Challenges for food and drink companies When assessing credit risk in the food and drink sector, creditors need to understand the challenges that companies face. Retailers continue to place enormous price pressure on their suppliers, which has a consequent impact upon the supply chain. Combined with this, external issues continue to challenge their ability to [...]
Managing small fleet risk The Health and Safety Executive estimates one-third of all road accidents involve an at-work driver, which means it’s never been more important to ensure your vehicles are safe and your drivers are safety-conscious; options to help you manage your small fleet risks include: Telematics: Simple smartphone apps are available for small [...]
Export market opens up for SMEs The UK is a major global exporter and importer, but despite global demand, latest HMRC statistics reveal that for the last two years exports have remained flat whilst imports have grown steadily. This offers great opportunities for SMEs looking to enter the export market, but it makes sense to [...]
Are you ready for a Cyber-Attack? Cyber threat is one of the most significant risks facing UK businesses and is on the increase. Government figures in 2015 revealed 81% of large businesses and 60% of small businesses had suffered a cyber security breach. Cyber claims statistics from 2013 - 2016 show cyber extortion and ransomware [...]
Insurance Premiums on the Increase On Monday 27th February 2017, Lord Chancellor and Secretary of State of Justice, Liz Truss, announced that those affected by medical negligence, car crashes and other incidents will receive more money following changes to the way lump sum pay-outs are calculated. This has triggered predictions by insurance experts that premiums [...]
Cyber Liability In the Internet-dominated business arena we have found ourselves in, most companies retain more sensitive information than ever on their computers. But a worrying low number of small businesses have invested in cyber liability insurance to combat the potentially devastating effects of a cyber-attack. In fact, many small business owners are unaware of [...]
HOW MUCH LIABILITY IS ENOUGH? The cost of a serious injury or third party property damage for which you are found liable could be more than you think. Damages for personal injury claims have increased significantly in recent years. For example, in the case of Collier v. Norton, 2012, a record GBP23 million was awarded [...]
