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
It’s a good idea for businesses to introduce both an internal and external plan of action should a data breach occur within their business. This will mean that your team will be better prepared and will have an increased chance of getting things right the first time. Ultimately, this could serve towards limiting damage to
Time theft is when your employee accepts payment for work which they have not done the hours for, or similarly if they have done the hours but haven’t completed the necessary amount of work in that space of time. Examples of time theft: Employees taking longer breaks than they’re allotted. This is one of the
No matter how bright the future looks for your business, you never know when disaster will strike. Whether it be a flood or destructive building fire, underinsurance can be a problem. It is vital to have proper insurance policies to protect your business from any interruptions—especially if you are a SME with minimal financial flexibility.
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?
Cyber-crime is one of the biggest problems facing businesses in the present day, with hackers attempting both rudimentary and more sophisticated methods to infiltrate your systems and data. Tradesmen have to remain particularly vigilant, especially when self-employed, as one wrong click of an email or letting your financial information fall into the wrong hands can
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
Over 16 million people are employed in the SME sector, dominating 60% of all private sector employment, according to industry data. These numbers reflect a 26% growth since 2000 in the number of small businesses. However, running a successful SME doesn’t come without risk. Here are the top risks facing SMEs, as reported by SMEs:
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
Chasing late payments is one of the most frustrating parts of running a small business. Without Trade Credit Insurance, unpaid invoices are more than simply an inconvenience, they can prevent businesses from growing – or even plunge them into debt. 17% of all payments in the UK are made late……while nearly 10% are eventually written
