Categories for Business Insurance

The Insurance Cover You Need If You’re A UK Small Business.

July 3, 2017 1:39 pm

Whatever sector you operate in, having insufficient insurance could damage both your bank balance and your reputation. So don’t get caught out… With 99% of UK businesses considered ‘small’ and having fewer than 250 employees, it is important to have the right insurance cover in place for any eventuality; particularly if you operate in retail, food or hospitality, where you need to think about what accidents could happen and how you could be liable for damages. The impact of a lawsuit can be hugely expensive and detrimental to your business and its reputation – so having the right cover is...

Cyber Insurance

May 21, 2015 3:31 pm

Regional cyber report The subject of cyber-crime and surveys of it are understandably national or global because of the nature of cyber; but what of regions? According to a Lancaster University report, organisations involved in health, transport, professional and scientific sectors are at significant risk to cyber-crime. Companies involved in advanced engineering, manufacturing, finance and insurance, business administration and support services, as well as public administration and defence organisations, are also vulnerable to large financial or critical information losses. The report, commissioned by Lancaster University’s Security Lancaster – an EPSRC-GCHQ Academic Centre of Excellence in Cyber Security Research – also identified that...

Deaf workers accused of ‘new whiplash’ claims in insurance fraud

March 21, 2015 3:28 pm

Firms are dismissive of complaints by employees who have suffered hearing loss in the workplace. Compensation claims for industrial deafness have risen by two thirds over the past two years, according to insurance and legal experts. Despite the increase, however, only one in 10 cases are being paid out amid claims of widespread fraud. An estimated 80,000 claims were made last year, compared with 55,000 in 2012, according to the Institute of Actuaries. With only 10 per cent successfully receiving pay-outs, Industrial Deafness cases have been dubbed “the new whiplash” by some insurers. AXA insurance had more claims for industrial...