Categories for Uncategorized

April 23, 2020 2:06 pm

The Risks of Working From Home You may be aware of the potential problems with staff working from home and the increasing issues of cyber crimes with criminals taking advantage of the lack of Firewalls and launching various fraud and phishing campaigns etc at this present time. Since February 2020, the National Fraud Intelligence Bureau (NFIB) has identified 105 reports of fraud where coronavirus or COVID-19 was mentioned, with victim losses totalling over £970,000. The majority of reports are related to online shopping scams where people have ordered protective face masks, hand sanitiser and other products which have never arrived....

10 things that can accidentally invalidate property insurance

April 20, 2020 1:11 pm

The nightmare scenario for anyone making an insurance claim is having it turned down, leaving them without any financial help to put things right. If the claim is only for a few hundred pounds, this might not be such a problem; but imagine if your house burns down, and you can’t claim to have it rebuilt? Here are some tips to help you make sure you are not accidentally invalidating your insurance policy. Locks on windows and doors – You need to accurately describe the types of locks your home has, otherwise you risk invalidating your cover. Leaving the key in the...

Travel industry faces record insurance pay outs as holidays and flights are cancelled

April 6, 2020 1:04 pm

Record insurance pay outs totalling at least £275 million will be made to travellers due to the coronavirus crisis, according to industry estimates. The Association of British Insurers (ABI), which made the calculation, said this is the expected total as payouts continue in the coming weeks and months. It means coronavirus-related payouts will dwarf the £62 million-worth of payments made for cancellation and disruption following the Icelandic volcanic ash cloud in 2010. The vast majority of coronavirus payouts will be for cancellations, the ABI said. It said the expected total will easily surpass the highest annual figure for cancellation payouts...

How To Cut The Cost of Your Household Insurance.

March 23, 2020 1:03 pm

What do you need? Home insurance comes in two parts: buildings insurance and contents insurance. Buildings insurance, as the name suggests, covers the building itself. It is there to help out if there is some serious structural damage to the property. If you are the freeholder, then you will need this, but if you are only the leaseholder of your property then you don’t need to worry about buildings insurance. Contents insurance covers the contents of your home, and is an essential bit of cover for everyone. Insuring The Right Amount. One of the most obvious ways to cut the...

Insurance pay outs to help customers recover from Storms Ciara and Dennis set to top £360m

March 9, 2020 1:02 pm

Insurers expect to make payments to customers hit by the recent Storms Ciara and Dennis of over £360 million according to initial estimates out today from the Association of British Insurers (ABI). Insurers made initial emergency payments of over £7.7 million to help flooded homeowners and businesses in the immediate aftermath of the flooding and wind damage, with repairs to many properties now under way. They have also arranged and paid for emergency temporary alternative accommodation for families whose homes are uninhabitable. Initial ABI estimates show payouts from Storms Ciara and Dennis that struck in quick succession: Total payments to...

Storms inflict £7.7bn worth of damage on a third of UK property

February 10, 2020 1:07 pm

With several storms down and more threatening the British Isles, homes and businesses are already counting the cost of  barreling winds and months’ worth of rain. The damage of menacing floodwater engulfing villages, towns and cities are swiftly being followed by the scenes of personal devastation that will take months if not years to recover. A snap poll conducted after Storm Ciara suggests that more than a third of households had experienced some damage to their home or property, ranging from a couple of tiles being blown off rooves to extensive flooding. With each household reporting an average of £750 of damage,...

February 10, 2020 1:05 pm

What Does Public Liability Insurance Cover? Public liability insurance is a relatively common business insurance cover, which covers legal liability if you or an employee is held responsible for property damage, injury, or death befalling a member of the public as a result of your business activities. For instance, if you run a cleaning business and you or an employee forgets to put out a ‘wet floor’ sign, which results in someone slipping and hurting themselves or damaging their property, you could find yourself hit with a lawsuit. Similarly, lawsuits could follow if an electrician installed faulty wiring, a hairdresser...

Why Insurance is Important for Commercial Landlords

January 27, 2020 1:08 pm

As a commercial landlord, whether you rent out a single retail unit, or a portfolio of office premises, commercial landlord insurance is vital to protecting your investment, and your income, against expected issues and incidents. For instance, it can help you recover if your commercial property is affected by a serious incident like fire or flood – covering the cost of repair or reinstatement and lost rental income. It can also cover your contents, step in if you are held liable for injuries sustained in your property, and defend you financially against issues like damage caused by tenants, vandalism, and...

10 Tips to Keep Christmas Criminals Away!

December 16, 2019 12:59 pm

If you’re looking forward to Christmas, bear in mind that thieves are gleefully anticipating it too – last year, there was a substantial increase in insurance claims for burglaries in winter, particularly over the Xmas period. Halifax Home Insurance reported a 35 per cent increase in claims for forced burglary in the darker months, compared to lighter months, and as homes are often unoccupied for long periods around Christmas – when people visit family and friends – some reports suggest the rate of break-ins rises by up to 20 per cent. Yet according to research from ADT Fire and Security...

On the Subject… Know Your Flood Risks!

November 4, 2019 1:01 pm

A business owner whose business was damaged in the South Yorkshire floods has warned fellow entrepreneurs about the dangers of being underinsured and cautioned that thousands of businesses risk ‘losing everything’ if they are hit. Ms Webb was one of hundreds of residents of Fishlake who had their homes and businesses destroyed after the nearby River Don over topped its banks in November consequently flooding Fishlake. The village is still reeling from the effects of the flood, with many seeing in the New Year in temporary accommodation and businesses unable to reopen. Her distress was compounded when she received a...