Tag Archives: risk management


The Insurance Impacts of 2019 Novel Coronavirus
February 26, 2020

The Insurance Impacts of 2019 Novel Coronavirus

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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,…

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10 reasons why you should consider D&O Cover
September 29, 2019

10 reasons why you should consider D&O Cover

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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…

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Is your business at risk of underinsurance?
September 1, 2019

Is your business at risk of underinsurance?

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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…

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Why Defamation Cover Should Be Considered By All
August 26, 2019

Why Defamation Cover Should Be Considered By All

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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.…

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Water, Water Everywhere: Escape of Water
August 19, 2019

Water, Water Everywhere: Escape of Water

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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…

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Tradesman Liability Insurance – Why is it needed?
July 29, 2019

Tradesman Liability Insurance – Why is it needed?

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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…

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Time to direct yourself to D&O Insurance
July 22, 2019

Time to direct yourself to D&O Insurance

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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…

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The silver lining of the ‘Ogden rate’ cloud
July 15, 2019

The silver lining of the ‘Ogden rate’ cloud

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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…

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Make Risk Assessment Your Starting Point
May 6, 2019

Make Risk Assessment Your Starting Point

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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…

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Helping to make the Claims experience less painful
April 8, 2019

Helping to make the Claims experience less painful

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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…

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