Thinking Risk

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.

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.

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.

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.

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.

UK SMEs typically lose £13.6bn each year from legal issues, and this cost is on the rise. Costs of a legal dispute can be seriously damaging for a business and can even prevent companies from trading.

Commercial Legal Expenses insurance can help take the strain, reducing the costs and time spent on legal disputes. This article highlights some of the post lock-down issues which are driving litigation and outlines how legal expenses insurance can help.