The UK motor fleet and liability market is reeling from the effects of the change in Ogden discount rate that came into effect from 20 March 2017. But what can clients expect to happen with their insurance renewal rates now? And what will happen in the future, read on to find out more. What is…
Read more
Category: Commercial
Equity Red Star will not be offering renewals on general haulage with effect from 1st June 2017
Equity Red Star are planning to withdraw from the General haulage fleet and courier insurance market from 1st June 2017 Insurers are counting the costs of the Ogden discount rate reducing to -0.75% and in a market where some general haulage and courier insurers are operating at a loss, ERS have taken the necessary but…
Read more
General Data Protection Regulation – The Countdown Is On
25th May 2017 marked the one year countdown to the enforcement of the European Union’s General Data Protection Regulation (GDPR). It has been four years in the making and its effects will be significant. The GDPR is not only wider in scope than the existing 1998 Data Protection Act but also in terms of the…
Read more
10 Cyber Resolutions
As you may be aware, there has been an outbreak of a ‘ransomware’ type of computer virus called WannaCry, affecting users in many countries around the world. These have included firms such as FedEx and many NHS trusts. It is believed to have led to 57,000 infections in 99 countries. Ransomware is a type of…
Read more
All you need to know about collateral warranties
When dealing with construction projects and contracts we often hear about Collateral Warranties. But what are these and what do they mean for your insurance programme? Collateral Warranties are used due to extend the responsabilities beyond contractual obligations towards third parties involved within a certain project. However, how can your business be certain that your…
Read more
5 Typical causes of workplace electrical incidents
Unsafe electrical safety practices in the workplace can kill. Healthy Working Lives reveal that each year around 1000 electrical shocks or burns are reported to the Health and Safety Executive (HSE), 30 of which are fatal. For those who escape this fate, their future is still often blighted by permanent injuries. There are still too…
Read more
