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Business Insurance

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").

Businesses running risks with fraudulent insurance claims

A study by AXA Business Insurance among small business owners reveals that insurance fraud is a real issue with one in three admitting they have inflated, or would inflate a claim while one in ten would bend the truth when applying for a policy.

Builder-friendly liability insurance

Build Assure, part of the FMB, has announced the launch of its Builder’s Liability Insurance offering, which has been specifically tailored by trade professionals for the Building and Construction sector.

The rise of the “mobile office” leaves businesses vulnerable

Research among commercial van drivers in the UK has found that modern technology has led to a doubling in the number of small businesses using their vans as a "mobile office" in the last five years.

Helpful van drivers could get caught out by lack of cover

A study of commercial van drivers by AXA Business Insurance highlights the drawbacks of van ownership as owners are called upon by others to borrow their vans for personal purposes.

Over 3m homeworkers potentially operating illegally, warns AXA

As the number of people who work from home continues to rise, statistics from AXA Business Insurance suggest that the majority of the 5.4million homeworkers in the UK are, probably unknowingly, operating without the insurance cover they need and over half are potentially breaking the law in the process.