Risk advice and insurance for
I provide bespoke risk advice & insurance solutions for small and medium-sized businesses including start-ups, sole traders & established small & medium-sized companies.
To find out if I can help you insurance your business, use my super simple online booking system to set up a meeting with me.
Protecting your business’ property, assets, people and income
Business insurance needs vary widely. Many different factors, including industry sector, location and size, will determine the type of insurance your business needs to survive and thrive.
I understand from personal experience that running and growing a business requires a lot of effort and deep financial reserves. Besides keeping up with your day to day tasks, making sure there’s enough money to cover the running costs, keeping your customers super happy, and forecasting and managing cash flow, you are are surrounded on all sides by risks many of which can ruin your business. But many can also be insured.
Indeed the one thing you should expect to be able to count on is the protection offered by commercial insurance – you want comfort that you will avoid losing everything you have worked so hard to create to a single disaster.
A comprehensive portfolio of commercial insurance policies will help to keep your business protected. Because the risk is so diverse it is important to talk to a specialist experienced in placing insurance programmes for a wide range of businesses.
As ever, my most important goal is to provide the risk advice and insurance solutions that each of my clients demands and needs. If you have something you’d like to discuss, please get in touch or book a meeting with me.
Insurance for Business
I can help SME businesses with many types of insurance including…
No matter your business’ size, industry or location, the threat of a fire still looms. It only takes a few seconds and a few ingredients for a fire to ignite—and another instant for it to engulf your business. You cannot eliminate the possibility of fires; regardless of fire prevention strategies you invest in, the threat will persist. Bolster your fire prevention strategies and protect your business by purchasing robust cover as part of your commercial property insurance policy.
If a fire causes the facility to be temporarily unusable, what would you do next? Would your business be able to pay utilities, wages or any other standing charges without income? It could take months before the damaged property is rebuilt and the stock, machinery and equipment are repaired or replaced. Ideally, you would move to a temporary location while your permanent place of business is being repaired. Yet, traditional property insurance does not cover this move or a loss of income when a business must temporarily close. This setback can be minimised by adding business interruption (BI) insurance to your property insurance policy.
Terrorism is not new, but the frequency, audacity and geographical reach of terrorist attacks have noticeably increased in recent years. Understandably, business owners, risk managers and insurers are concerned with mitigating the risks posed by increasingly prevalent, damaging and random terrorist attacks. Because losses, costs, damages and expenses from terrorism are typically excluded from standard commercial insurance policies, terrorism cover must either be added on as an extension or purchased as a stand-alone policy. By adding terrorism cover to your policies, you can protect your business from this evergrowing set of hazards.
As an employer, you need to ensure that your employees have a safe working environment, and part of that means conducting inspections on and maintaining work equipment. The purpose of an inspection is to identify whether work equipment can be operated, adjusted and maintained safely and to detect and remedy any issues before it results in a health and safety risk.
Because your business depends on functioning equipment to operate and maintain revenue, a breakdown could be devastating. The threat of breakdown is increasingly prevalent because technologically advanced equipment tends to be sensitive and can easily sustain damage that causes breakdowns. The losses sustained will continue to increase with the rise of just-in-time manufacturing, Internet marketing and improved supply chain management. Problems with your equipment can be extremely risky if you are not properly insured. Equipment Breakdown Insurance will cover you in the event of damage or a breakdown.
Employers’ liability insurance protects employers from claims of negligence made by employees who suffer injury or ill health due to their work. Unlike most other types of insurance, employers’ liability insurance is compulsory. If you employ workers based in England, Scotland or Wales (including offshore installations or associated structures), your company must carry employers’ liability insurance to avoid fines.
From the moment you begin the pre-hiring process until the exit interview, you are vulnerable for an employment related claim. As a result, your business should take a hard look at whether it can afford to defend itself against alleged wrongful employment practices accusations. If not, there is an insurance solution called Employment Practices Liability Insurance (EPLI) that protects against employment related claims, including wrongful termination, discrimination or sexual harassment from your current, prospective or former employees. This cover applies to directors, officers and employees, and sometimes extends to third party liabilities.
Employment-related legal actions are a growing concern for employers of all sizes. As costs for litigation and damage awards climb, experts predict that employment liability will only become more complex. As a result, it is critical for employers to understand their exposures and options to manage the risk.
There has been an increase in litigation concerning workplace issues over the past few years, with employment tribunals awarding thousands of pounds for individual claims. This increase in litigation is partially due to employees becoming more aware of their rights and the implementation of worker-friendly employment regulations. Employment regulations affect both small and large businesses, yet alarmingly, many small businesses do not have employment practices liability insurance (EPLI) cover to protect against these claims.
The only way to effectively protect the assets of your business is to carry adequate insurance cover. Liability insurance protects your business from damages caused by bodily injury or property damage for which your business is found to be legally liable.
Most people think that only businesses in certain industries such as waste management or chemicals manufacturing need environmental impairment liability. However, all businesses need to assess their environmental liability risks and review how their activities could affect the surrounding environment. Natural or man-made pollutants can be released through many different processes, and they take several different forms—including gases, powders and liquids. Businesses may not even be aware that they are gradually poisoning the surrounding environment by leaking pollutants.
The need for professional indemnity (PI) cover has grown over the past several decades as more people enter professional service-based occupations. While PI insurance still covers ‘traditional’ professionals, such as doctors, solicitors, accountants and architects, a new market of professionals now need to consider PI cover. Whether a traditional or new professional, you can protect yourself, your business and your reputation by investing in professional indemnity cover. PI insurance safeguards against catastrophic losses in the event of a legal action due to a negligent act, error or omission by the professional. In addition to claims of error, omission or negligence, PI insurance may also protect against slander, libel and breach of contract.
As an engineer or architect, you work in a highly skilled, detail-oriented industry and are expected to provide quality design services that are free of errors. Despite your expertise, the reality is that not all projects are error-free and mistakes are bound to occur. Even the smallest error can have serious consequences. If a client believes damages are due to a mistake on your part, they can sue your company. It is important to protect yourself against this potentially devastating liability. A professional indemnity policy will cover these costs in the event of such a claim, which may otherwise financially cripple your business.
All solicitors in the United Kingdom are required to have professional indemnity insurance by their regulatory bodies. Solicitors in England and Wales are regulated by the Solicitors Regulation Authority (SRA), which sets out minimum terms and conditions that must be included in all solicitor professional indemnity policies. Solicitors in Scotland and Northern Ireland are regulated by their respective law societies, and their professional indemnity insurance policies are created through a compulsory Master Policy. It is imperative that solicitors and law firms recognise emerging professional indemnity risks and do everything in their power to protect themselves from those risks.
Everybody makes mistakes. However, depending on your profession, one mistake could ruin your career if you neglect to purchase professional indemnity (PI) insurance. PI policies help protect professionals—such as accountants, engineers and architects—from any errors that they may have made while doing their jobs. These errors can include things like making a simple accounting mistake, providing negligent advice or constructing a structurally unsound building. With a PI policy, professionals are protected from claims filed by customers following errors. However, this type of policy only provides cover for errors made by active professionals. What happens when a PI claim is filed after a professional has ceased trading?
In today’s business climate of corporate transparency and accountability, an organisation’s officers and directors face a myriad of employment-related exposures. Claims can come from many sources, employees, regulators, shareholders, creditors, customers, etc. Ever-changing regulations, increased employee awareness of employment rights as well as the rise of shareholder activism means directors are more frequently at risk, translating to rising claims and escalating settlement costs.
Despite proper risk management practices, even the most successful and prepared organisations can find themselves suffering from the consequences of a legal dispute. And dealing with litigation problems certainly isn’t cheap—whether it be hefty fines and legal representation costs or excess time spent away from the office, such disputes can leave businesses with a broken bank and a tarnished reputation. Fortunately, insurance policies such as commercial legal expenses cover can help protect your organisation in these circumstances and set you on the road to recovery.
As technology becomes increasingly important for successful business operations, the value of a strong cyber-liability insurance policy will only continue to grow. The continued rise in information stored and transferred electronically has resulted in a remarkable increase in the potential exposures facing businesses. Regulations such as the General Data Protection Regulation (GDPR) must also be considered, because a loss of sensitive personal information may subject you to fines and sanctions from the Information Commissioner. In an age where a stolen laptop or hacked account can instantly compromise the personal data of thousands of customers, protecting yourself from cyber-liabilities is just as important as some of the more traditional exposures businesses account for in their general commercial liability policies.
You may think that your employees would never steal from you or that your business would never be the victim of theft, but the harsh reality is that nearly every business is eventually victimised by fraud or theft. Thieves (including your employees) do not need direct access to cash to steal from you; merchandise, supplies and securities are all vulnerable. Criminals can steal finished products or even raw materials without your knowledge. Make no mistake: Any product can be a target if there is an opportunity to make a profit, which is why you need crime cover.
As intellectual property (IP) becomes a vital part of more firms’ assets, businesses must consider the additional exposures they face. While certain industries such as manufacturing, computer software and pharmaceuticals face higher exposure levels to IP infringement suits, almost all businesses today must consider the possibility of a claim.
Most people think that personal accident insurance is only purchased by individuals through their personal lines policies, but businesses can also benefit from buying personal accident insurance. Group personal accident policies can be purchased by employers as a benefit for employees and their dependents. They can also be purchased to protect against the financial effects of losing the services of an employee. The insurance can be used to help the company recruit or train new staff while an employee recovers from a covered injury, or it can help pay ongoing wages to an injured employee.
Travelling for work can pose many risks to your employees. Whether travelling within the United Kingdom or abroad, they must accomplish the goals of their business trips while also dealing with the unfamiliarity of their surroundings and the accompanying risks. Because the primary objective of a business trip is completing deals and company objectives, travel risks are often neglected or overlooked, which can lead to unpredictable situations. Business travel insurance can alleviate your concerns by providing protection for your employees while on their business trips. Use this overview of business travel insurance to help prevent your employees from being left vulnerable when travelling for work.
Managing your business’ fleet of vehicles—worth anywhere from a few thousand to millions of pounds— can seem like a Herculean task. As a fleet owner, you must ensure your employees are authorised to drive, that each vehicle’s use is covered in your insurance policy and that you can add or remove vehicles from your policy to coincide with your business’ needs. Fortunately, with a bespoke motor fleet insurance policy you do not need superhuman strength to manage your business’ vehicles. Compared to standard motor insurance policies, the average motor fleet policy is much more robust and flexible, making your job easier by reducing driver restrictions and allowing you to regularly add or remove vehicles from your policy. Unburden yourself by securing a comprehensive motor fleet policy for your business.
Whether it’s brand new or just new to you, buying a vehicle is one of the most significant purchases that you will make during your life. It requires hours of research comparing different makes, models and features even before you start hunting for the best deal. Unfortunately, after all of that work, once the front tyres of your vehicle leave the forecourt, it begins to lose its value. After the first year, your vehicle will depreciate about 40 per cent of its original value, according to the Automobile Association (AA). What’s more, after three years, its value will depreciate up to 60 per cent. This can be a disheartening truth, especially after all the time and effort you invested in finding your new vehicle, but fortunately, there is something that you can do to prevent this rapid devaluation. In the event that you are in an accident or your vehicle is stolen, guaranteed asset protection (GAP) insurance provides you with compensation equal to the original value of your vehicle when you bought it.
The point of purchasing an insurance policy is to protect you and your business against inordinate and unexpected costs. However, even with an insurance policy in place, you will most likely still be liable for the ‘excess’, or the amount that must be paid by the policyholder before the insurer pays out on a claim. Therefore, if your insurance policy has a high excess, you are not completely protected against surprising and unexpected expenses. Paying high excesses can hurt your business’ bottom line and take money away from other areas such as expansion and growth. By purchasing an excess buyback policy, you can help soften the blow of having to suddenly pay a large excess in order to receive insurer compensation. Consider securing excess buyback cover to make sure your business is fully covered.
There are a host of risks presented by companysponsored events. Whether you are planning a conference, consumer show, corporate holiday party or otherwise, it is important to review and understand the limits of your insurance cover before planning your event. Even if you are on a budget, consider the importance of a combination of covers, including property cover, public liability cover, employers’ liability insurance and cancellation insurance.
Running a public or private vehicle hire can be treacherous—your drivers are transporting strangers all over the city at a rapid-fire pace. Accidents can occur at any time, threatening the safety of your employees and the viability of your business. Ensure your business and its vehicles keep moving forward with a public and private vehicle hire insurance policy. Like personal vehicles, all hire vehicles are required by law to have insurance. Stay compliant and safeguard your business’ future by purchasing a comprehensive public and private vehicle hire policy.
Care homes cannot afford disruption to their business operations—and neither can their patients and residents. As the owner or manager of a care home, you are responsible for ensuring your business remains economically viable so it can continue offering quality care to those who need it. Patients’ and residents’ well-being depends on the success of your business… Purchasing a comprehensive care home insurance policy can fortify your business against hazards and keep your doors open in the face of a disaster.
When running a pub, you face a variety of risks that can endanger the viability of your business. Due to the nature of your clientele and manner of operation—long hours, late closing times, crowded premises and drunken customers—a number of risks you’re exposed to are unique to the pub industry.
Business in the hotel industry can be precarious. Local events for out-of-towners, currency fluctuations, inclement weather, the health of the economy and the affordability of travel all influence hotel occupancy rates. Despite everything you do, a certain degree of fickleness remains. You face a challenging, inconsistent industry. Do not crumble in the face of instability—fortify your business operations by purchasing a comprehensive hotel insurance policy. Use the following overview of hotel insurance to make sure your cover is seamless, leaving no holes that expose you, your business or your
employees to undue risk.
Mobile caterers, which includes traditional caterers, food trucks (or trailers) and pop-up food stalls, have been gaining popularity for their inventive menu items and flexible schedules. As a mobile caterer, you are most likely passionate about producing delicious, creative dishes for customers in both conventional and unexpected locales. However, operating out of a mobile kitchen can expose your business to hazards that are unique to your culinary environment. Therefore, to better protect your business, you may want to consider purchasing mobile catering insurance.
By its very nature, sport is unpredictable. No one knows at the outset who will win a match. Players could suffer injuries. Officials could make biased calls. Fans could become overly rowdy. Anything can happen—that’s why people love it so much. However, that uncertainty also generates significant risk for owners or managers of sports entities. With so many variables threatening health and safety at a match, unpredictability is sport’s greatest draw and one of its biggest hazards. When you run a sports club, league, association or governing body, you need a tough sports insurance policy that provides solid a defence against neverending uncertainty.
Printers confront a slew of hazards every day. The growing pressures on the printing industry and unyielding deadlines combine to create an environment in which expediency is highly valued. Add heavy, fast-moving machinery and toxic chemicals to the mix and printers’ jobs become downright dangerous. As the owner or manager of a printing firm, your business’ unique health and safety hazards coupled with the demands of a changing industry can seem intimidating. But with printers insurance you can rest easy and let your business flourish undeterred by the industry’s numerous hazards. Keep the presses humming along with a comprehensive, bespoke printers’ policy.
Warehouses are the vital links between businesses and their customers. Without the support of proper warehousing and distribution services, businesses’ already tenuous supply chains can snap under the pressure. This could result in products not being able to find their way to customers and businesses subsequently collapsing… But purchasing a comprehensive warehousing and distribution insurance policy can protect against these risks and more.
The waste and recycling industry is vital for keeping communities clean and providing environmentally friendly ways to reduce waste. Due to heavy investment in evolving technology and government support, this industry continues to grow. However, it also remains hampered by its own methods, which are perilous for workers. The dangerous nature of waste and recycling work can make insurers wary. Without bespoke waste and recycling insurance, you risk letting your business go up in flames.
Operating a self-drive hire company comes with all sorts of risks. Balancing these risks and your profits can be tricky—you must properly appraise drivers and manage your vehicles all while promoting profitability. Things get even trickier when operators have to insure a whole fleet of vehicles rather than just a few. More cars for hire means more risk exposure, and reducing this exposure is vital for the success of any self-drive hire company. A poor claims history can increase your premiums and operating costs. The following provides an overview of self-drive hire insurance and several ways to manage the risks associated with offering selfdrive vehicles for hire.
The motor trade industry is expansive. It encompasses businesses that sell, repair, trade, enhance or test vehicles. As the owner of a motor trade business, the risks you face may be very different from another business in the same industry. Motor trade cover needs to be as diverse as its industry in order to account for the unique risks facing all motor traders. Motor trade cover generally offers protection for businesses that deal with vehicles belonging to customers—but it can be more complicated.