ARTICLE: Collecting Wine is a Long-Term Commitment that requires Vision, Direction and – Storage
Worth £2.5bn annually, the global fine wine market shows no sign of slowing down. Wine continues to be a valuable investment and viable alternative in the uncertain world of stocks and shares. However, investment is very much long-term, with collectors most likely to see a good return at least ten years after purchase. Whether you are collecting wine as an investment, or purely for personal enjoyment, the chances are you are in it for the long run. The trick to a good wine collection is therefore storage – a dedicated place to store multiple cases of wine, untouched for long periods,…Continue Reading
ARTICLE: All That Glitters
As the second highest value item that individuals list when getting quotes for their contents insurance, jewellery cover is essential for those of you with gems and stones of high monetary and sentimental value, such as family heirlooms and engagement/wedding rings. In order to access the appropriate level of cover for your jewellery, you need to know exactly how much it’s worth, particularly if you own a number of more expensive items. These may not be covered in a standard contents insurance policy, so before you look into more specialist cover, it is essential that you get your collection properly valued…Continue Reading
ARTICLE: Home and Away – What does Brexit mean for Holiday Home Owners?
With hundreds of thousands of us jetting away to our European holiday homes this summer, it is hard to believe that the prospect of enjoying our much-needed downtime may be slightly more complicated by this time next year. In addition to the freedom of movement that we have all become accustomed to for the last four decades, factors such as higher incomes, lower mortgage rates and cheaper travel have each contributed to the fact that there are over 1 million UK holiday home owners in Europe. However, as the deadline for Brexit looms ever closer, the concept of enjoying our holiday…Continue Reading
ARTICLE: Smart Landscaping to Enhance Your Garden’s Security
Landscaping can significantly reinforce your property, reducing the risk of burglary and theft of precious garden items. But how do home-owners strike a balance between beautiful garden aesthetics and security? Here, with the help of RHS Chelsea Flower Show Gold medal winner, Sue Hayward, we look at the latest trends in defensive gardening. Whilst the installation of home security systems is of course a priority in preventing burglaries, the strategic selection of plants, trees and shrubs, as well as the use of fences and gravelled walkways in the garden, play an important role in both intimidating and warding off potential intruders….Continue Reading
The Ogden Rate Change – What Does it Mean?
A review of how payments for accident victims are calculated has left the insurance industry reeling, with soaring motor premiums expected as a direct result. Our Managing Director, Bryan Banbury, looks at the impact on motor fleet owners. Recently, the government made a much-anticipated announcement regarding the Ogden discount rate – moving from -0.75% to -0.25% on August 5th this year. However, the decision by the (now former) Lord Chancellor, the Rt Hon David Gauke MP, came as somewhat of a surprise to industry insiders. The Ogden discount rate is incredibly important for both insurers and our customers. It essentially determines the…Continue Reading
What Does Our Chartered Insurance Broker Status Mean For You?
As well as being Nottingham’s largest independent insurance broker, we have held the prestigious Chartered Insurance Broker status since 2016. Managing Director, Bryan Banbury, explores the meaning of Chartered status, with a particular focus on what this exclusive title means from the customer’s point of view. Granted by the Chartered Insurance Institute (CII), Russell Scanlan is one of only two brokers in Nottingham, as well as a handful in the wider region, to hold the title. Chartered status is awarded to companies that make a public declaration of their commitment to professional standards within business dealings, which involves their adhering to a…Continue Reading
Is Your Business at Risk?
Ensuring adequate protection against damage or loss is a paramount issue for any business. Knowing you are insured correctly provides great peace of mind, unfortunately underinsurance is a widespread and persistent problem which is leaving businesses vulnerable to complete destruction. Mike Dickinson, Sales & Marketing Director at Russell Scanlan, discusses why underinsurance occurs and what you can do about it. Underinsurance is inadequate insurance coverage which, in the event of a claim, will lead to a financial loss if the claim exceeds the maximum amount that could be paid out by the insurance policy. Put simply, if you own a property…Continue Reading
Why Planning Ahead is Crucial to The Future of Your Business
Many small business owners don’t think twice about insuring their business premises or stock, but fail to protect against the loss of their most important asset. Philip Elliott, Managing Director of Philip Elliott Associates, specialists in debt recovery, credit control and business support; explains why the right insurance is key to safeguarding the future of his business. I started Philip Elliott Associates in the early 2000s and Robyn Baxter joined in 2015, becoming our Legal Director in 2018. As directors, we both have discrete responsibilities in legal, financial and marketing, but also work closely together on client briefs and, if either…Continue Reading
What Has 2019 Meant for SMEs?
With the seemingly unending threat of Brexit and fresh rounds of political uncertainty, you’d be forgiven for thinking not much else is affecting businesses this year. As we race towards the mid-year point, Mike Dickinson, our Sales & Marketing Director, looks at some of the trends that are impacting small businesses in 2019 and what the rest of the year may bring. The Rising Cyber Threat Cybercrime continues to be a major concern for businesses and shows no signs of abating. The MORI Cyber Security Breaches Survey found that four in ten businesses and a fifth of charities had experienced…Continue Reading
The Cost of Extreme Weather – Are You Fully Covered Against the Risk of Flooding?
In the wake of the torrential downpours across the UK in recent weeks, it is becoming increasingly apparent that these extreme weather events are becoming more frequent and more severe, often causing irreparable damage to homes and businesses. Here, Mike Dickinson, Sales & Marketing Director at Russell Scanlan, explains the growing need to ensure your flood cover is fit for purpose and won’t leave you out of pocket. Recent events are just another reminder that flash flooding and prolonged torrential downpours mean we have to ensure greater protection for businesses and homes against what the weather throws at us. June is…Continue Reading