Keeping client data secure is of upmost importance for professional freelancers and business owners. Data breaches cost businesses millions every year and it is of high chance that your firm has a number of assets that contain sensitive information about your customers. With this in mind, it is important to take steps to minimise the …
Business Interruption Indemnity Periods Business interruption provides cover for the loss of profit or loss of revenue following damage or disruption to business premises. This can also include the supply chain that prevents a business from trading normally or prevents trading altogether. Included in that policy is an indemnity period. This is the maximum period …
CFC have recently released their first ever cyber guide, explaining how cyber risk and insurance has evolved and how a good cyber policy addresses modern exposures. Below we have briefly summarised the key points of the guide, however the full cyber guide can be found via CFC’s website. What Does Cyber Mean? “Cyber” is on of the …
It is of upmost importance that your business has arranged insurance cover specific to the needs of your business, whether that be professional indemnity, employer’s liability, public and product liability, directors and officer’s liability or office buildings and contents insurance. Within every workplace, risks are always going to present and whilst all cannot be avoided, …
In a recent article, Allianz have identified the top corporate perils based on the insight of risk management experts from around the world. Below the risks have been ranked most important by respondents within the UK. 1. Cyber Incidents / Changes in Legislation And Regulation As cyber incidents are ranking as one of the highest risks, it proves …
We discuss why Architects should always prepare a written design brief for their projects and what can happen if this is overlooked. Table of Contents A recent Technology and Construction Court decision has highlighted the risk for architects (and their professional indemnity insurers) of failing to agree a design brief with their client in writing. …