Danger – Inflation and Underinsurance

News headlines have been dominated for months by the self-proclaimed “Cost of Living Crisis” following the sustained rise in inflation in the UK to over 10%, which is the highest level for over 40 years. The reasons for this are varied and include the release of pent-up demand following the Covid-19 Pandemic with associated supply chain difficulties, labour shortages and steeply rising energy prices triggered by the War in Ukraine.

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Griffiths & Armour raises £14,000 for NSPCC

We’re delighted to report that teams from Griffiths & Armour took part in two challenges over the summer, raising donations of nearly £7,000. The firm are incredibly proud of their efforts and in support of these the firm’s Partners agreed to match the funds raised, culminating in a sum of £14,000 for our chosen charity, the NSPCC.

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Building Safety Act 2022 – Higher Risk Building Requirements

The Building Safety Act received Royal Assent on 28 April 2022 and is intended to implement the recommendations of Dame Judith Hackitt’s report into building regulation and fire safety. Griffiths & Armour Associate Director, Simon Stafford discusses the impact of the BSA and responsibilities of the newly
instated roles.

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Does your IT Security Policy cover all these areas?

Cyber risk is now commonly in the top three risks for all organisations. As such, it is essential to have a formal risk management approach to ensure that these risks are adequately assessed, reduced, controlled and monitored. Usually this takes the form of an IT Security Policy that is endorsed at the highest level.

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The Impact of Inflation on the Construction industry and Insurance Considerations

With June’s rate of inflation at a 40 year high of over 10%, the construction industry is increasingly feeling the effects of the current economic climate. Challenges triggered by Covid-19 and Brexit, in particular supply chain issues, has resulted in a ‘domino effect’ of issues to be tackled by contractors and developers.

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Does AML regulation impact the purchase of fine art?

To provide clarity on considerations for high net worth individuals before acquiring artwork, Griffiths & Armour Head of Private Clients, Edward Dunphy recently caught up with the team at Arcarta to discuss topics such as provenance, protecting personal information and Anti Money Laundering (AML) responsibilities.

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