Tag Archives: insurance

If we keep our ‘Sums Insured’ low it won’t cost us as much…

…WRONG!   This could end up costing you a lot more in the long run. There are a surprising number of businesses both large and small that are drastically under-insured. Some may genuinely believe that they have insured for the correct amount at the time whilst others may have intentionally left their sums insured low […]

Liability Insurance Conditions, which apply to you?

Most policies covering Public and Products Liabilities will have conditions applied. You may be aware of this but not necessarily understand what actions are required by you or how they will impact your business if not complied with. Here are some pointers of what to look out for when incepting, renewing or just reading your […]

Directors & Officers: Navigating the landscape

My hot take: Company Director = Circus Performer. Not seriously of course, but it does involve a juggling act with various roles and responsibilities serving as flaming pins. There is a tightrope to walk. Fortunately, insurance can provide some measure of comfort and protection to anyone occupying this role, and indeed, I write on the […]

Worldwide Products Risks

With the impending Brexit date (29th March 2019) nearly upon us, one consequence could be that companies become less likely to trade in Europe and more likely to look further afield.  One option could be to source products from China and the Far East.  When products are bought in bulk from China for wholesale or […]

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 […]