FCA Rules For Holding Client Money – What You Need to Know
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FCA Rules For Holding Client Money – What You Need to Know

The Financial Conduct Authority (FCA) regulates financial service firms and financial markets in the UK, including insurers and insurance brokers. What Does the FCA Do? The FCA sets stringent regulations concerning how financial service firms operate. Firms and individuals must demonstrate how they meet these regulations before the FCA will authorise them. And after the…

business worker planning a new company
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How to Start an Insurance Company – What You Need

If you currently work in insurance and you want to start your own insurance company, in this post we’ll list the various things you’ll need in place before you can start legally trading. What Sort of Insurance Company Do You Want to Start? As we’ll see below, the UK insurance industry is highly competitive, and…

Manufacture industry Staff Having Accident in Factory Industrial Accident
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What is Employment Practices & Liability Insurance?

All UK workers have certain legally-enforced employment rights. If an employee feels that their legal rights have been violated, then they may make a claim against their employers. Employment practices & liability insurance covers businesses against such claims. What Does Employment Practices & Liability Insurance Cover? The UK government has many laws in place to…

Professional Indemnity Insurance For Tradesmen
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Professional Indemnity Insurance For Tradesmen

Whatever your trade – whether you’re a builder, an interior designer, a painter decorator, or a plasterer – you should consider getting professional indemnity insurance cover. What Is Professional Indemnity Insurance? All tradesmen have to deal with unsatisfied customers from time to time. But some unsatisfied customers choose to take legal action – especially if…

What is the difference between professional indemnity insurance and public liability insurance?
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What is the difference between professional indemnity insurance and public liability insurance?

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…

Business Interruption Insurance
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Business Interruption Insurance – 5 Reasons Why You Need It.

You May Be Operating Just Fine Without It But Business Interruption Insurance Might Just Rescue Your Business. Business interruption insurance is a type of cover that many small businesses and freelancers overlook. In truth though, protecting yourself against loss of income and increased working costs caused by unpreventable issues is one of the smartest moves…

Cyber Breach Insurance

Why Cyber Breach Insurance Could Save Your Reputation

Cyber Breach Insurance Is Your Reputation’s Lifeline Your reputation may be safe at present, but the threat of a cyber breach is unfortunately very real, and very constant. The digital arena is witnessing a shift towards more internet-based interactions between businesses and clients. This means protecting your company and these interactions from cyber attacks is…

Employers-liability-insurance
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Without Employers Liability Insurance You Could Go Bust

Employers liability insurance So you think you don’t need employers liability insurance? Imagine that an employee that you hired is injured while working for you or operating on your premises. What happens next? You will likely face a lawsuit and a personal injury claim against your business which could cost you a fortune. You might…

public-liability-insurance
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Why Public Liability Insurance Is A Must For Small Businesses

Public Liability Insurance If you’re a small business owner, you might work from a number of places. Perhaps you work from home, from a coworking space or maybe a small office. One of the essential questions that you need to ask yourself is; ‘Do I have insurance to cover clients and visitors who come to…

professional-indemnity-insurance
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Professional Indemnity Insurance 5 Key Reasons To Have It

Professional Indemnity Insurance Professional indemnity insurance is one of the top types of insurance that business owners and freelancers should have. It protects you in a number of situations, from accidentally offering bad advice to a client to unintentionally infringing on someone’s intellectual property. While you might think that you will never find yourself in…