Tag Archives: Commercial insurance
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…
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BIBA Manchester
Ascend attend the British Insurance Brokers’ Association The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers. BIBA membership includes around 1800 regulated firms, employing more than 100,000 staff. General insurance brokers contribute 1% of GDP to the UK economy; they…
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Fire – a commercial kitchen’s biggest risk
A brilliant article by a Senior Risk Manager at QBE explains how you can protect your commercial kitchen from the risk of fire: If you operate a commercial kitchen, fire is one of the biggest risks. Most kitchens will build-up deposits of fat, oil and grease in the ventilation system (most notably, inside the…
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Common insurance mistakes to avoid for your small business
Common insurance mistakes to avoid for your small business The easiest way to avoid liability and probable financial loss is to secure your business against unforeseeable circumstances. Failure to do so jeopardizes the chance of your venture’s success and exposes you to the danger of losing all you have built over the years. Although most…
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Coronavirus support for business guide
Coronavirus support for business guide Download our financial aid guide detailing the assistance that is available to you following the 2021 budget. As the UK prepares for the proposed Government roadmap to ease the lockdown restrictions, we want to ensure that our valued clients have access to the most up-to-date information to make your…
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Planning ahead for the winter cold
Every year the weather seems to get more extreme, both in summer and winter. This means that businesses need to start thinking ahead for preparing their commercial premises for winter. Allianz have prepared a great guide for preparing properties for the winter. The Allianz guide gives great advice on precautions business owners should take…
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Why Professional Indemnity Insurance Is Essential
What if you provide advice and consultancy and there’s a mistake in the advice you’ve given? What if you provide an expert service and there’s a mistake in designs, plans or calculations? What if you handle people’s information and you face claims that you accidentally disclosed data or infringed on a client’s legal rights? If…
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Marriott faces £100m fine over cyber-attack on its data
The massive hacking of Marriott International reservation databases could lead to a £99m fine as the UK cracked down on privacy breaches with its second major penalty notice in two days. The cyber-attack, which Marriott disclosed in 2018, exposed information on 339-million guest records, including seven million related to British residents, the UK Information Commissioner’s…
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10 reasons why you should consider D&O Cover
Being a director is often challenging and potentially lucrative, but if the prospect of being sued is looming, it can be a lonely and alarming position. Directors and officers cover (D&O) provides a suit of armour in the face of legal action, with the insurer stepping in to provide guidance at the first sign of…
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The New Discount Rate – Bad News All Round
It was announced on Monday 15 July by the Ministry of Justice that the Ogden Discount Rate will only marginally increase from the -0.75% level to -0.25% with effect from 5 August 2019. This is a disappointing result because the government had previously indicated to the industry and the financial markets that the rate would…
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