Business Insurance

When it comes to a wide range of services on the consumer market, loyalty is undervalued. Customers may find that if they stick with the same company year-on-year, they will end up getting charged a lot more than someone who frequently switches.

You may have heard that the insurance industry is entering a hard market period, but what does that actually mean? Insurance is cyclical. Just like how the seasons change, the market fluctuates, with each insurance ‘season’ lasting anywhere between two to 10 years.

While 2020 hasn’t come without its challenges, by forcing businesses into developing a new relationship with technology, the pandemic has significantly helped to drive huge change in a range of industries, including insurance. We take a look at the predicted insurance trends for 2021.

Have you ever wondered if your insurance premium includes VAT? Maybe it’s not something you’ve considered before. Actually, insurance is a service which does NOT include VAT as it is subject to a different type of tax. This is called the Insurance Premium Tax or IPT.

Below are the top 10 causes of loss and emerging trends from over 11,000 business claims in 148 countries.

The explosive growth of our digital lives is consuming energy at a phenomenal rate – with potentially disastrous consequences for the climate.

The Environment Agency (EA) is coming down hard on businesses for non-compliance against current regulations in place. In 2017-2018, prosecutions were made against 22 top officers of companies with fines ranging between thousands and millions of pounds.

While many of us breathed a sigh of relief as 2020 came to an end, the calm in the storm didn’t last long. Only days later, Boris Johnson introduced a new nationwide lockdown which could remain in place until the end of March as it stands.

Is Christmas really Christmas without the classic films that seem to have been with us forever? There are few better feelings over the festive period than cosying up with snacks in front of our favourite flicks.

Office Christmas parties are a great way to bring your employees together for a night of fun and merriment, giving them the chance to let their hair down at the end of another year well done.