Warehouse and storage conditions for insurance purposes Why is it important to know your warehouse storage conditions for insurance purposes? Knowing your warehouse storage conditions is crucial for insurance purposes. Insurance companies require accurate information about your products’ storage conditions to provide the right coverage for your business. Failure to provide accurate information about your…
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Category: Risk Management
Why Insurers may Refuse Claims from your Company
Commercial insurance policies are designed to protect businesses from unexpected losses. However, just because a business has an insurance policy does not guarantee that they will receive coverage when they file a claim. Insurance companies have a responsibility to properly evaluate claims and only pay out when the terms of the policy have been met.…
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How Underground Cable Strikes can Affect Groundwork Companies.
Underground cable strikes can have catastrophic consequences for groundwork companies, often resulting in significant financial losses and reputational damage. However, with the right insurance coverage, owners of these companies can mitigate their risk and protect themselves from the financial burden that often accompanies such incidents. The Importance of Insurance Coverage As a groundwork company owner,…
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From Rental Woes to Relief: Navigating Hired in Plant Insurance Claims
Hired in plant insurance is an important type of insurance for businesses that rely on plant or equipment rentals. It provides protection against damage or loss of equipment that is rented from a third party. Hired in plant insurance claims can be complex, and it is important to understand the process in order to ensure…
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How to Prevent Keyless vehicle Theft
How to Prevent Keyless vehicle Theft Keyless vehicle theft is on the rise, fuelled in part by both the higher demand for used cars and vans, and gaps and shortages in the supply chain for replacement parts due to Brexit and Covid. The Home Office reports that every five minutes in the UK, a vehicle…
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How Important is D&O within the Wholesale Sector?
Directors and Officers (D&O) insurance is an important aspect of the wholesale industry, as it protects the leaders of a company from potential legal claims related to their decision-making processes and actions. The wholesale industry involves large transactions and complex operations, making D&O insurance a critical component for ensuring the stability and success of companies…
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The Difference Between ‘Joint Names’ and ‘Composite Insured’ Construction Insurance
The Difference Between ‘Joint Names’ and ‘Composite Insured’ Construction Insurance Most people in the construction industry will know that contract works are usually determined by standard form contracts called JCTs (or Joint Contracts Tribunal contracts) which outline the responsibilities and obligations of all parties involved in the project i.e., the employer, contractors, and any subcontractors.…
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How Your Business Can Reduce Their Motoring Costs
How Your Business Can Reduce Their Motoring Costs Rising motoring costs are a concern for all businesses that have a motor fleet. If you run a fleet of vehicles as part of your business, you’ll be keeping a close eye on balancing the cost of keeping your fleet on the road with the difficulties of…
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Safety Practices Regarding Lithium-Ion Batteries
Safety Practices Regarding Lithium-Ion Batteries Lithium-ion batteries (also known as li-ion batteries) are in many everyday appliances - both in the workplace and the home - and have become commonplace, but they pose a fire risk not everyone may be aware of. Let’s take a closer look at these batteries and the sensible precautions you…
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What can Fleets Expect in 2023?
What can fleets expect in 2023? 2022 was a wild ride for the trucking industry, but as we enter autumn many are wondering what will happen next. Sean Storey of Capital Equipment spoke recently at NationaLease, offering his thoughts during their recent Annual Meeting about how he thinks things may play out over the coming…
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