“Isn’t directors & officers insurance only for those running publicly traded or very large businesses?” “I’m never going to be in the position where I could be sued by one of my employees or stakeholders.” “It’s just too expensive to consider on top of all of my company’s other insurance costs.” These are common misconceptions
There are two main reasons why you should take out employers’ liability insurance: firstly, to avoid your business being wiped out by a substantial claim for compensation by an employee being injured or killed at work. Secondly, you’re almost certainly obliged by law to take out a policy. Businesses without at least £5m of cover
What is Trade Credit Insurance? In its simplest terms, Trade Credit Insurance protects your business from unpaid invoices and provides information to help you trade with the right customers. Protection – quickly replace money lost through bad debt Profitability – safely increase exposure to more customers Growth – secure expansion, allowing you to deal confidently
According to a recent study, almost half of small business owners cancel social plans at least once a week because they are too busy with work-related matters and 25% have fallen ill due to stress and overwork. As a small business owner, it can be easy to fall into the trap of being stuck in
Cyber crime can seriously affect your business. Malware has the potential to harm your computer in a number of ways, whether it be your PC, Mac, smartphone or tablet. A botnet is formed when the security of multiple computers is breached with the same strain of malware, forming a network of machines that the criminal
In 2018, more major hacks took place from huge companies, including HSBC, British Airways and Facebook. In the first half of the year alone, it’s thought that cyber crime resulted in around 4.5 million records being stolen. Experts suggest the trends of hackers have matured over the last year and allude to a focus on
Between the implementation of the GDPR and a frenzy of high-profile data breaches, this past year has strengthened public concern over personal data protection and misuse. Not to mention, now that the public has more rights regarding the details of their personal data collection, processing and use, they are more likely to join in the
Although clicking on and responding to emails in the workplace is a common practice, recent research revealed it’s also a top cyber-security concern as cyber attacks are on the rise. Indeed, among the methods cyber-criminals use to attack organisations, social engineering scams and ransomware are on the rise. Social engineering scams, such as email attacks
Architects are relied upon in many construction projects, from drawing up initial plans to build a structure, specifying materials to use and overseeing the overall project to its completion. Yet it’s often one single person carrying this responsibility, and mistakes can happen. Professional Indemnity insurance safeguards against claims for losses from your client in the event
More and more of us are discovering the joys of working for ourselves, leaving traditional workplaces to become self-employed or start our own small companies. Since 2008, the number of freelancers working in the UK has increased 36% from 1.4 million to a staggering 1.91 million. According to a report by the Association of Independent
