News
How the stamp duty holiday will impact residential insurance
Speaking at the summer economic update, the Chancellor Rishi Sunak confirmed plans for a major cut in stamp duty. In a bid to boost the housing market, as of July 8, house buyers no longer have to pay stamp duty on properties up to £500,000 in England and Northern Ireland. The ‘stamp duty holiday’ will […]
80% of commercial properties are underinsured
A staggering 80% of commercial properties are at risk due to underinsurance. According to a leading building surveyor, owners of commercial property are putting their assets at risk, estimating 80% of commercial property is underinsured by between 20% and 45%. Akim Kamangira, Head of Building Consultancy at Birmingham independent commercial property agency KWB, spoke of […]
Ensuring Christmas tech gifts are adequately insured
Technological devices have become one of the most opened gifts on Christmas Day. In the run-up to the festive season, shoppers everywhere are purchasing gadgets for loved ones for Christmas. Thieves know this and are keen to get their hands on expensive new gadgets being piled under the Christmas tree in your homes. They are just […]
Unoccupied commercial properties
You don’t have to travel too far in Britain until you come to a high street with vacant shops boarded up. Research from Local Data Company’s review of 3,000 retail centres across the country shows that in the first half of 2019, almost 12% of retail sites were unoccupied. A combination of rising rental costs and low […]
Insurance and convictions
Statistics show that there are more than 9.2 million people in the UK with criminal convictions. A criminal conviction can be something minor like a speeding fine, or major like a prison sentence. Convictions can have implications when taking out insurance, including commercial insurance. Under the Rehabilitation of Offenders Act (ROA), ‘spent’ convictions are not required […]
Ensuring homeworkers are insured: What’s considered as ‘business use’?
Figures by the Trade Union Congress (TUC) show that the number of people in the UK who regularly work from home is around 4.2 million. In 2005, the figure stood at 3.4 million. Today, the proportion of the workforce working from home offices is 13.7%. Due to increasingly advanced telecommuting technology, alongside changing attitudes among employers […]
Starting a new business in the middle of a pandemic
The middle of a pandemic must be a bad time to start a new business, right? Not necessarily. With employees being furloughed and, worse still, people losing their jobs, now is proving a good time to “take the bull by the horns” and start a new venture. In fact, some of the most innovative, successful, […]
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