Category Archives: Commercial

pub insurance
18 Aug

Pub insurance – what you need to know

Licensed trades like pubs and nightclubs operate within a strict regulatory environment, which can make buying insurance complex. Many insurers don’t offer pub insurance at all and others apply onerous terms and conditions. However, due to the nature of your clientele and manner of operation — long hours, late closing times, crowded premises and drunken customers

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landlords' insurance
11 Aug

Landlords’ insurance – the importance of proper cover

As a residential landlord, you have a variety of obligations. These include keeping rental properties safe and free from hazards, ensuring all supplied gas and electrical equipment is properly installed and maintained, complying with fire safety regulations, providing an Energy Performance Certificate as well as a number of financial and legal requirements such as having

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01 Aug

You and the Insurance Act 2015

• The Insurance Act goes into effect on 12th August 2016 and affects all commercial insurance policies governed by UK law. • The Act introduces a new ‘duty of fair presentation’, requiring insureds to capture more knowledge from more people in their organisations. Many industry insiders are hailing the Insurance Act as the most significant change to

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26 Jul

Construction Site Safety Inspections

Construction is one of the most dangerous industries in the United Kingdom. According to statistics from the Health and Safety Executive (HSE), in 2015-16, construction injuries accounted for over 18 per cent of all fatal injuries in the workplace and roughly 10 per cent of all reported major injuries. HSE inspectors have the right to

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14 Jul

Taking time off: can your business survive your holiday?

The stereotype of the overworked and underpaid business owner or manager is no myth—it is firmly grounded in reality. Lengthy working weeks with little to no respite is the norm. And while many business owners and managers think they can handle the stress and weighty responsibility without a rest, neglecting to take a break from

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Motor Trade
07 Jul

Motor traders and fleet owners experience rise in theft claims

Insurers are noting a sharp rise in the severity of theft claims for motor traders. Although overall motor vehicle theft is trending downwards (there were about 80,000 thefts in 2015, which is down 31 per cent from five years ago), motor traders and fleet owners are experiencing a dramatic uptick in the number and severity

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30 Jun

Business interruption insurance – 5 common mistakes

Any interruption to your company’s normal operations — even one that is brief — can be costly. Thankfully, these setbacks can be easily mitigated with comprehensive business interruption insurance. However, even if your company has a robust policy, it is only effective if your sum insured and indemnity period are adequate. To help ensure your

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16 Jun

Equipment Breakdown Insurance

Because your business depends on functioning equipment to operate and maintain revenue, a breakdown could be devastating. The threat of breakdown is increasingly prevalent because technologically advanced equipment tends to be sensitive and fragile and can easily sustain damage that causes breakdowns. The losses sustained will continue to increase with the rise of just-in-time manufacturing,

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ransomware attack
09 Jun

Half of UK businesses are unprepared for cyber attacks

In the last 12 months, two-thirds of large businesses (those with at least 250 employees) experienced at least one cyber attack or breach, according to the government’s Cyber Security Breaches Survey, released in May. Of those businesses, one-fourth experienced a breach at least monthly. While about one-third of these incidents involved cyber criminals impersonating the

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01 Jun

Commercial Insurance News – June 2016

Did you know? On 6th April, the government abolished employer National Insurance contributions for apprentices under 25 years of age. This decision is expected to save employers an estimated £1,000 annually for every apprentice that earns £16,000. The government is predicting that the potential savings will encourage more employers to take on apprentices, which will

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