Insights for Business

The Current Latent Defects Insurance Market and Challenges expected for 2023

Latent 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

The 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.
HUB Queens Quarter

Griffiths & Armour Construction team place bespoke project and Latent Defects insurances for Queen's Quarter, Croydon

The 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

Amidst 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

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Griffiths & 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

The 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.
What is Cyber Insurance?

Protect your business against cyber threats

In 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

A '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

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.

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.

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.

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.

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.
Does AML regulation impact the purchase of fine art?

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.

Quantifying your Cyber Risk exposures and essential Cyber Risk Management

Organisations are increasingly dependent on information and communication technology (ICT) for their day-to-day activities. Whilst this delivers significant benefits, it may also introduce new risks, which if not managed correctly can severely damage your company. To provide clarity on how to mitigate these risks, Risk Management Managing Director, Greg Street, provides essential Cyber Risk Management guidance for 2022 and beyond.