The Supreme Court has ruled in favour of the FCA, and subsequently small businesses across the UK, in a Business Interruption insurance test case. The six insurers involved will be forced to pay an outstanding £1.2bn in CBI claims, meaning thousands…
‘What limits of indemnity should I buy?’ is an often-asked question with no simple single sentence answer. The most straightforward answer an insurance broker will provide is probably ‘as much as you can afford to buy’. However, your thoughts might…
Contract terms matter. Whether it’s insurance coverage and how your insurers will defend you, how your insurer will concede liability and make a third party payment, or if they’ll cover a matter at all, understanding what’s included in your contractual…
The COVID-19 Pandemic has brought about significant disruption across the majority of UK industries, with businesses facing substantial financial losses and in certain instances has led to insolvency. Policyholders have looked to their insurers and brokers in order to understand whether claims can be made for…
Following on from the Professional Indemnity insurance market, the UK market for Directors & Officers (D&O) insurance has hardened significantly over the past 6-9 months. Unfortunately, for now, this shows no signs of abating. Inadequate pricing for D&O claims leads…
Following on from our previous communication, Kingsbridge have put together some practical advice on changes to your business, Risk Management and any potential payment issues. Unoccupied Properties The majority of commercial insurance policies providing cover for buildings/property within buildings, will…
A large proportion of companies will have begun the process of working from home this week. As part of the process of preparing for remote working, it is important to have clear processes in place to ensure productivity, communication, collaboration…
Following the global outbreak of the disease COVID-19 (caused by a new type of Coronavirus), Kingsbridge have engaged with a range of insurers in order to obtain clarification as to whether commercial insurance policies will respond to losses that may…
2019 represented a turbulent year for the Property Owners Insurance market, which can now be considered to be entering a ‘hard market’. Insurance trends in 2019 have culminated in the November 2019 White Paper – ‘From Water Claims to Climate…
At the time of writing, the United Kingdom are poised to depart the European Union (Brexit) on 31st January 2020, marking the end of a 47 year relationship between the two trading bodies. With the UK currently positioned as the…