Blog Category: Commercial Insurance
December 2024
Workplace fires: Common causes and statistics
The following information has been compiled to shed light on the significant fire risks UK businesses face. All data was sourced from the UK’s Fire and Rescue Services and is the most up-to-date data available at the time of publishing. Key workplace fire statistics There were 7,000 workplace fires in 2023/24 The number of workplace...
Read MoreMay 2019
What is the Material Damage Proviso in a business interruption policy?
If you’ve taken out business interruption as part of your business insurance policy, there will usually be a material damage proviso. But what exactly is a material damage proviso and how does this relate to the rest of the business interruption insurance policy? What is Business Interruption Insurance? Before considering the material damage proviso,...
Read MoreNovember 2018
Business interruption insurance claims examples
Covid-19 Business Interruption –UPDATE January 2021: The High Court have now ruled that many rejected Covid-19 business interruption insurance claims should be paid. For specific information about this, please read our business interruption advice page here When a business is hit by a flood, fire or other disaster, the company’s work will usually be interrupted...
Read MoreOctober 2018
How to make a loss of business claim
If your business suffers a financial loss because of physical damage to your business premises, you may be covered by business interruption insurance. This can cover damage caused by a fire, water damage, or a natural disaster such as a hurricane or earthquake, as well as theft or any other physical damage to the property....
Read MoreAugust 2018
How is business interruption insurance calculated?
Covid-19 Business Interruption –UPDATE January 2021: The High Court have now ruled that many rejected Covid-19 business interruption insurance claims should be paid. For specific information about this, please read our business interruption advice page here Business interruption insurance is there to give you peace of mind that, should anything prevent your business from operating...
Read MoreOctober 2015
A seasonal warning for businesses
Oh dear. I’ve just come back from the supermarket and already the shelves are starting to display Christmas items. It’s far too early!!! But there is one seasonal message which needs to be spread. As we enter the run up to Christmas, lots of businesses will be taking on seasonal staff and, according to a...
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