Under-Insurance Risk for Commercial Property Due to Rise in Construction Costs
The unrelenting rise in construction costs over the past year, with some materials increasing by as much as 100 per cent, has left many commercial properties under-insured, which can have serious consequences. Here's a look at why it's such a significant problem, and what can be done to combat it.
Why Claims Against Directors and Officers are on the Increase, and How to Protect Your Business Against Them
The cost of defending a directors and officers (D&O) claim has the potential to run into six figures, and on top of this there are government penalties and reputational damage to factor in. For this reason, it is vital that businesses take steps to understand the risks faced, and ensure they are covered in the event of a claim.
Top Ten Risks for UK Businesses in 2021
The Allianz Risk Barometer report identifies the top corporate risks for the year ahead, based on the insight of over 2,700 risk management experts across the world. We thought it would be useful to share the risks from the report ranked most important by those surveyed in the UK, to help with your own risk planning for the next 12 months and beyond.
Grey Fleets: What They Are, and Why You Need to Manage the Risks
The United Kingdom’s ‘grey fleet’ is estimated at around 14 million vehicles. Despite this, many businesses are completely unaware of the potential risks, or even if they are actually running a grey fleet.
Is Your Business Ready for Brexit? Useful Resources to Help you Plan for Leaving the EU.
The Brexit transition period will end on 31 December 2020, which is just a few weeks away. There will be no extension to this deadline, even though the government is still in negotiation with the EU. For businesses, there is a lot to do, so it’s important to take steps to get organised now. Read on for helpful advice and resources.
Securing Professional Indemnity Cover in a Hardening Insurance Market
In this post, we are looking at how professional indemnity insurance has been affected by a rise in demand and drop in availability, brought on by a hardening of the insurance market that’s been further accelerated by the COVID-19 pandemic. We’ll be sharing advice on what to expect when attempting to obtain PI insurance, and providing expert tips on securing the cover you need to protect your business.