Tag Archives: business interruption
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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Ascend Broking Newsletter Spring 2022
Ascend Broking Cover notes Spring 2022 Explaining issues that affect your insurance In this issue - Business Interruption - Construction Delays - Martyn’s Law - Flooding - Is it covered? DOWNLOAD COVER NOTES Business success typically relies on a business carrying out its planned activities uninterrupted. It can, therefore, be beneficial to have insurance to…
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Insurers have paid £968m in interim and final BI claims payments so far
The FCA calculates that 26,238 policyholders out of 41,666 who have had BI claims linked to the test case action accepted have received at least an interim payment so far! https://www.insurancetimes.co.uk/news/insurers-have-paid-968m-in-interim-and-final-bi-claims-payments-so-far/1438504.article Although you may or may not have received a settlement for your Business Interruption COVID claim, are you now happy in the knowledge that…
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Tips for preventing theft from your worksite
Employee training Employees are vital to any business and can play a key role in safety and protection of the company and equipment. Companies should always check the backgrounds of any potential employees, if possible. Once on board, security guidelines and polices should be explained in detail and all staff need to be trained in…
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Is my shop covered?
With the country opening again recently, business owners have been able to return to their livelihood. If you are returning to your shop, bakery or tearoom, this is the type of cover you will need to look at and review. Shop insurance Shop insurance is an overview term for policies such as bakery insurance,…
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Marine Cargo – ‘Ever Given’ Suez Canal blockage impact
Marine Cargo – ‘Ever Given’ Suez Canal blockage All customers with cargo onboard must contribute to the costs of the recovery and salvage costs to the Ever Given. If you have an Ascend Cargo insurance policy then this will be covered under the General Average extension – if you do not have marine insurance you…
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The FCA Supreme Court Test Case update
The FCA Supreme Court Test Case update Overview The Supreme Court handed down judgment on the 15th January 2021 on the FCA Business Interruption Test Case. It held resoundingly in favour of the FCA (on behalf of the policyholders) in relation to all types of clause under consideration – “Disease” clauses, “Prevention of Access”…
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