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.
That time has rolled round again to renew your insurance policy, you’ve done your research and got your top three options, but which one should you go with? What makes good insurance cover? The price? The name? The reviews? Find out here.
If you’re starting a new business, no doubt you’ll be juggling start-up costs, essential resources and trying to raise your brand awareness. However, that is all pointless if you lose everything to a disaster that you could have easily insured against.
In February 2016, increased fines were introduced for breaches around corporate manslaughter, food safety and hygiene offences, and health and safety offences. Within the first twelve months the number of health and safety prosecutions against directors and officers tripled, yet many UK businesses still believe they do not need Directors and Officers (D&O) insurance and see it is an unnecessary and additional cost.
Many traditional high street stores are embracing the online world, not only to see goods online, but also to enhance customer relationships, attract new customers and increase overall sales revenue. However, if you are considering growing, or starting to trade your business online, it is important to understand what is required to maximise information security and minimise credit and debit card payment risks.
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.
Employers’ Liability (EL) insurance protects your business from claims of negligence made by employees who have suffered an injury or ill health due to their work. To work out what your EL limits may be, here are 6 important things to consider.
When working on the go or travelling for work, it has become more important than ever before to take extra precautions to stay cyber safe. With more and more people relying on technology each day, cyber crime is becoming increasingly important as it can be detrimental to businesses and their reputations.
For adults that have age-related impairments or physical, mental or visual disabilities, it may be difficult for them to live independently in their own familiar surroundings. Domiciliary care organisations are able to provide these adults with specialised assistance which allows them to obtain a beneficial sense of self-reliance.