by jqm | May 26, 2023 | Insurance
Operating an LPG (Liquid Petroleum Gas) company involves unique risks and challenges that require specialised insurance coverage. Standard commercial insurance policies may not adequately address the complexities associated with LPG storage, distribution, and potential environmental hazards. In this blog post, we will explore why LPG companies need specialised insurance and how it ensures comprehensive protection for their business operations.
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by jqm | May 3, 2023 | Insurance
Working at height is a common aspect of many professions, including construction workers, window cleaners, roofers, tree surgeons, and more. However, working at height also comes with its fair share of risks and hazards. Accidents and injuries can occur, resulting in financial loss and legal liabilities. This is where working at height insurance comes into play. In this article, we will discuss when you might need working at height insurance and why it is essential for businesses and individuals who work at height.
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by jqm | Apr 14, 2023 | Insurance
As a business owner, it is essential to be aware of the potential risks that your company may face. Cyber-attacks, theft, and other criminal activities can all result in significant losses, both financially and in terms of reputation. While you may have taken measures to prevent such incidents, it’s important to consider whether you need security insurance to protect your business against the impact of such risks. (more…)
by jqm | Mar 27, 2023 | Insurance
Thatched pubs are a staple of British culture, evoking a sense of tradition and history. However, owning a thatched pub comes with its own set of challenges, particularly when it comes to insurance. Due to the increased risk of fire and other damages associated with thatched roofs, finding adequate insurance coverage can be a daunting task. In this article, we’ll explore why it’s so difficult to find thatched pub insurance and how Just Quote Me can help.
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by jqm | Mar 10, 2023 | Insurance
In a year that saw turbulent weather, including storms and heat waves, the average price paid for home insurance in the UK fell to its lowest since the Association of British Insurers (ABI) began collecting data in 2012. According to the ABI’s latest Household Insurance Premium Tracker, the average price paid for combined buildings and contents home insurance was £300 in 2022, down 6% from the previous year. The average price paid for separate buildings and contents policies were also at all-time lows, at £228 and £116, respectively. (more…)
by jqm | Feb 21, 2023 | Latest News
In the insurance world, choice is essential to ensuring that both individuals and businesses alike have the coverage they need.
For example, security insurance would not cover the same types of policies as people who run an architecture consultancy or an online media resource.
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by jqm | Feb 6, 2023 | Latest News
With a cost of living crisis and an economic recession looming large in the minds of many business owners regardless of size and industry, many financial officers, accountants and CEOs are looking at ways they can reduce their outgoings.
As each company is different, the types of cost reductions vary as well, particularly with many industries facing a somewhat uncertain future, and some companies are looking through every expense with a fine tooth comb to see what they can function without.
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by jqm | Jan 11, 2023 | Latest News, Working At Height Insurance
During particularly bitter and brutal winter weather, one of the UK’s most prominent workplace hazards becomes even more dangerous, and the need for working at height insurance is more pronounced.
According to the Health and Safety Executive, one of the biggest causes of major life-changing injuries and fatalities in UK workplaces is due to the inherent risks of working at height.
However, it took until 2005 for workers outside of the construction sector to receive the same level of legal protection via the current active legislation, the Work At Height Regulations 2005.
To understand the importance of this legal instrument and why a major industry body is campaigning to protect it from repeal, we need to explore the regulations and why they were needed in the first place.
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by jqm | Jan 4, 2023 | Cyber Liability Insurance, Latest News
Companies hoping to see the year out without any disasters might want to prioritise protecting their data, as online crime continues to be a growing problem among businesses.
The National Cyber Security Centre (NCSC) recently revealed there were as many as 6.4 million reports received by the Suspicious Email Reporting Services (SERS) in 2022, resulting in 67,300 bogus URLS being removed.
Since its launch in 2020, it has dealt with 15.8 million reports and taken down nearly 200,000 sites.
NCSC deputy director for economy and society resilience Sarah Lyons said cyber criminals are becoming better at making their scams more convincing.
“By shining a light on these scams we want to help people more easily spot the common tricks fraudsters use, so that ultimately they can stay safer online,” she stated.
It has advised companies to protect their data as much as possible by implementing a two-step verification procedure. Staff should also use ‘three random words’ for their passwords, as this makes it harder for cyber criminals to hack into their accounts.
NCSC also suggested employees avoid creating passwords that can be easily cracked, such as from significant dates, favourite sports team or book, or family or pet names.
‘Three random words’, however, makes passwords “that are ‘long enough’ and ‘strong enough’ for most purposes but which can also be remembered much more easily”.
It is also important to protect yourself by taking out the right cover. Speak to our business insurance experts in Staffordshire for more advice on what protection you need for your enterprise.
by jqm | Dec 27, 2022 | Latest News, Professional Indemnity Insurance
This might be the year you launch your own business, in which case it is essential you take all the necessary protections first. For some companies, this might include getting professional indemnity (PI) insurance. To find out if that includes you, read on.
What is professional indemnity insurance?
Professional indemnity insurance protects businesses having to pay for legal defence or compensation if there is a claim made for a bad piece of advice, negligence at work, or a dodgy service that has resulted in financial loss for the client.
Unbiased.co.uk explains: “In the event of being sued, these professionals need to pay a lawyer to defend them in court, as well as the costs associated with rectifying and reprinting.”
Do you need it?
Therefore, businesses that might need it include those that provide a consultancy service, in case there is a mistake in the advice given; handle data, in the event of a data breach; or offer expertise and there is an error in the calculations or plans.
What kind of professionals require PI?
If you are still uncertain whether you need PI, Lloyds Bank has published a long list of professionals that should take it out.
These include business or IT consultants, accountants, architects and surveyors, engineers, interior designers, town planners, and those involved in education or risk management.
What does it not cover?
There are some things PI does not protect against, so you might need to take out other policies for better protection.
For instance, PI does not cover damage to a client’s reputation; employer liability and public liability.
For a chat about professional indemnity protection or other business insurance policies in Stafford, get in touch with us today.
