Business interruption
Blog: Open or closed – the branch dilemma facing brokers
As the first working week of self-isolation comes to a close for many, Insurance Age content director Jonathan Swift looks at the stance brokers are taking in terms shutting up shop or keeping their branches open.
Covid-19: Lloyd's outlines coronavirus impact and response
CEO John Neal urges the industry to "put a lot more effort" into explaining products to clients.
Covid-19: How are brokers keeping in touch through the crisis?
Brokers say they are sharing experiences with each other to "protect the broking profession" as they explore new ways of working from home and reveal their favourite platforms to stay connected.
Covid-19: Nicola Sturgeon calls on insurers to "play their part"
The Scottish First Minister says insurers need to "step up to the plate" and help small businesses.
Covid-19: ABI clarifies position on business insurance
The insurance industry has faced a customer backlash as most commercial policies do not cover for business interruption caused by pandemic.
Finance adviser suspends broker fees
Integritas has stopped fees for insurance brokers until 15 April amid the coronavirus outbreak and says it will help them access the government BI loan scheme.
Covid-19: Mactavish calls on government to help insurers through crisis
Consultancy warns coronavirus impact on insurers will lead to dramatically rising premiums and exits from business classes as it urges the government to look at a range of measures including temporarily suspending IPT.
Covid-19: Government addresses nation on pandemic BI cover
Government says insurers will cover pandemic but ABI insists this changes very little as most do not have this type of cover.
Covid-19: ABI admits few will be covered for BI
The government advised leisure businesses to close voluntarily prompting a public backlash that firms won’t be able to claim for business interruption as it isn’t a closure order.
The Blog Spot: Navigating these strange times
We’re already seeing travel cover suspended and confirmation BI isn’t covered for Covid-19. What might this mean for the future of insurance and trust in the sector?
Covid-19: Brokers ban meetings and push remote working
Updated: The largest brokers in the UK revealed measures in place to protect staff and customers from coronavirus.
Axa confirms position on coronavirus business interruption coverage
Updated: The provider won’t cover for Covid-19 unless it is specifically named in the terms as other insurers including RSA, Allianz, NIG and Ageas respond to the crisis.
C-Quence's P&C launch backed by NIG
Exclusive: The MGA will launch its P&C product suite in early March, aiming to eventually target 21 industry sectors.
Hiscox adds extensions to technology cover
Provider now covers intellectual property infringement and pre-claims assistance, as well as unlimited business interruption for firms up to £2m.
CFC unveils cyber risk heat map
Map ranks the severity of different industries’ exposures to business interruption, privacy, and cybercrime and includes a few examples of how these exposures can play out for various types of organisations.
Allianz launches mid-market cyber offering
Cyber Select offers breach prevention and management to businesses with turnover up to £350m.
NMU updates cyber product
Product launched earlier this year also now includes cover for court attendance costs, service providers’ extensions and operational error.
Research uncovers SME worries over regulation and cyber
Independent research published by Allianz highlighted the wider role of the broker.
Insurance Hound: Most read by brokers from July to August
Which whitepapers grabbed the attention of the broking space over the summer period?
JLT Specialty launches real estate cyber product
Product will include business interruption and privacy related exposures that have resulted from a cyber attack.
GRP-owned EPUL adds non-damage BI cover to terrorism product
Move follows Pool Re’s extension of its cover to include non-damage business interruption.
Market welcomes Pool Re non-damage BI extension
The Counter Terrorism and Border Security Bill, which outlines how Pool Re can operate, received Royal Assent yesterday (13 February).
Using technology to give mid-market clients a corporate insurance experience
Too large to benefit from government initiatives but too small to employ their own risk managers, mid-market businesses can inadvertently find themselves taking on unexpected levels of risk. As these businesses grow and face new and increasingly complex…
CFC expands cyber product
Business interruption has been added along with cover for cybercrime.