Understanding the challenges of written-off vehicles: implications for car owners and insurers The fast-paced automotive industry is currently facing a troubling issue. The issue involves a growing number of vehicles that insurers write off due to delays in parts supply, causing frustration among car owners and uncertainty in the insurance industry. This article aims to…
Read more
Category: Fleet
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…
Read more
Why all businesses require Directors and Officers insurance
Why all businesses require Directors and Officers insurance Directors and Officers liability insurance (D&O insurance) provides financial support and defence against potential investigations into the behaviour of your executives and the possibility of them being sued. Without such insurance, the company will be left to pick up the tab from their own resources. Or,…
Read more
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…
Read more
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…
Read more
Guide to Motor Claims Inflation
Guide to motor claims inflation In this issue: - Executive summary - Pandemic impact - Brexit - War in Ukraine - Technological advancement - What about injury claims? - It’s not all bad news - What’s AXA doing to help? - Vehicle damage claims - Injury claims Download the motor claims guide Here. There are…
Read more
Inflation rate for motor claims settled in 2021 reached 6.2%
Inflation rate for motor claims settled in 2021 reached 6.2% Average claims settlement times in Q1 2021 were two months longer compared to the same period in 2019. Motor claims inflation is expected to accelerate in 2022 following a 6.2% increase in 2021, according to new research published by our network partner Willis Towers Watson (WTW).…
Read more
What are your self-insurance options?
What are your self-insurance options? Self-insurance is one way businesses can maintain some control over their own risks, while still being able to purchase protection at higher entry levels when needed, through an insurer - at rates much lower than those offered by traditional programmes. What can self-insurance programmes cover? Almost any type of traditional…
Read more
ERN explained – Everything you need to know
ERN explained - Everything you need to know ERN stands for Employers Reference Number. This reference is made up of two parts: - A three digit HMRC office number - A reference number unique to your business Depending on when this number was issued to you, it can look slightly different. - If issued prior to…
Read more
What is a virtual fleet manager, and why do you need one?
What is a virtual fleet manager, and why do you need one? A virtual fleet manager is an invaluable asset for business owners who rely on a large number of vehicles to conduct their operations. By using a fleet manager, business owners can improve their efficiency and optimise their resources. In this blog post, we…
Read more
