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Travel cancellation coverage – what you need to know

Given recent developments concerning the rise in reported cases of coronavirus worldwide, the outbreak is stoking fears among travellers. Many are wondering whether travel insurance will protect them in case they cancel their trip, become sick while abroad, or if their flight is grounded. So how do you know what you have cover for? It…

The Insurance Impacts of 2019 Novel Coronavirus

So how do you cater for such an event in your Business Continuity Planning? The outbreak of 2019 Novel Coronavirus (2019-nCoV), in Wuhan City, Hubei Province of China, has prompted questions of how insurance policies might respond to claims stemming from business losses attributed to this infection prompting this White Paper. The primary virus infection,…

Ascend & Hiscox launch free Leakbot system

In conjunction with Hiscox Insurance company we have launched a new incentive for all existing customers with a Hiscox home policy with Ascend. All existing policyholders can claim a free LeakBot (RRP £149) and start protecting your home against the damages caused by hidden water leaks today The average cost of claims for water damage…

Five employment law changes you need to be aware of in 2020

As we head into the start of a new year, we look at five critical employment regulation changes every UK commercial enterprise needs to be aware of heading into 2020. What important UK employment law changes come into effect in 2020? With the Government mired in the complications of Brexit, many employment law developments in…

Efficacy Cover: What you Need to Know

Work in the electrical contracting industry can cover a wide range of services, and most contractors in the field will engage in some level of activity that may leave them liable if one of the products or services they provide causes injury or property damage to a third party. Electricians know they must have Public…

CPC Requirements After Brexit: Here’s What You Need to Know

As the deadline for Brexit approaches, commercial drivers need to ensure that their Certificate of Professional Competence (CPC) qualifications are properly updated to avoid potential compliance issues on the road. Specifically, the government recently released CPC requirements that lorry, bus and coach drivers must follow in preparation for Brexit. Failure to implement these standards before…

The growing threat of a cyber attack

As we become increasingly reliant on technology, the potential impact of cyber-related incidents continues to grow. Yet the cyber insurance market is relatively new in comparison to other lines of cover. So, what do we mean when we talk about cyber risk & what do you need to do to protect your business against this…

31st January 2020 – Is your business Brexit ready?

It is not long now to prepare for Brexit with the 31st January 2020 on the horizon. Our guide has been written with support from The Department for Business, Energy & Industrial Strategy (BEIS). Brexit impact on business: which industries will be affected? For many businesses, there won’t be much to do. Staying on top…

Is cyber insurance right for my business?  

Have you considered cyber insurance for your business? Cyber insurance is finding its way onto the agendas of businesses everywhere, but it’s still a relatively misunderstood class of insurance. Because of this, many companies find themselves confused about how cyber insurance actually works and are skeptical about whether it makes sense for their business to…

Windstorm protection – loss prevention guide

High winds and heavy rain can cause damage to properties, and flying debris poses a risk to your buildings, vehicles and any people caught out in the storm. Building maintenance carried out by skilled, competent people is the best line of defence against extreme weather. It helps prevent the elements penetrating walls and roofs to cause further damage to stock…

Winter: A risk management guide for commercial clients

Working with Aviva we are pleased to enclose a guide to winter risk management –  you will find information on common risks, from extreme weather damaging buildings and causing dangerous driving conditions, to keeping your staff safe. Working with the Aviva Risk Management Solutions team please find enclosed the guide to winter risk management. In…

Water damage: A risk management guide

Water leaks can cause untold damage and disruption commercially – accounting for approximately a third of all claims by value. Working with the Aviva Risk Management Solutions team the enclosed guide to water damage has been prepared – which is especially apt over the winter season. In our guide you’ll find advice on how to…

Insurance Times Awards Double Win

Ascend crowned gold winner in Customer Champion of the Year 2019 and bronze in Independent Broker of the Year The Insurance Times awards are often referred to as the Oscars for the general insurance industry and this year the ceremony took place at the spectacular Grosvenor House Hotel in London’s West End on 22nd November…

What are the risks of in-home deliveries?

While many customers might welcome the greater flexibility offered by in-home delivery services, there are also potential risk implications. For example: • Theft • Accidental damage to property • Malicious/criminal damage • Injury to a delivery driver (e.g. a trip or slip), which could lead to a personal injury claim   Theft could be a…

Ascend Broking Olympic Abseiling for RDA

In September, two intrepid members of our team – Edwin Carter and Katherine Smithers – braved the elements to abseil down the side of the Olympic Stadium in Stratford, London. Raising £500 for Little Belsteads. Katherine said it was ‘a hair-raising experience but an exhilarating one’ – not one she would like to ‘repeat too…

Ascend stables open at Little Belsteads

The opening of the Ascend stables at Little Belsteads RDA in Little Waltham, Chelmsford, Essex. Ascend Broking & Little Belsteads RDA attend the opening of the new stables. Belsteads RDA is a registered charity that was inspired to provide interaction and riding opportunities to children with disabilities all over Essex. Based at The Belsteads School,…

Do you have HGV’s that go into London?

New rules regarding safety permits for vehicles over 12 tonne come into force in October 2020. London has the highest number of cyclist v HGV accidents in the country, nearly twice the national average. From October 2020 all vehicles (other than exemptions) over 12 tonne will need a safety permit to operate in London. Firstly,…

Recent Essex Magazine Article November 2019

We recently featured in the Essex Magazine following the launch of our high net worth & wealth management service – Ascend Executive. Essex insurance broker Ascend Broking goes from strength to strength      

Ascend Nuclear 7.5km Mud run

5 members of staff recently completed the Nuclear 7.5km obstacle course in Kelvedon Hatch in very wet and muddy conditions. Matt Price, Alex Patten, Katherine Smithers, Max Collins and Eddie Carter excelled themselves by completing the last Nuclear 7.5km run of the year in horrendous conditions over farmland in Ongar on 3rd November 2019. In…

10 Fascinating Facts About Beaujolais Nouveau

Beaujolais had always been a celebration to celebrate the end of the harvest. But did you know that until World War II it was only for local consumption only. It was a way sell ordinary quality wine at a good profit with Chateuas selling wine within weeks of the harvest and this was great for…

Listed buildings require a specialist

Listed buildings are beautiful, unique and, quite often, works of art. Owning one is not only something quite special, but means you have an obligation to maintain and protect it beyond that of a regular home. Indeed, the consequences of knowingly under-insuring a Grade I listed building could result in legal action and you’ll find…

Ascend & the local community update

As 2019 draws to a close, Ascend Broking reflects on its fundraising endeavours of the year and how we have supported the local community. Our current charity is the RDA facility, Little Belsteads Training and Livery. Peter Adams, Belsteads School, Eddie Carter & Katherine Smithers, Ascend Broking at the opening of the new Ascend Stables…

Why Professional Indemnity Insurance

What if you provide advice and consultancy and there’s a mistake in the advice you’ve given? What if you provide an expert service and there’s a mistake in designs, plans or calculations? What if you handle people’s information and you face claims that you accidentally disclosed data or infringed on a client’s legal rights? If…

Sky Dive for CHESS Homeless Charity

Max Collins & James Kemsley completed a 13,000ft Sky dive and raised an amazing £1600 for the Chess Charity. {{ vc_btn: title=CLICK+HERE+TO+DONATE+TODAY&style=custom&custom_background=%23212c43&custom_text=%23ffffff&size=lg&link=url%3Ahttps%253A%252F%252Fwww.gofundme.com%252Ff%252Fascend-broking-group-amp-little-belsteads-rda%253Futm_source%253Dcustomer%2526utm_medium%253Dcopy_link%2526utm_campaign%253Dp_cp%252Bshare-sheet%7C%7C%7C }}

Marriott faces £100m fine over cyber-attack on its data

The massive hacking of Marriott International reservation databases could lead to a £99m fine as the UK cracked down on privacy breaches with its second major penalty notice in two days. The cyber-attack, which Marriott disclosed in 2018, exposed information on 339-million guest records, including seven million related to British residents, the UK Information Commissioner’s…

According to IT services cyber-attacks are on the rise

With hundreds of thousands of Cyber-attacks per year, it is little wonder that some challenges are successful. We all know that Cybercrime is on the rise, but the reality is that we are only aware of the successful attacks on our practices, or the obvious attempts of attacks such as phishing or ransomware. According to…

Corporate Travel insurance is an essential purchase

Purchasing an annual policy protects your employees whilst they are traveling on your behalf, and an annual policy arranged through your broker takes the worry out of purchasing a policy every time they travel – or relying on the limited cover that may be provided through your credit card. Importantly, when an employee is sick…

10 reasons why you should consider D&O Cover

Being a director is often challenging and potentially lucrative, but if the prospect of being sued is looming, it can be a lonely and alarming position. Directors and officers cover (D&O) provides a suit of armour in the face of legal action, with the insurer stepping in to provide guidance at the first sign of…

Some Key Benefits of using an Independent Broker

1. A logical option One of the gripes people find with insurance bought online is that it doesn’t actually cover you the way you want it to. When you get a quote online, think about the information you provide. Does it encapsulate your requirements? How can a quote be provided in such little information? An…

The Broker Innovation of the Year Awards 2019 – Winner

The Broker Innovation Awards – Start-up Broker of the Year 2019 WINNER We are delighted to have been crowned Start-up business of the year 2019 at The Broker Innovation Award 2019 held at Leonardo Royal Hotel, Tower Bridge in London. We also were finalists in another 3 categories including: • Commercial Broker of the Year…

Ascend Facilitate Counter Terrorism Advice for SMEs

Ascend have featured in a recent article in the Essex magazine about our Terrorism and Cyber Crime event on the 10th of September being held at Anglia Ruskin University, Chelmsford. The article gives details about the event and what the day will include. The event will give insights into protection from Cyber Crime and Terrorism…

The New Discount Rate – Bad News All Round

It was announced on Monday 15 July by the Ministry of Justice that the Ogden Discount Rate will only marginally increase from the -0.75% level to -0.25% with effect from 5 August 2019. This is a disappointing result because the government had previously indicated to the industry and the financial markets that the rate would…

Driving offences, you’ve probably never heard of that carry HUGE fines and penalties

There are a number of lesser known or obscure driving laws and offences in the UK that could see drivers attract huge fines and penalty point endorsements. Having a dirty number plate There is a law which states that any number plate that is obscured by dirt or grime can be charged with a hefty…

Is your business at risk of underinsurance?

Your premium is calculated based on your individual circumstances and the amount of cover you choose to take out to protect your business. Underinsurance occurs when you have not taken out the right amount of insurance cover for your needs. What does it mean if I am underinsured? Taking out insufficient insurance cover will essentially…

Why Defamation Cover Should Be Considered By All

In May, a UK publishing-tech start-up business set up a crowdfunding website, to try to finance expansion into the USA, having already created 100-page biographies for 475 everyday individuals since its foundation in June 2015. You no longer need to be a celebrity to have a biography that records the memorable moments of your life.…

Terrorism and Cyber Crime Event – 10th September 2019

On the 10th September 2019 in partnership with Counter Terrorism Policing, National Counter Terrorism Policy & Essex Police you are invited to an engagement seminar for business of all sizes to be held at the Anglian Ruskin University, Chelmsford, Essex. The event will focus on the current threat from terrorism to the United Kingdom and…

Brokerage’s unprecedented success is great news for Essex employment

Ascend have recently featured in an article in the East of England Business News. The article tells of our unprecedented success since our foundation just over two years ago, and of our recent success with insurance awards.   Click here to read about our recent success.

Water, Water Everywhere: Escape of Water

The continuing rise in escape of water claims has been identified by the Association of British Insurers (ABI) as an area of focus for 2018. In 2016, escape of water contributed to over a quarter of all domestic property insurance claims, ranking above ‘weather’ and ‘fire and explosion’. Between January and September 2017, these claims…

Tribunal Award Increases Sound An Alarm

With the start of the new financial year on April 6 2018 came increases in the maximum basic awards that can result from employers dismissing staff unfairly. It has also introduced what could become potentially uncapped awards for claims such as discrimination and whistle-blowing. There has been a rise in the maximum total award for…

Transparency and Financial Experts Tick Brits’ Boxes

The rise to prominence of the term ‘fake news’ was certainly swift last year and the frequency with which it was banded about made it 2017’s word of the year. But it was not just a popular turn of phrase, but something that shook society, according to the Edelman Trust Barometer published on January 22nd…

Tradesman Liability Insurance – Why is it needed?

If you are a tradesman or if you work for yourself, you will probably know by now that one simple mistake or mishap has the potential to be very costly, even to the extent of closing down your business. For this reason, tradesman insurance is essential if you want to safeguard your livelihood. For the…

Don’t leave your phone in your vehicle during a heatwave

Throughout July Europe has seen some remarkable temperatures being recorded. Record breaking heats of almost 40 degrees Celsius across Europe has made this summer the hottest on record. Despite the joys of ice-creams, beach days and swimming pools, there are also downsides. One van driver found this out the hard way. One van driver in…

Ascend begin fundraising for The Belsteads RDA

Ascend are delighted to support The Belsteads RDA, a local charity based in Chelmsford providing disabled children in the local community the opportunity to learn to ride and interact with horses. The Belsteads School is situated within 11 acres of paddocks and links directly to a 150-acre nature reserve. The curriculum will take advantage of…

Time to direct yourself to D&O Insurance

Heading up a company is not easy. Directors are governed by a plethora of laws and regulations threatening financial exposure and personal sanctions should any breach occur. It may not even be a result of their personal negligence. They may just have been unaware what others under their control and jurisdiction were doing. New legislation…

The silver lining of the ‘Ogden rate’ cloud

The ramifications of Spring 2017’s ‘Ogden Rate’ changes are being felt across the personal-injury-prevalent motor and higher-risk trades, but is this anything to worry about and what can be done to lessen the pain? The Ogden rate is a calculation applied to lump sum payments awarded to those who suffer injuries, the impacts of medical…

How sleep easy is your summer holiday insurance?

Getting the right holiday insurance is extremely important. In the event of a medical emergency or serious incident, it pays to have the right cover. Many an unwary traveller is faced with an unforeseen situation that results in an unexpected cost. Comprehensive holiday insurance can provide you with protection against many events that the typical…

The insurance implications of Britain becoming a nation of fly-tippers

Britain’s landscape is becoming increasingly tainted by the blight of fly-tipping – an escalating issue which puts farmers and private landowners under particular strain and which has the potential to bring about their financial ruin. In June 2017, a House of Commons briefing paper recognised the scale of the criminal activity surrounding the illegal disposal…

The fight for what’s fair: The Equality Act 2010

With new rules on the gender pay gap currently making the headlines, ensuring equality for employees and customers is a growing priority for many organisations. THE ORIGINS OF THE ACT It could be argued that the Equality Act 2010 has its roots in a 17th century piece of legislation – the Habeas Corpus Act 1679,…

Take charge of your online reputation

More than half of British businesses suffer unfair negative reviews, according to research by online reputation management expert Igniyte, but 40% of SMEs never bother to check whether any damaging reviews about their business have been posted online. These worrying figures suggest many of today’s SMEs, lacking an in-house IT or marketing department that can…

Protect Your Plant in The Heat

With the UK seeing nearly unprecedented days of consistently hot and sunny weather, it seems that plant and other equipment has started suffering in the heat. We’ve seen a number of claims recently that have come from engines in plant catching fire on construction sites. We know you understand about maintaining your plant and keeping…

Nightmare Car-Hacking: The remote controlled car

Hostile interventions by hackers in vehicle technology are not science fiction, as various cases have proven with different car manufacturers in the last few years. But what can be done about it? THE NIGHTMARE Imagine you’re driving with 100 other vehicles on a main road. As if by magic, the central locking engages, the radio…

New guidelines expected to increase prison sentence lengths for gross negligence manslaughter

For the first time, specific sentencing guidelines have been published for English and Welsh courts dealing with cases of unlawful act manslaughter, gross negligence manslaughter, manslaughter by reason of loss of control and manslaughter by reason of diminished responsibility. The guidelines will be used for sentences imposed from 1 November 2018, but are retrospective in…

Minding your businesses greatest asset: Mental Health in the workplace

In many workplaces, the time for cultural shifts about mental health is long gone and now it’s a cultural heave that’s needed to propel change. Fifteen years have passed since Xerox CEO Anne Mulcahy first spoke the now well-worn phrase, “employees are a company’s greatest asset”. Despite all those years, can many employers honestly say…

Managing risk and costs during record fuel prices

What’s happening? We all know that the price of crude oil is a constant economic hot potato. Following continued rises in the price of oil, fuel prices are at their highest levels for over two years. Not only this, prices jumped at their fastest rate in 18 years during May, up to an average of…

Make Risk Assessment Your Starting Point

The pressure on businesses to cut out the plastic waste that pollutes our oceans – as dramatically highlighted by Sir David Attenborough’s Blue Planet II has intensified month after month, but for those willing to provide alternatives to plastic, opportunity knocks. Transcend Packaging, based in Ebbw Vale, is a great example. This innovative business spotted…

Learn the Lessons Facebook’s Data Breach Provided

Cambridge Analytica has been a name making global headlines lately, becoming infamous as the organisation which shook the digital world to its roots, following the Facebook data breach that saw the personal information of 87 million Facebook users. Whilst the manipulation of US voters was Cambridge Analytica’s mission, what a company whistle-blower has done is…

More than half of British firms ‘report cyber-attacks in 2019’

The proportion of UK firms reporting a cyber-attack has jumped, despite most businesses admitting they are under-prepared for breaches, according to research from Hiscox. The insurer found 55% had faced an attack in 2019, up from 40% last year. But almost three quarters of firms were ranked as “novices” in terms of cyber readiness. Hiscox…

Is the world ready for autonomous cars?

Announcements surrounding autonomous cars have come thick and fast over the past few years. What is hardly ever mentioned is whether the world at large is ready for them. We’re only talking about fully autonomous vehicles, the fifth and final level of automation, choosing not to venture into the grey area where levels 1 to…

Increasing Knowledge on Application Fraud

Following a recent update from the Insurance Fraud Taskforce, which was set up by the government to help reduce the level of insurance fraud, they’ve recently introduced two new initiatives to help customers understand what fraud looks like and the need to provide correct information when applying for an insurance policy. THE INSURANCE EXPERIMENTS In…

Helping to make the Claims experience less painful

Insurance is often referred to as a ‘grudge purchase’, a necessary evil and something that only really delivers any value if the policyholder is propelled by an accident or incident towards the ‘moment of truth’ – the time at which they have to call on their policy and make a claim. At that point, it…

Ascend are shortlisted for two awards at the British Insurance Awards 2019

We are delighted to announce that Ascend Broking Group have been shortlisted for two awards in the British Insurance Awards 2019. The categories we have been shortlisted for are: Commercial Lines Broker of the Year – SME/Mid-corporate Insurance Start-up of the Year The 25th British Insurance Awards! In this historic year the BIAs will continue…

Ascend move open new office

We recently moved into our new office located within the heart of the Chelmsford Business Park in Chelmsford. Located at 21 Springfield Lyons Approach, Chelmsford Business Park, Chelmsford, Essex, CM2 5LB the new office features meeting rooms, open trading floor and a meeting area. We look forward to welcoming you for a coffee at our…

Escalators: Staying a step ahead in health and safety

There was great excitement among architects in 2011 when Jack Levy, professor of mechanical engineering at City University London, unveiled his plans for the world’s first curved escalator – the ‘Levytator’. Promoted as both safer and more energy efficient compared to standard escalators, some hailed the ‘Levytator’ as a benchmark in the future of escalator…

Don’t Wing It!

Tut, tut. What would Colonel Sanders say? A chicken shop running out of chicken and one of the best-known brands in the world now facing reputational damage and ridicule. Picking through the bones of the sad story of KFC, which has left customers hungry, angry and even ringing police stations for help, after swapping distributor…

Don’t Let a Tax Investigation Bring You Down

An HMRC tax investigation led to technology giant, Apple, being forced to pay £136m earlier this year, but nobody is off HMRC’s radar when it comes to tax investigations, as the many plumbers who ignored the option of an HMRC amnesty will testify. HMRC frequently selects businesses at random for tax investigations. However, companies, firms…

Cyber Insurance is not just a good idea, but an absolute necessity

Cyber-crime is growing at a phenomenal rate and is hardly ever out of the news. Unfortunately, there is a still a sentiment prevalent within some British businesses that “it will never happen to me”, although the reality is that many businesses are being targeted every single day. When we asked one of our insurers for…

Company Collapses Highlight the Need For Trade Credit Insurance

Since mid-January, the news headlines have been dominated by the collapse of the UK’s second biggest construction firm, Carillion. It is said that 30,000 supply chain businesses are directly, or indirectly, affected by its insolvency and inability to pay suppliers. Firms within the supply chain started to tumble like dominoes, as soon as Carillion’s position…

Coffee Guide to Floating Warehouses

Whether it’s a quick espresso, a simple flat white, americano, macchiato, mocha or a frappucino with a dash of vanilla – your drink of choice will go great with our latest coffee guide. (Tea, juice, water, etc. will also probably be fine.) Coffee Customer: I’ve heard the expression ‘floating warehouses’…what are they? You: Floating warehouses,…

Buy-to-Let Market Pressures Increase the Need for Good Insurance Brokers

Seismic change could be underway within a buy-to-let property market that has changed little over the past ten years. A financial squeeze is beginning to be felt by many landlords and September 2017’s rental yields were the joint-lowest (below 5%) since records began in 2001. This market, which has boomed since 1996, when the mortgage…

Six ways thieves can break into a car and how to prevent it

Fending off the techno-thieves THE DAYS of hotwiring cars are long gone. Today’s thieves use a variety of sophisticated techniques to gain access to cars and start the engine. The police, car makers and the insurance industry are playing catch-up as techniques evolve and adapt quickly to modern cars. These measures are having some effect…

Business Insurance – What is it? Do I need it?

Anybody running a business, no matter how small, needs to consider business insurance. Whether you are self-employed or run a small or medium sized business you need a good insurance policy that protects you, your business and your sources of income. Business insurance comes in many forms, including tradesmen insurance, buy to let insurance and…

Building Regulations for Safety

Following the tragic fire at Grenfell Tower, attention is rightly focused on the regulations surrounding fire safety. Ensuring that these are fit for purpose to protect both people and property is a top priority. The Association of British Insurers (ABI) recently called for a change to the regulations and a clearer framework of responsibility for…

Brokers v tick-boxes: The playing field will level

The reasons why clients prefer to use a professional insurance broker, rather than price comparison and aggregator websites, are likely to be reinforced by the end of 2018, as regulators seek to create a more level playing field when it comes to professional standards. For some years now, there have been concerns about the way…

Beware the Insurance Implications of Plastic-Sector Change

The ketchup or mayonnaise bottle is rapidly becoming an endangered species; those types of plastic that cannot be recycled are definitely feeling the squeeze. New pledges on the use of plastics have been issued by a variety of organisations, including every British supermarket. All have promised to ban the unnecessary use of single-use plastic packaging…

Two New Additions to the Ascend Team

Welcome to Daisy Doardo and Alex Patten to the growing Ascend team We have two new additions to the Ascend office in Chelmsford. Daisy Doardo – Commercial Account Handler and High Net Worth Executive Daisy joins Ascend from Jelf where she was a high net worth specialist and has previous experience as an underwriter in…

Winter Risk Management Guide

We have put together information on common risks, from extreme weather damaging buildings and causing dangerous driving conditions, to keeping your staff safe. Plus, in each section there are links to more detailed information and risk assessment checklists, which you can tailor to your business. Plus, in each section there are links to more detailed…

Litigation is the Flavour of the Day in Food Manufacturing

Putting some environmental claims behind its product has landed giant ice cream brand, Ben & Jerry’s, in hot water. A consumer advocacy group, The Organic Consumers Association, says Ben & Jerry’s parent company, Unilever, is misleading the consumer when it comes to its ‘green’ statements. The association alleges the big-name brand cannot claim commitment to…

GDPR, the hospitality sector and CRM

The hospitality sector needs to be on its mettle, as General Data Protection Regulation (GDPR) came into effect on May 25 2018. Accommodation and hospitality providers in possession of information relating to previous guests and customers, perhaps in the form of addresses, credit card details, date of birth and passport number, must safeguard and justify…

New minimum standards for energy efficiency in properties

In April 2018, the Minimum Energy Efficiency Standards (MEES) came into force in England and Wales. These regulations apply to both domestic and non-domestic rented properties, plus mixed-use developments, comprising both residential and commercial premises. Under MEES, it is now illegal for a landlord to let or renew a lease on a residential or commercial…

Commercial Insurance Awards 2019 Finalist

Congratulations to the whole team at Ascend Broking Group for our recent achievements in the Commercial Insurance sector. We are shortlisted for SIX awards at the annual Commercial Insurance Awards 2019 hosted by CIR Magazine.   Categories: Broker of the Year Categories: Regional Broker of the Year Categories: Growth Business of the Year Categories: Initiative of the Year Categories: Claims Team of the Year Categories: Social…

Carillion. The bad-debt domino effect, and how to avoid it

Another construction firm has gone bust, but this time it has attracted more attention than usual. Carillion’s suppliers are said to be owed a hefty £2 billion. This will have a knock-on effect for tens of thousands of businesses. The small firms that handled most of Carillion’s work will sadly be those most affected by…

Data keeping drivers safe on the road by getting to know their good and bad habits

Serious motor incidents involving HGV drivers always make the headlines, whilst a company car driver who carries out a motoring misdemeanour that negatively affects other road users can bring instant shame on the company name. A few years ago, preventing eventualities like this, which could conceivably have been avoided, would have seemed an impossibility in…

Leave no stone unturned with Silicosis Risk Control

Stone masonry is one of the oldest trades in history, but is now also one of the modern-day workplace sectors most under scrutiny, as experts warn that silicosis could become the new asbestos. Silicosis is a long-term work-related lung disease to which anyone working with silica – naturally occurring in materials such as stone, concrete,…

Driving Law: Changes Coming

2018 sees many new driving laws come into force, while other established laws are set to change. Staying on top of changes could help you avoid breaking any laws in the future. Take a look at our vehicle cameras to help your driving CHANGES TO TAX ON DIESEL CARS From April 2018, motorists buying a…

HSE Fees for Intervention – The Disputes Process

CURRENT CONTEXT – the HSE claims it has always had a “proportionate dispute process” since it introduced Fee for Intervention (FFI) in 2012, intended to lay the cost burden of HSE intervention on businesses that break health and safety laws, not on taxpayers. In September 2016, permission was granted for a judicial review of the…

Making the most of online opportunity

MAKING THE MOST OF ONLINE OPPORTUNITY Fundraising encourages charities to be creative and stand out for all the right reasons. A change in public preferences alongside advances in digital capability have pave the way for many new fundraising opportunities. With technology enabling the success of many non-traditional fundraising ideas, we have put together a list…

Blue Planet 2 Hits Out At Plastics

British consumers are showing low levels of tolerance with the plastics industry and the implications for plastics manufacturers go way beyond the issue of what to do with the 3.7m tonnes of plastic waste sent to UK landfill each year. Whilst the public have long frowned upon single-use plastic bags, David Attenborough’s ‘Blue Planet 2’…

Legal News – three items of interest for the construction community

Phoenixing – Construction bosses who phoenix firms could now face fines or bans Construction is one of the UK industries that suffers the most from ‘phoenixing’ – folding a firm to avoid debts then starting up a near identical business with a new name. Now directors who do this could face hefty fines or be…

The rise and rise of modular

The use of modular building is nothing new but it seems to be gathering momentum. Two major companies made announcements recently. Redrow is trialling the use of modular garages at two of its regional divisions. The house builder is also installing service pods to homes at its Paddock Wood development at West Drayton near Heathrow…

Food For Thought When It Comes To Product Recalls

During 2016/17, the Food Standards Agency (FSA) – the food-supply regulator in England, Wales and Northern Ireland – recalled 62 products. During the same period, Scotland’s FSS recalled 82 and the FSA and FSS together issued Allergy Alerts for 88 products. In February 2018 alone, product recalls made food news headlines for a variety of…

Picture Potential With Your Drones

By 2030, it is suggested that there will be 76,000 drones in UK skies – a Sci-Fi lovers fantasy perhaps, but a phenomenon that will be very real and predicted to drive a 3.1% increase in productivity, as well as delivering a saving to the construction industry of £3.5 billion. Site surveys are one area…

Allergen Breaches Can Have Big Repercussions

Whilst many of us may wish for 15 minutes of fame, an Argyll-based hotel has secured its moment in the spotlight by preparing to serve midge burgers, making use of an abundance of wee insects that it can easily remove from its extermination machines. Midge-coated burgers are being touted as a potentially protein-rich ‘gourmet burger’,…

Health and Safety in the motor vehicle repair industry

The motor vehicle repair industry employs 200,000 people in the UK. Most of these people work in small and medium sized businesses. Health and safety records are becoming worrying across the industry. During 2017, there has been a significant increase in the number of impact claims occurring for motor traders at their premises. These claims…

What will Brexit mean for your insurance?

Britain’s withdrawal from the EU is scheduled for March 30 2019 and there will be ramifications in many industry sectors. But exactly how will it impact the insurance markets and company or individuals’ insurance policies? The simple answer is that nobody has an answer. Insurers are currently issuing renewals for dates stretching beyond the date…

The gig economy and changing workplaces

Do evolving attitudes about how we work mean that the insurance provided for businesses is due a rethink? In the past, you would ask, ‘Where do you work?’ when getting to know someone. Now, you’re increasingly more likely to ask, ‘What do you do?’ instead. Attitudes to work are changing. Championed by millennials (who will…

Architectural Security – Designing out crime

If you have been considering a new home build or significant renovation of your property then it is likely that you will begin to seek the expert direction of architects, planners, builders and your insurance broker. In fact, many homeowners are reluctant to consider installing these security systems due to their unsightly nature. However, it…

With over 100 years combined experience, Ascend’s team are the specialists you need!

Policy Wording – Boring? Yes. But important. Of all insurances, those for Contractors are generally the most complex and most in need of specialist knowledge in their arrangement. I am willing to bet: Your Contractors policy wording (Liability and Contractors All Risks) isn’t the best. Why? Because you have your insurer’s standard policy wording and…

New rules to make transport as sustainable as possible

New biofuel targets were introduced in April that aim to double renewable fuel use in the UK transport sector within 15 years. By changing the Renewable Transport Fuel Obligation (RTFO), owners of transport fuel who supply at least 450,000 litres a year will have to make sure their mix is at least 12.4% biofuel by…

The threats and opportunities of autonomous ships

As autonomous cars feature increasingly in the headlines, it seems the world of shipping is not far behind. Currently, Norway seems to be leading the way with collaboration between international technology group Kongsberg and chemical company Yara, in order to build a fully autonomous, electric container ship. The Yara Birkeland, due to be launched in…

Covernotes 2018 Summer Newsletter

Summer 2018 Covernotes Newsletter Please download our 2018 summer newsletter In these covernotes we include: The insurance implications of Britain becoming a nation of fly-tippers Helping to make the Claims experience less painful Data keeping drivers safe on the road by getting to know their good and bad habits Leave no stone unturned with Silicosis…

Get Your Fire Safety Sorted Before Bank Holiday Weekend

Barbecued and smoked dishes have become all the rage with British consumers, whether they head to the upmarket barbecue-smokehouse eatery on the high street to enjoy them, or buy them direct from a meat and fish smokehouse. The craze for barbecued and smoked food started in the USA, but quickly spread to the UK, which…

Buying new vehicles on 1st September?

Then consider GAP insurance if you do not want to owe the finance provider any shortfall on claim settlements. It is an exciting time of the year if you are purchasing new vehicles with the new registration plates available next month. So why not complement your new fleet with GAP Insurance? With 80% of vehicles…

Cyber Insurance a necessity

Every business owner knows that you need to have insurance against fire even though the chances of your premises burning down in a given year are very low. But many business owners operate without cyber insurance although up  to 76% of businesses are hacked every year with the average claims cost of £100,000. It is…

Best Insurance LinkedIn Groups

Social media in today’s world is all consuming, it’s simply everywhere, whether you’re on your desktop or mobile phone, it’s literally a click away. One of the most popular platforms, especially for professionals, is LinkedIn Here at Ascend we love to use LinkedIn not to only to stay in touch with our clients but to…

Ascend present to members of the Willis Towers Watson Networks in Palma

Ascend managing director, Matthew Collins shared his views of the market, the problems with consolidation and why independent brokers provide the best option to clients at the Willis Towers Watson Networks annual forum in Palma, Mallorca on Thursday. Sharing his career experience and observations of the market, Matthew presented to the 86 network members and…

Ascend 24/7 – Our revolutionary client app video

Access your policy documents 24/7 Changing the way you manage your insurance programme We like to do things a bit differently at Ascend and are delighted to advise of the launch of Ascend 24/7 an online client portal and app that allows all our customers to access our back office system. Whether you are looking to change…

Download our underinsurance guide

Underinsurance is a frequently used term in insurance and often associated with ‘Average’ although the two should not be confused. The potential impact of underinsurance in the event of a claim should not be underestimated. The following statistics published by Barrett Corp Harrington for 2007/11 indicate the extent of the problem: • 85% of cases…

Ascend Charity Skydive Team Raise £1,600

On Saturday 19th May Max Collins & James Kemsley completed a 13,000ft Skydive on behalf of local Charity CHESS Homesless. The event took place at Beccles Airfield, Suffolk at UK Parachuting with the team raising over £1,600 from donations. Thank you. Still time to donate  Watch Skydive Trailer CHESS is a small charity which has…

Alpha Insurance (Lima ) Collapse

If your fleet insurance is placed with Lima/Alpha Insurance we have been advised yesterday evening (7th May 2018)  by the British Insurance Brokers Association that they have been declared bankrupt and all policies are cancelled with immediate effect from 5pm 7th May 2018. Lima specialised in the Haulage, Courier, Self Drive Hire and Private Hire…

Top 15 Drivers Tips Checklist

Do you consider yourself a rule-abiding citizen and a good driver? Even if you take care at the wheel, you may be regularly flouting the Highway Code, or breaking the law without knowing it.  Breaking the rules of the road could put you or other people in danger and invalidate your insurance. And offences such…

Employment Law – 2018 information and facts & figures

Working with Coates & Co, specialists in Employment Law, we have been able to provide you with a summary of useful Employment Law facts and figures that will apply from April 2018. This informative summary for 2018/19 gives details of: Employment compensation limits Statutory redundancy Maternity, paternity and sick pay entitlement The national minimum wage…

Directors & Officers Insurance – do you know you could lose your ENTIRE wealth?

Many people mistakenly believe that as a director of a limited company, they have no personal liability in regard to their corporate actions and that is not limited just to directors, proceedings can be issued against people in almost any managerial or supervisory position. Could that be you? The truth is that while most corporate…

Professional Indemnity Insurance

Professional Indemnity (PI) is an essential insurance cover that will protect you against negligence claims from unhappy customers. If you are starting out in business or are an established business providing professional advice for a fee then chances are you will be obliged to take out some kind of business insurance as a condition of…

Plant Insurance – (the bit that dropped off)

It seems that most Contractors (and their brokers) are quite unaware that the cover they buy for Plant and Hired-in Plant is far from the best. Perhaps 99% of Contractors have their Plant and Hired-in Plant insured under a standard Contractors All Risks policy and if you are one of them just ask yourself, does…

Vehicle thefts are on the increase – What can you do?

The number of vehicles being stolen has gone up 30%. In 2013, 66,000 were stolen, that number rose to 86,000 in 2017 and the value of those stolen has been rising. Unless these are recovered quickly – usually via a tracker of some kind, the recovery rate for stolen vehicles is stubbornly low. Evidence suggests…

Time to direct yourself to D&O insurance?

Heading up a company is not easy. Directors are governed by a plethora of laws and regulations threatening financial exposure and personal sanctions should any breach occur. It may not even be a result of your personal negligence. You may just have been unaware what others under you control and jurisdiction were doing. Many people…

5 steps to an accident free Easter egg hunt

Easter egg hunts can be a fantastic way to raise funds – the upfront costs are minimal, it is an enjoyable way of getting people involved in your cause and there are tasty prizes for everyone involved. It is a good opportunity for all members of the community, regardless of age, to come together and…

Construction – Problems with Products

What is Part Product? In the last few weeks I have seen trade advertising from different major insurers announcing that their Construction policy now has an optional extension for what is known as Part Product. Well, this is not something new as I have been including this important extension since the early 1990’s. Liability Insurance?…

How would losing your driving licence affect your life?

Losing your driving licence can have dramatic implications to your professional and personal life – that is why you should consider our Loss of Licence Defence insurance product that will pay for a specialist solicitor and legal fees when defending or challenging a motoring conviction. This policy is ideal for anyone that: ❖ Drives for…

Guide for employees driving in the snow

What simple steps can you take to keep your business, employees and the public safe during severe snow? Download Employee Driving Tips • Steps should be taken to make sure that water pipes don’t freeze – especially outdoor pipes. If any external pipes aren’t used in the winter, their water supply should be switched off…

How To Safely Walk On Ice

With more snow forecast this week, you’re likely to encounter a bit of ice. As well as meaning the weather is going to be on the chilly side, ice also poses an issue when it comes to walking for yourself, staff and members of the public. All it takes is for you to step incorrectly…

Water damage – over 25% of all claims originated from this risk

In 2016, escape of water contributed to over a quarter of all domestic property insurance claims, ranking above ‘weather’ and ‘fire and explosion’. Between January and September 2017, these claims totalled £483m – an increase on the previous year. However, it’s also an issue in the commercial space. The continuing rise in escape of water…

Business Description – A Cautionary Tale

Does your business description on your policy documentation fully describe all your business activities? We often discover inaccurate or incorrect descriptions which could make a policy void in the event of a claim, we explain more ….. A man is working on a building site somewhere in Essex. A trained operator, he is digging a hole…

Construction mistakes – The use of subcontractors

Ian Lawley, Technical Director at Ascend Broking highlights some areas that need consideration when employing subcontractors and the potential exposure to your insurance arrangements. Many clients use subcontractors in the course of their business. This is quite normal of course and the client will expect to be insured for their use. But do they know…

Hauliers Liability – The importance of arranging the correct cover for your business

Simon Horton, Transportation Director at Ascend Broking takes a look at a hauliers responsibility for customers goods whilst they are in your care, custody or control. Hauliers are liable for loss or damage to goods at Common Law unless you operate under conditions of carriage or unless a statute applies. To carry under common law…

Two new motor fleet insurers enter the UK market

Following the withdrawal of a number of motor fleet insurers in 2016/17, January has seen two new entrants utilising a select distribution network, one exclusively providing terms only with the use of forward thinking technology. We provide a brief overview as to how a different approach to the way you purchase motor fleet insurance can…

Cyber Liability Insurance Explained – Our Free eBook

Cyber crime is continuing to increase and so are the insurance products available to you from insurers. But not all are the same. So how do you know what the right coverage and risk management policy is going to be right for your business? To help you through this process Ascend have put together an…

Business Interruption – Indemnity Periods

Business interruption provides cover for the loss of profit or loss of revenue following damage or disruption to business premises. This can also include the supply chain that prevents a business from trading normally or prevents trading altogether. Matt Price Broking Director at Ascend Broking Group explains why it is important to understand what an…

How to get the best price for your Haulage Motor fleet

Specialist insurance for the Transportation and Haulage sector needs a unique approach. It is important to engage a broker that has a specialism in your industry. They  must have the knowledge and expertise in your business sector and be able to provide you with full market access. But how can you ensure you are able to obtain the…

Engineering Inspection Insurance

Engineering inspection of plant and machinery is essential to ensure the safety of employees and the general public. It will also ensure your business meets the statutory requirements for workplaces in the UK. Evidence of compliance with health and safety law is very important if customers are to avoid interventions from the HSE. An engineering…

New Year Resolution No. 1 – underinsurance and how it can leave your business seriously exposed

As part of our New Year resolution tips we tackle underinsurance. Many businesses find themselves underinsured at a time of loss and only receive a fraction of the true value of a claim. It is thought that up to 80% of the UK’s commercial properties are underinsured and 40% of businesses underinsure their business interruption…

Preparing for high winds

Your brolly’s inside out, you’re leaning into the wind to walk but getting nowhere while rain lashes, sticking your clothes to your body. That’s stormy weather for you. A broken brolly’s not the end of the world and clothes dry out, but when winds are strong enough to damage your home it’s often a bit…

Ascend Monthly Newsletter December 2017

In this month’s newsletter we cover: – Ascend 24/7 – Launch of telematics equipped cars – Preparing for winter – What you need to know about GDPR – Cyber insurance – Simon Horton joins Read The Full Newsletter Online Contact one of our consultants to find out more on any matter. 01245 449060 info@ascendbroking.co.uk

Simon Horton joins Ascend to head up Transportation & Logistics

We are pleased to announce that Simon Horton has joined Ascend as Transportation & Logistics Director  to oversee our continued growth in the haulage, car transportation, freight and associated trades. Simon has over 20 years transportation broking experience having held a number of high profile market positions, most recently as deputy managing director at Arthur…

Covernotes Winter 2017 Newsletter

Winter 2017 Newsletter Please download our winter 2017 newsletter Winter covernotes 2017 In this months Covernotes we cover:- Motor Vehicles: the new instruments of terror Weather-proof your business against the winter Social engineering, spear phishing, whaling…the latest trends in cyber-crime Are you GDPR ready? Recovering after a flood How would you handle a product recall?…

11 ways keep burglars at bay over Christmas

Make sure Santa Claus is the only person sneaking into your home over Christmas by following these festive security tips. As Christmas approaches, homes will be filled with gadgets and expensive gifts. But just as you are looking forward to giving and receiving those festive goodies, burglars are looking forward to stealing them from you.
…

Ascend launch fleet of telematic equipped vehicles

The first of our Ascend branded motor cars arrived a few weeks ago, you may have seen them around! These are equipped with state of the art telematics camera systems that we are happy to demonstrate to you or any fleet operator. These systems are not standard SD card systems but communicate directly to our chosen…

What every business should know about GDPR

SMEs need to take notice now and act ahead of the new GDPR regulations coming into force in May 2018. A new data privacy law will be introduced in May next year and  we look at the key things every small business in the UK needs to know. The new law is called the EU…

Haulage Driver shortage – 50,000 new drivers needed in the industry

The RHA have advised that the industry has a shortfall of between 45,000 and 50,000 drivers and the situation is getting worse. Thousands of older drivers are leaving the industry and younger people can’t afford to get a truck licence. More than 85% of all goods bought in the UK are carried by a lorry…

Preparing for winter – risk management bulletin

As we head towards winter, it can conjure the spectre of cold and wet weather that at best makes a walk to the shops a misery and at worst can wreak costly havoc on your home. Cold weather can be a challenge for owners of older and larger properties. So what simple steps can you…

Ascend November Monthly Newsletter – Free technical advice

Review our monthly newsletter Ascend wants to improve the insurance experience for all, client or not. Register with us and we’ll be happy to offer our opinion on ANY General Insurance related matter. • How do I get cover for? • Am I paying too much? • Is my cover right for me? • Are…

Ascend welcome Ian Lawley as Technical Director

We are pleased to announce that Ian Lawley has joined our growing team at Ascend as Technical Director. Ian is well known within the insurance industry having held a number of high profile positions within both independent and multinational brokers. Recently he has overseen the development of insurer rating engines and policy wordings in specific…

Business Interruption – 40% of policies are underinsured

Inadequate business interruption insurance cover can seriously impact the ability of a business to recover following a loss. However, business interruption is a notoriously difficult area to understand and The Insurance Institute of London estimate that around 40% of policies are underinsured. The problem arises due to misunderstandings of the term ‘gross profit’. The definition…

Flood – The risk and how insurance will respond

Many of Britain’s business owners have witnessed the devastating effects of flooding. The need for adequate insurance cover and business continuity planning has never been more apparent. Insurance can be arranged to cover both the physical damage to your property and your business’s loss of income as a result of certain specified incidents. Check your…

What is fleet insurance

What Is Fleet Insurance And What Does It Cover? Fleet Insurance is designed for businesses with multiple vehicles, to have them all on one policy. Whether they are cars, vans, minibuses, trucks, taxis or HGVs, there are 3 levels of cover to choose from:- Comprehensive Third Party, Fire & Theft Third Party Only Generally these…

What is a retroactive date on professional indemnity insurance?

If you purchase any kind of professional indemnity insurance then the chances are you will hear the phrase ‘retroactive date’ at some point when arranging your professional indemnity insurance cover. This is an important area which many businesses overlook when placing professional indemnity cover. A retroactive date is generally the date from which you have…

Cloud security – onsite security vs cloud

Cloud security. It’s one of the most frequently cited concerns for businesses that are considering moving their applications and data to a cloud provider. The common belief is the company’s data is more secure on company-owned servers at onsite data centres. But how true is this? Are data centres more secure because they’re on a…

One reason not to just focus on price – claims examples

Many decisions on purchasing insurance are made purely down to price. The claims scenario below is a real situation that occurred, the 2 responses below show how two different policies would respond to the same claim. In this instance, the client had the wider cover and was extremely glad they opted for the better product!…

Ogden table update – how large claims are calculated

The government has intimated that they will soften their stance on the announcement in March 2017 regarding how large personal injury claims are calculated. Back in March, large claim calculations had a provision built in that there would be no investment return on lump sum payments and infact the settlement would reduce by 0.75% each…

5 tactics cargo thieves use and how to help prevent them

Technology continues to transform cargo theft, as companies work to stay one step ahead of highly strategic cargo heists, from creating fraudulent companies to arranging for fictitious pickups. Being aware of current theft tactics can help haulage and freight companies more effectively protect their cargo and prevent interruptions to their supply chains. Thieves that commit…

Executive family motor fleet – don’t settle for standard insurance cover

Are you looking for that something extra? Most standard insurance policies just will not provide you with the cover and flexibility you need. Whether you’re looking to insure your family fleet of cars or just the one, we can tailor cover just for you. We are able to cover a range of cars from prestigious…

Home Cyber Protection – how secure are your family?

Modern households are more connected than ever – from your computers and phones, to entertainment systems and even household appliances and equipment. While these connections have made our lives simpler and easier, they have also opened up homeowners to a new range of personal cyber risks. What would you do if your home network was…

Business Protection – this is more than just key person insurance

What is key person protection? At the heart of every successful business lies a core of senior executives and key employees. Could you or a key individual be replaced quickly and your business continue trading profitably in the event of a sudden death or critical illness? Key Person Protection helps safeguard a business against the…

5 ways to improve your motor fleet and reduce premiums

These 5 easy to follow tips could help you improve your motor fleet claims experience and reduce you fleet premiums. 1. Motivate your drivers Motivating drivers to perform well can be a highly effective method of reducing risk and accident frequency. Awards such as “best driver of the month” or end of year accident free bonus schemes…

When should you use telematics in your vehicles?

Today’s telematics systems are helping reduce claims reporting times to insurers from the traditional average of 30 days to in some cases to 1 day. That is why more and more businesses are fitting our recommended telematics devices in their vehicles as they look to reduce their fleet risk and reduce insurance costs. These devices can…

5 reasons why you might need to review your public liability insurance

Where there’s blame there’s a claim, goes the saying and the UK seems no less immune to the thriving compensation culture. Increases in the way personal injury claims are calculated click here and the impact this will have on your business means you really should review the cover that you have in place. In 2016/17the…

All you need to know about Marine Cargo Insurance – White Paper

Matt Price, Broking Director at Ascend Broking provides a detailed overview on all you need to know on marine cargo insurance. Whether you need cover on a case-by-case basis, an annual policy or are even not sure what you should arrange cover for, we explain all in our new marine cargo white paper. Click Here…

Protecting your business against cyber-attacks

In May 2017, “WannaCry” ransomware reportedly hit over 200,000 computers in 150 countries, affecting many NHS Trusts in the UK. Operations and appointments were cancelled and ambulances diverted as up to 40 hospital trusts became infected by a ‘ransomware’ attack demanding payment to regain access to vital medical records. So what is the reality of…

Personal accident and business travel – essential cover

Interruption to your workforce, whether through travel disruption, injury or death, could result in significant financial loss, which is why Personal Accident and Business Travel Insurance are essential for today’s SMEs. As a small business, wage roll is probably your biggest expenditure and employees your most valuable resource. Although businesses insure physical assets, such as equipment,…

7 Reasons why you should embrace Professional Indemnity Insurance

If you’re not sure if you need professional indemnity insurance, here are some reasons that might help make things clearer for you: You provide advice and consultancy Clients can claim compensation if there’s a mistake in the advice you have given.  You provide an expert service In case you make a mistake in designs, plans…

10 practical ways to keep your IT systems safe and secure

Keeping your IT systems safe and secure can be a complex task and does require time, resource and specialist knowledge. Here are 10 practical steps to keep your IT system secure click here If you have personal data within your IT system you need to recognise that it may be at risk and take appropriate technical…

Why choosing a specialist insurance broker makes a big difference

Working with a specialist insurance broker not only helps you understand your exposures and arrange comprehensive cover, but will also enable you to access specialist markets that can provide you with competitive cover. Each industry sector has a diverse range of circumstances to take into consideration when arranging insurance. There are many aspects that are…

6 steps to helping you determine the correct Employers’ Liability cover

Employers’ Liability (EL) insurance is compulsory for any business that employs staff. Great care should be taken when choosing limits of indemnity, especially following recent changes to personal injury law. While the statutory minimum is £5m, and today’s policies tend to start at £10m, many customers will need a higher limit to adequately meet their needs.…

Directors & Officers Case Study – Technology Company

Many people mistakenly believe that as a director of a company, they have no personal liability in regard to their corporate actions, however that could not be further from the truth. Click here to see our case study Directors & Officers Insurance for tech IT Contact us on 01245 449060 to find out more

Managing risk at a fundraising event

Hosting a summer fundraising event can be a fun and enjoyable way to raise funds for a charity. Unfortunately, a number of things can go wrong, from somebody having an accident to a bad case of rain stopping play. Ascendmanagingfundraising Thankfully, there are some effective risk-management strategies that can reduce the likelihood of something going…

10 reasons why you should use a high net worth specialist

Here are 10 reasons why you should use a high net worth specialist. Expertise You can approach us with all of your insurance queries. As specialists in high net-worth insurance we understand the type of lifestyle you lead. We have experience in arranging cover with specialist markets that will fit your family requirements. We speak…

When did you last have your jewellery insured?

When did you last have your jewellery valued?  It is so important to make sure your jewellery and other assets are insured for their correct value and are kept up to date so that an insurance claim can be settled swiftly without a sorry story. High Net Worth Quotation It is estimated that 90% of…

Motor Fleet Risk Management

Motor Fleet Management Managing a motor fleet is exhausting work. Whether your business’ fleet consists of five or 500 vehicles, gathering them all together and managing their collective risk can feel like an endless exercise in futility. While addressing one specific risk, three more different risks can pop up, all demanding your immediate attention. Instead…

Here’s the question: Are you paying too much for the wrong cover?

Some businesses are purchasing insurance policies for £1. Well that is quite not true,  but in some cases they should have paid that amount as some policies are almost worthless due to underinsurance. We are helping businesses like your own quickly highlight the weaknesses in their present programme structure and can provide an exclusive alternative…

Marine Cargo Insurance – Things that are often misunderstood or even overlooked

Case Study – Relying on Haulier’s Insurance Relying on Haulier’s cover – don’t do it. We were introduced to a company who until recently did not purchase Marine Cargo Insurance, and were left out of pocket following a claim. They incorrectly assumed as they were using a Haulage Company to move their goods that loss…

Driver Prosecution Defence Product – specialist legal advice defending prosecution

Ascend Broking Group have launched a new drivers prosecution defence product aimed at drivers facing:- Speeding Tickets Allegations of Careless Driving Other Motoring Offences Many people struggle to deal with what can be a confusing whirlwind of paperwork, legal processes and police interviews. Without the right advice and assistance many of those drivers may risk…

High Net Worth Case Studies – the proof

Case Study 1 – £30,000 engagement ring uninsured by existing policy Ascend Executive were contacted by a prospective client as they were unable to insure a newly purchased engagement ring through a well known insurance broker (both the broker and insurer had failed to respond to the client with a suitable solution for 2 months after the…

Self Insurance – A boost to your cash flow – but is it also risky?

For larger more complex clients self-insuring can be a very effective means to enhance cash flow or insure parts of their operations that are difficult or very expensive in the traditional insurance market, but is not without risk. One option for businesses with a strong balance sheet is to look at their own self retention…

Insuring your historic building during repairs and alterations – part 1

This article is taken from the forthcoming Historic Buildings Ascend White Paper If you own an historic building, whether it is a stately home or an old cottage, a standard insurance policy from a general insurance provider will fall well short of expectations if you need to make a claim. If your building is also…

Ogden tables – what can you expect to change for the remainder of 2017

The UK motor fleet and liability market is reeling from the effects of the change in Ogden discount rate that came into effect from 20 March 2017. But what can clients expect to happen with their insurance renewal rates now? And what will happen in the future, read on to find out more. What is…

Equity Red Star will not be offering renewals on general haulage with effect from 1st June 2017

Equity Red Star are planning to withdraw from the General haulage fleet and courier insurance market from 1st June 2017 Insurers are counting the costs of the Ogden discount rate reducing to -0.75% and in a market where some general haulage and courier insurers are operating at a loss, ERS have taken the necessary but…

General Data Protection Regulation – The Countdown Is On

25th May 2017 marked the one year countdown to the enforcement of the European Union’s General Data Protection Regulation (GDPR). It has been four years in the making and its effects will be significant. The GDPR is not only wider in scope than the existing 1998 Data Protection Act but also in terms of the…

Protecting your home and lifestyle.

For high net worth individuals, buying insurance cover off the peg or via the Internet is a fundamentally flawed strategy. These policies have too many restrictions, clauses and inner limits to protect a busy modern family. For most people, their family home is one of their biggest investments. It isn’t just somewhere to live; it’s…

How telematics can help reduce fleet costs

How Telematics Can Help Reduce Fleet Costs. Technology has come a long way since the early telematics systems of 10 years ago. Real time video of actual or potential accidents can be instantly sent to your fleet centre and insurance company and this is helping reduce cost making it easy to get the right information…

Business Continuity Planning in 4 Steps

There are many reasons why your company needs a business continuity plan. Having a strategy – before an event happens – helps to maximize the chance your business can recover while minimizing the loss of property, life and assets. Developing your business continuity plan should be a thoughtful process resulting in a plan that can be…

Construction industry data is more valuable than you think

Think about your client base, the sensitive information that you hold on current, past and future projects. The leaking of market-sensitive information, intellectual property or other confidential information could have serious financial consequences which could cause your business  highly publicised and embarrassing public relations, or worse, these security breaches could cost your business lost clients,…

10 Cyber Resolutions

As you may be aware, there has been an outbreak of a ‘ransomware’ type of computer virus called WannaCry, affecting users in many countries around the world. These have included firms such as FedEx and many NHS trusts. It is believed to have led to 57,000 infections in 99 countries. Ransomware is a type of…

Control of Major Accident Hazardous Regulations – How the HSE prioritise site vists

This infographic explains how the HSE site visits are prioritised. Below are steps to help you stay compliant with the Control of Major Accident Hazards Regulations 2015 (COMAH) and keep you abreast of the Health & Safety Executive (HSE)’s approach to enforcement. 1.The HSE collects information about your site Hazards Activity you undertake Your location.…

All you need to know about collateral warranties

When dealing with construction projects and contracts we often hear about Collateral Warranties. But what are these and what do they mean for your insurance programme? Collateral Warranties are used due to extend the responsabilities beyond contractual obligations towards third parties involved within a certain project. However, how can your business be certain that your…

Specialist Insurance for the Transport Sector

As a specialist transportation insurance provider we understand the risks facing operators in the road and marine industries and can either provide products that meet the your property, business interruption, liability, goods in transit and motor needs or construct bespoke cover tailored to your specific requirements. Specialist advice makes the complex job of arranging insurance…

Why all businesses require Directors and Officers insurance

Directors and Officers liability insurance (D&O insurance) provides financial support and defence against potential investigations into the behaviour of your executives and the possibility of them being sued. Without such insurance, the company will be left to pick up the tab from their own resources. Or, failing that and more worryingly, it can often be…

5 Typical causes of workplace electrical incidents

Unsafe electrical safety practices in the workplace can kill. Healthy Working Lives reveal that each year around 1000 electrical shocks or burns are reported to the Health and Safety Executive (HSE), 30 of which are fatal. For those who escape this fate, their future is still often blighted by permanent injuries. There are still too…

Spring Newsletter 2017

Featured in our Spring 2017 newsletter :- Are you ready for a cyber-attack? Managing small fleet risk Insurance premiums on the increase Landlords! Are you ready for the new energy rules? Export market opens up for SMEs Download Spring 2017 Newsletter

KEY FACTS – Unrated Insurers

  KEY FACTS –The reason for company failures 35% due to insufficient reserves 21% due to rapid growth (under pricing) 10% due to alleged fraud  High profile collapses Gable 2016 – 200,000 policyholders Enterprise 2016 – 48,000 policyholders Quinn 2010 – 1.3m policyholders Make sure the insurer is approved by the Financial Services Compensation Scheme…

What is your insurance brokers history with insurer collapses?

The old saying that “you get what you pay for” runs very true with insurance and is magnified by a number of high profile insurer collapses in recent years such as:- Gable                                 Enterprise                                                   Quinn                                 Lemma  Balva ERIC And many more…. All of these companies have become insolvent where their capital has been eroded to a…

Breakdown of cold storage facilities can have a major impact on profit

Many businesses use cold storage facilities to store goods including foods, flowers and pharmaceuticals. The smallest change in temperature in these facilities, for example due to a mechanical failure, can lead to a rapid deterioration of such stocks. Standard commercial insurance policies might not cover the value of stock lost in such scenarios, which is…

Insurance Premium Tax will increase by 2% in June 2017

As reported in the Autumn Statement 2016, the IPT, a tax on general insurance premiums, will increase from 10 to 12% in June 2017. This increase means the IPT has doubled in fewer than two years, as it was 6% in October 2015. When this latest increase was announced, the Association of British Insurers called…

So why could motor and liability premiums increase?

Last week, Lord Chancellor Elizabeth Truss announced a new discount rate of -0.75% for personal injury awards from the current +2.50% with effect from 20th March 2017 (per annum). This will mean an increase in claims payments for any personal injury claims and will affect motor and liability policies with immediate effect. This is one…

Cyber Insurance and why it is a necessity

Every business owner knows that you need to have insurance against fire even though the chances of your premises burning down in a given year are very low. But many business owners operate without cyber insurance although up  to 76% of businesses are hacked every year with the average claims cost of £100,000. It is…

Can You Afford Not To Talk To Us?

We are commercial fleet insurance experts with a reputation for providing the best terms available – please contact us today for a FREE quotation Whether you run a few vehicles or manage a larger fleet, they are critical for the success of your business. We can help you protect them but give you a competitive edge at the same…

Risk Based Inspections – The Essential Skill You Need

The essential team members and skills you need to implement risk based inspection RBI The right team members and skills are the foundation of any successful RBI process and we hope this eBook will provide you with useful pointers as to what you should look for. To find out more about how we can help…

Does Your Organisation Want To Improve Profitability?

We specialise in helping business improve profitability.

Key Facts – High Net Worth Personal Insurance

KEY FACTS – High Net Worth Household Insurance                                                  1. 50% of homes are underinsured Avoid this through our appraisal service/full cost damage & rebuild 2. Automatic agreed value approach From day one all possessions are covered on an agreed value without quibble—this includes motor vehicles and not the market value at time of loss. 3. All…

Protect yourself from unpleasant surprises at time of loss

A standard household or family fleet product may look appropriate from the outside but in most cases they are just not suitable for the busy lifestyle of a high net worth individual. These policies generally are not underwritten to include things like:- full cost of property damage & rebuild worldwide contents cover including accidental damage…

Local Football Team Sponsorship – Broomfield FC

Ascend are delighted to sponsor the U10 team. For the 2016/17 season. After a devastating fire at the Broomfield Football Club two years ago which has meant that the club have had no clubhouse or facilities, last month the new clubhouse at last was opened. Broomfield Football Club was established in 1905 and runs teams…