Young people can be keen to learn and may bring fresh perspectives and ideas into the workplace. However, their capabilities are generally less developed than those of experienced and mature employees and their individual characteristics must be taken into account.
The portion of businesses buying cyber insurance reportedly doubled in 2020. Unfortunately, the very same factors that led to this rush to buy, have also led to a change in the dynamics of the cyber insurance market. More cyber criminals are being drawn into the space by increasingly lucrative earnings, and this has led to a rise in frequency of claims.
Food and beverage are the largest of the UK’s hospitality sectors and one of the UK’s biggest employers. While the industry is a dynamic and diverse one, businesses are exposed to a common set of risks – from property and equipment to the food itself and, of course, reputation.
The in-depth report shows increased concern in respect of the UK economy. With 44% of all businesses having obtained financial support during the Pandemic, the end of Furlough and increased energy prices it estimates 21% are struggling financially with expectations circa 8% are likely to close.
Underinsurance ‘made worse’ by rising construction costs
Recent data from RebuildCostASSESSMENT.com has highlighted how on average, buildings are covered for just 68% of the amount they should be in Britain. However, with rebuild costs rising rapidly, the current situation is likely to be even worse.
Good ventilation in the workplace can help reduce the spread of coronavirus
As coronavirus spreads through the air, the virus can build up in poorly ventilated areas, increasing the risk of infection. It is a legal requirement for employers to ensure an adequate supply of fresh air (ventilation) in enclosed areas of the workplace.
Lack of Cyber Cover Leaves SME’s Exposed to Attacks
86% of SMEs do not have any cyber insurance in place according to a recent survey by Aviva. This lack of insurance protection comes at a time of rapid digitisation, with statistics showing that 41% of SMEs updated their website in response to the pandemic while 39% moved online or improved their online offering.
The UK vaccination programme is the biggest inoculation campaign the country has ever undertaken. With over 43 million individuals now having had their first jab there are still demographics in the UK that have lower uptake as well as those who are reluctant to get vaccinated.
Returning to work safely as COVID restrictions in Scotland are eased
As lockdown measures ease in Scotland, businesses need to remain vigilant and make sure their COVID-secure measures, as well as other health and safety measures, are in place to protect workers, visitors and others.
Phishing attacks – how to identify the common types
Scammers send fake emails to thousands of people, with links to bad websites or asking for bank details and other sensitive information. Whatever your business, you will receive phishing attacks. This article contains the first steps you need to take to help you identify the most common types.
The Cyber Security Breaches Survey 2021 report shows the cyber risk to organisations is heightened because of the pandemic, which has made securing digital environments more challenging as organisational resources are diverted to facilitating home working for staff.
Buildings should always be insured for the amount it would cost to rebuild them. However, fewer than one in ten commercial properties in the UK are covered correctly. Read our article for some guidance on this issue.
Suitable insurance forms a vital part of business continuity planning – but how can you be sure that you are buying the right amount of cover? Here we share some top tips from ‘How to avoid underinsurance – A guide for small and medium-sized businesses’ produced by the British Insurance Brokers’ Association.
On 15 January, the Supreme Court handed down its judgment on the FCA’s business interruption test case. It remains the case that most SME business interruption (BI) policies are focused on property damage and only have basic cover for BI as a consequence of property damage, so are unlikely to pay out in relation to the COVID-19 pandemic and its effects.
It is important to distinguish between temporarily closed premises due to COVID-19 and previously longer terms unoccupied premises, the responses contained below are specifically for temporarily closed premises due to government guidelines and will not apply for premises that fall outside of the guidelines.
A post-Brexit trade deal could be sealed as talks between the UK government and European Union continue this week. Before the weekend, both parties said that ‘no-deal’ was the most likely outcome. Whether or not a deal is agreed, you should ensure that your business is prepared for operating under new rules.
If you suffer a large loss, your main priority will be to get your business back on its feet again as soon as possible but dealing with the insurance claim can be a complex and time-consuming process. Find out how Lorega can help.
The Financial Conduct Authority (FCA), the UK’s financial conduct regulator, brought court proceedings in July 2020 to test how certain business interruption insurance policies respond to claims arising from COVID-19.
COVID-19 has caused many businesses to shut down or transition their employees to work from home and now as many employees look to return to the workplace, you need to have a plan in place to ensure this is done safely.
The financial impact of Coronavirus is affecting individuals and businesses up and down the country – we understand how worrying this time may be for you. The Government is offering a range of support packages to help people through this difficult period and there is a range of support offered by non-governmental bodies.
In accordance with Government advice, most of our teams are now working from home. Our robust business continuity plan and cloud-based systems have enabled us to transition to remote working with no impact on client service. All our contact details remain the same, and we have the technology and people in place to deliver what you our clients need.
Irrespective of whether or not the Government orders closure of a business, the vast majority of firms won’t have purchased cover that will enable them to claim on their insurance to compensate for their businesses being closed by COVID-19.