5 February 2018
As the owner of your own business, you probably already know that insurance coverage is crucial when it comes to protecting your investment. Whilst you may already have—or have at least considered—general business indemnity insurance, you may not be familiar with another type of indemnity coverage: professional business indemnity insurance. Does your business need one or both of these types of indemnity cover? Read on to find out! General Business Indemnity Insurance
31 August 2017
Whether you need to protect your machinery or you envisage large public liability costs, taking out civil contracting insurance isn't a process you should rush. No two scenarios are the same, which means you should always aim for a policy that the underwriter tailors to your needs. Before proceeding, there are several factors to consider. How comprehensive the insurance is While there's always a temptation to sign documents and get to work swiftly to avoid loss of earnings, you may find not paying close attention to detail will result in bigger losses in the long term.
20 June 2016
Some owners of small businesses may buy the lowest level of public liability insurance and then neglect to review this insurance coverage for a long time, such as several years. However, there are situations that warrant reviewing the public liability insurance coverage of your small business. This article discusses some of those situations that should prompt you to review that liability insurance cover. Changes in Client Sizes The magnitude of the liability risk faced by your small business when you have clients whose businesses are not worth a million dollars may be different from the risk that you face if you have a client whose business is worth billions of dollars.
1 October 2015
The threat posed by cybercrimes cannot be emphasized any further. According to a report by Symantec, a technology company, cybercrimes are on the rise. In 2014, cybercrime and cyber-attacks against large companies rose by a staggering 40% globally. And the news is not good for small firms either. A survey by Ponemon Institute hints that small firms are more vulnerable to cyber-attacks because they lack robust defense systems. So what can you do prevent your company from losing money due to cybercrime?