It’s true that businesses can benefit from what insurers put in their policies without having to purchase any insurance.

Insurance underwriters and actuaries study data to understand the characteristics that make something a ‘good risk’. Put simply, insurers like to hedge their bets with the best risks – those which pose little threat to their underwriting profit because they rarely suffer claims and, therefore, allow insurers to keep more of the premiums.

Despite, the wide usage, many people are still in the dark about how far reaching and integrated the technology of lithium batteries is. And yet I am sure that these types of batteries will permeate even more devices in the future. Furthermore, the ubiquitous nature of lithium batteries could unknowingly put more of our personal possessions and businesses at risk of fire – an unwanted consequence that’s coming to light.

Insurance can often be a complex subject and, in my discussions with clients, I will try to use a different context to explain my point. I am not alone in this. The Office of National Statistics do this to help explain consumer price inflation with their basket of goods.

Insurance broking is a professional service which is advice led and should, therefore, be expected to provide clear and accurate information – would you be willing to accept the following from other professional services?

D&O is a claims made policy. This means that it must be in place for cover to be provided. D&O policies also normally contain a transaction clause which states that the insurer will not provide any cover following a transaction – at best, it will put the current policy into run off for acts undertaken by the original owners before the transaction.

Nobody is likely to forget the terrible events of May 22nd 2017 in Manchester, when a suicide bomber killed 22 innocent people and injured well over 100 others leaving an Ariana Grande concert at the Manchester Arena.

In the five and a half years since the attack, the mother of one of the victims has tirelessly campaigned for a change in the law to place more onus on venue operators to have procedures in place to help protect members of the public.