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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Tag Archives: ascend broking
Organised crime gang members sentenced for stolen vehicle export scam
Six men have been sentenced to a total of 20 years for their part in supplying and exporting stolen vehicles to Northern Cyprus. The City of London Police, who led the investigation, identified in excess of 120 stolen vehicles linked to the organised crime group, with losses to industry of around £5 million. The men…
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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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Why construction should embrace technological advances
Construction is one industry that has been slow in embracing the considerable technological advances that the past decade has seen. Advancements have allowed for sites to be safer and more efficient. Technology also diminishes risk in many ways and as the country eases itself out of lockdown, technology extremely valuable. Many companies are increasingly turning…
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Why app-based systems are essential for motor fleet policies
Technological advances for motor fleet policies span far beyond telematics and driver assistance systems. New ways of connecting drivers to insurers directly allows for comprehensive gathering of data that can help claims. Cloud-based technologies, such as the Ascend Claims App, allows policy holders to upload pictures and files immediately so that insurers can access them.…
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Cyber insurance is set to become vital after Covid-19
Although most businesses have always seen cyber insurance as a necessity, many will now realise its utmost importance in keeping them protected. The risk of cyber attacks has grown exponentially due to many working from home, leaving small businesses vulnerable to attack. Since 2015 there has been a 300% increase in small and medium size…
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Ascend’s new invoice insurance proves popular
Ascend’s new style credit insurance has proved popular and has made its way onto Business Wire in Essex. Our new credit insurance protects small and medium sized business against a client with outstanding payments going insolvent. Read more about credit insurance here. You can view this latest piece in Business Wire in Essex by clicking…
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Essex kick off T20 campaign today
Essex start their Vitality T20 blast campaign against Middlesex tonight at Chelmsford. Essex Eagles, who are the current holders of the trophy, look to continue their fantastic unbeaten record in all competitions so far this year. With the likes of Simon Harmer and others in the squad we are confident they will perform yet again.…
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Are companies looking to rely on remote working?
An online survey of insurers’ changing priorities as a result of the COVID-19 pandemic by consultancy firms show a major focus on remote working for 2020 and 2021. The survey, which covered around 25 insurers globally, took place between 31st May and 11th June. Only 8% were very confident that the coronavirus pandemic will be…
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5 tips to keep employees safe when returning to work
As businesses return to work across the country, many employees will be worried about safety. Follow these five tips to keep your business safe and give your employees peace of mind. 1 Install hygiene screens – these will prevent contact between employees sitting next to each other at desks. By creating this barrier between work…
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