Welcome to our blog page, we hope you find our blogs useful, exciting and informative .
When looking for a suitable challenge to raise funds for our annual charity, Macmillan, our intrepid team decided that the Wild Warrior eXtreme ultimate mud run might offer a gentle stroll on an Autumn Sunday morning in Derbyshire.
Here at Franklands, we've compiled 7 things you need to know about Directors and Officers Liability Insurance. Read all 7 below:
What is Directors & Officers Insurance
D&O insurance policies offer liability cover for company managers to protect them from claims which may arise from the decisions and actions taken within the scope of their regular duties.
Franklands has launched a new online driver risk assessment tool allowing companies to stay on top of their legally-obligated risk assessment practices.
For companies that employ fleet drivers, or any sort of drivers at all, you may be surprised to hear that over 30% of all motor accidents involve a person who is driving for work. As well as the health of your employee being at risk, the costs associated with vehicle damage, replacement vehicles, administration costs and down time could soon mount up - leaving you in a poor state of affairs.
Midlands’ insurance brokers and risk management specialists, Franklands, were one of more than 30 sponsors and exhibitors at this year’s Innovation Day, the foremost Life Sciences event in the region.
Franklands exhibited at the event, which took place at The Nottingham Belfry and also sponsored the Best Start-Up award at the Medilink East Midlands Business Awards dinner.
Often overlooked by technology firms, business interruption insurance is a crucial product that can helps your business continue to trade by protecting loss of revenue following a property damage claim.
Although your professional indemnity, property and liability insurance covers you against liability claims made by customers, employers and members of the public – what will keep your doors open if a key supplier suffers a property claim which impacts on your ability to trade?
It is an exciting time in the life of your business when you’re looking to expand overseas. The potential to tap into growing markets, around the world, brings about a huge profit potential, but also a plethora of risk too.
So what needs to be done to facilitate overseas trading? Here’s some essential tips for those technology firms looking to expand overseas:
Businesses face a growing threat in person, over the telephone or through e-mail from fraudsters pretending to be someone they are not, in order to secure bank account access details. These money transfer scams are the most common scams that consumers fall for with banks and insurers suggesting that this is now a daily event with circa 50, or so, a day being successful.
The Information Commissioner’s Office published a report in June 2014 entitled “Learning from the Mistakes of Others”, listing the most common security weaknesses identified during their investigations of data breaches and how these can be avoided.
The Information Commissioner’s Office issued fines for many of these incidents, but the offences could have been avoided if the industry standards identified in the report were adopted.
Being at the forefront of innovation, technology businesses can be exposed to risks that their insurer may not even cover full stop, let alone in include in their actual policy.
In the rapidly changing world of technology how do you protect your thriving ICT business in an unstable and sometimes unfamiliar market?
Here’s 3 ways insurance can help protect your business…
Surveying is one of the oldest and most traditional professions. Its health is very much tied to the economy, both for general practice in terms of property sales and valuations and also in construction with increased, or decreased activity for construction professionals such as Quantity Surveyors, Project Managers etc.
As a result the underwriting performance for insurers has often been poor and the profession has consistently faced difficulties with obtaining affordable Professional Indemnity Insurance.
To make sure your surveying firm is ready to submit a new application, or renew an existing policy, here are 5 things your policy should include…
Bonfire Night is typically the most demanding night of the year for the police, the fire brigade and other agencies.
The damage which can be caused to property and business operations, as a consequence of the use of fireworks is a serious concern, posing a danger to all types of buildings, including commercial and industrial premises as well as residential.
As far as this relates to the business community, the risk posed by fireworks, whether this is the result of anti-social behaviour or just an accident caused by burning debris, can be significant.
Price isn't everything when it comes to PII. Before you accept an offer, you need to make sure that your new or renewing policy covers you for the full spectrum of activity your business undertakes.
Follow our 5 step checklist below to ensure you have the correct solicitors professional indemnity insurance:
Make sure you know exactly what liability caps are and how they could affect your business in the case of a professional indemnity claim. Here's everything you need to know about liability caps for surveyors:
What are they?
Liability caps are contractual agreements that mean a client can only claim damages up to the amount agreed, even if the law would otherwise award a greater sum in damages.
RICS themselves strongly recommend the use of caps wherever possible as a way in which to manage the risk in valuation work, and to ensure that there is a fair allocation of risk and reward between members and their clients.
Accountancy is one of the more 'established' professions, but this hasn't stopped the sector becoming fragmented with a confusing mix of several professional bodies and unqualified but highly experienced advisors.
You will also know that firms vary greatly in size and services, which is why insurers have to take extra steps with accountants before accepting a professional indemnity policy.
To make sure your accountancy firm is ready to submit a new or renewing policy, here's 10 pieces of information insurers scrutinise including the risk associated with each check when signing off professional indemnity for accountants.