Concept of Business Interruption

Business Interruption Insurance & The Importance Of Setting An Appropriate Indemnity Period

Business Interruption Indemnity Periods Business interruption provides cover for the loss of profit or loss of revenue following damage or disruption to business premises. This can also include the supply chain that prevents a business from trading normally or prevents trading altogether. Included in that policy is an indemnity period. This is the maximum period …

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Cyber Insurance Concept

Cyber Insurance Guide

CFC have recently released their first ever cyber guide, explaining how cyber risk and insurance has evolved and how a good cyber policy addresses modern exposures. Below we have briefly summarised the key points of the guide, however the full cyber guide can be found via CFC’s website. What Does Cyber Mean? “Cyber” is on of the …

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Risk Management Concept

Top Five Ways To Minimise Risk In Your Business

It is of upmost importance that your business has arranged insurance cover specific to the needs of your business, whether that be professional indemnity, employer’s liability, public and product liability, directors and officer’s liability or office buildings and contents insurance. Within every workplace, risks are always going to present and whilst all cannot be avoided, …

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Risk Management Concept

The Most Important Risks For Businesses In The United Kingdom

In a recent article, Allianz have identified the top corporate perils based on the insight of risk management experts from around the world. Below the risks have been ranked most important by respondents within the UK. 1. Cyber Incidents / Changes in Legislation And Regulation As cyber incidents are ranking as one of the highest risks, it proves …

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Architects Working On Plans

The Importance Of A Written Design Brief For Architects

A recent Technology and Construction Court decision has highlighted the risk for architects (and their professional indemnity insurers) of failing to agree a design brief with their client in writing. The design brief should set out the client’s requirements and should record any changes or developments of that brief as the project progresses. A failure …

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