Category Archives: Commercial

19 Jul

End to credit and debit card surcharges

The government has announced that from 13th January 2018, businesses will not be allowed to add any surcharges for credit and debit card payments. This means that consumers will no longer be worse off when paying by card, either online or in a shop. The current rules, which have been in place since 2013, require

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small business confidence
11 Jul

Small business confidence wavering

In the second quarter of 2017, confidence as measured by the Small Business Index*, wavered for the first time since the referendum vote last summer. After the steep rises that were seen towards the end of 2016 and early 2017, the headline confidence measure fell to +15, down from +20 in Q1 2017 (although still

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gig economy
05 Jul

What are your obligations to gig economy workers?

The “gig” or sharing economy is composed of organisations that hire independent workers for short-term positions. The BBC defines it as “a labour market characterised by the prevalence of short-term contracts or freelance work, as opposed to permanent jobs”. Instead of a regular wage, workers get paid for the “gigs” they do, such as a

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30 Jun

A guide to fire safety legal responsibilities

In light of the terrible and tragic events in London, we wanted to share this advice from Zurich Insider. This will help you and your business understand fire safety responsibilities for non-domestic premises. Zurich have also created a multi-disciplinary group to provide technical support and guidance which you can read about here. Legislation requires responsible

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23 Jun

Commercial insurance jargon buster – our top 10

Insurance is complicated enough, particularly when looking to cover the risks for your business. Here we give our explanations of the top 10 jargon terms seen in commercial insurance. We would also highly recommend that you read our “Guide to the Insurance Act“: Average clause – A policy condition that requires the amount of a

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09 Jun

Nearly Every UK SME Owed £16,000 in Late Payments

More than half of Britain’s SMEs (52% in total) were owed an estimated total of £44.6 billion in late payments by the end of 2016, according to recent industry research*. That averages out to roughly £16,000 per SME; however, 1 in 10 were owed more than £100,000. This massive financial delay has been detrimental for

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health and safety
06 Jun

Health & Safety Fines – One Year On

In February 2016, the new guidelines from the Sentencing Council came into force. These amendments dramatically increased fines for corporate manslaughter, food safety and hygiene offences, and health and safety offences. Prior to these dramatic revisions, courts were only able to deliver fines that had negligible effects on offenders. Within the first year, it has

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business interruption
25 May

Business Interruption Cover – More Important Than Ever

Many business owners fail to consider how they would manage if a fire, natural disaster or, sadly, an act of terrorism rendered their business premises temporarily unusable. According to the Insurance Information Institute, more than 25 per cent of all businesses that close down following a disaster never open again. With advanced planning, there are

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ransomware attack
15 May

The impact of WannaCry ransomware attack

Friday saw a widespread cyber attack that Europol, the EU’s law enforcement agency, has called the “largest ransomware attack observed in history”. The ransomware, which locks users’ files and demands a $300 (£230) payment to allow access, spread to an estimated 200,000 organisations in 150 countries round the world including FedEx, Renault and the Russian interior

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11 May

The Dangers of Underinsurance

We’ve all had the occasional average day but, when it comes to insurance, “average” is just about the last word you want to hear. Particularly if you’re in the midst of a burnt out building worrying about how you are going to rebuild, not just the building, but your business and the livelihoods of your

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