According to the 2015 Information Security Breaches Survey, the Department for Business, Innovation & Skills reported that a staggering 90 per cent of large organisations had experienced some form of cyber breach during the last 12 months.
When reviewing the worst individual security breach for each company, the average cost per firm was between £1.46 million and £3.14 million.
Whilst the data for small businesses is much more difficult to maintain as correct data breach records are not always kept, or made available, the report still highlighted 74 per cent of firms which have experienced a security breach in 2014. For small firms the average cost of a breach was £75,000 and £311,000 for their worst breach. Without adequate Cyber Insurance, many small firms would not be in a financial position to recover from such losses.
It might sound obvious, but not all convenience stores are the same. The varying size from a traditional corner shop to large multi-site supermarket make the risk profile very different.
Other key factors include the location itself, be it town centre or rural, to the type of products or stock – for example, whether a store stocks cigarettes or alcohol.
Whilst these risk factors may impact the frequency or size of the health and safety exposure, the fundamental profile of risk remains the same and how you manage and reduce this risks can directly impact your Convenience Shop Insurance premiums.
Self-employed or agency nurses often deal with a wide range of activities and locations, often working remotely which can pose a threat to your personal health and safety.
These type of risks are often enhanced whilst you are lone working, due to the lack of immediate support of colleagues or security personnel which exist in a typical medical centre environment.
Plastic surgeons or other medical professionals carrying out theatre based procedures need to exercise extreme caution to reduce the risk of infection and contamination. Utilising scrubs best practice is critical in terms of minimising risk and reducing your exposure to Medical Professional Indemnity Insurance claims from patients suffering infection of other ill-health whilst in your care.
The hospitality and catering industry continues to go from strength-to-strength, particularly in the mobile catering field. Not only through food trailers and traditional catering firms, but also via the growing popularity of pop-up restaurants and food led events. Many modern restaurants now incorporate a mobile strategy into their business model, which is a great way to promote their offering and to reach new customers.
Wood chippers can be extremely dangerous, with blades generally running at between 1,000 and 2,000 revolutions per minute, combined with a powered feed mechanism, an accident can easily cause injury to you or your employees if it is not operated correctly.
Should one of your employees suffer injury during the course of their work, they could seek compensation against you and subsequent claims under the employers’ liability section of your Tree Surgeon Insurance.
The introduction and continuing improvement of latex gloves has considerably improved the health and safety conditions for dental patients and staff alike. However, one area which is often overlooked is the potential for allergic reaction to the latex itself.
Should one of your employees suffer an allergic reaction and neither you nor your dental practice has provided guidance on latex use, you could face a potential compensation claim under the employers’ liability section of your Dental Surgery Insurance.