Business Insurance | Finance

Flux launches public liability scheme for car clubs

Car clubs need public liability insurance if they take part in public shows and events. It was a prohibitive expense for many clubs, until Flux launched its club public liability (PL) scheme earlier this year. It cut the cost to as little as £110 per year and has been very popular – so much so that Flux is now expanding it to cover 'business all risk'.

Post Office launches new business insurance

The Post Office has announced the launch of its new business insurance, further extending the range of services offered to UK businesses at Post Office branches.

Directors and officers at greater risk of being sued

As more businesses face liquidation, directors and officers are at greater risk of being sued, says Aviva.

Defaqto launches commercial insurance ratings

Independent financial research company Defaqto has expanded its Star Ratings offering to include commercial insurance ratings.

Businesses more likely to feel the pinch this summer

Summer security shortfalls are potentially putting two million small businesses at risk of burglary, according to research by specialist business insurer Hiscox.

All sized businesses urged to keep health & safety a priority

Despite the recession, the majority of large businesses in the UK still recognise the importance of health and safety, says Aviva Risk Management Solutions (ARMS), the new name for Norwich Union Risk Services.

Legal & General launches business valuation tool

Legal & General has launched an online business valuation tool to help SMEs calculate how much shareholder or partnership protection they need.

Businesses warned of the threat of flooding

New research from Sainsbury's Loans reveals that there are currently just four lenders, of which it is one, offering an APR of less than 8% on unsecured loans on loan amounts between £5,000 and £15,000.

166% rise in cost of trade credit insurance claims

Latest ABI figures show that trade credit insurance remains a vital lifeline to businesses that are hit by the effects of the recession. In Quarter 1, 2009:

Changing nature of agriculture brings more risks

As the agricultural industry diversifies and the risks multiply, employers must be aware of the dangers to employees and visitors, warns Aviva.

Intermediaries must meet challenge of Banks and Direct Market

Defaqto's first Insight Report into the SME Commercial insurance market warns brokers that they need to meet the challenge of Banks and Direct insurers.

HSBC makes protection easy for small to medium size businesses

HSBC has launched a unique insurance service for small to medium sized businesses (SME) that allows business owners to "mix and match" its various elements to perfectly suit their needs.

Over 650,000 UK businesses struck by crime

No company likes to be a victim of crime but a new survey by insurer RSA has found that it's a regular occurrence for a significant number of businesses and they are incurring thousands of pounds of damage as a result.

Insurance comparisons made easy for SMEs

From today, small and medium enterprises (SMEs) can easily and quickly compare a variety of business insurance products through one website - comparethemarket.com.

Employers' liability compulsory insurance regulations

Kate Syred, Head of Direct Line for Business, comments on the changes to the Employers' Liability Compulsory Insurance Regulations: "We welcome the change of the ELCI rules that came into play on Wednesday 1st October, which recognises the changing face of workplaces today, especially with many businesses now employing staff who work remotely. Being able to display employers' liability insurance certificates online will ensure these types of businesses can now easily and efficiently meet the legal requirement to display their certificate of cover to all relevant staff members.

Boom in online shopping brings new risks to retail industry

Despite the current turbulent economy and low consumer confidence, online retail spending is forecast to increase by 220% within the next four years.

Allianz Commercial enhances legal expenses offering

Allianz Commercial has increased the sum of legal protection it provides to customers to £100,000 across a range of SME policies.

More companies take up trade credit insurance

The number of companies taking out credit insurance increased by 10% during 2007, according to figures from the ABI (Association of British Insurers).

Businesses warned to pay due care and attention

After some of the most severe snow for 20 years, insurer Direct Line for Business is urging business owners to ensure they limit the possibility of customers and staff slipping and getting injured.

Heath Lambert joins with MTA to offer bespoke insurance services

Heath Lambert Group, the UK independent insurance broker and a specialist in putting together affinity schemes, has teamed up with the Manufacturing Technologies Association (MTA) to provide a new service for MTA members.

Allianz Commercial launches online legal solution

Allianz Commercial has launched a new online legal protection service available to all Allianz SME policyholders.

Insurance agents banned for illegal trading

The Financial Services Authority (FSA) has banned Stephen Fryett and Richard Baines from performing any role in relation to regulated financial services activities.

Premierline launches Direct Benefits Programme for SMEs

With small businesses feeling the strain of the current economic climate and looking at ways to maximise the service they receive from suppliers, Premierline Direct, the business insurance specialist, has enhanced the support it provides to its UK business customers with the launch of the Premierline Direct Benefits Programme. It’s the first business insurance provider to offer such a benefits package.

Norwich Union advises tradesmen to adopt safe working practices

Norwich Union, soon to be Aviva, is urging tradesmen to adopt best working practices to protect themselves, their customers and their business, as part of its 2009 Simply Safety campaign.

Twenty one vans broken into every hour in the UK

The UK's three and half million van drivers are helping make thieves lives easier according to research from Direct Line for Business. With 51 per cent not having an alarm fitted, 42 per cent without an immobilizer and 16 per cent not even locking their vehicle, it's no surprise that 560,000 (16 per cent) have been broken into in the last three years.

Record fire damage costs spark fears in surge in large-scale fires

Businesses and homeowners battling through the recession are being hit by an increasing fire threat according to figures by the ABI (Association of British Insurers). The cost of fire damage in 2008 rose by 16% on 2007 to a record £1.3 billion - £3.4 million every day. The figures show that in 2008: