Employers Liability

Rise in Fraudulent Claims? A Quarter of Small Businesses Experienced Employee Claims, Report Finds

AXA report reveals 84% of small businesses support reforms to combat UK’s “compensation culture” In a report released today, AXA revealed that nearly a quarter of small and medium-sized businesses had received claims against their Employers’ Liability Insurance since 2009. The findings support a growing attitude amongst employers that there has been a rise in fraudulent claims; as data shows an increase in claims despite a fall in reported workplace accidents. This rise in liability claims has resulted in an increase in premiums, with 50% of AXA’s respondents stating that they have experienced a rise in their premiums since 2009. Furthermore, AXA’s report states that 84% of employers believe that the UK has a compensation culture, with 77% sighting Claims Management Companies (CMCs) as the... »

Buying Your First Business Insurance Policy

Buying Your First Business Insurance Policy

There are some key milestones in your life. Your first words, starting your first day at school, buying your first car, landing your first job, starting your first business and, most excitingly, taking out your first business insurance policy. Indeed, one of those things is not like the others. It’s not necessarily that exciting, but what exactly do you need to know when taking out your first business insurance policy? What are you going to be asked for and how much paperwork will be involved? Here are the basic things you should be expecting to answer… Basic details It should go without saying, but the first things you will be asked for are your name, the name of your business, and the address of your business. Your postcode can actually affect your premium depending on the type of ... »