2021 – Top ten risks facing UK businesses
The in-depth report shows increased concern in respect of the UK economy. With 44% of all businesses having obtained financial support during the Pandemic, the end of Furlough and increased energy prices it estimates 21% are struggling financially with expectations circa 8% are likely to close.
Underinsurance ‘made worse’ by rising construction costs
Recent data from RebuildCostASSESSMENT.com has highlighted how on average, buildings are covered for just 68% of the amount they should be in Britain. However, with rebuild costs rising rapidly, the current situation is likely to be even worse.
Good ventilation in the workplace can help reduce the spread of coronavirus
As coronavirus spreads through the air, the virus can build up in poorly ventilated areas, increasing the risk of infection. It is a legal requirement for employers to ensure an adequate supply of fresh air (ventilation) in enclosed areas of the workplace.
Latest police data shows that £17.5m of tools were stolen in London last year
With almost £57,000 of tools stolen every day in 2020, according to data from the Metropolitan Police it’s more important than ever to ensure that you are insured.
What’s the difference between a labour only subcontractor (LOSC) and a bona fide subcontractor (BFSC)?
Explore the differences between a labour only subcontractor (LOSC) and a bona fide subcontractor (BFSC) and find out if you need Employers Liability Insurance.
A quick word about recruitment…and please say hello to Jo
Recruitment is a serious business for any company, particularly in my opinion for SME’s involved in the provision of professional services.
Mr Apple…meet Mr Orange
Like everyone else, we love a good price comparison website, in fact when it comes to buying TV’s, refrigerators or even cars, we would always take a quick look to see who’s offering the best deal, it just makes sense.
Rebuild Cost Assessment
Buildings should always be insured for the amount it would cost to rebuild them. However, fewer than one in ten commercial properties in the UK are covered correctly. Read our article for some guidance on this issue.
FCA Policy Checker
Clients with business interruption (BI) insurance can now refer to a policy checker provided by the Financial Conduct Authority (FCA).
FCA Test Case Supreme Court Judgment
On 15 January, the Supreme Court handed down its judgment on the FCA’s business interruption test case. It remains the case that most SME business interruption (BI) policies are focused on property damage and only have basic cover for BI as a consequence of property damage, so are unlikely to pay out in relation to the COVID-19 pandemic and its effects.