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Business Insurance

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.

Over 1 million small businesses targeted by criminals in the past two years

Almost one in four small businesses (24%) have been the victim of business-crime in the past two years, according to research from Direct Line For Business.

Why do builders need public liability insurance?

In the battle to build your burgeoning business into a profitable enterprise word-of-mouth recommendations are key in the early days.

Tips for home-workers from Endsleigh Insurance

The current job market is encouraging many people, especially working mums, to try self-employed life for the first time. Endsleigh Insurance provides tips for people setting up their own businesses.

New AA motor trade insurance range launched

AA Insurance has expanded its commercial insurance offering to bring a range of commercial insurance policies to the motor trade.