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Business Insurance

Home is where the business is

More than eight out of 10 (84%) of the UK’s smallest businesses now use their home as a place of work, according to new research from Lloyds Bank Insurance.

AXA urges the nation’s small businesses to avoid insurance scares

AXA Business Insurance warns that many small businesses could be sleep-walking into prosecution and financial difficulties simply because of oversights when arranging their insurance.

SMES leave themselves open to potential business losses

Around two thirds (62%) of UK SMEs – equating to around 2,900,000 businesses - may be leaving themselves financially vulnerable without business interruption cover.

Are UK small businesses building their futures on a financial house of cards?

AXA Business Insurance asks if unsound financial culture is the biggest threat to the millions of small businesses that are driving the economic recovery.

Tour De France brings insurance considerations

As Yorkshire prepares to welcome hundreds of thousands of spectators to one of the world’s biggest annual sporting events, NFU Mutual is warning entrepreneurs to check their insurance policies before embarking on ‘pop up’ business ventures, or potentially face being seriously out of pocket.

Three quarters of new businesses now started at home with women leading the way

According to a new study, “The Home Business Insight Report” (compiled by AXA Business Insurance and small business network, Enterprise Nation), home based businesses are an increasing benefit to the improving state of the UK economy.

£6.7 million a day in insurance claims from customers hit by the recent flooding

The wettest winter on record is likely to result in £446 million being paid in insurance claims to customers whose homes, businesses, and vehicles were flooded – the equivalent of £6.7 million a day - according to updated figures released by the ABI, covering the period 23 December 2013 to 28 February this year.

New Year, new start: UK SMEs look forward to 2014

Whilst many SMEs are entering 2014 with renewed optimism and enthusiasm for running their business, they also recognise the need to take extra steps to keep their business healthy in the first six months of 2014, according to research from Aviva.

RSA launches new restaurants and hotels policy

RSA, one of the largest UK Commercial insurers, has launched a new Restaurants and Hotels insurance policy, offering flexible cover with a wealth of benefits to the hospitality trade.

How to handle fraud to prevent financial loss in your business

In the UK, businesses lose £5 billion to fraud every year. You might be surprised to hear that fraud is more likely to be perpetrated by employees, rather than third party groups.

230,000 small businesses without insurance

One in 20 small business owners have no insurance cover in place - equivalent to 230,000 businesses across the UK - leaving them vulnerable to liability claims, hefty fines and prosecution, according to research by leading insurer LV=.

The need for extra income drives part time entrepreneurs

As wages fail to keep up with household bills Aviva's bi-annual SME Pulse found nearly half (44%) of part time business owners say they run their businesses to supplement existing incomes.

Working five to nine: second jobs to make a living

More than three million (six per cent) Britons have held a second job in the past six months and a further 1.5 million (four per cent) have launched their own business to supplement the income from their primary job, according to research from Direct Line Home Business Insurance.

Poor planning costs nation's entrepreneurs £1.4bn

Small businesses in Britain are facing a potential £1.4bn annual loss of revenue by failing to safeguard against business threats, according to new research.

8 million people in the UK operate an ‘online business from home’

One in six (17%) people in the UK (or eight million) are operating as an ‘online business from home', specifically purchasing goods to resell, or making their own products to sell for profit, according to research from Direct Line for Business ("DL4B").