Archive for category: Uncategorised

I’ve been running regularly and competitively for the last 9 years. I knew I had to do something to stay fit when I left the army in 2014 after 30 years as a reserve infantry officer in Royal Welsh. Running seemed to be a relatively easy way to stay fit as I got older. Then I joined a running club in 2015.

Since then, I’ve done over 80 competitive races, from 1 mile, 5k, 10k, half marathons 13.1 Miles (21k) and a couple of full marathons at 26.2 miles (42k) even up to ultras at 71 miles (115km) but never got into London to do the road marathon and of course every year your getting older and it gets harder.

I was in the mix this year, having got a place in 2019, it was deferred because of the pandemic, but unfortunately due to life pressures and family circumstances, and to some extent my own ambivalence, the training didn’t go according to plan, and I just hadn’t done enough. I should have got around in about 4hrs 30mins, but it ended up being 5hrs 42mins.

At no point did I ever think, sod it I just won’t go.

When it was pouring down before the start line and I was cold, I never thought of binning it.

At 10 miles at Tower Bridge, when I started to get stomach cramps, I never thought of giving up.

At 18 miles in the depths of Canary Wharf when my legs were lacking energy, I never thought of giving up.

At 23 miles by Tower Bridge, with painful blisters starting on the balls of my feet, I never thought of giving up.

At 26.2 I was glad it was over. I was also satisfied that I had finished and completed a challenge that’s beyond 90% of the population.

In business, it’s the same as it is in life and running. If you say you are going to do a thing, then never give up on it and do what you say you will do.

How will anyone trust you, if they don’t know if you will do what you said you would do?

Always complete, always finish, be a reliable partner and it will come back to you 1000%

Have a great week 😊

I have no idea at all what I want and it’s no wonder!

A good friend of mine and running buddy lectures at our city university, and over many hours, we talk about almost anything and everything, mostly just to pass the time.

Her background is in fashion and commerce. Before becoming a lecturer, she worked for several international brands as a buyer travelling worldwide. One thing she has told me about university courses, is astounding.

Regardless of discipline, virtually no university courses ever sits students down and gives them any steer (over and above what some lecturers try to feed in) on how to set up a business and what that entails.

Nothing on banking, finance, intellectual property, legal matters, terms of business, and certainly nothing on insurance or the law relating to it, the mandatory covers and the criminal penalties for failing to set it up correctly.

So, here’s insurance 101 for new business founders:

1. Employers Liability cover – Covers injury and damage to property of employees.

BY LAW if you have a limited company with more then one director or any company with employees. Failure to arrange £2,500 fine per day or 6 months in jail for directors.

 

2. Public & Products Liability – Covers injury or damage to people or property outside your organisation, caused by your people or the products you manufacture, sell or supply. Protects you from claims made against you or your organisation

 

3. Material Damage and Business Interruption – Covers damage to everything you own, including stock, equipment and business contents and the loss of trading profit that flows from their damage or destruction

 

4. Legal Expenses – Covers the costs involved in defending or taking action in a number of other situations, including HR matters, Tax investigations, Property and Contract disputes, just to name a few.

 

These are the very basics all new businesses should have. There are of course others which are essential in particular circumstances, such as marine cargo, statutory inspections and vehicle insurances.

The only way to be sure you are properly protected is to engage with a professional and get advice which is normally free at the point of contact.

If you are setting up a new business, talk to professionals who can give you the correct advice and keep you and your business stable and safe as you grow #becauseaccidentshappen to nice people all the time.

At Severn Bay Corporate Solutions, we arrange Continuity, Insurance and Risk Management solutions, for businesses and property owners, #becauseaccidentshappen to nice people all the time.

We TRUST you to disclose everything you know is important and you TRUST us to search out and find the best solution that meets your needs:

We will promise that:

• All our communications will be clear and concise
• We will get you the correct technical solution
• At the lowest price available in the market
• We will declare our fee up front so you can see that it is reasonable

We will do this because we know it is the best way to GAIN or RETAIN clients for our business.

As wholly independent brokers, not tied to or beholden to any provider, we can search an extensive range of products, and tailor a solution to your specific needs.

We do that work for you, so you don’t have to waste precious time without the knowledge or experience to make value judgements about the suitability of what you purchase.

If you’d like a grown-up conversation about your requirements, one built on trust and a long-term relationship, just get in touch and speak to one of our professionally qualified advisers.

www.severnbay.com

I get it, I really do!

You have a business and along with lots of other things you know you need in place, you go out and buy the insurance you think you need.

You get cover for the physical things you can see and touch, such as buildings, stock, business equipment, computers and machinery, and because you can see what’s on offer, often on the internet, you realise you had better have cover for business interruption and liabilities in case someone makes a claim against you.

Oh! and maybe some legal expenses for other actions you might need to take or defend, and that is about it.

Without independent advice you probably wont think much further, or even consider such things as:

• Financial Guarantees
• Marine Cargo and Goods in Transit
• Cyber Liability
• Directors & Officers cover
• Corporate Liability
• Contract Dispute and Debt Recovery
• Employment Practice Risks
• Pension Trustee Liability

And that is only the start!

Depending on your industry you might need contractors all risks cover, engineering inspection and damage and have you ever heard of JCT 21.2.1 or Sudden and Unforeseen Damage and Fragmentation cover?

This is why its essential to get professional advice and guidance. If that is dovetailed with Business Continuity Planning, we can also look at all the events which could interrupt the income stream of your business, that you can’t insure, to provide an holistic, all-encompassing, risk management structure to #preserveprofitability

When you plan for all the events that could derail your business, you have plans to activate and seamless cover that leaves no gaps. That’s a nice place to be, peace of mind guaranteed, that will make sure you can #justkeepgoing

For further information and guidance just visit our website https://www.severnbay.com  just ask for help and have a free no obligation chat.

Why wouldn’t you?