Latest Posts

Where is the current UK burglary hotspot?

February 5, 2018 1:48 pm

The latest data and analysis from price comparison website, MoneySuperMarket, looked at over two million home insurance quotes covering the last two years to identify the postcodes with the highest and lowest rate of claims for home contents theft within a five year period. According to the findings, Guildford postal district GU3, which didn’t feature at all in the top 20 last year, has risen to the top of the rankings with a rate of 52.31 claims per 1,000 quotes. In second place is Cambridge, rising sharply from last year’s 12th place with a rate of 51.43 claims per 1,000...

Keep Squatters Off Your Property

January 1, 2018 1:47 pm

Squatting, or living on someone’s empty property without permission, is a growing risk for property owners. The Ministry of Justice estimates that some 20,000 people squat in unoccupied properties—up from 15,000 a decade ago. And there are nearly 1 million empty homes across the UK, over one-third of which have been vacant for more than six months, according to the charity Empty Homes. Many squatters cause damage to the homes and businesses they choose to live in. What can you to protect your property? In 2012, the Legal Aid, Sentencing and Punishment of Offenders Act made squatting in residential properties...

Top Tips For Staying Safe In The Storms This Winter

December 4, 2017 1:46 pm

After what has been a relatively mild period in the run up to Christmas, several storms are due to hit the shores of the UK over the coming days. The following looks at what you can do to protect you, your family, your home and your business when the storms do hit. Gale-force winds are the most common cause of damage to property in the United Kingdom. Although the majority of damage reports come from domestic dwellings, businesses also need to be aware of the risks in order to keep employees safe and minimise damage to buildings and contents. Storms...

Landlord Insurer Reveals Common Reasons for Claims Over Winter.

November 6, 2017 1:45 pm

In winter property owners, most commonly put in claims for storm damage and burst pipes, typically to the cost of £1,770 and £5,150, Simple Landlords Insurance research shows. Other common reasons are damage from fallen trees and flooding, while one in five household has at least one boiler breakdown, which typically costs £270 per repair. Andy Wynne-Jones, senior underwriting manager at Simple Landlords Insurance, said: “With this winter predicted to be one of the coldest in many years, landlords need to take steps to get their properties and their insurance up-to-scratch. A well-maintained property is far more likely to be...

You Might Have Insurance, But Is Your Company Cyber Covered?

October 2, 2017 1:43 pm

Your company is likely insured to cover a variety of business risks. Some of the most common business coverages include general liability insurance, product liability insurance, professional liability insurance, commercial property insurance and perhaps specialty coverages depending on your business needs. Most business managers assume that they are well protected. However, it is time for an insurance review that includes a relatively new, yet potentially devastating risk: cyber crime. Most insurance companies exclude electronic data under the definition of ‘covered property’. General liability coverages are designed for bodily injury or property damage, and these are narrowly defined in the policy,...

Insurance Claims for Kitchen Fires Jump!

September 4, 2017 1:43 pm

The return of the Great British Bake Off is all set to cook up a sharp increase in insurance claims for kitchen disasters. The number of cooking-related fires in the UK typically more than doubles when the hit show airs, as Britons rush to try a little home baking themselves. New research from insurer Zurich shows a 114 per cent rise in baking blazes during past airing of the series, now broadcast by Channel 4, at an average cost of more than £11,000 each. Accidental damage claims for mishaps such as ruined work tops and smashed hobs also rise by...

Avoiding Under Insurance

August 7, 2017 1:41 pm

It’s generally a pleasant surprise when you find out that something you own is worth more than you thought. Like finding out that your stock of copper has increased in value or that you own more tools than you realised. In most cases, this is a good thing, but if you need to make an insurance claim and have accidentally under-insured your business, it could be disastrous. Under-insurance is an increasing problem and can have devastating consequences. In the worst case, it can result in more premium being charged, different policy terms applied or a reduction in the claim payment....

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...

Can You Believe It? Babies Born Today May Never Need to Learn to Drive.

June 5, 2017 11:30 am

The boss of an insurance giant has warned that the sector will soon be completely disrupted by self-driving cars, with those born this year likely to never need a driving lesson. Research is so fast-moving that self-driving vehicles could hit the roads within 15 years, Axa UK’s chief executive Amanda Blanc has predicted, meaning “babies born today may never have to take a driving test.” Preparing for autonomous cars to be on the roads as soon as 2032, Ms Blanc said it is “crucial” for the insurance industry to build a framework for what will happen in the event of a car accident in future, when the driver...

The Secrets of Travel Insurance

May 1, 2017 11:28 am

Summer holidays are looming, budgie smugglers and bikinis are being dusted off, but dreams of sun could turn to financial nightmares if you don’t spot the loopholes in your travel insurance. Hols booked but no insurance? You need to sort it NOW. Travel insurance doesn’t just cover you while you’re away, it’ll also cover you for cancellation or anything else that might go wrong before you leave. So if you don’t have it and you need to cancel, you’ve no protection. Beware the insurance Breathalyser – one drink and you could be out. Many insurers make your average headmaster seem lenient. In...