Insurance

Fraud: the inevitable hazard

Posted on

When it comes to fraud affecting a business it’s a matter of ‘when’, rather than ‘if’. Fraudsters are increasingly inventive: your team could be targeted, your relationships could be used … even your online profile could be a risk.

General

Adequate insurance coverage – The three pitfalls for SME’s

Posted on

For SMEs facing squeezed margins, insurance premiums may seem like a grudge purchase. Some products may be regarded as a discretionary overhead among those who don’t fully understand their risks or how being underinsured could prove catastrophic to their business. Yet insurance can be key to SMEs’ ongoing survival by providing a financial safety net in unforeseen circumstances, when they are the least able to withstand substantial losses.

General

Help to prevent the Escape of Water

Posted on

Escape of Water (EOW) is a term used to define a water leak in a property. It usually occurs in instances where there is a catastrophic burst or slow leak from the plumbing or heating system involving pipes and joints, but also appliances or even faulty bathroom sealant.

General

Protecting your property from water leaks

Posted on

Water leaks that go unchecked can cause thousands of pounds worth of damage and properties can take months to dry out before repairs can be completed. You may, therefore, need to relocate to alternative premises in order to continue to operate.

General

Considerations of Contractors Professional Indemnity cover

Posted on

Many contracting businesses who do not specifically design anything for a fee will be unaware of the potential risks they may face in not carrying Professional Indemnity cover. In the increasingly litigious society we live in, where it would seem that everyone wants someone to blame, should you consider cover just to protect yourself if something goes wrong?

General

What is Indexation and how does it impact your insurance?

Posted on

There are several factors that now make indexation more important than ever. One factor is the significant rise in demand for building materials, and disruption to the global supply chain caused by the pandemic and national lockdowns. Certain elements of Brexit and local shortages of suitable labour are also affecting rebuilding and claims costs.

Insurance

What’s the difference between a labour only subcontractor (LOSC) and a bona fide subcontractor (BFSC)?

Posted on

And when you need employers’ liability insurance. What is a labour only subcontractor? Labour only subcontractors are usually hired to assist with a build project when extra help is required. Labour only subcontractors become part of your team and work under your supervision, using tools, equipment and materials provided by your business. As they are […]