According to Statista, in 2023 the average cost of a data breach for UK businesses was £1,100. These were largely the result of fraudulent emails or other messages, known as phishing attacks, which are responsible for some 80% of all UK security breaches. A data breach carries much more than an immediate financial cost, though….
You have until midnight on 31 January 2024 to submit your self-assessment tax return online. This would be your return for the tax year starting on 6 April 2022 and ending on 5 April 2023. In this post we’ll discuss some of the other deadlines you need to be aware of, while addressing some other…
If you offer management consultancy services, you’ll face numerous professional risks in your line of work. This could result in your clients making a claim against you. The right insurance can cover you for most claims, ensuring that you or your business will be able to bounce back from nearly anything. In this post we’ll…
Professional indemnity insurance can be a vital line of defence for all business owners. Whether you’re an independent contractor, a freelancer, a sole-trader, or the managing director of a small business, you should consider getting professional indemnity insurance cover. It affords essential protection no matter what industry you work in. Specialist Industry Guides to Professional…
If you’re a company director, you have a number of options for drawing income from your company as a directors salary. Mainly, it’s a choice between whether you pay yourself a salary, or you take dividends as your income – or you might choose a combination of the two. On top of this, you can…
If you’re a freelance self-employed graphic designer, then the right insurance can cover you for all the risks you might face in your work. Professional indemnity insurance is particularly important for graphic designers. In this post we’ll explain what professional indemnity insurance is and why you need it, before discussing some of the other insurance…
A Brief Overview Of Public Liability Insurance. What is public liability insurance? Simply put, it is a type of insurance available to businesses. It protects you when clients visit you at your premises and when you’re working at someone else’s. It’s designed to cover any costs that might result from a member of the public…
More people than ever are working from home. Some are working remotely as remote employees of larger businesses. Others choose to set up and run their own businesses from home. If you’re working from home, either as an employee or a self-employed business owner, then certain insurance products can provide total peace of mind that…
Company directors are entitled to claim certain expenses. This is the case whether you’re the sole director of a limited company, or the managing director of a small business. In this post we’ll outline some of the expenses you can claim as a company director, along with any limits. Please note that you should pay…
Both professional indemnity insurance and public liability insurance fall under the business insurance umbrella and are not a legal requirement in the UK. At first glance they both cover compensation, negligence and other claims however it is the type of these claims that makes them so different. Knowing what ‘types’ of claims each insurance product…