Tag Archives: insurance

Directors’ Liabilities – The Buck Stops Here!

Congratulations, you’re a company Director! Once the euphoria has died down it may dawn on you that being a company Director carries a whole burden of new responsibility. And now the buck might stop with you! Oh, no need to worry, you say. I’m a Director of a Limited Liability Company so I’m safe. If […]

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The Ogden Discount

If we mention the ‘Ogden Discount’ to you, you’d probably look at us blankly. However the decision taken by the Lord Chancellor, Liz Truss, to change the way insurers calculate compensation awards for serious personal injury could have an impact on your insurance premiums. In a nutshell the Lord Chancellor’s decision ensures inflation doesn’t erode […]

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How does Cyber Insurance actually protect your business?

The regulatory and legislative requirements you need to comply with in the aftermath of a data breach can be mind boggling to even the most prepared businesses. Expert advice and guidance is therefore essential when making decisions and implementing plans to mitigate the reputational damage, law suits and regulatory investigations arising from a data breach. […]

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How would your business survive following a large insurance loss?

We have been out and about in South Yorkshire talking to motor traders a lot recently and found that Business Interruption (BI) insurance is a common gap in cover. There seems to be a common misunderstanding of the importance of BI cover and more often than not, we are finding that so many motor traders […]

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To flood or not to flood…

Insurers are in the business of “risk transfer”. Put simply, having identified a risk, such as a flood, businesses and private individuals may transfer that risk by paying a premium to an insurer.  In principle, for a risk to be insurable it must be accidental and fortuitous in nature. Events that are deliberate or inevitable […]

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