The insurance market is changing… what can you do about it? The insurance market operates in a similar way to many other marketplaces, in that it uses simple supply and demand principles. When there is an over-supply of product (too many insurance companies), prices are driven down; when supply is reduced or demand increases,…
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Tag Archives: ascend risk management
What are your options for reducing your fleet numbers?
What are your options for reducing your fleet numbers? The current uncertainty in the haulage industry is causing people to think about their current fleet numbers. With a potential downturn in business, with driver shortages or just a reduction in volumes, it’s best to know your options so you can make the best decision. Own…
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Achieving profitable growth through long-term partnerships
Achieving profitable growth through long-term partnerships Over the past three years, Regions MD, Lee Mooney and, Sales & Distribution Director, Alex Hardy, have overseen a relationship model which has provided a strong partnership for brokers and exceptional growth balanced on sustainable profit. This success has been based upon doing things differently, building long-term partnerships and…
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Assessing health & safety risks – Covid-19 guide
Assessing health & safety risks – Covid-19 guide When changing operations and ways of working, a key part of the decision-making process involves the assessment and management of risks. During this unprecedented time, it is crucial to carry out suitable and sufficient risk assessments. Organisations must do all they can to keep up with the rapidly…
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D&O insurance explained
D&O insurance explained 5 key insurance issues Increased corporate governance means more D&O exposures D&O insurance covers claims resulting from managerial decisions that have adverse consequences D&O insurance is a complex cover requiring attention to what is and isn’t covered Common risk scenarios include failure to comply with regulation or laws, reporting errors or misrepresentation.…
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The changing regulatory landscape in the UK and emerging risks
The changing regulatory landscape in the UK and emerging risks Historically, D&O risks were weighted towards securities litigation in North America, with many other territories experiencing a benign claim environment. This has changed in recent years. According to Chubb’s own data, the average large loss cost for D&O policies in the UK has tripled and…
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Employers Liability claims in relation to COVID-19
As restrictions ease over the coming months businesses should be aware of potential Employers Liability claims in relation to COVID-19. This useful guide for employers includes preventative measures businesses can take to help manage these types of claims. Working from home It was supposed to be temporary, then it became less temporary, now many businesses…
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Assessing health & safety risks through the pandemic and beyond
Assessing health & safety risks through the pandemic and beyond When changing operations and ways of working, a key part of the decision-making process involves the assessment and management of risks. During this unprecedented time, it is crucial to carry out suitable and sufficient risk assessments. Organisations must do all they can to keep…
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Assessing health & safety risks through the pandemic and beyond FAQ
Assessing health & safety risks through the pandemic and beyond FAQ What COVID-19 hygiene plans need to be implemented? A risk-based approach should be applied to cleaning areas likely to be contaminated. The findings of the work activity and site risk assessment should influence cleaning and disinfecting plans (what, how, when, who, etc). Reference…
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Managing Escape of Water Risk in Residential Premises
Managing Escape of Water Risk in Residential Premises What do property owners and managers need to do? Within the residential setting, there is no one thing that will prevent an EoW loss. A loss is usually a culmination of several adverse actions / factors. Therefore, in order to reduce the likelihood and severity of an…
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