Cargo: Understanding Incoterms rules

Incoterms rules are used by importers and exporters to ensure that they’re on the same page about their respective responsibilities relating to the carriage of goods. Our insurer partner NMU explains the importance of Incoterms rules. Over centuries, the obligations that sellers and buyers owe to each other in relation to the carriage of goods…
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Electric vehicle charging points

There’s been a 31% increase in the number of electric vehicle (EV) charging devices over the past year, reflecting increasing levels of electric vehicle ownership in the UK according to official statistics from the UK Government. Alongside this, new building regulations introduced in June call for electric vehicle charging provisions to be provided in all…
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Inflation effects on business interruption and property insurance policies

Businesses around the globe are experiencing the effects of the highest inflation rate in a generation. The surge in inflation is impacting asset and business interruption values across all industries. In light of this, businesses are reminded to review their insured values and their policy wordings to confirm that their insurance programmes are still adequate.…
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High value timepiece crime wave

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Amid a wave of violent broad daylight thefts of high value watches across London, targeting individuals wearing the likes of Audemars Piguet, Patek Philippe and Rolex brands, we are reminding clients to be vigilant when wearing expensive timepieces. Please be reminded to: Inform us of any new watch you have that is more than your…
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Property valuations and underinsurance

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Underinsurance occurs when you’ve not taken out the right amount of insurance cover for your needs. Without being aware of it many businesses are gambling with their ability to recover after a major loss by underinsuring themselves. How do I know if my business is underinsured? You could be underinsured when: You haven’t had your…
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Notification of building works – when you need to tell us

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If you’re having building work carried out on your property, it nearly always increases risk Many properties undergo renovation or development, and some works increase the risk of damage to the property’s structure or contents more than others. Before works commence, you need to let us know about any changes or alterations you’re planning on…
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Extreme heat: a growing threat in the UK

Global warming means extreme heat events are more likely to increase in frequency, intensity, and duration. Following a summer of unusually high temperatures and wildfires across the UK, our insurer partner Zurich explores how organisations should prepare to protect people and ensure business continuity.  Although extreme heat events occur within natural climate variation, climate change…
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