We live in an uncertain, everchanging world and whatever the size of your company, business continuity planning for the unexpected is important. Disruption to your business can be triggered by many causes from extreme weather to a terrorist attack but having a plan in place should help recovery time. Analysing business risks Questions worth asking:
Many UK businesses risk their own survival by remaining underinsured. This occurs when a business has insufficient cover to meet its needs, whether that means its assets are valued and insured at less than their true value, its limit of indemnity is too low or its maximum indemnity period is too short. Unfortunately, underinsurance is
The UK has been battered by storms over the past few days, with not one but two named storms hitting all parts of the nation since Friday 18th February, leaving damage and disruption in their wake. Extreme weather such as a storm can cause widespread damage to homes and businesses. If you’ve been affected, we
Cold weather and a few inches of powdery snow might send the nation into a frenzy, but business owners will testify that the prospect of a day off work can have a serious impact on profits. However, a little bit of preparation can be key to avoiding disruption – and business interruption. Employee Attendance Cold weather
When you take out Business Insurance, it’s essential that you explore every insurable area of your company to determine the policy features that are right for you. Yet, this can be difficult if you don’t know the full terms and conditions of your current policy, including any exclusions. We take a look at three areas
Starting a business is exhilarating. Insurance isn’t. Dependent on the type and size of your company, you’ll likely need some level of business insurance to legally satisfy your business duties. Finding out what is and isn’t applicable to you, is stressful, time-consuming and can make you feel out of your depth. Due to this, a
As climate change brings unpredictable weather patterns and extremes, it has never been so important for businesses to have an adverse weather policy. Organisations must balance the need for business continuity against the requirement to avoid unnecessary risk. Without an adverse weather policy, employees may be uncertain about the rules that apply during harsh weather
The Met Office recently announced storm names for 2018-19, meaning flood season is officially here and set to make waves across the UK once again. In recent years, the threat of flooding has increased significantly, and these rough waters don’t appear to be leaving anytime soon. In fact, the Met Office predicted climate change could
A few inches of powdery snow might send the nation into a frenzy, but business owners will testify that the prospect of a day off work can have a serious impact on profits. However, a little bit of preparation can be key to avoiding disruption due to cold weather – and business interruption. Employee Attendance Bad
As flood season approaches, many organisations are bolstering their risk management practices to prevent serious damage from a natural disaster. But unlike the downpour of a flood, many business disasters don’t have a season—they can happen year-round. Whether it be a deadly cyber-attack or a costly material shortage, business disasters can often cause a chain
