Category: Risk Management
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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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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The widening gap of property underinsurance
The widening gap of property underinsurance Concerns grow as an increasing number of UK properties are now underinsured. With the gap between property rebuild costs and their sums insured widening at an alarming rate. RebuildCostASSESSMENT.com has complied figures from their annual report on rebuild costs and has concluded, from almost 27,000 rebuild valuations…
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Important changes in the home claims market
Important changes in the home claims market One of the effects of a challenging financial climate is changes in the home claims market. In 2022, UK construction costs rose to a 40-year high as we saw prices soar in raw materials, fuel and energy, and this has meant unprecedented challenges for insurers. There are…
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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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Are you Fully Aware of your Business’s Exposures?
Are you Fully Aware of your Business’s Exposures? Are you a business owner? Then, you need to know the different risks your business may face. These could be things like cyber threats, fire, floods, and other potential losses. These problems could cause financial loss, damage to your property, or even legal troubles. But don't worry,…
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