Broker insurer MMA Insurance has joined forces with RiskSTOP, the leading provider of independent risk management services, to provide risk management assistance to MMA policyholders. The service will also support brokers in the development of a quality book of SME business. The partnership comes into force in January 2010 and will see RiskSTOP undertaking site and questionnaire-based surveys and managing the implementation of risk improvements on behalf of MMA Insurance. Initially the service will be available to MMA’s Commercial Combined customers...  Lire la suite

UK businesses have to beware of the increased risk of equipment failure and breakdown as the coldest winter in over a decade continues according to HSB Engineering Insurance. A number of schools and businesses have been affected by failed boilers and HSB is already reporting an increase in queries relating to equipment malfunction associated with cold weather. To minimise the potential for equipment breakdown, HSB is advising businesses that heating systems should be kept operating at all times – running at low setting during off-peak times to...  Lire la suite

The British Insurance Brokers’ Association (BIBA) is calling on the Government to do more to ensure that small businesses survive a major incident such as a fire, flood, act of terrorism, or a pandemic such as swine flu, particularly during the current economic downturn. Independent research commissioned by BIBA has revealed that 45% of businesses have no, or at very best, rough plans to deal with the effects of flood or storm damage. This is despite the £3billion of flood claims from 2007 and that 80% of businesses affected by a major incident...  Lire la suite

Commercial insurance underwriting specialist APC will launch its most ambitious product to date, the week commencing 7th December, with what will be one of the broadest commercial combined products in the market. The product will cater for over 250 different trades from a wealth of areas including wholesalers, distributors, manufacturers, processors, engineering risks and leisure risks. Any risk in the UK that requires property and casualty cover combined can be processed on the new product. Commercial combined will be available online to brokers...  Lire la suite

Groupama Insurances’ Personal Accident policy has been enhanced to give brokers targeting the SME sector a powerful sales proposition at a time when small businesses can ill afford the potential impact of lengthy staff absences from work. Neil Thunström, Head of Personal Accident and Travel at Groupama Insurances said: “Small businesses by their nature are heavily dependent on key individuals within the workforce to keep the business going. In these tough times as many firms downscale their workforce it’s critical that brokers help them...  Lire la suite