Commercial combined insurance

Insurance is complicated enough, particularly when looking to cover the risks for your business. Here we give our explanations of the top 10 jargon terms seen in commercial insurance. We would also highly recommend that you read our “Guide to the Insurance Act“: Average clause – A policy condition that requires the amount of a

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More than half of Britain’s SMEs (52% in total) were owed an estimated total of £44.6 billion in late payments by the end of 2016, according to recent industry research*. That averages out to roughly £16,000 per SME; however, 1 in 10 were owed more than £100,000. This massive financial delay has been detrimental for

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In February 2016, the new guidelines from the Sentencing Council came into force. These amendments dramatically increased fines for corporate manslaughter, food safety and hygiene offences, and health and safety offences. Prior to these dramatic revisions, courts were only able to deliver fines that had negligible effects on offenders. Within the first year, it has

The post Health & Safety Fines – One Year On appeared first on The A-Plan Blog.

Many business owners fail to consider how they would manage if a fire, natural disaster or, sadly, an act of terrorism rendered their business premises temporarily unusable. According to the Insurance Information Institute, more than 25 per cent of all businesses that close down following a disaster never open again. With advanced planning, there are

The post Business Interruption Cover – More Important Than Ever appeared first on The A-Plan Blog.

Friday saw a widespread cyber attack that Europol, the EU’s law enforcement agency, has called the “largest ransomware attack observed in history”. The ransomware, which locks users’ files and demands a $300 (£230) payment to allow access, spread to an estimated 200,000 organisations in 150 countries round the world including FedEx, Renault and the Russian interior

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We’ve all had the occasional average day but, when it comes to insurance, “average” is just about the last word you want to hear. Particularly if you’re in the midst of a burnt out building worrying about how you are going to rebuild, not just the building, but your business and the livelihoods of your

The post The Dangers of Underinsurance appeared first on The A-Plan Blog.