Wherever possible, companies are letting employees work from home to help slow the spread of the coronavirus. While this is generally a sensible decision, it adds cyber security risks to the company’s network, requiring staff to shift quickly to a new work routine which specifically addresses additional risk protection.
So-called gig economy companies which rely on an independent workforce are facing the downside of this loose relationship during the COVID-19 outbreak as workers struggle due to the lack of protection and employee benefits.
Shipowners and operators are facing higher cost in responding to and mitigating the effects of the COVID-19 outbreak. Where there is an outbreak of the infection on board, these are likely to be covered by protection and indemnity (P&I) insurance policies.
There are many factors to consider before cancelling an event due to the COVID-19 outbreak but ultimately the final decision should be based on what is best for the company and its stakeholders.
An amendment to the Civil Procedure Rules in the UK is including mandatory changes to statements of truth which are intended to reduce fraudulent claims.
The risk of floods damaging buildings is set to rise due to climate change, but it is already threatening the viability of many businesses across the UK.
The UK government has delayed the introduction of changes to the personal injury claims process to August 1, 2020.
Technological advancements have opened up vast opportunities for commercial insurers and brokers to anticipate more accurately the third party liability risks that clients pose to their insurers.
Analysing data collected from machinery in industrial processes offers significant opportunities to take control of risks, reduce the cost of breakdowns while increasing efficiency of production processes. Doing so is likely to be particularly rewarding in a hardening insurance market where firms in some sectors are already struggling to find appropriate insurance protection.