Kidnap and Ransom insurance cover

With many of Castlemead's clients expanding their operations into new territories, we have been increasingly talking about the need for kidnap and ransom insurance.

The policies indemnify the insured for: -
• ransom monies paid from kidnapping or extortion
• Loss of ransom monies whilst in transit/delivery
• Expenses involved including travel and accommodation costs
• Medical services and hospitalisation
• Business Interruption losses
• Consultants costs

Helpline numbers and access to International Crisis Response teams are provided as part of the arrangements.The quotation process also involves a review of the travel plans and security arrangements, highlighting and addressing areas of weakness.

We have recently placed cover for companies travelling to countries including Somaliland and Puntland so, if you need someone experienced to look into this area of business insurance for you, get in touch with us....

Are your gold medals covered?

Would your valuables be covered to their full value in the event of a theft at your property? When did you last review your household contents sum insured?

At Castlemead Insurance Brokers, we review the sums insured with all of our private clients to ensure the standard policy limits are amended where applicable and claims are paid in full. Common areas of review include: -

Jewellery, watches and valuables whilst away from the home

• Standard overall limit of £3,000
• Individual limit of £1,500
  Items over this limit to be specified and valuations obtained

Paintings, antiques and works of art

• Standard overall limit of £10,000
• Individual limit of £2,000
  Items over this limit to be specified and valuations obtained

Sports Equipment

• Standard overall limit of £1,500
• Replacement set of golf clubs normally exceed this limit

Rebuilding sum insured for your property

• Must be accurate to avoid deductions in the event of a claim
• Castlemead can help you in this valuation

Increasing Motor Fleet Premiums

Motor insurers are attempting to apply rate increases to their motor fleet premiums to combat the rising costs of personal injury claims and fraud. At Castlemead Insurance Brokers in Bristol, we look after clients in the haulage, retail, manufacturing and service industries, many of whom run large vehicle fleets. Keeping premiums to a minimum and reducing claim costs ensures our clients remain competitive in their particular field, this done through: -

• Maintaining a independent broking philosophy using over 15 motor insurers
• Providing an in house claims service ensuring non fault claims are dealt with by the negligent parties insurers
• Analysing claims costs
• Targeting specific drivers and/or divisions
• Calculating optimum excesses
• Implementing risk management measures
• Discounts available for cameras
• Driver licence checking
• Driver training
• Vehicle reversing sensors
• Plant and vehicle security

Castlemead are here to help with your motor fleet insurance needs.