Many contractors are now asking their subcontractors to have Professional Indemnity insurance in place to secure contracts. But what is it and what do you need to consider? Professional Indemnity (PI) insurance provides: 1. Source cover from a reliable, long-term insurer – with the PI market open to transitioning from a soft market to hard…
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Category: Professions
The recent COVID -19 High Court ruling
The recent COVID -19 High Court ruling. This provides some clarity for customers’ business interruption claims caused by COVID-19 pandemic. The Background Following interruption to businesses due to the pandemic, insurers were showing inconsistency in dealing with claims. Many business interruption covers only provided property damage cover. However, some policies had infectious disease extensions or…
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Ascend launch new style credit insurance
Ascend Broking Group have launched a revolutionary new credit insurance facility on a per-invoice basis from just £5.60* per policy, making it much more affordable and than traditional credit insurance. Credit insurance allows your business to grow by offering credit terms to new buyers, knowing that you’re protected if things don’t go to plan. It…
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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…
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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…
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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…
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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…
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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…
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Why Professional Indemnity Insurance Is Essential
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…
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