Your premium is calculated based on your individual circumstances and the amount of cover you choose to take out to protect your business. Underinsurance occurs when you have not taken out the right amount of insurance cover for your needs. What does it mean if I am underinsured? Taking out insufficient insurance cover will essentially…
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Tag Archives: insurance review
Vehicle thefts are on the increase – What can you do?
The number of vehicles being stolen has gone up 30%. In 2013, 66,000 were stolen, that number rose to 86,000 in 2017 and the value of those stolen has been rising. Unless these are recovered quickly – usually via a tracker of some kind, the recovery rate for stolen vehicles is stubbornly low. Evidence suggests…
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Water damage – over 25% of all claims originated from this risk
In 2016, escape of water contributed to over a quarter of all domestic property insurance claims, ranking above ‘weather’ and ‘fire and explosion’. Between January and September 2017, these claims totalled £483m – an increase on the previous year. However, it’s also an issue in the commercial space. The continuing rise in escape of water…
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Cyber Liability Insurance Explained – Our Free eBook
Cyber crime is continuing to increase and so are the insurance products available to you from insurers. But not all are the same. So how do you know what the right coverage and risk management policy is going to be right for your business? To help you through this process Ascend have put together an…
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Business Interruption – Indemnity Periods
Business interruption provides cover for the loss of profit or loss of revenue following damage or disruption to business premises. This can also include the supply chain that prevents a business from trading normally or prevents trading altogether. Matt Price Broking Director at Ascend Broking Group explains why it is important to understand what an…
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Ascend Monthly Newsletter December 2017
In this month’s newsletter we cover: – Ascend 24/7 – Launch of telematics equipped cars – Preparing for winter – What you need to know about GDPR – Cyber insurance – Simon Horton joins Read The Full Newsletter Online Contact one of our consultants to find out more on any matter. 01245 449060 info@ascendbrokingold.co.uk
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Simon Horton joins Ascend to head up Transportation & Logistics
We are pleased to announce that Simon Horton has joined Ascend as Transportation & Logistics Director to oversee our continued growth in the haulage, car transportation, freight and associated trades. Simon has over 20 years transportation broking experience having held a number of high profile market positions, most recently as deputy managing director at Arthur…
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11 ways keep burglars at bay over Christmas
Make sure Santa Claus is the only person sneaking into your home over Christmas by following these festive security tips. As Christmas approaches, homes will be filled with gadgets and expensive gifts. But just as you are looking forward to giving and receiving those festive goodies, burglars are looking forward to stealing them from you. …
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Ascend welcome Ian Lawley as Technical Director
We are pleased to announce that Ian Lawley has joined our growing team at Ascend as Technical Director. Ian is well known within the insurance industry having held a number of high profile positions within both independent and multinational brokers. Recently he has overseen the development of insurer rating engines and policy wordings in specific…
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What is a retroactive date on professional indemnity insurance?
If you purchase any kind of professional indemnity insurance then the chances are you will hear the phrase ‘retroactive date’ at some point when arranging your professional indemnity insurance cover. This is an important area which many businesses overlook when placing professional indemnity cover. A retroactive date is generally the date from which you have…
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