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Average cost of battery fire claims hits £50,000
Data released today by insurer Allianz reveals the high cost of fire-related claims involving lithium batteries.
The average cost of these claims is £50,000, with fires caused by leaking and damaged batteries and overcharged e-vehicles combusting at home.
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Avoiding Underinsurance in Construction
Underinsurance in the construction sector can pose significant risks, leaving projects vulnerable to financial losses in the event of unforeseen events such as natural disasters or accidents.
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Repairing the skills gap
A shortage of skills in the motor repair sector is fuelling claims costs and pushing up motor insurance premiums.
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Biggest threats facing SMEs in 2024 revealed by Allianz
New research by Allianz Commercial has found that inflation continues to be the biggest threat facing small and medium-sized enterprises (SMEs) in 2024.
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The importance of setting an appropriate indemnity period
Underinsurance in business interruption (BI) policies is common, and can jeopardise an organisation’s ability to fully recover following a loss.
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Underinsurance – a continuing issue
All businesses are open to risk if they don’t have the correct level of insurance, and some, more than others, may be at risk of financial hardship as a result of being either underinsured or uninsured.
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Closure of BT Redcare Operations
On 31st January 2024, BT announced that they had made the decision to close all BT Redcare operations on 1 August 2025.
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Fraudsters Target Property Insurance Claims Amid Cost-of-Living Crisis
As British households continue to feel the squeeze from the soaring cost of living and high interest rates, some are resorting to fraudulent means to make ends meet. New data from Zurich UK reveals an alarming 88% spike in fraudulent property insurance claims over the past two years.
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Theft is on the rise, so what can you do to protect yourself?
Over the past 12 months, the UK has faced a number of unsettling economic changes.
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Concerned about crumbling concrete?
Reinforced Autoclaved Aerated Concrete (RAAC) has made the headlines recently for all the wrong reasons. This is due to concerns about the risk of sudden collapse in schools and other buildings where the material is used.
