Q1 2019 has seen the highest underlying level of company insolvencies of any quarter since Q1 2014, with 4187 company insolvencies – a rise of 6.3% since Q4 2018 and an increase of 5.1% on the same quarter last year. Meanwhile, Q1 2019 has seen 31,257 individual insolvencies – up 15.9% on Q1 2018. But what does insolvency – corporate Read More…
Author: Tom Wood | Date: 01/10/2019
Author: Tom Wood | Date: 25/09/2019
In the ever more litigious society it is important to make sure your Directors & Officers Liability limit is sufficient. “There is still a common mis-understanding with the belief that as a Director of a Limited Company there is no personal liability with regards to their corporate actions. In fact Personal Liability is unlimited and is not just restricted to Read More…
Author: Tom Wood | Date: 24/09/2019
Three-quarters of businesses are estimated to be unprepared for a cyber attack despite, in many cases, leaving the door open for cyber criminals to freely enter their systems. Furthermore, with the ever-growing number of connected devices available through the Internet of Things, the number of doors open to cyber criminals is snowballing. Even a connected fish tank has served as Read More…
Author: Tom Wood | Date: 17/09/2019
Insurance crime does not pay
Categories: General
The insurance industry is increasingly taking what could be termed a ‘lie detector’ approach to both insurance claims and insurance proposal form submissions. It is using collaborative approaches and insurance ‘forensics’ to wheedle out and identify individuals and businesses either seeking to defraud insurers through false or exaggerated claims or pay lower premiums by deliberately lying about their risk. Since Read More…