Risk management guide for the small to medium UK manufacturing businesses

While Manufacturing comprises just 5% of the UK’s businesses, it accounts for 10% of employment and 14% of turnover. Of the 270,000 firms that make up this diverse sector, just over half (138,050) are micro and SME manufacturers. Find some practical risk management advice for small and midsize manufacturing businesses:

By |2022-03-04T17:09:37+00:00March 4th, 2022|General, Insurance|Comments Off on Risk management guide for the small to medium UK manufacturing businesses

Protecting your property from water leaks

Water leaks that go unchecked can cause thousands of pounds worth of damage and properties can take months to dry out before repairs can be completed. You may, therefore, need to relocate to alternative premises in order to continue to operate.

By |2022-03-03T11:29:44+00:00March 3rd, 2022|General, Insurance, Property|Comments Off on Protecting your property from water leaks

Considerations of Contractors Professional Indemnity cover

Many contracting businesses who do not specifically design anything for a fee will be unaware of the potential risks they may face in not carrying Professional Indemnity cover. In the increasingly litigious society we live in, where it would seem that everyone wants someone to blame, should you consider cover just to protect yourself if something goes wrong?

By |2022-02-18T09:48:58+00:00February 18th, 2022|General, Insurance|Comments Off on Considerations of Contractors Professional Indemnity cover

What is Indexation and how does it impact your insurance?

There are several factors that now make indexation more important than ever. One factor is the significant rise in demand for building materials, and disruption to the global supply chain caused by the pandemic and national lockdowns. Certain elements of Brexit and local shortages of suitable labour are also affecting rebuilding and claims costs.

By |2022-02-17T17:11:18+00:00February 17th, 2022|General, Insurance, Property|Comments Off on What is Indexation and how does it impact your insurance?

How to Avoid Underinsurance

Suitable insurance forms a vital part of business continuity planning - but how can you be sure that you are buying the right amount of cover? Here we share some top tips from 'How to avoid underinsurance – A guide for small and medium-sized businesses' produced by the British Insurance Brokers’ Association.

By |2021-08-09T15:34:40+00:00February 2nd, 2021|General, Insurance|0 Comments

FCA Test Case Supreme Court Judgment

On 15 January, the Supreme Court handed down its judgment on the FCA’s business interruption test case. It remains the case that most SME business interruption (BI) policies are focused on property damage and only have basic cover for BI as a consequence of property damage, so are unlikely to pay out in relation to the COVID-19 pandemic and its effects.

By |2021-08-09T15:36:39+00:00January 26th, 2021|General, Insurance|0 Comments
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