9am – 5pm

30th December – 9am – 5pm

31th December – Close at 3pm

1st January – Closed

2nd January – Open as normal

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Keep It Local

Posted on: May 14, 2013
Categories: General

By Ian Miller, Director

We would like to inform you as a fellow privately owned business who are headquartered within the Tees Valley region, providing employment and proud to be supporting the local economy.

The Insurance Broking sector has undergone significant change over the past decade, and whilst you may previously have enjoyed the services of an Insurance Broker who was privately owned and managed by the Directors, the chances are that your Insurance Broker will have been acquired by a National Company.

Whilst there is a significant amount of competition from brokers headquartered outside the region, it is interesting to note that the majority of Independent Insurance Brokers located within the area have now sold, recent examples on Tees Valley being:

• BIB sale to CCV, headquartered in Kent
• Willett & Ross sale to Towergate, headquartered in Kent
• Peel Thompson Fletcher sale to Towergate, headquartered in Kent
• Hathaway & Cope sale to Towergate, headquartered in Kent
• Castlegate sale to Bluefin, owned by Axa Insurance Company
• Lindo & Tindale sale to Bluefin, owned by Axa Insurance Company

We have been established on Teesside for 25 years and we remain committed to serving the business community of Tees Valley for years to come. We look after the insurance arrangements of some of the biggest and most successful privately owned businesses within the region, with our clients ranging from sole traders to £200m plus turnover.

To ensure that we can continue to provide a high level service and competitive proposition on behalf of our clients, we recently completed a Management Buy Out which was supported by Willis (A Top five Global Insurance Broker) acquiring a minority shareholding in our business. Willis do not hold any Executive powers within the business, however their involvement ensures that our clients benefit from the buying power and technical resources of a truly Global business, whilst receiving the personal service proposition of a privately owned regional business – we believe that this is a unique proposition.

Wherever possible we try to support the local economy, local charity and community causes, and above all we provide a competitive and personal service to the business community of the Tees Valley and we are passionate about supporting local business.

Examples of our support in the local community:

• Butterwick Hospice Corporate Supporter
• Middlesbrough & Teesside Philanthropic Foundation Patron
• Teesside Hospice Fundraiser
• Redcar Bears Speedway Sponsor
• Middlesbrough FC Sponsor
• Daft As A Brush Cancer Charity Supporter
• Middlesbrough CC Juniors Sponsor
• Great Ayton CC Sponsor
• Middlesbrough College Apprentice Scheme Supporter
• Darlington FC Sponsor

We would like to meet with you to discuss how we can help you ‘keep business local’ and provide you with a competitive and personal service to benefit your business.

If you could kindly provide us with the best contact details along with confirmation of your renewal date and we will contact you closer to your renewal date to arrange a review meeting. You can email us at info@erimusib.com

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Winter Weather

Posted on: January 14, 2013
Categories: General

By Ian Miller, Director

With the arrival today of adverse weather, business owners and road users alike should take additional precautions to safeguard their property.

Winter weather precautions

Heavy snow, rain, sub-zero temperatures and gale force winds can cause structural and contents damage, as well as possible business interruption over winter.

Keep roofs, gutters, downspouts and drains clear of ice, moss and leaves so water can freely drain away.

Consider leaving heating on in sub-zero temperatures so the water in the pipes remains at a constant temperature.

Lag any exposed pipes that are liable to freeze.

Safe winter driving

Before heading out in poor conditions, check traffic and weather reports, allow plenty of extra time and tell someone where you’re heading, taking a phone, food and water.

Remove all ice and snow from your windscreen and de-mist but don’t clear windows with boiling water – it will weaken, and eventually crack, your glass.

Dislodge frozen wipers with warm (not hot) water or de-icer to avoid the wiper fuse blowing.

When driving in ice and snow leave plenty of space between you and the car in front – stopping in snow and ice can take up to 10 times the normal stopping distance.

If driving in fog switch on headlights and fog lamps. Do not ‘hang on’ to the rear lights of the car in front, and switch off music and open a window to listen out for other traffic, especially at crossroads and junctions.

If the forecast or conditions are severe, only drive if the journey is absolutely
necessary.

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mercedes benz retail corporate sales

TIC and Erimus Insurance Brokers are delighted to announce that Mercedes-Benz Retail Group trading as Corporate Sales have agreed access for all TIC and Erimus's customers to preferential rates and terms for the supply of new Mercedes-Benz cars. If you are in the market for a new car and particularly enjoy the prestige Mercedes-Benz brand we are confident that we will be able to introduce you to the best rates and terms available. You can access Mercedes-Benz Retail Group Corporate sales by clicking here. Alternatively, please call us on our main land line number and we will set the 'wheels in motion' towards obtaining your new Mercedes.

Please note: If your enquiry is made by email via the links on our websites or directly on the phone to Mercedes-Benz Retail Corporate Sales, to obtain our preferential terms you MUST state or mention in the comment box "referred by Erimus Insurance Brokers" or "referred by Teesside Insurance Consultants (TIC)".

Erimus Insurance Brokers is a trading name of Teesside Insurance Consultants Ltd. Registered in England No. 2043783. Authorised and regulated by the Financial Conduct Authority No. 307660.
Directors: P.J. Davison, S.D.E. Hughes, I. Miller ACII, S.S. Pinnell. Non Executive Director: G. Lumby MBE, FCIBS.
Company Secretary: C. L. Nolan.
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