Performance Bonds – A Guide to Principles and Practice If you are either a Developer or a Contractor involved in construction work of any kind then you really need to know about Performance Bonds. Performance Bonds (sometimes known as Construction Bonds or Contract Bonds) are a type of insurance that provides financial compensation to a … Read More
Don’t Lose your Pants !
Don’t Lose your Pants ! This maybe a little unexciting but read on. A recent survey by LV= (the famous Liverpool and Victoria Insurance) recently found that a whopping 62% of consumers would make a ‘Slip & Trip’ claim against a Small Business. What does that tell you ? One… People may be opportunistic to … Read More
12 TOP TIPS – How to Avoid Costly Insurance Blunders and Save Money in the Process
12 TOP TIPS – How to Avoid Costly Insurance Blunders and Save Money in the Process Ignore them at Your Peril ! We all know insurance is unexciting (!) but because it involves money, your money, it’s important you do not make costly insurance errors. Below is a list of Top Tips that you should heed … Read More
Helpful tips for trouble free unoccupied property insurance
HELPFUL TIPS FOR TROUBLE FREE UNOCCUPIED PROPERTY INSURANCE Many people don’t realise but most insurers shy away from properties that are not in use or unoccupied. If you’re also planning to redevelop or majorly refurbish your property your existing household insurance provider is unlikely to cover it. Some Specialist Insurers do however offer insurance and … Read More
Hotel Insurance – What not to do….Don’t take Risks with your Insurance Policy
Hotel Insurance – What not to do….Don’t take Risks with your Insurance Policy COMFORT isn’t all about clean sheets and soft pillows. If you are in the Hotel (and B&B) business, making sure your guests enjoy their stay with you goes beyond providing them with a cosy bed for the night. Although they may not … Read More
Should you buy Business Insurance from Comparison Sites? Our view….
Should you buy Business Insurance from Comparison Sites? Our view…. In a recent report (July ’14), the financial watchdog, the Financial Compensation Scheme (FCA), brought to our attention that Comparison Sites do not always provide clear information to the consumer buying insurance. For example, if you are not fully cognisant of your policy excess or … Read More
Does the UK have the weakest necks in Europe?
A serious question posed by Aviva’s Chief Executive Mark Wilson about the state of compensation culture affecting the United Kingdom in such matters as whiplash, fraud or exaggerated claims. This is how he supports his statement: Last year (2013), 94% of all personal injury claims paid by Aviva in the UK were for minor injuries … Read More
From the insurers mouth – why insurance companies do not pay claims….
Below are seven common reasons why insurance companies avoid paying claims – heed them and avoid financial shocks to your livelihood ! 1. Failure to implement the security requirements imposed by the policy such as door and window locks or even an active alarm system. 2. Not having an intruder alarm under a maintenance agreement … Read More
Construction Industry hiring takes off… finally?
Due to a surge in house building the UK construction industry is hiring staff at a record pace which is proof that growth is finally returning to this badly hit sector. The Markit/CIPS Construction Purchasing Managers Index (PMI) rose from 62.5 in June from May’s 60. Anything above 50 indicates growth. So what has this … Read More
Floods 2014 – a little help from Titan Insurance…
Devastating floods have hit the UK over the last couple of months and it is thought that insurance claims could run into hundreds of millions of pounds. If you’ve been affected by the floods insurance is probably the last thing on your mind right now especially if you’re still trying to run your Business. Unless … Read More
