Key risks covered by business insurance policies Business insurance is there to help give you peace of mind and protect you from losses which may arise during normal business proceedings. There are a variety of different risks that can be covered and Lockyers will work with you to identify which cover you need (and just
Risk assessments are important as they can help to avoid accidents and reduce the chance of a liability insurance claim. Accidents can cost businesses a significant amount of money through damages claimed and it’s not all about costs. People are at stake when it comes to health and safety and businesses have a duty of
As the humanitarian crisis in Ukraine unfolds, we know that many people are looking to help in any way they can. We’re here to support you by offering guidance on how plans to assist Ukrainian refugees might affect existing insurance covers. Homeowners Homeowners across the UK are offering their homes to Ukrainian refugees. In these
WHAT DO SMALL BUSINESSES NEED TO KNOW ABOUT THE SPRING STATEMENT THAT RISHI SUNAK, THE CHANCELLOR OF THE EXCHEQUER, DELIVERED ON 23 MARCH 2022? In the March 2022 UK budget, Chancellor Rishi Sunak announced a number of support measures to help keep businesses in business. Small and medium-sized enterprises (SMEs) include changes to national insurance
Fire hazards are an ever present concern. If, in the devastating event that your premises is caught up in a fire, you will need to ensure your policy fully covers you for the rebuild cost. Only 1 in 10 properties at this time, both residential and commercial, are correctly covered for the rebuild cost of
From the 25th March, handling mobile devices including a phone or any other interactive device whilst driving, such as external or in-built satnavs, will be illegal. The rules also apply when stopped at traffic lights, queuing in traffic, supervising a learner driver, driving a car that turns off the engine when you stop moving and
Many UK businesses risk their own survival by remaining underinsured. This occurs when a business has insufficient cover to meet its needs, whether that means its assets are valued and insured at less than their true value, its limit of indemnity is too low or its maximum indemnity period is too short. Unfortunately, underinsurance is
For thousands of businesses, the Self Employment and furlough schemes were a life support when a full lockdown began in March 2020 due to the Covid-19 pandemic; however, the schemes had to be developed quickly and were, at times, being developed and amended in real time. The evolving guidance and swift implementation has meant that,
The UK has been battered by storms over the past few days, with not one but two named storms hitting all parts of the nation since Friday 18th February, leaving damage and disruption in their wake. Extreme weather such as a storm can cause widespread damage to homes and businesses. If you’ve been affected, we
The Met Office are forecasting for Storms Dudley and Eunice to hit the UK this week, bringing wind, rain and snow. If your business can keep going in the face of adverse weather events, it’s a good sign that you have strong, resilient processes and structures. If operations grind to a halt then it’s likely
