by jqm | Apr 19, 2018 | Business Insurance Blog, Cyber Liability Insurance
The new General Data Protection Regulation (GDPR) comes into effect on 25th May 2018 and it makes it more important than ever before that your business is compliant. What’s more, having the right data protection insurance in place is crucial too.
Cyber losses and crime cost the UK economy billions every year and data has become a key asset that criminals are desperate to get hold of. Your businesses data is one of its most important and valuable assets, but it also high risk if uninsured. The new European legislation sets out rules for keeping data secure but it also comes with higher financial penalties if you do not comply. GDPR covers both data privacy and data control and security and the right insurance can protect your financially should there be issues with your levels of compliance.
What does Data Protection Insurance cover?
Data protection insurance is extremely specialised. It covers (or attempts to cover) the many potential consequences of data leak, breach and hacks. It is similar to cyber liability insurance except applies only to data and data protection breaches.
Data Protection Insurance may cover:
- The cost of security damages due to the data breach
- Ransom and extortion cover
- The cost of fines and defence should you receive a penalty due to the breach
Each policy is unique and there may be specifics to your industry to take into consideration too. The main thing for most businesses to do is ensure they review that data protection protocol and strategies in line with the new European legislation.
Data Protection Insurance with Just Quote Me
Just Quote Me employ specialist insurance professionals who work with businesses of all background. We make it our businesses to have the latest information in all relevant business areas including regarding GDPR. Get in touch today to discuss your data protection insurance policy options with us.
by jqm | Apr 5, 2018 | Business Insurance, Home Insurance
If you’re the owner of a stately home, either as your private residence or for business purposes, then you’ll know just how special it is. Whether it’s a listed building or not, your stately home will require a special kind of insurance. All properties of this nature are unique and so each stately home insurance policy is unique too.
Specialist heritage insurance professionals look to provide state home insurance to suit properties of all types. An insurance policy will need to be designed for your specific requirements. At Just Quote Me we deal with property owners of all backgrounds with a wide range of different properties. Owning a stately home comes with many challenges and ensuring your insurance policy is sound shouldn’t be one.
Bespoke Stately Home Insurance
Your stately home needs unique cover to suit its particular background, history, estate and any additional elements. Some stately homes may have paddocks and additional out buildings for example, whereas others may not. Some may have thatched cottages or similar on their land while others won’t. The unique features of your property and its land will play a role in the bespoke stately home insurance policy created for you.
Stately home insurance can include the following types of cover:
- Buildings cover
- Contents cover
- Business interruption cover (should your property be used for business purposes)
- Legal expenses (as above)
It is even possible to get support and advice from specialists such as architects, fine art specialists and antique experts when assessing the level of cover needed for the property in question. The more information you can provide the better for getting a fully fitting insurance policy.
Stately Home Insurance with Just Quote Me
Our professional insurance advisors work with business owners as well as those looking for personal insurance all day, every day. Our experience allows us to help you find the right cover for your property, taking into account its unique features. Contact us today to arrange cover for your stately home.
by jqm | Mar 29, 2018 | Business Insurance Blog, Employers Liability Insurance
Running a modern business does come with a certain degree of admin but once you get it right, the hard work is over. Of course you need to review policies and procedures but once the initial task is complete, the process is much quicker. Employers’ liability insurance is one of those necessary requirements for almost all businesses.
If an individual within your team or on your payroll suffers accident, injury or illness which they blame your business for, they could make a claim for compensation. These claims can quickly become costly and without insurance, you face having to cover the costs yourself. For many businesses the financial impact is devastating, so employers’ liability insurance is a must.
Do I Need Employers Liability Insurance?
In almost all cases the answer is yes. If you have people working for your business on any basis then you must have employers’ liability insurance. It is a mandatory legal requirement in UK law for any business with employees.
This is the case whether you work in a hazardous injury such as farming or simply run an office. The requirement remains the same.
What will my Employers Liability Insurance Cover?
Employers’ liability insurance protects your business against the financial risks that come from accident or injury to employees. Your policy will cover the financial cost ensuring any claims do not impact on the capital in your business. If you are deemed liable for any compensation claim your insurance will cover the costs. This allows your employee or ex-employee to continue with their lives and should allow your business to run as usual.
Employers Liability Insurance with Just Quote Me
At Just Quote Me we employ only experienced insurance professionals. They can help talk through your employers’ liability quotes and ensure you have the right level of cover to suit the size, scale and risk factor of your business. Call us today to discuss your business needs.
by jqm | Mar 22, 2018 | Cyber Liability Insurance
Cyber-attacks can happen to any business, big or small, and while cyber insurance can’t protect you against them, it will help you financially. Cyber insurance can keep your business afloat should you be the victim of a data security breach, cyber-attack or similar.
Technology has become entirely integral to how almost every business operates. Your operations, systems and more are probably connected to the internet in some way. Almost all businesses store at least some files online. Every online resource you use has the potential to be compromised by cybercriminals. While this can sound daunting, it doesn’t need to, with the right security plan in place. Your company’s security plan must include protection against cyber-attacks, best found in the form of cyber insurance.
What is a Cyber Insurance Policy?
Cyber insurance, sometimes called cyber liability or cyber risk insurance, exists to help your business mitigate the cyber risk exposure by offsetting costs that come after an attack. It also helps financially during the recovery period. Cyber insurance may cover many different things but the main elements of a policy are usually:
Investigation
Forensic investigation is essential after a cyber-attack and this is a costly process. Your policy will cover this investigation and help ensure the results are found and can be used to prevent further attacks
Business Loss and Interruption
Your cyber insurance policy should cover you against financial loss due to the cyber-attack. This could be financial losses due to downtime, management of the crisis and repairing reputational damage.
Customer Privacy Support and Management
If your customer’s data is compromised, you need to keep them in the loop and support them. You will need to notify them, and you may need to provide credit monitoring. This is especially important if your breach has seen their private financial credentials compromised.
Compensation and Extortion Costs
You may find third parties claim for compensation against your business in the event of a cyber-attack. You may also fall victim to a ransomware attack where the cybercriminals extort money to release your data or system. In each case a comprehensive cyber insurance policy should provide the cover you need.
Cyber Insurance at Just Quote Me
Work with us at Just Quote Me to find the best cyber insurance policy for your needs. This kind of policy is available for businesses of all sizes. Our friendly and knowledgeable team are on hand to help you find the best cover for your business.
by jqm | Mar 8, 2018 | Home Insurance
Thatched cottages and similar properties are highly sought after and wonderful to live in. However, this kind of home does come with added risk and you need specific and specialised thatched home insurance for peace of mind and to protect your property. News stories appear every month of devastating fires in thatched homes, and should the worst happen, you want your financial investment protected at the very least.
Specialist Thatched Home Insurance
Thatched cottages and houses require specialist insurance focused on the thatching itself. Thatched roof and thatched home insurance will focus on protecting the property against fire, storm and accidental damage. Some policies may also protect against flooding.
A thatched home insurance policy will also include everything you would expect from a regular home insurance policy such as building and contents insurance. You may find slightly different terms due to the specialist nature of your property, but you can look at these before settling on any policy.
Buildings and property owners’ liability insurance may be something else to consider. Some policies incorporate this, and it protects against things such as subsidence, debris removal charges and surveyors’ fees.
Thatched Roof Insurance
The focus for thatched home insurance is of course the thatching of the roof. Specialist insurance is almost always needed for these homes. Thatched homes are “non-standard” which means they usually cannot be covered in a standard home insurance policy.
The evident and clear risk of fire increases with a thatched roof. Similarly, the re-build costs should a fire occur are also higher.
Owning a thatched property comes with additional costs and unfortunately higher insurance premiums is one of them. Investing in this kind of property is a risk but for many it’s their dream home, so this is completely understandable.
Many thatched properties are also classed as listed buildings. This again may increase their premiums because of their significant historical interest. Knowing all of this before you invest in a thatched property helps avoid any unwelcome surprises further along the way.
Specialist Thatched Home Insurance with Just Quote Me
Just Quote Me employs a team of insurance specialists. We work with many different types of homeowner to secure the best insurance for every customer. The quotes available for thatched properties are less than standard homes. However, there is still plenty of scope for choice and finding the right policy for your property. Contact us today to find out more.
by jqm | Mar 1, 2018 | Car Insurance
As a classic car owner, it’s likely you have a real passion for vehicles and you should want to keep them safe. As the owner and driver of a classic car (or several) you want to treat your luxury vehicle with the respect it deserves. Classic cars need specialist insurance to protect them against damage in accidents or similar. Classic car insurance is not a one size fits all option, but it can be tailored to your car’s requirements.
Defining Classic Cars
Classic car insurance is specific to a certain type of car. Typically, premiums are lower than standard car insurance but only on cars which are defined as classic. Insurers define classic in different ways. Usually a classic car will need to be at least 15 to 20 years old and must retain some monetary value.
Some insurers define classics cars as those who have an owners’ club dedicated to them, but this isn’t always the place.
Comparing Classic Car Insurance
Accurate comparisons of classic car insurance are difficult to find. At Just Quote Me we will work with you to find the best quotes suitable for your vehicle. Classic car insurance policies are typically tailormade to suit the owner and the vehicle, but you should expect the following types of cover:
- Authentic replacement parts: your cover should allow for the purchase of authentic replacements during repairs
- Value alteration: classic cars change in value over time so the policy should reflect this and allow you to update it as required
- Laid-up cover: some classic car insurance policies will incorporate an easy option to switch to “laid-up mode”. This allows you to easily keep your car insured if it in storage or off the road long term.
Classic Car Insurance with Just Quote Me
Just Quote Me work with car owners from all walks of life. We appreciate the love and care that goes into owning and running a classic car and will work with you to find classic car insurance to suit your usage and your vehicle. Contact us today to discuss your options.
by jqm | Feb 26, 2018 | Business Insurance
Data Protection in the Workplace Online Course
Data Protection in the Workplace If you or your organisation handles personal information about individuals you have legal obligations to protect that information.
The benefits of good data safety are numerous and include, good business practice, the protection of people’s rights and the protection of your organisations reputation.
In recent years some companies and individuals have experienced serious legal consequences for data protection breaches and this highlights why it is so important to get it right. Training should be a vital part of any company’s data protection policy.
Duration Of Our Data Protection in the Workplace Online Course
Duration: 80 minutes
(Note: This is based on the amount of video content shown and is rounded off. It does not account in any way for loading time or thinking time on the questions).
Free Trial or Buy
GDPR – £35
What You Will Need
Operating System: Windows 7+ or Mac OSX (10.8+)
Browser: A modern and up to date web browser
Video: Up to date video drivers
Memory: 1Gb+ RAM
Download Speed: Broadband (3Mb+)
by jqm | Feb 22, 2018 | Professional Indemnity Insurance
If you work in a business where your advice or expertise is key, you should be confident in your abilities. However, mistakes are possible and when they do occur they can be costly. Professional indemnity insurance helps to protect you should your client suffer monetary loss due to your work for them.
What exactly is Professional Indemnity Insurance?
Professional indemnity insurance is important if your business or professional service is key to your business. It protects you against compensation claims and legal fees should a client suffer financial loss due to negligence in your advice or work.
Do I have to have Professional Indemnity Insurance?
Professional indemnity insurance is not a legal requirement. However, in many industries it is essential to become a member of a professional body or to suit professional regulations. Business owners working in consultancy often aren’t required to have this type of insurance, but it can be essential should a claim occur. Other sectors that should seriously consider professional indemnity insurance including tutors, freelance recruitment professionals, designers and personal trainers, for example.
How Much Professional Indemnity Insurance do I need?
Assessing how much cover is necessary is essential before agreeing to any policy. The amount of cover you need will depend on your business activities and the nature of your business. This is one of the more difficult types of insurance to gauge the premium amount.
Each business owner needs to look at the potential financial damage possible should there be a claim. This can be difficult to work out and it means each policy needs to be uniquely tailored to the individual and the business. Too much cover is less of a problem than not enough. Keeping this in mind can widen your options.
Just Quote Me specialise in insurance for businesses. We can discuss your specific requirements and connect you with professional indemnity insurance providers to suit your needs. Contact us today to get things started.
by jqm | Feb 15, 2018 | Cyber Liability Insurance
The internet has changed the way the world works. Businesses like Just Quote Me wouldn’t be able to function in the same way without it but it does open companies up to additional risk. Any risk is something a business needs protection against and cybercrime and attacks require comprehensive cyber liability insurance for peace of mind in business.
Evidence suggests that the cost of cybercrime will hit a staggering $6 trillion by 2021 and this isn’t just a cost for large businesses. Companies of all shapes and sizes are at risk of cyber attacks and should have the right cyber liability insurance in place to protect them.
Handling the Threat of Cybercrime with Cyber Liability Insurance
There are a wide range of potential risks if your business experiences a cyberattack. Threats include:
- Security breaches which lead to financial or data theft
- Denial of service attacks which lead to loss of access to your online portals, files and/or software
- Damage to the company or third-party systems and websites
All of these types of attack come with costs, both to reputation and in financial terms. You may have to face data recovery costs, client compensation costs and other associated outlays which very few businesses can afford without difficulty. Managing the costs of cybercrime can be avoided if you have the right insurance in place and protect your business appropriately.
Cyber Liability Insurance with Just Quote Me
Cyber liability insurance providers recognise businesses of all sizes are at risk from cybercrime. This means there are policies to suit businesses of all sizes and types. Businesses who are heavily reliant on the interest such as e-commerce stores, may require a higher level of cover than those who simply maintain a small website. It is important to remember this insurance is important whether you’re a frequent web user or not. Your business’ online presence requires protection just as much as it’s physical premises.
At Just Quote Me we have many years’ experience in specialist insurance. Growing as the internet has grown we recognise the growing risks of business online. We can work with you to find the right cyber liability cover for your business.
Contact us today to get your free quotes.
by jqm | Feb 8, 2018 | Business Insurance, Business Insurance Blog, Cyber Liability Insurance
Many small businesses owners believe cyber attacks won’t happen to them. Hackers, cyber criminals and other online fraudsters only care about big business. This is far from the truth. No company of any size can afford to ignore the risks of cyber-crime. Your business needs to take cyber-crime seriously and you need to consider cyber insurance for your business.
Cyber attacks take place every four seconds in the UK, according to ONS statistics, and there are millions of computer crime attacks reported every year. Cyber-crime can result in monetary loss for your business, downtime which can affect income and serious reputational damage. Cyber insurance will help protect your business financially should an attack take place.
Cyber Insurance for Businesses
This type of insurance will provide financial protection should a cyber attack affect your business. There are policies at all cover levels scalable to the smallest businesses, as well as much larger companies. Your cover will depend on the quote you accept but it should include:
- Data breach protection
- Cyber liability compensation claim cover
- Business interruption cover
- Downtime/business losses cover
- Hardware and data repair cover
All policies also incorporate forensic investigation and IT support, allowing for a closer look at what has happened. This type of insurance is incredibly specialist and can be daunting if you have little or no experience of IT and computer-related issues. It is easy to ignore cyber-crime, but if it effects your business, you won’t be able to.
Cyber Insurance with Just Quote Me
Just Quote Me operates a lot of its business online so we know just how important cyber insurance is. Even single-person businesses shouldn’t think they are immune to cyber-crime. Our experienced insurance experts will work with you to find suitable quotes. You can then explore your options and find the right level of cover for your business.
Please get in touch with us today to discuss your business needs and to go over your cyber insurance quote options
