Business Insurance

There’s no hiding from paperwork.

Whether it’s for your personal life in the form of mortgage, tenancy or car agreements, utility bills and payslips, or for business admin, paperwork gets everywhere.

People have drawers of the stuff. Some people even have entire cabinets for it.

The events industry has undeniably been one of the worst affected by Covid-19, with hundreds of thousands of events being cancelled or postponed during the pandemic.

Funds transfer fraud – whereby fraudsters dupe innocent businesses and individuals into transferring what they believe are legitimate payments to fraudulent bank accounts – is becoming an increasingly common problem for most modern organisations.

The effect that Covid-19 has had on businesses, whether directly or indirectly, is immeasurable, and the insurance industry hasn’t gone unscathed. As Oliver Bate, CEO of Allianz, put it, “the virus has hit insurers like a meteorite”.

Esports, or electronic sports, have a huge following worldwide, especially amongst younger crowds. Whilst it doesn’t yet pull in the same crowds as football, it shouldn’t be long before esports gains mainstream recognition.

The current success of the vaccine roll-out brings hope to businesses that normal operations could soon resume. However, while having a high proportion of vaccinated employees would be advantageous for employers to resume business as usual, it is also clear that not every worker will want to.

Many employers may see the return to office working as an opportunity to recapture the previous culture of their organisation.

Following a major catastrophe, such as a natural disaster, an act of terrorism or something else, an insurer will then need to pay out for the resulting insured damages, all of which can amount to millions of pounds.

Every business is affected by compliance and regulations, and meeting these can cause businesses to feel buried in paperwork, audits and restrictions.

It’s often said that living quarters and working areas should be kept entirely separate to strike the right balance between productivity on the job and a happy home life.