Author: Tom Wood | Date: 17/02/2023
Categories: General
If you’re running a business, it is crucial you are protected with credit insurance. Credit insurance can cover and protect you from multiple different risks. This includes protection in case a customer is not paying or if a supplier is not delivering or has gone bust. Credit insurance also keeps watch on customers’ credit to give warnings and help reduce […]
Author: Tom Wood | Date: 14/02/2023
An insurance policy is, in most cases, valid for 12 months. You may think this means that the period of time is covered completely by that claim, yet this is not always the case, and policies can be written on either a “claims made” or “claims occurring” basis. It is essential to understand these when thinking of Director’s & Officer’s […]
Author: Tom Wood | Date: 27/01/2023
We understand that the world of insurance can be overwhelming, and it often remains a mystery to clients what it is we actually do. To give clients a better understanding of how we aid in serving their insurance needs, we had our commercial broker Stephen Finnon give us some insight into his role at L Wood. Stephen is an important […]
Author: Tom Wood | Date: 13/01/2023
Categories: General
With news of floods and storms making the rounds, it’s a perfect opportunity for us to remind clients of the risk of escape of water. Escape of water represents a large proportion of property claims, with insurers delivering £2.5m of assistance each day. Water can travel long distances and go undetected for some time, meaning even minor escapes have the […]