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Cyber Insurance for Professional Services
The rise in cyber attacks is everywhere. As the statistics of losses and breaches are becoming more prevalent, protecting online elements of business is at the forefront of everyone’s minds. But why is cyber insurance for professional services, such as accountancy and consultation, particularly important? Word of mouth is spread on an increasingly digital platform. […]
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Why do SMEs need cyber insurance?
Why is cyber insurance for SMEs a necessity? Statistics show that SMEs in particular are more vulnerable to cyber threats, and have suffered more attacks in the last year than their larger counterparts. Not only have the frequency of attacks increased, financial repercussions have too. Studies conducted by LSE have shown that just one breach […]
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Our Cyber Crime Webinar
Join us for a Webinar on the 17th of June highlighting the dangers of Cyber-Crime to your business and what protection insurance can offer against this. It’ll be a half hour talk starting at 11am, going over the latest statistics associated with cyber-crime and what actions you can take to shield your business from the damage a breach can cause. We’re especially focusing on small UK businesses as since […]
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Introducing – Our Cyber Cover product
Recently, the Harris Foundation became the fourth multi-academy education trust in the UK to be targeted by hackers in March alone. 37,000 pupil emails were compromised. This, once again, highlights the importance of rigorous cyber cover against highly numerous and sophisticated attackers. Every minute, there are 45 hacking attempts on SMEs across the whole of […]
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The Professional Indemnity Market for 2021
The professional indemnity market has been fluctuating over the last 5-10 years. Within the last decade there was a vast oversaturation of insurers and as a result, rates plummeted. Since then, it’s not been such a pretty scene. It seems that insurers had been under-pricing professional indemnity for many years in a bid to retain […]
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What can HR Consultants do to further protect their clients?
Any HR consultant wants the best for their clients. They do this by offering their advice on HR related issues to prevent discord between employers and employees. The trouble is humans are still human and even the best advice does not always lead to perfect harmony within the workforce. This can lead to disputes and disputes can end up in court. No employer can say […]
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Your business in 2021. How can you keep your business secure and why would you do so?
The why: Employment Tribunal receipts are largely on the rise, going up by 18% in 2020. This is expected to increase further into 2021. An Employment Tribunal will cost an employer, on average, £8,500, not including potential remedy fees. These costs can be taken care of if you’re covered under employment dispute insurance and that’s […]
Read moreIt’s not bad news only is it?
Increase in employment tribunal claims… Is this really bad news? Sometimes, as an insurance provider, it can feel like we never have good news for SMEs. Especially now. Anyone connected to the world of employment disputes or tribunals will know there has been an increase in since tribunal fees were abolished in 2017. Why? Because it […]
Read more10 reasons to buy Employment Dispute insurance
10 reasons to buy Employment Dispute insurance Last year there were almost 104,000 new #employment tribunal applications in the UK The #MeToo movement raised gender equality awareness in the workplace to new heights The BLM movement is doing the same for minority awareness There’s virtually zero cost to bring an employment tribunal claim COVID required […]
Read moreDoes the past help us predict the future?
Many times as an underwriter I’ve looked at past claims patterns and modelled them to predict future trends.
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