In a recent podcast, we delved into the significance of ‘tenant type’ disclosure and why it shouldn’t be taken lightly, particularly for property owners. The underlying principle is simple: providing brokers and insurers with comprehensive information is essential for making accurate judgments regarding risk coverage and appropriate insurance amounts.

Understanding your insurance policy is crucial as it contains vital information that can have unexpected benefits. Many policyholders are unaware of situations where their policy can save them money and time. For instance, I recently had a customer who had “wrongful conversion” cover in their policy. If they’d known about it, they could have filed a claim and saved themselves a significant amount of effort.

Warranty and Indemnity Insurance (W&I) is a specialised form of insurance that can provide protection to both the buyer and seller of businesses.

When considering selling a business, there are many risks and uncertainties involved, including the possibility of warranty claims from the buyer after the sale. W&I Insurance provides coverage for losses resulting from breaches of representations, and warranties made in the sale and purchase agreement of a business. 

AI – or Artificial Intelligence – is everywhere now, and there seems to be no end of fine artworks, animation stills, or sketches that have been created online by various AI tools and software. ChatGPT for example, is being blamed for robbing students of their motivation to carry out research and write their own essays for their degrees.

During a visit to see my wife’s family in Malta over Easter, we happened to walk past one of our partner broker offices. In truth – and I’m sure my kids would agree  –  it didn’t quite make the holiday highlight in the same way as the trip round the Gran Harbour in Valetta.  But I knew there and then this sighting would form the basis of a relevant article on how we could build on relationships with partner brokers in non-UK territories.

In this article, we explore what “trade credit” is, and why it’s becoming increasingly important for businesses to consider a credit insurance policy. Jack Durrant, Associate Director, spoke with Andrew Smith, a Client Director in the Trade Credit team, to get a better understanding of this topic.

While a growing number of businesses and even sole traders have adequately armed themselves with specific insurance against cyber-attacks, there are many companies that remain inadequately protected from the threat and consequences of cyber-crime. Whether it’s the excuse of “it will never happen to us” or possibly viewing it as an extra and unnecessary expense, the number of firms uninsured and therefore more exposed, is quite staggering.

On 23rd March 2023, Aston Lark Commercial division hosted a webinar featuring our guest speaker Catherine Aleppo, Head of UK SME Cyber at Howden, who shared her expertise on the latest trends in cyber risk.

You'll learn about the top 3 types of claim, the most common misconceptions, and the value of a proactive approach to cybersecurity, as well as how to assess your cyber risk and protect your businesses' digital assets.