Affordable insurance for businesses at risk of flooding

December 23rd, 2016

Business floodIt’s great news for businesses located in flood risk areas as the British Insurance Brokers’ Association (BIBA) announces the launch of a new product aimed at helping commercial properties find competitive insurance.

Read the rest of this entry »

Uncertain times leave small businesses underinsured

December 12th, 2016

Business menThe decision to leave the European Union means that British businesses are facing an uncertain future. Doubtless there will be some ‘winners’ and some ‘losers’, but one thing we do know is that the drop in the value of sterling could leave businesses vulnerable to the risk of being underinsured. Read the rest of this entry »

Why brokers are the best bet for business insurance

August 19th, 2016

general insuranceIt’s never been easier to buy ‘off the peg’ insurance products; just go online and choose from any number of price comparison websites that are fighting for your custom. However, insuring a business is much more complicated than insuring your car or home and you need a bespoke product that’s tailored to fit your individual business’ needs. Read the rest of this entry »

Flood Risks for Businesses

November 30th, 2015

Sand bags floodAccording to the ABI British businesses made 3,100 flood insurance claims and 44,700 storm insurance claims in the first two months of 2014. With the worst of the winter weather just around the corner we look at practical steps you can take to make sure your business stays buoyant. Read the rest of this entry »

Insurance Claims Facts and Figures

October 22nd, 2015

Insurance policy approvalInsurance provides a financial safety net to help people cope with unexpected events, and new figures show just how much help insurance actually provides. A report by the Association of British Insurers has revealed that the industry pays out a staggering £77 million every day. Read the rest of this entry »

Professional Indemnity Insurance Explained

September 15th, 2015

Professional indemnity insuranceIn the not too distant past Professional Indemnity Insurance was seen as a useful ‘business extra’ but thanks to an increasing appetite for negligence claims; it’s fast become recognised as a ‘business basic’. Research has revealed that the market has grown 7% year-on-year since the start of the decade and annual premiums now add-up to over £1billion. Read the rest of this entry »

Cyber Risk Insurance: Lessons from the latest high-profile hack attack

August 28th, 2015

Lips No matter where you stand on the on the ‘extramarital dating’ debate; the recent hacking of Ashley Madison has taught us all one clear lesson: leaky cyber security can destroy businesses, reputations and lives. Cyber crime can be catastrophic to both businesses and individuals, and as we live more of our lives online we all become increasingly vulnerable. Read the rest of this entry »

Cheaper Commercial Vehicle Insurance for Small Businesses

June 3rd, 2015

White van Small businesses form the backbone of the country’s economy employing more than 25 million people with a combined turnover of over £1.2 trillion. Having weathered the worst of the financial crisis SMEs are beginning to see the first shoots of economic recovery. However, every penny still counts and business owners will be happy to hear that commercial vehicle insurance costs are falling. Read the rest of this entry »

Cyber Security Tips for Small Businesses

February 6th, 2015

Cyber security tabThe Internet is a great way to generate new business and keep in-touch with customers, but with increased opportunity comes increased risk. Cyber crime is never far from the headlines and cyber criminals will ruthlessly exploit any weakness they can find. The following steps are designed to make sure your cyber defences are in good shape and that your business is protected:  Read the rest of this entry »

145,000 home based businesses mistakenly think they are insured

January 28th, 2015

Home businessMany of the world’s biggest brands started life in spare rooms and home-based businesses are the lifeblood of the British economy. In fact, the government estimates there are 2.9million home businesses in the UK contributing an impressive £300billion to the economy.   Read the rest of this entry »