Category Archives: Insurance & Risk Management

O2 or NO2?

Following last week’s downtime from O2 of 24 hours, which to most of us felt like a lifetime, it has given us a prompt to remind our clients of how important Cyber Insurance can be, in particular for mobile phones. It is scary to think how much we rely on our smart phones for lots […]

Liquidations and Non-disclosure – why does the past matter?

First, a little definition – an insurance contract is based on the principle of ‘utmost good faith’ – that is, a person seeking insurance must disclose any information that would constitute a ‘material fact’ or  anything that would affect an insurer’s view of the hazard you pose in offering you cover. This can be both […]

Is the Professional Indemnity tide turning?

Over the last ten years Professional Indemnity premiums for the traditional and emerging professions have been pretty stable. This has also been the case for the ‘design and build’ construction sector. The market has been characterised by a benign claims climate and a ready supply of Insurers prepared to offer terms at generally competitive rates, […]

Terrorism Disruption Insurance

A traditional terrorism policy within the UK operates in the event of physical damage to premises as a result of a terrorist attack, targeting loss of life and creating fear and panic. However, terrorism in the UK is evolving – The changing nature of more recent attacks can cause significant disruption to businesses located in […]

Sub-contractor or Employee? An insurance perspective

Most construction work these days is completed via the use of sub-contractors.  One reason for this is that it is not economical to have permanent staff and so workers are brought in on a temporary basis when required for a job.  It could also be specific specialism is required and so a specialist contractor would […]

Private Client: Laser drilled & filled diamonds

I recently read a comment on Linkedin from one of my connections which piqued my interest.  It was from a jewellery valuer who had been asked to re-value a pair of diamond stud earrings for insurance purposes.  On closer inspection he discovered the diamonds had been laser drilled and filled to enhance the quality without […]

Not to blow our own trumpet, but…

Did you know that ProAktive are Chartered Insurance Brokers? Did you also know that in order to gain Chartered status, ProAktive have to have a set of core values and business practices that meet with our professional bodies (the Chartered Insurance Institute) code of ethics? These are just two factors, amongst many, which we excel […]