Category: Commercial
The Property Insurance Market Update Part 1
The Property Insurance Market Update Part 1 Over the past three years, the UK Property Insurance market has faced significant challenges, driven by the cost of materials, labour shortage, inflation and a change in reinsurance (capacity and cost for insurance on large losses) which has resulted in double digit rate increases. In 2023,…
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A Guide to Freight Forwarders Insurance in the UK
A Guide to Freight Forwarders Insurance in the UK Introduction Every year, a significant number of shipping containers is lost during transit. This, coupled with the occurrence of damaged goods upon delivery, has emphasised the importance of insurance in the logistics sector. Let's delve into the world of Freight Insurance and Cargo Insurance –…
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How to protect against fire from lithium batteries
Lithium batteries in the home – how to protect against fire The use of lithium-ion batteries in household items has increased due to their ability to store more energy, providing longer usage times. While these batteries are generally safe when used properly, there can be serious consequences if they are not handled correctly. Here are…
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The personal motor insurance market – challenging times
The personal motor insurance market – challenging times The UK motor market has seen month-on-month premium rate increases over the last few months as Ernst and Young (EY) tell of insurers experiencing their “worst performing year in a decade in 2022”. This is due to: Rising inflation Higher wages Historical low premiums Increase in cost…
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Warehouse & storage conditions for insurance purposes
Warehouse & storage conditions for insurance purposes Warehouses are essential for many businesses, providing a safe and secure place to store inventory, raw materials, and finished goods. However, not all warehouses are the same, and different warehouse storage conditions are required for different types of products. In this blog post, we will explore why it…
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Chess Homeless – Super Sleepout
Ascend's Charity Fundraiser Last Wednesday, six members of Ascend Broking participated in the remarkable Essex Super Sleepout charity fundraiser. They braved a night sleeping rough at The Essex County Cricket Ground to raise funds for two worthy charities: CHESS Homeless Charity in Chelmsford and the Essex Cricket Foundation. CHESS Homeless Charity provides support…
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Motor Trade Underinsurance
Motor trade underinsurance Underinsurance is a common problem in the motor trade industry, where businesses often struggle to obtain adequate coverage for their vehicles, equipment, and premises. Underinsurance occurs when a business fails to insure its assets for their full value. As a result, this can leave the business exposed to significant financial losses in…
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Why Business Interruption is so Important for Coffee Roasters
Why Business Interruption is so Important for Coffee Roasters Coffee roasters, like any other business, need to have plans in place for business continuity in the event of unexpected disruptions or emergencies. Business continuity planning is the process of developing strategies and procedures. it enables a business to continue operating during and after an…
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Modern Methods of Construction
As an insurance broker who provides expert support and advice for businesses in the construction industry, we keep a close eye on MMC, or Modern Methods of Construction. What is insurance for modern construction? MMCs are currently revolutionising the construction industry by providing new ways of building that are faster, cheaper and more sustainable than…
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Why Haulage Firms need a Personal Broker
Haulage insurance is a crucial aspect of any transportation business. It protects business owners from financial losses arising from theft, damage to goods in transit, accidents and other unforeseen events. However, finding the right haulage insurance policy can be a daunting task, especially for those who are new to the industry. This is where a…
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