Category: Commercial
8 Ways to Tackle Underinsurance
8 Ways to Tackle Underinsurance Underinsurance can be devastating, especially when it comes to your business property and its contents, should you ever be in the unfortunate position of having to make a claim. Here are 8 ways to avoid it: Get your property valued regularly The cost of building materials has risen significantly in…
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Top 6 Cybersecurity Trends to Watch Out For in 2023
Top 6 Cyber security trends to watch out for in 2023 - Rise of automotive hacking - Potential of artificial intelligence - Mobile is the new target - Data breaches: prime target - Targeted ransomware - Insider threats Rise of automotive hacking: The use of wireless communication systems in modern vehicles has created a vulnerability…
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Construction – Problems with Products
What is Part Product? In the last few weeks I have seen trade advertising from different major insurers announcing that their Construction policy now has an optional extension for what is known as Part Product. Well, this is not something new, as I have been including this important extension since the early 1990s. Liability Insurance?…
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How Does Cyber Insurance Work and What Does it Cover?
How does cyber insurance work and what does it cover? How does cyber insurance work? You have a small business that sells leather goods online and you collect customer data including credit card numbers. You are hacked by cybercriminals who steal all this information from 1K of your customers' accounts- making them victims, too! Your…
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Why you Need Cyber Insurance
Why you need cyber insurance... The risks of cyber crime have never been more prevalent, with attacks on businesses increasing each year. Cyber risk insurance is a must for any company that holds personal data or stores business critical information electronically. If your computer system fails due to interference from outside forces, you could lose…
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10 UK Cybercrime Statistics
10 UK Cybercrime statistics Did you know as of October 2022, 39% of UK businesses have experienced a cyber attack, the same as in 2021. However, the figure has dropped since 2020 (46%). “Cyber crime is the greatest threat to every company in the world.” - According to 31% of these businesses, they were attacked…
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AXA UK warns of serious fire risk of lithium batteries
AXA UK warns of serious fire risk of lithium batteries - Improper storage and damage to the lithium-ion batteries in electric bikes and scooters can result in devastating fires - AXA has covered almost half a million pounds of losses over the last two months on fires caused by lithium batteries - Not leaving the…
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Ascend Broking Summer Newsletter 2022
Ascend Broking Summer Newsletter 2022 Welcome to our summer newsletter. This month I would like to raise 2 key exposures to your business – underinsurance and your personal negligence exposure. Underinsurance - why inflation can have a major impact on your insurance A not-so-well understood risk is the impact of inflation on insurance and the…
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Ascend Broking Newsletter 2022
Ascend Broking cover notes Summer 2022 Explaining issues that affect your insurance... In this issue: - Insurance fraud does not pay - Bullying: workplace trials and tribunals - Business travel polices offer many benefits - Inflation impacts on property insurance - Cover your event eventualities - Is it covered? DOWNLOAD COVER NOTES Insurance fraudsters beware! The…
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Rolex and Patek Philippe owners watch for underinsurance
Rolex and Patek Philippe owners watch for underinsurance Some luxury watches have more than tripled in price – even for second-hand watches – meaning that many clients are at risk in the event of a loss of a huge gap between the insured value and the replacement cost. This is called Underinsurance. The economy has…
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