On June 4, 2020, the Government guaranteed to back Trade Credit insurance schemes to the tune of £10bn (1) through its Trade Credit Reinsurance scheme, announcing it would step into the market in such a way as to maintain coverage and credit limits for businesses. Announcing the temporary support in June, Business Secretary of State, Alok Sharma, declared Trade Credit […]
Author: Tom Wood | Date: 30/12/2020
Author: Tom Wood | Date: 23/12/2020
Despite having many other pressures at the present time, litigation is one of the major concerns within the UK’s construction sector, with contractors and sub-contractors battling this issue on two fronts – contractual and employee related. Such is the concern about the ‘L’ word (litigation) that the Construction Leadership Council (CLC) issued a 19-page best practice guidance document in May […]
Author: Tom Wood | Date: 16/12/2020
A tougher insurance market, coupled with a hardening attitude amongst insurers towards risk, are creating the conditions for an insurance product, with its roots in the 1960s, to attract greater levels of attention amongst those requiring public and products liability protection today. The insurance product in question is Excess Liability Cover – a type of insurance that provides extra cover […]
Author: Tom Wood | Date: 08/12/2020
The disturbance to international supply chains caused by Covid-19 is exacerbating what was an already disturbing pattern in relation to marine cargo thefts, according to international experts who warn of the exposures all shippers, exporters and importers face. The Transported Asset Protection Association (TAPA) says cargo thieves see such supply disruptions as “windows of opportunity”. This is leading to increases […]