Specialist manufacturing insurance or manufacturing business interruption insurance could help businesses guard against supply chain delayed repairs. The fragility of the domestic and international supply chain could hit manufacturers hard as delays hit the production and distribution of spare parts. Pandemic and Brexit-related have hit the logistics sector hard. The Road Haulage Association has estimated […]
Whilst the directors and officers insurance market continues to harden, there's plenty executives can do to take out or maintain a cover increasingly seen as vital - without simply succumbing to massive premium rises. The Insolvency Service's Q3 figures for corporate insolvencies are awaited with an interest which is not so much keen, as nervous. […]
With the commercial insurance market hardening, the rules of renewing are changing. Introducing our new renewal guide, RBIG Broking Director Geoff Gregory (below) offers advice on how to get the best business insurance quote. It may not necessarily seem like it, but UK businesses have had it pretty good from the commercial insurance market in […]
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Rebuilding cost inflation adds to underinsurance risk The fastest increase in construction costs in over a decade coupled with Covid-induced delays and interventions could lead businesses increasingly exposed to the risk of underinsurance. Earlier this month (April 2021), Costmodelling.com updated its Tender Price & Building Cost Indices. It forecast building costs to rise by 2.7% […]
This week the Government released its latest insolvency data with the figures showing a rise in the number of the businesses and individuals declared insolvent. Whilst in March nearly 1,000 English and Welsh businesses hit the financial buffers, the good news is that the level of insolvencies is nonetheless lower than it was this time […]
An imminent change to insolvency law and a predicted increase in Covid-19 related business failures could significantly impact the cost and availability of credit insurance, the specialist cover specifically designed to protect against bad debt. That’s the warning from RBIG Corporate Risk Services who point out that the 01 December return of ‘Crown Preference’ will […]
Credit insurance - inoculating your business against bad debt Covid-19 has seen us all take steps to protect ourselves and those around us. But with economic commentators widely predicting that the pandemic will drive up insolvency rates, have you taken action to protect your company's financial health? It's an important question, not least given that […]
RBIG is urging businesses to take out cyber insurance to mitigate against risks created by escalating digital dependency fuelled by COVID-19.
Events continue to move fast as the Government and public health authorities act to try and slow the spread of coronavirus.
