Summer 2020 Newsletter – Coronavirus to Cyber Security to Insurance
Our summer newsletter covers everything from the good things to come out of the coronavirus crisis to how you need to adapt your business insurance to IT security best practices. Below are just some of the highlights so if you'd like to read the newsletter in full, please click here.
Starting Equipment After An Extended Shut Down
Following an extended period of shut down, the parts and components of machinery can become corroded, seized or strained, potentially leading to breakdowns or catastrophic failures if not given the proper care before switching on again.
Employer Advice - Returning to Work After Lockdown
Following the latest announcements from Downing Street, we are conscious that employers are seeking advice on protecting their business and adapting their place of work in the right way. To support you in this, we have collated various links and guidance in the following 'Returning to Work' pack.
COVID-19 Unoccupied Property pack: Risk Management and Insurer Stance
Passing days in the Coronavirus pandemic brings new challenges on time-sensitive insurance features, including unoccupied property cover – a standard component of any commercial insurance policy.
Cyber Security: Protecting your Business During the COVID-19 Pandemic
As the nation moves to a home working environment, the security of our data and systems will be tested like never before.
Hardening Insurance Market; What It Means To My Business
The insurance market is cyclical. Like a pendulum, it fluctuates constantly between a hard market and a soft market. The International Risk Management and Insurance Society (IRMI) identifies such a market as ‘the upswing in a market cycle, when premiums increase and capacity for most types of insurance decreases.’ It goes on to say that a number of different factors contribute to this, including ‘frequency or severity of losses, and regulatory intervention deemed to be against the interests of insurers.’