Key risks covered by business insurance policies Business insurance is there to help give you peace of mind and protect you from losses which may arise during normal business proceedings. There are a variety of different risks that can be covered and Lockyers will work with you to identify which cover you need (and just
Imagine this: after years of research and saving you decide to start your own business. Things are a little slow to begin with, but after a few months, it starts to take off. A couple of years later your business is incredibly successful, backed by a team of dedicated, hardworking employees. And then, someone makes
Imagine you have the opportunity to invest £100,000 for your company, with a 70% chance of providing a 20% return within five years. Do you decide to go for it? Now consider whether your decision would be different if you could be held personally liable for making the wrong decision; your home and other assets
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
Directors’ and Officers’ Insurance (D&O) protects a businesses’ senior staff against a number of insured wrongful acts. In the past, this has been a reliable means of protection for many business directors. However, the landscape of D&O cover is now changing. We take a look at why and what this could mean for your business.
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
“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
Imagine you have the opportunity to invest £100,000 for your company, with a 70% chance of providing a 20% return within five years. Do you decide to go for it? Now consider whether your decision would be different if you could be held personally liable for making the wrong decision; your home and other assets
Starting a business is exhilarating. Insurance isn’t. Dependent on the type and size of your business, you’ll likely need some level of insurance to legally satisfy your business duties. Checking out insurance types and deciding which is and isn’t applicable to you, is stressful, time-consuming and can make you feel out of your depth. Due
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
