Business Insurance
Insurance Alert for US and Europe
The current economic woes suffered by many countries have made it even more imperative than usual for businesses to make sure they are insured against known risks through proper business insurance. The latest news from trade credit insurer Coface underlines the truth of this statement. The company says there was a significant deterioration in the [...]
Willis Launches Special Product for Hoteliers
Being part of the business community, hoteliers face many of the same risks other businesses face, and they also face risks unique to the industry. Sometimes ordinary business insurance is not enough to address these specialised needs. Most of them would, therefore, be glad to hear about a new product just released by Willis. The [...]
Marsh Urges Greater Awareness of Environmental Risks
Business insurance to protect a business against known risks has become ever more important in today’s economic environment that is fraught with more risks than our forebears could ever imagine. One risk that is often neglected though is that of environmental liability. Some businesses are at higher risk of facing environmental claims than others and [...]
Tenants on Facebook Could Create Security Risk
Not many landlords probably give their tenants’ use of social media websites much thought. They would, therefore, be surprised at security firm Friedland’s claim that nearly 80% of ex-burglars who were interviewed expressed the view that sites such as Twitter and Facebook helped them to find victims. The problem, it seems, is that many people [...]
Water Damage has Negative Effect on Profits
When one thinks of business insurance it is often insuring business partners, getting protection against exchange rate fluctuations or insuring stock that comes to mind. Something as mundane as water damage could easily be overlooked. Yet water damage costs British commercial property owners millions of pounds every year if research carried out by Cadogan Keelan [...]
Marsh Releases new Trade Credit Insurance Policy
As we have so often said on these pages: all businesses operate in an environment fraught with risks. The best way to protect your business against known risks is with a suitable insurance policy. Small and medium enterprises often find it difficult to obtain adequate business insurance to protect them against known risks in the [...]
Company Directors Have Limited Understanding of Cyber Security
In a business world fraught with uncertainties, it makes sense to take out Public Liability Insurance against known risks and to take all reasonable steps to protect your business against potential threats. One of these threats is cyber attacks. Although more business managers are now aware of this risk than in the past, there is [...]
FTSE 100 Drops by More Than 2%
The woes of the Greek economy continue to wreak havoc on European markets. The FTSE 100 dropped (another) 2% as European countries struggle to come to terms with the question of whether Greece will be able to shoulder its financial responsibilities or not. At the same time a confirmed offshore oil find in French Guiana [...]
Shares Prices Decline After Renewed Eurozone Debt Fears
To an extent it would seem that an individual business is better off than national governments in the current world economic situation. At least a business can take out business insurance to protect it against bad debts, currency fluctuations and the like. On a national level economists do not seem to know how to cope [...]
Willis Launches new Nuclear Cover
We have always emphasised the importance of business insurance to protect a business against known risks that could otherwise seriously influence its ability to stay afloat. This type of insurance can take many forms, depending on what type of business you are in. What happened in Japan recently has, for example, heightened awareness of the [...]
