Insurance Woes Following UK Riots

Posted by Active under Business Insurance, Latest News

It has been reported that insurers could be left seriously out of pocket due to business interruption (these are legitimate losses following a loss covered by insurance) claims not being met by the Metropolitan and Merseyside police forces. They believe that the Riot Damages Act does not cover these losses despite the fact that the claims account for approximately 40% of the total riot bill. It could be that insurers will be forced to take legal action but either way the knock on effect could potentially increase commercial insurance and liability insurance premiums for businesses already struggling in the current economic climate. There is also a real danger that customers who buy shop insurance or restaurant insurance for example, will cut corners or retract cover in the belief that “it won’t happen to them”. Simply put, whilst a client may cover their business stock and contents etc, which is fine, few realise the effect of not being paid whilst their premises are reinstated – which can take months or years. Similarly, there is a temptation to avoid public and employers liability insurance – this to can lead to the dramatic failure of a business and could even result in legal investigation if negligence is found to be proven against the owners. As there seems to be no end in sight of economic instability there is a distinct possibility that civil unrest could rear it’s ugly head again. With this prospect looming, business insurance customers ( including those shops that would consider themselves as non-target or low risk such as furniture shops, as demonstrated in London this year) would be strongly advised to review their existing insurance arrangements to ensure that they are robust and offer complete protection. If necessary, painful though it is, much consideration should be given to invest in additional coverage. It could prove to be an investment rather than a gamble. It would take a brave business owner to bet against it.

Commercial Property Insurance

Posted by Active under Business Insurance, Property News

In the current economic climate many commercial property owners are not only looking to save on their insurance but also require comprehensive buildings insurance cover that will provide protection against the many risks that commercial premises are exposed to. We, at Active understand the economic pressures of todays market and have a vast knowledge of commercial property insurance and can cater for the needs of landlords with a single shop thats rented and to commercial landlords with a portfolio of commercial and residential buildings.

Typical commercial buildings insurance policies available:

• Shops and Office – let or owner occupied
• Shops and Offices – with residential accommodations / flat above
• Unocupied commercial property – such as a vacant pub, shop, office, warehouse and industrial units
• Office blocks with multiple tenants
• Warehouses, factory, distribution and processing plants
• Shopping centres and commercial shop parades
• Function halls such as weddings, party’s and conference centres
• We can cater for almost any type of commercial premises insurance

Charity and Care Industry Insurance

Posted by Active under Business Insurance

Full range of business insurance solutions for single charities to the largest not for profit organisations. Offering solutions from charity shop cover on individual basis or to a large portfolio of shops, commercial combined packages for larger organisations.

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CHARITY INSURANCE

QUOTE LINE: 0844 477 9805
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Type of covers and options available under a charity insurance policy can include:

• Property – from a single unit to many units spread across the country
• Liability – Employers, Public and Product
• Equipment Breakdown
• Fidelity Guarantee
• personal accident assault cover

We do not offer an online quotation for charity insurance because we understand that no two charity operations are the same. All of our charity insurance and care insurance products are tailored to meet the needs of the individual organisation. Some charities may only require liability insurance products and some may need a comprehensive solution covering buildings, outdoors events, stock and staff.

Options Available to Charities looking for business insurance:

• Liability insurance policy only – usually requestedby  smaller charities
• Shop package policy – This is an all risks charity insurance policy suitable for small, medium and large charities.
• Combined insurance policy – This product is designed for charities that are complex and need a bespoke solution.