Insurance

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

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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 […]

General

How to Avoid Underinsurance

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Suitable insurance forms a vital part of business continuity planning – but how can you be sure that you are buying the right amount of cover? Here we share some top tips from ‘How to avoid underinsurance – A guide for small and medium-sized businesses’ produced by the British Insurance Brokers’ Association.

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FCA Test Case Supreme Court Judgment

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On 15 January, the Supreme Court handed down its judgment on the FCA’s business interruption test case. It remains the case that most SME business interruption (BI) policies are focused on property damage and only have basic cover for BI as a consequence of property damage, so are unlikely to pay out in relation to the COVID-19 pandemic and its effects.

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Loss Recovery Insurance

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If you suffer a large loss, your main priority will be to get your business back on its feet again as soon as possible but dealing with the insurance claim can be a complex and time-consuming process. Find out how Lorega can help.