Another day and another technological revolution is gathering pace – The Internet of Things (IoT). In this article we want to summarise how we interpret this technological development, explore how this will affect the insurance world and...
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Do you have to have insurance for a business? This is a very simple question, but one that has quite a complex answer. We will attempt to summarise the key covers most businesses should have, and a link to a more in-depth breakdown of cover you...
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How businesses can avoid under insurance Recent research from Aviva, shows that only 1 in 5 small businesses felt that they had the right level of insurance coverage in place. In addition they also audited a number of SME businesses and...
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What is the Motor Insurance Database (MID)? The MID is the central record of all insured vehicles in the UK. It is managed by the Motor Insurance Bureau (MIB) and is used by the Police and the Driver and Vehicle Licensing Agency (DVLA) to enforce...
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What is an excess and what is excess protection? An excess is the amount of money the insurer requires you to pay towards the cost of your claim. It is standard to have a compulsory excess but quite often it is possible to opt for a voluntary...
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Flood prevention advice… Depending on you location it may prove impossible to completely flood-proof your business but there are a number of things that you can do to proactively mitigate the costs, reduce the damage, and reduce your...
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Claims made versus claims occurred Whether a policy pays a claim depends on a number of things; one of the variants that often causes confusion is whether your policy is on a ‘claims made’ or ‘claims occurred’ basis. Most...
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Business Interruption ensures business continuity following an incident caused by an insured peril. It is vitally important that you have the right cover in place and that you have adequate insurance cover to ensure you can get your business back...
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Larger organisations dominate the press when it comes to suffering cyber crime but small businesses are increasingly becoming the target of sophisticated cyber criminals. According to data compiled by the insurance company Zurich, 875,000 small...
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Bona Fide In general Bona Fide subcontractors work under their own direction. They should have their own insurance in place and provide their own tools/material rather than you providing them. Bona Fide subcontractors do not need to be included...
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