Nobody hopes for a business catastrophe, but the best entrepreneurs will plan for one. Whether it’s flooding after a natural disaster which damages stock and premises, or a server outage which prevents online orders, “unforeseen circumstances” can wreak a wide scope of havoc on your business. How long could your business survive if your everyday business processes were disrupted?
Most of us take our workplaces for granted. We come and go, popping out for lunch or to a meeting, expecting that everything will be the same when we return. But what if something happened to disrupt this smooth flow? As hundreds of workers found out in the City of London in July 2016, the
Having the right level of trade credit insurance is more important than ever. Between the collapse of construction giant, Carillion, and the downfall of children’s toy company, Toys R Us, recent big-name bankruptcies are emphasising the need for protection against rising insolvencies. Indeed, 26% of UK companies suffered a financial blow due to the solvency
Last year was a record-breaking year in terms of cyber claims, totalling more claims than the previous four years combined, according to recent industry research. However, researchers predict that cyber claims will rise now more than ever as a result of the General Data Protection Regulation (GDPR). Due to the GDPR’s strict regulations and hefty
You may think that your employees would never steal from you or that your business would never be the victim of theft, but the harsh reality is that nearly every business is eventually victimised by fraud or theft. Thieves (including your employees) do not need direct access to cash to steal from you—merchandise, supplies and
Directors and Officers Liability (D & O) insurance is a fundamental component of any company’s risk management programme. A lack of D & O insurance may dissuade talented individuals from seeking an executive position at your company, as they don’t want to put their personal assets at risk in the event of a legal action.
From 25th May 2018, UK businesses had to comply with the new EU General Data Protection Regulations. We explain how they could also affect your commercial insurance cover. By now you will be aware of the practical changes you had to make in advance of the new legislation, but your data processing practices are not the
In today’s business climate of corporate transparency and accountability, an organisation’s officers and directors face a myriad of employment-related exposures. Claims can come from many sources, employees, regulators, shareholders, creditors, customers, etc. Ever-changing regulations, increased employee awareness of employment rights as well as the rise of shareholder activism means directors are more frequently at risk,
If you run a pub or bar here are some interesting facts you might not know about beer. Clear, brown or green? Most of us have heard the popular song ‘10 green bottles hanging on the wall’, but do you know why beer bottles are usually green or brown? Beer was initially sold in clear
Get the most out of the 2018 FIFA World Cup this summer. It’s not just about the Three Lions, England fans are first and foremost devoted football fans, and they’ll be more than content watching Morocco vs. Iran. But with so much competition and so many pub/bar options for customers to choose from, how do
