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Here's How the Increased Ogden Rate Will Impact Your Insurance
Here's How the Increased Ogden Rate Will Impact Your Insurance
Lord Chancellor David Gauke recently announced a new Ogden Rate (also known as the Discount Rate) of -0.25 per cent for personal injury awards. This new rate, which represents a 0.5 per cent increase from the previous rate of -0.75 per cent, came into effect on 5th August 2019. The government made the decision to increase the Ogden Rate after the old rate led to concerns that victims of life-changing...

Don’t Skip out on Environmental Cover: Debunking Common Myths
Don’t Skip out on Environmental Cover: Debunking Common Myths
Whether your organisation conducts business operations at the construction site, on the road or in the confines of an office building, it’s crucial to consider your environmental liability exposures and purchase proper cover as protection. 

Nevertheless, many organisations are quick to reject the importance of having an insurance policy for environmental concerns—justifying...

Insurance Solutions for Tech Start-ups
Insurance Solutions for Tech Start-ups
Initiating a start-up business is a major professional commitment that can lead you to a path of immense financial success and a well-respected entrepreneurial reputation. Indeed, you never know whether your debut business idea could develop into the next big thing and reap significant profits for years to come. What’s more, recent data revealed that start-up organisations are on the rise. In...

Prepare Your Business for the Unpredictable with Proper Cover
Prepare Your Business for the Unpredictable with Proper Cover
Although robust risk management practices can help protect your business from a wide range of potential disasters, it can be increasingly difficult to prepare for the worst in an unpredictable market. And in the midst of political uncertainty regarding Brexit, rising adverse weather instances at the hands of climate change, a rapidly ageing workforce and constantly evolving technology, the UK market...

Long read: Are Insurtechs Changing the Face of Business Insurance?
Long read: Are Insurtechs Changing the Face of Business Insurance?
ICB Group is proud to present this article, which is an interesting study into the impact of technology on the insurance landscape, published by Eric Maumy, the CEO of Verlingue – our parent company
Long spared, the business insurance sector has been hit hard by the digital revolution and the emergence of start-ups that are upsetting established models. Even though the disruption is not as...

You Won’t Regret it: Keep Your Insurer Updated
You Won’t Regret it: Keep Your Insurer Updated
When you experience a significant life change, the last person you probably think about telling is your broker. However, some life changes alter your level of risk. Inform your broker of the following life changes: 

A new job— Your career has a significant impact on your risk. After all, while some jobs require a lot of time on the road, others offer remote options.A new address— Depending...

Why the GDPR Means You May Need More Cyber and D&O Insurance
Why the GDPR Means You May Need More Cyber and D&O Insurance
Last year was a record-breaking year in terms of cyber claims, totalling more claims than the previous four years combined, according to recent industry research. However, researchers predict that cyber claims will rise now more than ever as a result of the General Data Protection Regulation (GDPR). Due to the GDPR’s strict regulations and hefty non-compliance fines, the consequences your business...

Carillion’s Demise—Could You Be Held Responsible for Insolvency?
Carillion’s Demise—Could You Be Held Responsible for Insolvency?
Carillion, formerly the second-largest construction company in the United Kingdom, went into compulsory liquidation on 15 January. Unfortunately, this type of situation is not uncommon, as the number of companies that entered insolvency in 2017 rose by 4.2 per cent to 17,243, according to the Insolvency Service.

Regardless of the size of the organisation, insolvency has significant repercussions...

Don’t Hit the Slopes Without the Right Cover
Don’t Hit the Slopes Without the Right Cover
An estimated 1.75 million Britons will go on a ski holiday this winter, according to the UK association for tour operators and travel agents, Abita. However, 33 per cent of Britons admit to not checking to see if their travel insurance covers winter sports. This is especially troubling, as from 2012-16, there were 58 deaths, 118 hospitalisations, and thousands of injuries from skiing and snowboarding...

Protect Your Business with Crime Cover
Protect Your Business with Crime Cover

You may think that your employees would never steal from you or that your business would never be the victim of theft, but the harsh reality is that nearly every business is eventually victimised by fraud or theft. 

Thieves (including your employees) do not need direct access to cash to steal from you—merchandise, supplies and securities are all vulnerable. Criminals...

ICB Group are Exhibiting and Speaking at the Takeaway and Restaurant Innovation Expo
ICB Group are Exhibiting and Speaking at the Takeaway and Restaurant Innovation Expo
With 20 years experience arranging insurance for Food Delivery businesses, ICB Group is an expert in the field, which is why we are speakers on two panels at the Takeaway Expo 2017.

Working together with industry giants, such as Domino`s Pizza, ICB Group have unrivalled expertise in providing the best solutions for Restaurants and Fast Food companies providing insurance for all their business...

What is Trade Credit Insurance? Watch our Quick Two-Minute Videographic
What is Trade Credit Insurance? Watch our Quick Two-Minute Videographic

Watch our quick 2 minute videographic, which explains what the benefits of having a Credit Insurance Policy are, and why you should consider it for your business.


For more information on Trade Credit Insurance, please visit the Credit Insurance section on our website at: https://www.icbgroupuk.com/sectors-services/credit-insurance

Insurance Act 2015 - The Extended Version
Insurance Act 2015 - The Extended Version
Insurance Act 2015 - The Details
Effective from 12 August 2016 the Insurance Market will see extensive reforms as The Insurance Act 2015 comes into force.
KEY ASPECTS OF THE ACT
– THE DUTY OF FAIR PRESENTATION
– WARRANTIES AND OTHER CONDITIONS
– THIRD PARTIES’ RIGHTS AND REMEDIES FOR FRAUD
– CONTRACTING OUT OF THE ACT


Focus here is given to...

The Insurance Act 2015 - What Does It Mean?
The Insurance Act 2015 - What Does It Mean?
OVERVIEW
The matter has been in progress with the Law Commission since 2006, with the aim of reforming insurance contract law (which is fundamentally based on the 1906 Marine Insurance Act).

It brings clarity to old legislation, bringing it up-to-date and tidying areas of ambiguity.

The Insurance Act is effective from 12 August 2016 and will apply to all policies which either...