News and Insights

The Current Latent Defects Insurance Market and Challenges expected for 2023
Insights for BusinessLatent Defects insurance is ever changing and becoming much more of an upfront consideration during the budgeting process than it has been, when previously it was often seen as an afterthought.
To provide insight into Latent Defects insurance, we caught up with Joe Gooden from BuildZone, a leading residential Latent Defect policy provider, have commented on the current state of the inherent defect and building warranty market, which remains turbulent.

Fire Prevention on Construction Sites: New Edition of the Joint Code of Practice
Insights for BusinessThe Fire Protection Association has recently published the 10th Edition of its Joint Code of Practice on the Protection from Fire of Construction Sites and Buildings Undergoing Renovation (JCOP). This replaces the previous edition published in October 2015. Whilst the scope of the JCOP covers projects with an original contract value above £2.5m, the general principles can be applied to any construction project.

The Building Safety Act - All Change
Insights for ProfessionalsAs we head towards 2023, there are real questions as to what lies ahead for the construction sector. Earlier this year, we saw royal assent being given to the Building Safety Act, which brings with it significant changes to the operational, insurance and liability environment for anyone working in construction in England, as well as impacting those with projects in Wales, Scotland and Northern Ireland.

Griffiths & Armour Construction team place bespoke project and Latent Defects insurances for Queen's Quarter, Croydon
Insights for BusinessThe Griffiths & Armour Construction Insurance team are pleased to have once again worked alongside HUB Residential to place the project insurances for another fantastic residential development, Queen’s Quarter.

Placing Bonds in the Insurance Market - Attis Credit Solutions
Insights for BusinessAmidst ongoing economic pressures, there has been an increase in the use of insurance bonds (Surety) in the insurance industry, in particular, on construction projects, due to an increase in security requirements such as a surety bond or guarantee, for contractual obligations.

Griffiths & Armour announce New Partner and Board Director Appointment
Insights for Business, Insights for ProfessionalsGriffiths & Armour is pleased to announce that Tanya Winstanley has been appointed as Partner and also Director of Griffiths & Armour (Holdings) Limited following FCA regulatory approval.

Liverpool Sportswoman’s Lunch raises over £20k for Marie Curie
Insights for BusinessThe Liverpool Sportswoman’s Lunch has become a glittering date in the diary not to miss, and Griffiths & Armour were once again proud to support this important charity lunch as headline sponsor.

Protect your business against cyber threats
Insights for BusinessIn our latest video, George Gardner, Cyber Lead at insurance brokers Griffiths & Armour, explains why good cyber security goes hand-in-hand with a robust Cyber insurance policy and how our specialist in-house team can offer tailored advice for all your Cyber insurance needs.

How the Cost of Living is impacting Grey Fleets
Insights for BusinessA 'grey fleet' vehicle is generally regarded as one that is owned and used by an employee for undertaking a work-related journey. Amidst the rising living costs, Risk Management Director, Cath Swindells discusses the importance of ensuring your vehicle is safe to use on a day-to-day basis.

Danger - Inflation and Underinsurance
Insights for BusinessNews 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.

Griffiths & Armour raises £14,000 for NSPCC
Insights for BusinessWe’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.

Building Safety Act 2022 – Higher Risk Building Requirements
Insights for BusinessThe 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.

Does your IT Security Policy cover all these areas?
Insights for BusinessCyber 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.

The Impact of Inflation on the Construction industry and Insurance Considerations
Insights for BusinessWith 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.

Does AML regulation impact the purchase of fine art?
Insights for BusinessTo 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.