Bibby Financial Services is to start offering the Export Insurance Policy, which protects businesses against the risk of non-payment by overseas buyers, to its customers which will allow further funding for exporting businesses. The policy is provided by UK Export Finance (UKEF), the government body created to support exporting businesses, as well as SMEs looking to trade overseas, by providing credit insurance policies, political risk insurance and guarantees on bank loans. Regions covered by the... Read more >

In the last few years the number of deafness claims made on commercial insurance policies has been rocketing. AXA Business Insurance reports a rise of 162 per cent from 2009-2012 with British businesses ultimately having to foot the bill. In 2012 alone, AXA saw a year on year rise of 75 per cent in the number of deafness claims and had more claims for deafness than any other type of workplace injury or illness. The company attributes the rise as a primary reason for an overall increase of over 30... Read more >

Nearly half of the UK’s small businesses could be employing staff without having the mandatory Employers Liability insurance warns specialist online provider Your Insurance Firms employing one or more people are required by law to have Employers’ Liability insurance, however in a recent survey, 47 per cent of respondents were unaware it’s illegal to employ staff (unless family) without this cover. The minimum level of EL cover required for a business is £5m. It protects businesses and... Read more >

Sponsored article: Legal Aid offers assistance to those who cannot afford legal representation in a court of law. Legal Aid government funding also currently covers legal advice, advice on debt management and housing, and advice for those suffering an imminent breakdown in their families. However, new changes to the system are due to be implemented this year, after the government’s goal to slash £350million from the £2.2billion yearly Legal Aid bill kicks off. What cases will no longer be viable... Read more >

Euler Hermes has launched Simplicity, an ‘off the shelf’ trade credit insurance policy that protects very small businesses from the risk of not getting paid by their customers. ‘Simplicity’ is designed to bring peace of mind within minutes to small firms struggling with poor paying customers. It offers simple pricing, simple administration and a simple and fast claims process on all debts over £200 so that if a payment remains outstanding, the potential impact on a company’s cashflow is... Read more >

← Previous Entries