Could Your Commercial Property be up to 60% Underinsured?
According to the Building Cost Information Service, part of the Royal Institution of Chartered Surveyors, almost 80% of commercial properties in the UK could be underinsured by as much as 60%. For a £500,000 property, that could mean a shortfall of £300,000: a very worrying statistic. But what is it that is causing this shortfall? It seems there are two main factors.
Paper Driving Licences & Counterparts: The New Rules you Need to Know
On 8th June 2015, the paper counterpart to the driving licence photocard is being abolished. From this date, paper counterparts will no longer be issued by the DVLA and won’t hold any legal status. The official advice is that you should destroy the paper counterpart after this date, but keep your photocard licence. The end of the counterpart may seem fairly straightforward, but it has spelled some confusion in two main areas.
Important Advice for Employers of Remote Workers
According to research by the Office for National Statistics, 13.9% of UK workers do their jobs remotely: that’s 4.2 million people. The remote working population has grown by 1.3 million since 2008 and is at its highest level since records began in 1998. Remote working certainly has its advantages, both for employers and employees. However, for employers there are considerations to be made concerning health and safety, data protection and physical risks – and insurance.
Business Interruption Insurance: Are you Prepared for the Unexpected?
If one thing’s for certain, it’s that you can never be sure what the future will hold. That’s a fact of life and it is as true in business as in any other walk of life. Unexpected events can arise at any time and, if you run a business, then you’ll be aware that even the slightest interruption can start costing you in lost income and profits before you know it. That’s precisely why business interruption insurance is vital. It provides cover for loss of income during such times as you cannot trade as usual, due to some unexpected insured event.
Costly Claims Could Sink a Business: Here’s a Solution
Disputes are, unfortunately, a common part of today’s business landscape. In fact, any business that hasn’t found itself involved in some sort of legal wrangle can probably count itself lucky. Legal costs and professional fees to defend any claims made against your business or to pursue a disagreement over a contract, for example, mount up very quickly and can run into significant sums: sums that can often have a shattering effect. Have you thought about how you would cope if the prospect of such expenses suddenly became a reality for your business? In this post we discuss some of the most common disputes that arise in business, and offer a solution to cover the costs attached to defending any action you might face.
Risky Business: Protecting Company Directors and Officers from Crippling Claims
Did you know that as a director or officer of a company, you are legally responsible for your actions? That under the Companies Act 2006, there are more than 200 areas of statutory liability you are exposed to?