Thinking Risk


Keeping you updated with relevant risks in the insurance sector

Risk insights from the GRP Group website

News October 11, 2022

UK Construction Insurance Market Update Q3 2022

The Construction industry has been through a tumultuous few years - COVID-19, Brexit and most recently the Ukraine war have caused disruptions with project delays, supply chain issues, price inflation and the availability of labour. This article considers how these issues have impacted the construction insurance market, and what businesses can do to help their broker achieve the best possible terms on their behalf.

News August 10, 2022

Working safely through the heatwave

This summer has seen unprecedented temperatures. On the 19th July 2022, the UK experienced its hottest temperature on record where the thermometer touched 40.3C in Lincolnshire. This month the Met Office have issued a further Amber warning for Central and Southern England and Wales.

The current hot weather may be welcome for holidaymakers, but many workplaces in the UK are not equipped to deal with the current extreme temperatures. It makes sense to consider putting in place some simple common-sense measures to help mitigate the heat, reduce the risks and make your colleagues more comfortable.

News June 15, 2022

The increasing frequency of claims against individual Directors and senior managers underlines the importance of Directors and Officers insurance cover

Directors and officers of limited companies can have unlimited personal liability for the decisions and actions they take on behalf of their company. The trend is increasingly for senior leaders to be held personally accountable for organisational issues and problems (eg cyber-attacks, environmental incidents and financial failings), making D&O insurance more important than ever.

Burned factory
News April 13, 2022

Why it is vital to ensure your property sums insured are accurate

A perfect storm of inflationary pressures in the construction industry mean that the majority of businesses’ property risks are currently underinsured. This can have disastrous consequences for any business suffering a major property damage claim, as their insurance will not fully cover the loss, threatening their ongoing viability.

Highway code changes January 2022
News February 14, 2022

Make sure your drivers are aware of the Highway Code changes implemented on 31st January 2022

Government communication of the changes to the Highway Code implemented at the end of January 2022 has been widely criticised, so it is important for businesses running a fleet to ensure their drivers are fully briefed to avoid danger and confusion.

News December 13, 2021

We are delighted to announce that GRP has won the Insurance Times Commercial Lines Broker of the Year Award.

Winning this prestigious industry award is testament to the hard work of all our staff, who have remained focussed on delivering an outstanding service to clients through an incredibly difficult year.

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