Since the decision to leave the EU in 2016, the ways manufacturing organisations are conducting business outside of the UK in changing. With much of the world prepare to pay up to 22% more for British-made goods, read how you manufacturing business can make the most of this opportunity.
With GDPR just around the corner, it’s becoming a popular topic of conversation among many businesses. Organisations who do not comply with the new law will face fines of up to €20 million (approx. £18 million) and potential damage to their reputation. In this blog post we give you 12 simple tips on how to prepare your business for the GDPR.
If your business operates in the construction sector, you’ll know how complex it can be managing supply chain risks, and how there is increasing pressure on managing, mitigating and transferring them effectively. Such delays can impact the commercial, design, logistical, quality and safety risks, which often negatively influence the businesses operations, project management and reputation. Read how you can efficiently manage your supply chain risk.
Simply put, motor fleet insurance is cover for multiple business vehicles on a single policy. These can be all the same type of vehicle, or a combination of cars, vans and trucks. Many insurers offer cover for fleets of at least 5 vehicles, however here at Insync we can cover fleets with 3+ vehicles. Read our blog post to learn more about motor fleet insurance and whether your business needs it.
With the GDPR dominating the headlines over the past year, the Privacy and Electronic Communications Regulations (PECR) has taken a backseat. Just like the GDPR, the PECR focuses on streamlining digital interactions with customers, and although it has existed since 2003, the law is getting a major overhaul in line with the GDPR. Read more here.
When taking out a new insurance policy, it’s important you understand exactly what your policy covers as failure to do so may leave your business underinsured or unable to fully recover after a disaster. This is a common problem with Business Interruption (BI) insurance as policies are defined by both the indemnity period and the sum insured. So what exactly is an indemnity period?
Underinsurance remains an issue in the UK with an estimated 40% of businesses not being correctly covered. Nevertheless, there are simple steps you can take to kick the new year off, to update your insurance policies from 2017, and give your business a refresh with peace of mind that everything’s covered.
As a small business, it can be hard juggling your workload; your finances, your customers, your staff, where do you start? Well here at Insync, we’ve got your insurance needs covered. Whatever type of business you are running, whether you’re self-employed or a business owner, we can help. That’s why we’ve created this blog post to give you an insight into which types of insurance you might need.
Buying a brand-new car is an exciting time but did you know that as soon as the front wheels drive off of the forecourt, your shiny, new investment is likely to depreciate by about 40% in its first year, according to Automobile Association (AA). Read why GAP insurance may be right for you.
As a small business owner with a motor fleet, the thought a staged accident or injury claim by an employee can be costly. These falsified claims cost billions of pounds per year and the expensive pay-outs mean increased insurance premiums year on year. Read how you can prevent fleet fraud in your business with our simple tips.
Business interruption (BI) insurance can often be a lifeline to businesses after a disaster to help get them back on track and recover from the damage; but which cover is best? Read this article to find out more.
When handling stock, its important to select the correct stock sum insured amount to cover your business in the event of a claim. The stock sum insured also forms the basis of an insurance premium, so essential to get it right and avoid underinsurance.
The introduction of smart devices and the Internet of Things (IoT) have enabled businesses to streamline and automate many of their everyday processes that were previously human driven. From smart burglar alarms to sensors that detect irregular actions, there is the potential for businesses to transform the way they operate. Read how to keep your business data safe with IoT.
Just like all organisations, charities are highly susceptible to fraudulent activity. In fact, the Office for National Statistics announced that fraud is the most reported crime in the UK and that the charity sector loses at least £150 million per year to it. Read how your charity can prevent fraud.
The 25th May 2018 marks the day that the General Data Protection Regulation (GDPR) is being introduced and the rules on data security for businesses are becoming stricter. This raises the issue that directors and officers carry more liability than ever before, and industry experts are wondering whether they will soon be held personally liable for cyber-breaches. Read hoe this may affect your Directors and Officers liability and what your next steps are.