Insights

Exciting News from Everard Insurance!

Exciting News from Everard Insurance! 1280 720 James Hallam

We are thrilled to announce the launch of our New Personal & Commercial Boat Insurance Product available to brokers, designed to provide comprehensive protection and peace of mind for boat owners. Whether you own a sailboat, motorboat, fishing vessel, or yacht, our tailored coverage options ensure that you can enjoy your time on the water with confidence.

Key Features of Our New Boat Insurance:

  • Hull and Machinery Coverage: Protects the structural integrity and mechanical components of your boat.
  • Liability Coverage: Safeguards you against legal liabilities for bodily injury or property damage to others.
  • Personal Property Coverage: Insures your personal belongings on board.
  • Medical Payments Coverage: Covers medical expenses for injuries sustained on your boat.

Discounts and Incentives:

  • Multi-Policy Discounts: Bundle with other Everard Insurance products for additional savings.
  • No Claims Bonus: Rewards for maintaining a claim-free record.

Why Choose Everard Insurance?

Set sail with confidence knowing that Everard Insurance has you covered. Contact us today to learn more about our new boat insurance product and get a personalised quote!

Or use our online risk capture portal, please find the link below:

Small Craft: Commercial Marine Insurance Form – James Hallam

Small Craft: Private Pleasure Craft Insurance Form – James Hallam

sneaker collections

How to Start a Sneaker Collection the right way

How to Start a Sneaker Collection the right way 750 501 James Hallam

If you are a fan of sneakers (or trainers, if you prefer), you have probably noticed how they have evolved from simple sports shoes into fashion statements, cultural icons, and even investment pieces. Starting a sneaker collection is not just about owning the latest trends, it is about curating a set of pieces that reflect your style, passions, and even a bit of history.

But where do you start? How do you make sure your collection stays in top condition? Let’s walk through everything you need to know.

Why Start a Sneaker Collection?

First off, why are trainers such a big deal? For some, it is purely about the style. Sneakers have a way of blending comfort with creativity. For others, it is the stories behind the designs, from collaborations with top athletes to partnerships with designers like Virgil Abloh or brands like Dior.

Then, there is the investment potential. Some trainers, especially limited-edition ones, can go up in value over time. A pair of Air Jordans you bought for a few hundred pounds might be worth thousands to a collector in a few years. But for most people, it is about the joy of owning something unique and personal.

How to Start Your Sneaker Collection

Getting started does not have to be overwhelming. Here’s how to take those first steps into the world of sneaker collecting.

  1. Start with the Classics

Every great collection needs a foundation. These are sneakers that never go out of style:

  • Nike Air Jordan 1: Iconic from the moment they hit the court in 1985.
  • Adidas Stan Smith: Simple, clean, and versatile.
  • Converse Chuck Taylor All Star: A staple in anyone’s wardrobe.
  • Nike Air Max 1: Known for its revolutionary visible air cushion.
  • Reebok Club C 85: Timeless and effortlessly cool.

These are great pairs to own because they work with almost any outfit, and their significance in sneaker history makes them a solid starting point.

  1. Explore Limited Editions and Collaborations

Once you have got the basics covered, start looking at hyped releases and collaborations. These are the trainers that collectors go crazy for. For example, Off-White x Nike, or New Balance collaborations with Aimé Leon Dore.

These pairs can be harder to get your hands on since they often sell out quickly. Apps like SNKRS (Nike) and Confirmed (Adidas) are good tools for keeping up with upcoming releases. If you miss a drop, resale platforms like StockX or eBay can help you find what you are after, though be prepared to pay a premium.

Which Brands Should You Watch?

Some brands have been leading the trainer game for decades, while others are making waves with fresh ideas.

  • Nike: The undisputed king of trainers, with iconic lines like Air Jordan, Air Max, and Dunk. Their collaborations are legendary.
  • Adidas: From the timeless Stan Smith to innovative designs like the Ultraboost and NMD, Adidas offers something for everyone.
  • New Balance: Once overlooked, New Balance is now a collector’s favourite, especially their collaborations.
  • Puma: Affordable and stylish, with classics like the Suede and newer high-fashion collaborations.
  • Luxury Designers: Brands like Balenciaga, Gucci, and Dior are turning sneakers into runway staples, merging streetwear with high fashion.

Caring for Your Sneaker Collection

Once you’ve started building your trainer collection, you’ll want to make sure it stays in great shape, especially if some of your pairs are investments.

Cleaning Your Trainers

  • Use a soft brush and a specialised cleaner for regular upkeep.
  • Avoid throwing your trainers in the washing machine, it can damage the materials and ruin the shape.
  • For stubborn stains, there are plenty of cleaning kits available to help restore your trainers to their former glory.

Storing Your Trainers

  • Keep them in their original boxes if possible. Not only does this protect the shoes, but it also adds value if you decide to sell them later.
  • Use silica gel packets to prevent moisture build-up, which can cause mould.
  • Shoe trees are a great way to maintain their shape, especially for leather or suede pairs.

Rotating Your Pairs

While it’s tempting to wear your favourite pair all the time, overuse can lead to quicker wear and tear. Rotate your trainers to keep them looking fresh and give the materials a break.

Stay Part of the Community

Sneaker collecting isn’t just about the shoes, it’s about the people. Connecting with other collectors can give you insider tips, help you discover new styles, and even lead to trades or sales. Follow sneaker blogs, join online forums, or attend local trainer conventions to meet like-minded enthusiasts.

How to Protect Your Collection

If you are investing serious money in your trainer collection, it is worth thinking about how to protect it. From accidental damage to theft, things can happen. Specialist insurance can help ensure your collection is covered for its full value, something worth considering if you are building a valuable set.

Valuations are imperative to ensuring that your collection remains suitably insured and that the value of the collection can be evidenced in the event of a loss.

Get in touch

If you have any concerns or queries on your insurance cover, please don’t hesitate to speak to us. You can call any of the team on 0203 002 9859 or email pcl@jameshallam.co.uk.

car in snow

How to Drive in Ice and Snow: Our Top Tips for Driving Safely

How to Drive in Ice and Snow: Our Top Tips for Driving Safely 550 367 James Hallam

Winter driving can be a challenge for even the most experienced motorists. Snow and ice create slippery roads, reduced visibility, and an increased risk of accidents. If you are not prepared, a simple journey can quickly become hazardous. As an insurance provider, we want to ensure you stay safe on the roads this winter.

Here are our top tips to navigating icy and snowy conditions with confidence and care.

  1. Preparing Your Vehicle for Winter

Before you even think about driving in winter weather, make sure your vehicle is ready for the conditions.

  • Check Your Tyres: Winter tyres or all-season tyres with sufficient tread (at least 3mm) provide better grip on icy roads. Regularly check your tyre pressure, as cold weather can cause it to drop.
  • Top Up Fluids: Ensure your windscreen washer fluid is rated for freezing temperatures and your coolant is at the right level.
  • Battery Health: Cold weather can drain your car battery, so check its condition, especially if it is more than three years old.
  • Pack an Emergency Kit: Keep essentials like a scraper, de-icer, blanket, torch, and jump leads in your car. Add non-perishable snacks and water for longer journeys.
  1. Plan Journeys Ahead

When snow and ice are in the forecast, careful planning can make all the difference.

  • Check the Weather: If conditions are severe, consider postponing your journey. No trip is worth risking your safety.
  • Plan Your Route: Stick to major roads that are more likely to be gritted and cleared. Use navigation apps to check for real-time updates on road closures or traffic delays.
  • Allow Extra Time: Leave early to avoid rushing and account for slower travel speeds.
  1. De-icing and Warming Your Car Fully

Getting your car moving on icy roads can be tricky, so take your time.

  • Clear Your Vehicle: Fully de-ice your windscreen, windows, mirrors, and lights before setting off. Driving with limited visibility is dangerous and illegal.
  • Warm Up Gradually: Avoid revving your engine when it is cold. Instead, let it warm up slowly to avoid wear and tear.
  • Set Off Gently: Use second gear when starting off on ice to reduce wheel spin, and ease up on the clutch carefully.
  1. Adjust Your Driving Style for Ice and Snow

Once you are on the road, it is essential to adapt your driving to the conditions.

  • Slow Down: Speed is your enemy on icy roads. Driving slower gives you more time to react and reduces the chance of losing control.
  • Increase Your Following Distance: Stopping distances can be up to ten times longer on ice, so leave plenty of space between you and the car ahead.
  • Avoid Sudden Movements: Jerky steering, hard braking, or rapid acceleration can cause skidding. Keep your steering, braking and gear changes smooth and deliberate.
  • Use Low Gears on Hills: When descending, shift into a lower gear to reduce reliance on your brakes. When climbing, keep a steady speed and avoid stopping.
  1. Handling Skids and Slides

Even with the best precautions, skidding on ice can happen. Knowing how to react can make all the difference.

  • Don’t Panic: Stay calm and focus on controlling the vehicle.
  • Steer Into the Skid: If the rear of your car slides out, gently steer in the same direction to regain control. Avoid oversteering, as this can make things worse.
  • Ease Off the Pedals: Take your foot off the accelerator and avoid slamming on the brakes.
  1. How to Spot Black Ice and Managing Low Visibility

Winter weather creates additional challenges that require your full attention.

  • Black Ice Awareness: Black ice is nearly invisible and forms in shaded areas, on bridges, and overpasses. Watch for sections of road that look glossy or wet.
  • Low Visibility: Snowfall, fog, or shorter daylight hours can reduce visibility. Use dipped headlights and fog lights when necessary, but remember to turn them off when visibility improves.
  • Watch for Other Drivers: Not everyone will drive cautiously, so stay alert for erratic behaviour from others on the road.
  1. Choosing a Parking Spot in Snowy Conditions

Parking safely in snowy and icy conditions can be just as important as driving.

  • Choose Your Spot Wisely: Avoid parking on slopes, as your car could slide if the handbrake fails to hold.
  • Clear Your Wheels: When parking, turn your wheels towards the kerb to prevent the car from rolling if it does slip.
  1. What to Do If Your Car Gets Stuck in Ice or Snow

Despite your best efforts, you may find yourself stuck in deep snow or unable to move on ice.

  • Don’t Spin the Wheels: Spinning only digs your tyres deeper into the snow.
  • Use Traction Aids: Place sand, salt, or even car mats under the tyres to improve grip.
  • Rock the Car: Shift between drive and reverse (or first and reverse for manual cars) to create momentum and free the car.
  1. Be Prepared for the Unexpected

Breaking down or getting stranded in winter conditions can be dangerous, so preparation is vital.

  • If You Break Down: If you break down on a motorway, move your vehicle to the hard shoulder if possible, turn on your hazard lights, and exit the vehicle from the passenger side if it’s safe to do so. Otherwise, stay in your car with your seatbelt fastened until help arrives. Walking near traffic, especially in snow or icy conditions, can be extremely risky.
  • Keep Your Phone Charged: Make sure you have a way to call for assistance if needed. Carry a portable phone charger as a backup.
  • Emergency Kit: use your emergency kit to help stay safe and keep warm.

The Role of Insurance

Winter driving increases the likelihood of accidents, and even the most careful drivers can get caught out. Ensure your insurance policy is up to date and provides adequate coverage for weather-related incidents. Consider additional breakdown cover, which can be a lifesaver in freezing conditions.

For tips on how to prepare you home for winter conditions click here.

Get in touch

If you have any concerns or queries on your insurance cover, please don’t hesitate to speak to us. You can call any of the team on 0203 002 9859 or email pcl@jameshallam.co.uk.

The Ultimate Guide to Buying Designer Handbags

The Ultimate Guide to Buying Designer Handbags 880 587 James Hallam

A designer handbag is more than just an accessory – it’s a statement of style, a symbol of craftsmanship, and, for many, an investment. Whether you are a first-time buyer or an experienced collector, choosing the perfect designer bag requires a blend of practical considerations and personal taste.

Our guide covers everything you need to know to make an informed decision.

What to Look for When Buying a Designer Handbag

  1. Define Your Budget
    Designer handbags range from a few hundred to tens of thousands of pounds. Setting a budget is the first step to narrowing your choices. While high-end bags like the Hermès Birkin are coveted for their craftsmanship and rarity, there are many quality options available at more accessible price points from brands like Mulberry and Gucci.
  2. Determine the Purpose of the Bag
    Are you looking for an everyday tote, a stylish evening clutch, or an iconic piece to display? The purpose of the bag will dictate its size, material, and durability. For instance, leather bags are ideal for daily use due to their resilience, while delicate satin or embellished bags are better suited for special occasions.
  3. Research the Brand
    Each designer has a unique style, quality standard, and reputation. Chanel, for example, is renowned for its quilted leather and timeless elegance, while Gucci offers bold patterns and modern appeal. Consider which brand aligns with your personal style and explore their signature designs.
  4. Assess Versatility and Colour
    Neutral tones like black, beige, or grey are timeless and pair easily with a wide variety of outfits. If you are seeking a standout piece, consider vibrant colours or patterns, but keep in mind that bold designs might not be as versatile.
  5. Evaluate Material and Craftsmanship
    The hallmark of a great designer bag is the quality of its materials and craftsmanship. Look for durable, high-grade leather, precise stitching, and sturdy hardware. A well-made bag not only looks luxurious but also lasts for years and makes a good investment.

How to Spot a Fake Designer Handbag

The rise of counterfeit luxury goods means shoppers must be vigilant when buying a designer handbag. Here’s how to spot a fake:

  • Examine the Stitching: Authentic designer bags feature flawless, even stitching. Loose threads, irregular patterns, or uneven lines are a telltale sign of a fake.
  • Check the Hardware: High-end bags use premium metal hardware, which feels heavy and smooth. Counterfeits often feature flimsy or discoloured hardware.
  • Inspect Branding Details: Counterfeit bags often miss the mark on logos, font sizes, or placements. Compare the branding on the bag to official images from the brand’s website.
  • Verify Serial Numbers and Authenticity Cards: Many brands, such as Chanel and Louis Vuitton, include serial numbers or authenticity cards. Cross-reference these with the brand’s records where possible.
  • Pattern Alignment: For brands like Louis Vuitton and Gucci, consistent pattern alignment across seams is critical. Misaligned patterns are a clear indicator of a fake.

Iconic Designer Bags to Consider When Building Your Collection

  1. Hermès Birkin Bag
    Arguably the most sought-after handbag in the world, the Birkin is known for its exclusivity and meticulous craftsmanship. Prices can range from £10,000 to over £200,000, depending on materials and rarity.
  2. Chanel Classic Flap Bag
    This bag features quilted leather, a chain strap, and the iconic interlocking CC logo. Its timeless design makes it a versatile addition to any wardrobe.
  3. Louis Vuitton Speedy
    This monogram canvas bag is perfect for everyday use and is known for its durability and lightweight design.
  4. Gucci GG Marmont
    With its bold GG logo and chevron quilting, the Marmont is a modern classic that stands out without being overly flashy.
  5. Dior Lady Dior
    Favoured by royalty and celebrities, the Lady Dior exudes sophistication with its structured silhouette and quilting.

Buying Tips for New and Pre-Owned Bags

Buy from Trusted Retailers

To ensure authenticity, purchase directly from brand boutiques, authorised retailers, or reputable resale platforms. Avoid deals that seem too good to be true.

Understand Resale Value

Some designer bags appreciate in value over time, particularly limited editions or iconic styles. The Hermès Birkin and Chanel Classic Flap are known to retain or even increase their value.

The Importance of Care and Maintenance

Proper storage and maintenance are crucial for preserving your handbag’s value. Store your bag in its dust cover, avoid exposure to direct sunlight, and clean it with recommended products.

Protecting your Designer Handbags

Designer handbags are valuable investments, often costing thousands and holding sentimental or resale value. Protecting them with the right insurance ensures peace of mind against potential risks like theft, accidental damage, or loss. Specialised insurance policies tailored for luxury goods can provide comprehensive cover, allowing you to enjoy your handbags without worry.

Get in touch

If you have any concerns or queries on your insurance cover include cyber insurance, please don’t hesitate to speak to us. You can call any of the team on 0203 002 9859 or email pcl@jameshallam.co.uk.

rolex submarina

The Importance of Insuring Limited Edition Watches Adequately

The Importance of Insuring Limited Edition Watches Adequately 700 464 James Hallam

Limited edition watches hold a unique allure for collectors and enthusiasts, offering exclusivity, craftsmanship, and potential investment value. These timepieces often become coveted assets, making it essential for owners to ensure they have appropriate insurance cover to protect their valuable collections.

The Appeal of Limited Edition Watches

Limited edition watches are produced in restricted quantities, enhancing their rarity and desirability. Manufacturers may release these editions to commemorate anniversaries, collaborations, or significant events, often incorporating unique design elements or advanced technical features.

For instance, the Rolex Submariner 50th Anniversary Edition, known as the “Kermit,” featured a distinctive green bezel and was produced for a limited period, making it highly sought after among collectors.

Notable and Valuable Limited Edition Watches

• Rolex Submariner 50th Anniversary 16610LV “Kermit”: Released in 2003 to celebrate the Submariner’s 50th anniversary, this model featured a green bezel, a departure from the traditional black. Initially met with mixed reactions, its limited production run has since made it a collector’s favourite.
• Audemars Piguet Royal Oak Concept Split-Seconds Chronograph GMT: This limited edition timepiece showcases innovative design and advanced mechanics, appealing to those seeking exclusivity and technical prowess.

Ensuring Adequate Insurance Cover for Limited Edition Watches

Given the significant value and irreplaceability of limited edition watches, obtaining comprehensive insurance is crucial. Standard homeowner’s policies may not provide sufficient cover for high-value items, and specialised insurance can offer tailored protection.

Key Considerations for Insuring Your Watch Collection

• Protection Against Loss or Theft: Limited edition watches are high-value items and prime targets for theft. The right insurance ensures you’re financially covered if your watch is lost or stolen.
• Cover for Accidental Damage: Accidents happen, and even a minor scratch or drop can diminish the value of a luxury watch. Insurance can cover repairs or replacements without out-of-pocket expenses if accidental damage occurs. However, this doesn’t cover normal wear and tear or non-accidental damage.
• Reflects Market Appreciation: The value of limited edition watches often increases over time. A specialised insurance policy can account for this appreciation, ensuring your cover reflects the current market value, with the evidentiary support of an insurance valuation.
• Worldwide Protection: Whether you are travelling or storing your watch at home, comprehensive insurance provides peace of mind by covering your timepiece wherever you are.

Owning limited edition watches is a rewarding endeavour, combining the appreciation of fine craftsmanship with the joy of possessing rare and exclusive items. To protect these valuable assets, it’s imperative to secure appropriate insurance cover that addresses the unique risks associated with high-value timepieces. By considering specialised cover options and regularly updating appraisals, you can ensure your cherished collection remains safeguarded against unforeseen events.

Get in touch

If you have any concerns or queries on your insurance cover, please don’t hesitate to speak to us. You can call any of the team on 0203 002 9859 or email pcl@jameshallam.co.uk.

How Travel Agents Can Offer More Sustainable Travel Options

How Travel Agents Can Offer More Sustainable Travel Options 500 220 James Hallam

In late 2024, Booking.com surveyed nearly 28,000 travellers who planned to travel for business or leisure over the next couple of years. Among other things, they asked these travellers about their key priorities when planning trips.

A major priority for many travellers – and one which appears to be getting more important with every passing year – is sustainability.

In another survey, around 75% of travellers said they want to travel more sustainably in 2025.

In this post we will briefly explain what “sustainability” means in travel and tourism, before discussing how travel agents and tour operators can offer more sustainable travel options.

What Makes a Trip Sustainable?

For many, “sustainability” is synonymous with CO2 emissions. The lower the emissions associated with a trip, the more sustainable that trip will be. This can mean travelling shorter distances with a greater reliance on less carbon intensive forms of transport. A train will likely be more sustainable than a plane, for example.

Yet there is more to sustainability than carbon emissions. Sustainability also means taking steps to protect the “essence” of a place, whether that is a unique local character or a fragile eco-system.

So, as well as reducing their carbon footprints, travellers want to tread lightly wherever they visit; to immerse themselves in the local culture while avoiding activities that might in some way compromise the environment or the local community.

How Travel Agents Can Offer More Sustainable Travel Options

Below we will discuss some ways that travel agents and tour operators can offer more sustainable travel options in 2025 and beyond.

Sustainable Travel and Accommodation

Ideally, you could prioritise destinations that your customers could easily reach by more sustainable modes of transport, such as coach or train. Yet to remain competitive in a crowded and fast-moving industry, you will likely always have to sell packages and experiences that will involve air travel.

So, instead of avoiding air travel entirely, aim to only work with airlines that have achieved sustainable certification, such as the IATA Integrated Sustainability Program. Also, remember that direct flights are always better than a series of connecting flights, as planes emit the most CO2 at take-off and landing.

Similarly, when it comes to accommodation, try to avoid the major resorts and hotel chains. Instead, look to the smaller, independent, and boutique accommodation providers – those who are more likely to employ locals and to source their food and other supplies from the local area.

Create Off-the-Beaten-Track Packages and Support Independent Business

“Vintage Voyaging” is a type of travel experience Booking.com predicted will become popular in 2025. This means “embracing a thrifty or vintage mindset when travelling”:

“It’s about immersing yourself in a place’s history and heritage. These trips treat the experience of travelling as a souvenir in itself, with vacationers seeking to enjoy deeper cultural connections with the destinations they visit by rejecting globalised consumerism and choosing to shop locally instead.”

How might a travel agent or tour operator offer such a “vintage voyaging” experience? Through creating packages that will allow customers to travel to emerging “off-the-beaten-track” locations, ideally with lots of independent shops, restaurants, and accommodation options.

Take a look at 10 such sustainable travel destinations the BBC recommended in early 2024.

Get Accredited

If you want to attract the green-minded traveller, then it will help to get accreditation to highlight your commitment to sustainability.

For example, the Global Sustainable Tourism Council (GSTC) offers a certification scheme. If you join the scheme, you can also join the GSTC Market Access Program, a global network of hotels and accommodations that also have certification.

Tailored Support For Tour Operators and Travel Agents

At James Hallam, for over 35 years we have provided dedicated insurance services for travel agents and tour operators. Our tailored services can help you get the cover you need at a truly competitive price.

Find out more about our bespoke insurance services for travel agents and tour operators.

 

Museum Security and Safety Risks

Museum Security and Safety Risks 500 334 James Hallam

Museums face a unique set of security and safety risks. If you manage a museum, it is essential that you take the time to understand the risks you face, so that you can take steps to safeguard your museum, your staff, your exhibits, and your visitors from all possible threats.

What Security and Safety Risks Do Museums Face?

When most people think about museum security, they most likely think about the risk of theft. The British Museum reported stolen artefacts as recently as 2023, while a Swiss museum recently experienced the theft of a £2m Ming vase.

Museums must also contend with health and safety risks for staff, visitors, and other members of the public. The Wirral Transport Museum was recently prevented from reopening due to the discovery of significant “hazardous substances risks”.

In recent years, museums and galleries have also had to contend with acts of vandalism carried out by activists. As well as the possible loss or damage of priceless artefacts, demonstrations from activists may also compromise the safety of other museum visitors. And if an activist harms themselves during their protest, will the museum be held liable?

Beyond this, museums face the same risks that any business or building in the UK must contend with, including, but not limited to:

  • Fire
  • Flood
  • Burglaries – as in, the everyday theft of money or stock, rather than the high-profile theft of exhibits or artefacts.
  • Public liability – if any member of the public slips, trips, or falls while on museum property, the museum may be liable.
  • Product liability – if the museum prepares or sells food on the premises, they may face claims should any member of the public experience food poisoning or allergic reactions having consumed this food.
  • Employer’s liability – in the UK it is a legal requirement to get adequate employer’s liability insurance if you have any employees.

How Can Museums Manage These Safety and Security Risks?

Arts Council England and the Collections Trust have produced a Museum Security Toolkit. This toolkit is designed to help museums understand the unique safety and security risks they may be facing, and to take appropriate action to manage these risks.

The toolkit advises on four steps for managing museum safety and security:

  1. Gather Information – Aim to get as comprehensive a picture as possible of the current measures you have in place to protect your collections, your staff, and your visitors. For this, they recommend an Environmental Visual Assessment (EVA), and a dedicated Museum Security Audit.
  2. Identify Threats – Devise an exhaustive list of all the threats to your collection, your staff, your museum premises, and to your ongoing operations should any of these threats occur. As part of this, they recommend creating and maintaining a good Collections Management System (CMS), to identify any particularly vulnerable objects.
  3. Assess, Plan, and Implement – Assess the likelihood of any possible threats or risks. Plan to manage these risks through either current or improved control measures. Then outline how you will implement these plans, including how you will communicate them across your staff. For this, they recommend using a Risk Awareness Profiling Tool (RAPT).
  4. Monitor and Review – As part of your ongoing management and planning cycles, you should continually review the threats your museum and your collections face, along with your control measures for managing these threats.

Is Your Museum Covered For All Possible Risks?

James Hallam is an independent Lloyd’s broker with access to a hand-picked selection of A-rated insurance providers. We can help you understand the unique risks your museum faces, before arranging for comprehensive insurance to cover your museum, your collections, your staff, and your visitors.

Get in touch for a free quote today.

 

What Kind of Insurance Does a Restaurant Need?

What Kind of Insurance Does a Restaurant Need? 500 334 James Hallam

If you are running a restaurant, or a chain or restaurants, then you no doubt know that you need insurance to cover your business for the range of risks you will face.

Yet there are many different insurance products out there, and not all of them are relevant for restaurants. So, how can you ensure you get the cover you need at the best possible price?

In this post we will explore some of the most important insurance products for restaurants, cafés, pubs, and other businesses that prepare and serve food.

Running a catering van? Take a look at our guide to insurance requirements for mobile caterers.

Types of Insurance for Restaurants

Public Liability Insurance

If a member of the public gets injured on your restaurant premises, public liability insurance can cover any compensation they may be due, along with any associated legal fees. This cover extends to your customers, as well as any other members of the public who may visit your premises, including contractors, delivery drivers, and health inspectors.

Public liability insurance can also cover any loss or damage to customers’ property while they are on your premises – such as if one of your waiters spills a drink on a customer’s clothing.

Product Liability Insurance

Product liability insurance can cover for claims related to the food and drink you prepare and serve on your premises. For example, if a customer has an allergic reaction to your food, or if they fall ill after eating at your restaurant, product liability insurance can cover any compensation they may be due, along with any associated legal fees.

Employer’s Liability Insurance

This is similar to public liability insurance, though rather than providing cover for claims made by members of the public, it covers you for claims made by your employers for any illnesses or injuries they sustain while working at your restaurant.

In UK law, there is a legal requirement to get adequate employer’s liability insurance should you employ any staff.

Contents and Stock Insurance

Business contents insurance can cover your restaurants furniture and equipment if they are lost or damaged as a result of fire, theft, floods, or other incidents. Contents insurance can provide cover for repairs or replacements, as necessary.

Stock insurance can cover your perishable stock for similar losses. But it can also cover for other kinds of situations, such as if your frozen stock goes bad following a power cut to your freezer.

Business Buildings Insurance

This can cover your restaurant premises for necessary repairs following fires, floods, storms, or break-ins.

Business Interruption Insurance

If you are forced to temporarily close your restaurant following an insured event, such as a fire or a flood, business interruption insurance can supplement any lost income, allowing you to stay afloat during your downtime.

All claims are different and we would recommend that you read through your policy documents to ensure you are familiar with the details of the cover you’ve been offered.

How Much is Restaurant Insurance?

The amount you pay for your restaurant insurance will depend on a number of factors, including but not restricted to the following:

  • The level of cover you choose. The more extensive your cover, the higher your premiums will be.
  • Your restaurant’s annual turnover.
  • The number of staff you employ. Some insurers may ask for additional information about your employees, including their ages, so as to determine their respective risk profiles.
  • The rebuild costs of your restaurant premises following a total loss. Insurers will also consider the value of your restaurant’s content and stock.
  • Your physical location. If your restaurant is located in an inner city area, there may be an increased risk of burglary. Also, any restaurants located on flood plains will likely have to pay more for buildings cover.
  • The construction of the premises.

We Can Help You Get All The Cover You Need at a Fair Price

James Hallam is an independent Lloyd’s broker with access to a hand-picked selection of A-rated insurance providers.

We know that no two restaurants are quite the same. So, we will take the time to get to know you, your business, and your customers. This will allow us to design a restaurant insurance package that truly meets your needs at a competitive price.

Get in touch for a free quote today.

What Are The Leading Causes of Fires at Sea?

What Are The Leading Causes of Fires at Sea? 500 334 James Hallam

Fires at sea might not be as common as other risks, but they tend to cost marine companies much more than other types of claims.

According to the 2023 Nordic Marine Insurance Statistics (NoMIS), despite only accounting for 2.7% of all claims, fire and explosion claims accounted for 27% of the total claims cost distribution. This is nearly double the previous year’s figure of 15%.

The latest International Union of Marine Insurance report confirmed that fires are the leading cause of losses at sea, as they have been for the past 10 years.

In this post we will discuss the leading causes of fires at sea, and explore some ways you can safeguard your marine business against this risk.

Where Are Fires at Sea Most Likely to Break Out?

Fires at sea are most likely to break out in areas where fuels and other flammable materials are close to sources of heat.

This might include:

  • Engine rooms
  • Pump rooms
  • Cabins
  • Galleys
  • Boilers
  • Generators
  • Cargo holds and storage spaces
  • Incinerators
  • Chain lockers

According to UK P&I Club, the majority of fires at sea start in ship engine rooms.

What Are The Leading Causes of Fire at Sea?

Most fires at sea start when a flammable substance falls onto a hot surface. In an engine room, this can occur when oils or fuel mists spray onto unprotected hot surfaces. In a cabin room, it could occur when a crew member accidentally leaves an electrical device plugged in, which can lead to overheating and fire outbreaks.

The Allianz Safety and Shipping Review 2023 revealed that the most serious fires can be traced to combustible cargo, which can quickly spread until it overwhelms the crew’s firefighting capabilities. Plus, certain materials may reignite spontaneously even after the fire appears to have been extinguished.

Combustible cargos can include scrap metal and self-heating fuels such as coal and DRI. Fires can start when cargo or containers are damaged or compromised, such as during a storm, or due to bad stowage. Lithium-ion batteries may also overheat and cause fires if they are damaged. This may pose a particular risk for roll-on/roll-off ferries transporting electric or hybrid vehicles.

The Allianz review also suggested that the size of the vessel can determine the severity of the fire. The bigger the ship, the harder it can be for crews to detect fires. By the time crews are able to respond to outbreak, the fire may have already spread too far for them to handle.

Plus, emergency responses and salvage operations become more complex with larger fires on larger vessels, which can make declarations of total loss more likely.

How to Prevent Fires at Sea

  • Stay on top of maintenance and repairs, to prevent the risks of fires breaking out due to faulty wirings, mechanical failures, and electrical issues.
  • Also ensure that your vessel’s fire detection and suppression systems are always in full working order.
  • Provide adequate crew training, and run regular fire drills to ensure that everyone knows what they will need to do in the event of a fire.
  • Also brief your crew on fire prevention measures – i.e. not keeping electrical items plugged in, smoking regulations, correct stowage procedures etc.

Make Sure You Are Covered For Fires at Sea

Everard Insurance Brokers are the specialist marine trading division of accredited Lloyd’s brokers James Hallam Limited. We can help you ensure you have the insurance you need to cover you for fires at sea, including incidents that result in total loss.

Find out more about our dedicated marine insurance services.

Future Trends and Predictions for the Travel Industry in 2025

Future Trends and Predictions for the Travel Industry in 2025 500 310 James Hallam

In this post we will share some of the trends that could shape the travel industry in 2025 and beyond.

No matter what happens in the travel industry over the next 12 months, you can depend on us to get you the cover you need, at the best possible price. Find out more about our specialist insurance services for travel agents and tour operators.

How Will Climate Change Impact the Travel Industry?

In recent years some parts of the world have experienced record high temperatures. This made certain destinations too hot for tourists, while making it difficult for some aircrafts to take off. There have also been numerous extreme weather events, which inevitably impacted the travel and tourism industry.

Will 2025 also see soaring temperatures, heavy rains, flooding, and storms? In any case, travel industry leaders are already anticipating how a changing climate could affect the way we travel.

Travellers could face more risks, and disruptions may become more frequent, and more severe. Plus, travellers may choose to avoid formerly popular destinations to avoid the risks of extreme heat and possible flooding, such as certain continental cities and coastal resorts.

Read our full guide to how climate change may affect tourism destinations.

What Do Customers Want From Their Travel Experiences in 2025?

In late 2024, Booking.com surveyed their customers to get an idea of the sort of trips that might prove popular in 2025. Here are their key travel predictions for 2025:

  • Travellers are increasingly concerned with sustainability. (link to other Jan blog)
  • People are looking for “authentic” experiences. Resorts and package deals may prove less popular than in previous years. Instead, travellers will look for “off-the-beaten-path” experiences, with particular interest in wellness, adventure, nature-based activities, and “nocturism”. That means “nocturnal tourism”, with trips focused on activities that take place at night, such as stargazing.
  • As well as catering to solo travellers and couples of all ages, travel and tourism operators should also deliver travel experiences for the whole family.

Predicted Trending Travel Destinations for 2025

Booking.com also predicted a few trending destinations for 2025:

  • Sanya, China
  • Trieste, Italy
  • João Pessoa, Brazil
  • Tromsø, Norway
  • Willemstad, Curaçao
  • Tignes, France
  • Villajoyosa, Spain

New Opportunities for the Travel Industry from Technology

Technology is revolutionising the travel and tourism industry. According to research from Mastercard, 56% of travel companies are focusing their strategic planning on rising customer expectations for digital user experiences.

What sort of digital trends will reshape the travel and tourism industry in the coming years? AI will mean that automated systems will increasingly replace human interactions. Airlines may turn to biometrics and facial recognition systems in lieu of boarding passes.

Customers will increasingly expect a totally streamlined and personalised experience, where travel companies recognise and meet their needs in real time, ideally without the customer needing to take any actions themselves.

New Cyber Security Risks for Travel Agents

As ever, along with bringing new opportunities, technology also brings a host of new threats. A growing reliance on interconnected digital systems will put travel companies, and their customers, at increased risk of cybercrime. Plus, agencies have warned that cybercriminals are now using AI tools to automatically target and attack businesses.

If you are a travel agent or tour operator, and you have not yet taken steps to secure your systems, make 2025 the year you start taking cyber security seriously. Read our full guide to cyber security for travel agents and tour operators.

We Can Help You Make The Best of the Opportunities that 2025 Will Bring

At James Hallam, for over 35 years we have provided dedicated insurance services for travel agents and tour operators. Our tailored services can help your business stay resilient and competitive, no matter what challenges and opportunities 2025 might bring.

Find out more about our bespoke insurance services for travel agents and tour operators.