Supreme Court hands down its judgment 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. Some policies contain ‘non-damage’ related extensions of cover for business interruption, such as infectious or notifiable diseases (disease clauses) and denial of access or public authority closure or … [Read more...]
Unoccupied Property Market Response – Lockdown 3.0
It is important to distinguish between temporarily closed premises due to COVID-19 and previously longer terms unoccupied premises, the responses contained below are specifically for temporarily closed premises due to government guidelines and will not apply for premises that fall outside of the guidelines. For those customers whom have longer terms unoccupied exposures we recommend that they review their policy document and notify us immediately if they are struggling to adhere to any pertinent policy conditions. The ABI have released the following guidance for those businesses affected: You … [Read more...]
Cyber Risks & Liability: Cyber-Security Tips for Small Businesses
Cyber-Security tips for small businesses As a small business owner, you face unique risks in today’s cyber-environment. Learn helpful tips to protect your assets from a cyber-attack with this article. High-profile cyber-attacks on companies such as Sony have raised awareness of the growing threat of cyber-crime. Recent surveys conducted by Symantec and other cyber-security organisations suggest that many small business owners are still operating under a false sense of security. The statistics of these studies are grim: The vast majority of small businesses lack a formal internet security … [Read more...]
Prepare your business for Brexit – Jan 2021
A post-Brexit trade deal could be sealed as talks between the UK government and European Union continue this week. Before the weekend, both parties said that ‘no-deal’ was the most likely outcome. Whether or not a deal is agreed, you should ensure that your business is prepared for operating under new rules. Please review the information and guidance below on what arrangements you could face from January 2021 onwards. Resources to help you prepare for a no-deal Brexit Create an Action Plan: Answer a few questions for your personalised action list for you and your business from the GOV.UK … [Read more...]
Commercial Insurance Profile December 2020
The seasonal flu is a consistent, annual threat that employers across all industries must account for. The resulting wave of illness can cause increased absenteeism and decreased productivity. This year’s flu season will require even greater planning and preparation by employers, given the ongoing coronavirus pandemic. As an employer, you are responsible for the health and safety of your employees. In preparation for this year’s flu season, there are a number of steps to consider. Should you want any further information or support please do not hesitate to contact us directly. … [Read more...]
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