With 31 regions across England currently trialling e-scooters as part of the drive towards Net Zero, David Nichols, chief claims officer at Zurich, considers what the consequences of legalising these vehicles will be for both insurers and policyholders.
House fires sparked by candles have hit their highest level in more than a decade as people cut back on electricity to reduce soaring energy bills.
The challenging economic environment in the UK is leaving small to medium-sized enterprises (SMEs) open to significant levels of uninsured risk.
Risk Management Information Systems are a necessary part of any risk mature organisation but what are they and where do they add value?
Hot work is an integral part of many construction or maintenance projects, and with it comes multiple hazards that need to be managed, so it’s important to be fully aware of the risks and your obligations.
Construction sites continue to be targeted by criminals who recognise the financial value of plant machinery and equipment.
Such unpredictable and extreme weather prompts the recurring question, whether this will be a year where insurers see an overall increase in the number of subsidence claims reported to them.
When it comes to fraud affecting a business it’s a matter of ‘when’, rather than ‘if’. Fraudsters are increasingly inventive: your team could be targeted, your relationships could be used … even your online profile could be a risk.
For SMEs facing squeezed margins, insurance premiums may seem like a grudge purchase. Some products may be regarded as a discretionary overhead among those who don’t fully understand their risks or how being underinsured could prove catastrophic to their business. Yet insurance can be key to SMEs’ ongoing survival by providing a financial safety net in unforeseen circumstances, when they are the least able to withstand substantial losses.
Escape of Water (EOW) is a term used to define a water leak in a property. It usually occurs in instances where there is a catastrophic burst or slow leak from the plumbing or heating system involving pipes and joints, but also appliances or even faulty bathroom sealant.