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.
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.
It is important to distinguish between temporarily closed premises due to COVID-19 and previously longer terms unoccupied premises, the responses contained below are specifically for temporarily closed premises due to government guidelines and will not apply for premises that fall outside of the guidelines.
A post-Brexit trade deal could be sealed as talks between the UK government and European Union continue this week. Before the weekend, both parties said that ‘no-deal’ was the most likely outcome. Whether or not a deal is agreed, you should ensure that your business is prepared for operating under new rules.
It is now a legal requirement to carry a physical document known as a Green Card when driving in Europe.
The Financial Conduct Authority (FCA), the UK’s financial conduct regulator, brought court proceedings in July 2020 to test how certain business interruption insurance policies respond to claims arising from COVID-19.
Keep remote workers secure 1, July, 2020 The Coronavirus pandemic has resulted in unprecedented workplace changes. While the UK is on lockdown, employers have had to make necessary adjustments to allow staff to work from home. Perhaps there will be a lasting shift towards home working – the AA predicts a permanent reduction in the demand for [...]
COVID-19: Potential exposures to directors and senior managers 14, May, 2020 Claims culture and worker safety are hitting the headlines with some parts of the UK starting to return to work. Companies House data in February and March shows the emergence of 45 newly incorporated limited companies that contain the words ‘corona’ or ‘COVID’, with [...]
Government support 15, April, 2020 Download our guide – COVID-19: Business Support Who can I talk to? The Federation of Small Businesses offers the following advice on people you should talk to if you’re having difficulty. This page has plenty of detail including contact information – worth a visit. Talk to your bank about [...]
Employer’s Liability 04, May, 2020 COVID-19 raises a number of liability concerns, particularly if employees are affected due to a business’ negligence. Our employees are the lifeblood of our businesses and ensuring that their welfare is looked after is critical to business continuation and moving things on post lockdown. Kennedys Solicitors have provided a comprehensive [...]
