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Three reasons why your business needs Machinery Breakdown Loss of Profits Insurance

As a manufacturer, you will understand the need to insure your machinery against damage and theft, but are you aware that the breakdown of your machinery wouldn’t be covered under a standard contents insurance policy? The loss of machinery due to breakdown could have potentially serious consequences to your business, such as a reduction in turnover and a subsequent loss of profit.

To protect your organisation from this risk, you need Machinery Breakdown and Machinery Loss of Profits Insurance, and here are 3 reasons why:

WE DID IT! Wild Warrior Extreme

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.

7 things you need to know about Directors and Officers Liability Insurance

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 unveils online driver risk assessment tool

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.

Franklands sponsors life sciences innovation day at Medilink 2015

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.

12 reasons your technology firm should have business interruption insurance

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?

Essential tips for UK technology firms trading overseas

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:

How can I protect my company from electronic bank transfer fraud?

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 most common data security weaknesses and how you can avoid them

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.

3 reasons to take your technology insurance more seriously

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.

3 ways insurance can protect your technology business

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…

Surveyors professional indemnity: 5 things your policy should include

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 celebrations result in increased risk for businesses

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.

Solicitors professional indemnity insurance: 5 step checklist

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:

FAQs on liability caps for surveyors professional indemnity

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.


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