Fortunately, they are easy to buy and install, from immobilisers to dashcams, find out more about the innovative devices that could help you to slash your costs.Read More...
Telematics (Black Box)
If you have teenagers, or recently were one yourself, you will know that telematics are a good way of bringing the cost of your car insurance down.
An insurer will install a black box in your car which monitors the speed you drive at, how you handle corners, braking, which times of the day you drive and will determine how good you are as a driver. They will also come with additional benefits like a GPS in case it ever gets stolen, or you lose it.
Generally, a black box could help to cut your policy down by £250.
Dashcams are quickly becoming a norm across the world. These handy little dashboard cameras can capture any incidents or accidents you may be involved in, the video captured by the camera could assist with settling your case in a shorter time.
The UK is home to an eclectic mixture of properties, each one presenting a unique proposition – and its own unique set of risks, meaning multiple insurance policies.Read More...
Commercial Combined Business Insurance can be tailored to meet the specific challenges and risks your business faces in its day to day activities.
A commercial combined policy is a comprehensive business cover in a single policy, bringing together a range of covers from the most commonly required to specialist policies. The combined policy is primarily designed for smaller businesses like manufacturers or wholesalers.
Why you should consider a commercial combined policy
A commercial combined policy offers all round financial protection to your business, providing you with security and peace of mind. It can be tailored to cover the risks that are specific to your business. For example, a wholesaler will have a warehouse where customers might visit, plus they might transport their stock themselves, meaning they would require
The moment you become an employer in the UK, you must legally take out an Employer’s Liability policy that covers you for at least £5 million. That is a large amount of money, and should be a strong indication of how serious it can be if an employee is injured due to negligence on your part.Read More...
In fact, Employer’s Liability is a legal requirement in the UK. You can be fined up to £1000 if you fail to show inspectors your EL certificate, and failure to have an adequate policy in place can see you being charged £2500 a day in fines.
However, much like car insurance, if an accident takes place you will be glad you have employer’s liability in place.
What is Employers’ Liability and what does it cover?
Employers’ Liability Insurance is one of the main types of business insurance. Should you be drawn into a lawsuit by an employee or ex-employee for illness or injury caused by their work, an Employers’ Liability policy can assist with the
Being a business owner means that you have a lot to consider and ensuring you’re covered against all of the potential risks is vital. All businesses require different types of cover dependant on the size and type of business you’re actually running. If you’re struggling to decide exactly what your business may need, we cover some of the basics to get you started. Property Insurance Arguably the most important type of cover and one of the first considerations for any business is protecting the building itself and the assets inside. While it may be obvious to cover your business’ building against disasters such as fire or flooding, it’s important not to forget just how valuable your tools or equipment are to your business. Most businesses would struggle to replace all of their assets if they were stolen or destroyed, so when it comes to insuring the contents of your building,… Read More »Read More...
If you’re a business that manufactures, designs or supplies a physical product, then you can be held responsible should your product injure a member of the public or their property. You could find yourself paying millions in damages and legal fees. A Product Liability policy offers protection against this scenario. In the case of an injury or damage claim being made against you, your product liability policy will cover the cost of legal fee and compensation claims for: Death or personal injuries caused by your product; Loss of or damage to property caused by your product; and Unforeseeable circumstances, such as product faults that your quality control system could not identify. However, you should not view product liability as an unbreakable safety net. If there was a fault with the product due to bad workmanship or design, the policy will not protect you. If a product injures someone or damages… Read More »Read More...
In April, the government rolled out tough new penalties for speeding. The roads of the UK saw a heightened police presence in an effort to educate on the new law and hundreds of motorists were handed heavier penalties. If you have points on your license, do you have to declare them when buying insurance? What about previous accidents? Car insurance is complicated, and it can be easy to make mistakes. Even a small blunder could raise your premiums, invalidate a claim or even make driving your car illegal. So how do you avoid being on the wrong side of the law? For a start, avoid making these blunders. Declare your previous convictions Not telling your insurer about previous motoring or criminal convictions could invalidate your insurance. Being caught speeding or using your phone whilst driving can now add up to six points on your license, and with the average car… Read More »Read More...
Protecting your small business from cyber crime With new threats emerging and long-standing ones still an issue, it pays to know how to protect your small business from cybercrime. Two thirds of small businesses have fallen victim to cybercrime in the past two years, costing the UK economy £5.26bn, according to research from the Federation of Small Businesses. Hacking is a lucrative business. However, it’s not just about data theft: one criminal organization intercepted medicines and sold them on the black market for £200 million, because they got access to the route information. As the pace and variety of cyber-attacks increase, we provide you with some tips on how to keep your small business safe from the criminals and hackers. A supportive environment at work Is the board on board? Security should be a top priority on their agenda and they should be constantly thinking about the worst case scenario.… Read More »Read More...
There are some people who think that bending the truth a little won’t hurt. Maybe you’re one of these? Maybe you’ve insured an item for less that its true value before, rubbing your hands together in giddy excitement at the thought of saving a little money on the sly. Well, if you are one of those people, now would be a good time to rethink your strategy and put things right before it’s too late, because if the worst should happen, you may end up losing more than you bargained for. For a start, if you’re under-insured, you’ll have inadequate insurance cover. So, in the event that you need to make a claim, your insurer has every right to declare your policy as void and refund all premiums that have been paid. Bear in mind that your insurer may even decide to recall any monies paid out for any previous… Read More »Read More...
Did you know that 99% of businesses in the UK are classified as ‘small’? So how can small businesses survive in industries that are full of unique risks? They need to ensure they have all the correct business insurance policies in place. Take a look at our guide to the essential business policies. Public Liability Public Liability is an essential cover for those whose business may interfere with those around you, including customers, local neighbours, passersby, the environment and even trespassers. A good business will always keep the safety of the public in mind when conducting themselves, but no one has the power to predict when an accident is going to happen. The costs of paying for compensation, medical fees and legal costs can reach incredible levels that small businesses could never hope to cover. A public liability policy can help cover the costs of any legal issues. A common… Read More »Read More...
Recent research has revealed an average increase of £110 to UK drivers’ insurance premiums last year. According to the latest index from Confused.com, car insurance premiums rose 16% last year. This research was carried out in partnership with Willis Towers Waters and looked into the insurance quotes for over 4 million cars. The 16% rise means that the average cost of comprehensive insurance policy now stands £781 for UK drivers. There are a variety of factors that have contributed towards recent increases, the demographic that has seen the largest jump in cost are the drivers with newer vehicles due to the growing reliance on the latest technology and complex electronics that are much more expensive to repair. Another contributing factor to rising car insurance costs is the change to the Ogden rate, which is the formula used to calculate the amount of compensation the victim of an accident will receive.… Read More »Read More...