No matter how bright the future looks for your business, you never know when disaster will strike. Whether it be a flood or destructive building fire, underinsurance can be a problem. It is vital to have proper insurance policies to protect your business from any interruptions—especially if you are a SME with minimal financial flexibility.
Nobody hopes for a business catastrophe, but the best entrepreneurs will plan for one. Whether it’s flooding after a natural disaster which damages stock and premises, or a server outage which prevents online orders, “unforeseen circumstances” can wreak a wide scope of havoc on your business. How long could your business survive if your everyday business processes were disrupted?
Most of us take our workplaces for granted. We come and go, popping out for lunch or to a meeting, expecting that everything will be the same when we return. But what if something happened to disrupt this smooth flow? As hundreds of workers found out in the City of London in July 2016, the
Cyber-crime is one of the biggest problems facing businesses in the present day, with hackers attempting both rudimentary and more sophisticated methods to infiltrate your systems and data. Tradesmen have to remain particularly vigilant, especially when self-employed, as one wrong click of an email or letting your financial information fall into the wrong hands can
Having the right level of trade credit insurance is more important than ever. Between the collapse of construction giant, Carillion, and the downfall of children’s toy company, Toys R Us, recent big-name bankruptcies are emphasising the need for protection against rising insolvencies. Indeed, 26% of UK companies suffered a financial blow due to the solvency
Over 16 million people are employed in the SME sector, dominating 60% of all private sector employment, according to industry data. These numbers reflect a 26% growth since 2000 in the number of small businesses. However, running a successful SME doesn’t come without risk. Here are the top risks facing SMEs, as reported by SMEs:
Last year was a record-breaking year in terms of cyber claims, totalling more claims than the previous four years combined, according to recent industry research. However, researchers predict that cyber claims will rise now more than ever as a result of the General Data Protection Regulation (GDPR). Due to the GDPR’s strict regulations and hefty
Today businesses are encouraging home working more than ever before, and now some are taking the plunge towards making their business fully virtual. This means that they have no fixed ‘bricks and mortar’ office residence and employees all work from home—or wherever there’s sufficient Wi-Fi signal—allowing the company to operate globally without ever having a
You may think that your employees would never steal from you or that your business would never be the victim of theft, but the harsh reality is that nearly every business is eventually victimised by fraud or theft. Thieves (including your employees) do not need direct access to cash to steal from you—merchandise, supplies and
Most of us enjoy a good ice cream and the majority of people can pinpoint the best ice cream they’ve ever had and where it was. Whilst we’ll always enjoy a Mr Whippy on the beach despite fighting off seagulls, those who work in the industry are constantly thinking up new inventive ways for us
