Why all businesses require Directors and Officers insurance Directors and Officers liability insurance (D&O insurance) provides financial support and defence against potential investigations into the behaviour of your executives and the possibility of them being sued. Without such insurance, the company will be left to pick up the tab from their own resources. Or,…
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Will your insurance policy respond correctly between BFSC & LOSC?
COVID-19: How to reduce the risk of employers’ liability claims
COVID-19: How to reduce the risk of employers’ liability claims As the country gradually moves towards the ‘new normal’, it is inevitable and understandable that employers will now be focusing on implementing the necessary changes to their working practices, allowing them to operate not only safely but also profitably. Business owners and, indeed, their…
Read moreSubcontractors – The Difference between LOSC and BFSC
Subcontractors – The Difference between LOSC and BFSC The insurance definition of BFSC & LOSC is different to the HMRC definition. Ensure you have the correct procedures in place to guarantee your insurance policies will respond in your time of need. Whilst it is difficult to provide an accurate definition (as the law does…
Read moreManaging Your Exposures – Sport & Leisure Industry
Managing Your Exposures – Sport & Leisure Industry Some risks are common to all in the sector property and casualty exposures for risks such as fire, flood or slips & trips – liability. Also, Business Interruption is a big consideration for those with a reliance on a specific location – for example a Hotel or…
Read moreUK bosses could face a wave of Coronavirus-related claims
UK bosses could face a wave of coronavirus – related Directors & Officers claims Administrators, managers, and directors of any company, regardless of its size or activities, shoulder significant responsibilities in relation to the way they conduct themselves and justify the trust placed in them. This may result in claims against them for actual and…
Read moreThe silver lining of the ‘Ogden rate’ cloud
The ramifications of Spring 2017’s ‘Ogden Rate’ changes are being felt across the personal-injury-prevalent motor and higher-risk trades, but is this anything to worry about and what can be done to lessen the pain? The Ogden rate is a calculation applied to lump sum payments awarded to those who suffer injuries, the impacts of medical…
Read moreWith over 100 years combined experience, Ascend’s team are the specialists you need!
Policy Wording – Boring? Yes. But important. Of all insurances, those for Contractors are generally the most complex and most in need of specialist knowledge in their arrangement. I am willing to bet: Your Contractors policy wording (Liability and Contractors All Risks) isn’t the best. Why? Because you have your insurer’s standard policy wording and…
Read moreOgden tables – what can you expect to change for the remainder of 2017
The UK motor fleet and liability market is reeling from the effects of the change in Ogden discount rate that came into effect from 20 March 2017. But what can clients expect to happen with their insurance renewal rates now? And what will happen in the future, read on to find out more. What is…
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