3 changes in Transportation in 2023 The transportation industry is always adapting to changing times and circumstances. With such an influential impact on other sectors, it’s important for businesses in this space to keep themselves informed about what will come next year so they can plan accordingly – both now (to avoid surprises) as well…
Read more
Category: Risk Management
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…
Read more
Legal News – Three Items of Interest for the Construction Community
Phoenixing: Construction bosses who 'phoenix' firms could now face fines or bans Construction is one of the UK industries that suffers the most from ‘phoenixing’ – folding a firm to avoid debts, then starting up a near identical business with a new name. Now directors who do this could face hefty fines or being banned…
Read more
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…
Read more
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…
Read more
Autumn Risk Bulletin
Autumn Risk Bulletin In this issue: - Welcome to Autumn - Autumn weather - Road traffic collisions - Sharing the road space safely - Engineering inspection - Slips, trips, and falls - Building enclosures, balconies, terraces and outside heating - Escape of water - Aviva’s specialist partners Download the autumn risk bulletin Here. Bought to…
Read more
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…
Read more
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…
Read more
The changing risk profile of hauliers
How hauliers can manage the risks associated with inflation The current inflationary and supply chain challenges in the UK has added pressure on historically thin profit margins for fleet and haulage operators. Here are some tips to help with risk management. - Proactive accident avoidance strategies. - Managing inexperienced drivers - Driver training programmes. -…
Read more
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…
Read more
