Posts Tagged: Risk Management

The Services: The Devil in the Detail

Posted by & filed under Risk Management.

In a recent article (‘Contracts and the Need for Certainty’), we highlighted the importance of ensuring that a formal contract is in place with your Client(s). This helps ensure that both parties are aware of the terms of the appointment, and can assist in safeguarding your position should a dispute arise. However, the simple fact […]

Contracts & the Need for Certainty

Posted by & filed under Risk Management.

ContentsStarting a relationship on the Right Terms “The Boring Bit” “The Foundations” Reasonable Skill and Care Liability and Insurance “The Envelope Agreement” The Contract Itself The Free Contract & Collateral Warranty ServiceYou met the Client for the first time, they were impressed with your suggestions and ideas, a fee has been agreed and off you go. While you are in […]

6 Best Practices to Prevent Age Discrimination Claims

Posted by & filed under Business News, Risk Management.

The average life expectancy has steadily been rising over the past several decades, and as a result, people are remaining in the workforce longer—making organisations increasingly multigenerational. In fact, there are an estimated 1.3 million employees over the age of 65 currently employed. However, as the number of older workers has increased, so has the […]

28% of Executives Say Bribery is Rife in UK

Posted by & filed under Bribery, Business News, Risk Management.

Twenty-eight per cent of UK business leaders believe that bribery and corruption is prevalent throughout the nation, according to a 2016 survey conducted by professional services firm, EY. This broad acceptance of objectionable business practices is startling—especially given the recent spotlight on corporate governance and transparency in light of the Panama Papers. It is especially […]

Combat Rising Costs With Risk Management

Posted by & filed under Business News.

Even though the construction sector has been experiencing positive growth over the past several months, it still faces a steep challenge—rising material costs. Seventy per cent of SME construction firms experienced a significant increase in material prices in 2016, the steepest rise in prices in more than five years according to the Chartered Institute of […]

Don’t Let Social Media Tarnish Your Organisation’s Reputation

Posted by & filed under Business News, Risk Management.

Seventy-four percent of board members believe that reputational damage is the most concerning repercussion of an incident, according to research from the Economic Intelligence Unit. Regardless of your organisation’s size, your reputation, which is intrinsically linked to your brand, is a precious commodity that is just as important to bolster and protect as your goods […]

Cyber Criminals Can Exploit Any Organisation’s Weaknesses, No Matter the Size

Posted by & filed under Cyber Risks.

On average, each UK business was subject to 230,000 cyber attacks in 2016, according to research provided by internet service provider, Beaming. Very few of these attacks were successful, but the sheer volume is noteworthy. In November, for the first time ever, more than 1,000 attacks per day hit individual company firewalls, contributing to an […]

6 Ways to Reduce Employers Liability Claims

Posted by & filed under Business News, Risk Management.

In 2015-2016, nearly 700,000 workers suffered an injury whilst on the job, which contributed to 30.4 million lost working days and cost the economy about £14.1 billion, according to the HSE. Because your organisation is required to have employers’ liability cover, you already have cover to help pay compensation if your employees suffer a work-related […]

New Flood Cover Launched to Benefit Flood-prone Businesses

Posted by & filed under Business News, Risk Management.

In April, the government’s flood insurance scheme, Flood Re, came into force. Flood Re was developed in response to the devastating floods that have been afflicting the United Kingdom for several years. In fact, in 2015, flood damage was responsible for more than 15,000 home and business insurance claims, which amounted to insurers paying out […]