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Government U-Turn on the Ogden Discount Rate
Government U-Turn on the Ogden Discount Rate
In March 2017, the government announced a cut in the discount rate which is applied to insurance compensation payments for long-term bodily injury calculations, from 2.5% discount to 0.75% loading. This change increased claims reserves and settlement amounts for any new and pending claims.

The decision led to widespread criticism from the insurance industry, due to the immediate impact...

7 Tips to Obtain GDPR Consent
7 Tips to Obtain GDPR Consent
On 25 May 2018, the General Data Protection Regulation (GDPR) comes into effect, which expands the rights of individuals and their data while placing greater obligations on organisations that process personal data.

However, one of the most important GDPR changes involves strengthening consent standards. Failure to obtain proper consent to process data, which includes contacting individuals,...

How to Protect Your Business From Bad Debt?
How to Protect Your Business From Bad Debt?
Whether trading and offering a credit line to your customers in settled times, let alone times of economic turbulence,
a Credit Insurance policy serves as a very powerful and beneficial financial tool.

Credit insurance (often referred to as “customer bad debt protection”) offers you the peace of mind and comfort that your credit sales are covered from the risk of your buyer...

Understanding GDPR Consent
Understanding GDPR Consent
The General Data Protection Regulation (GDPR), or the Data Protection Bill, will come into force on 25 May 2018. Despite there being less than a year for UK organisations to become compliant, the Information Commissioner’s Office (ICO) has yet to finalise its consent guidance, which it plans to release in December. As the specifics surrounding consent requirements under the GDPR are still subject...

ICB vs 8 Peaks Challenge - The Video
ICB vs 8 Peaks Challenge - The Video
Well done to the ICB Team who successfully completed the 8 Peaks Challenge 2017 on 2nd September, 2017.

The team set out at 7.30 am, and reached the finish line approximately 6.00 pm. The spirits were high throughout the trek, as they were blessed with immaculate weather and a brilliant guide.
  
Big thank you to all the supporters who helped us raise approximately £4,800...

Building Cladding / Panelling - The Essentials
Building Cladding / Panelling - The Essentials
Introduction
It is now a little while since the tragic events of the Grenfell Tower fire disaster and there are many investigations going on as to what the issues were, and what issues remain, in other buildings of a similar construction.
Inevitably, this has led to questions from a number of our clients and contacts as to what the implications may be for them and their businesses and what can...

ICB Group 8 Peaks Lake District Challenge - Surrey Hills Practice – Saturday 19th August
ICB Group 8 Peaks Lake District Challenge - Surrey Hills Practice – Saturday 19th August
With two weeks to go until our 8 peaks challenge the team underwent their toughest exercise to date in preparation for the 2nd  September.  
Aim – trek for 16k’s up and down the hills until we’d had enough basically
Team members – 7 out of the magnificent 11 attended
Conditions – Gloriously sunny (SPF weather for some of us)
Results –...

6 Steps to Choosing Employers’ Liability Limits
6 Steps to Choosing Employers’ Liability Limits

DID YOU KNOW?
Employers’ Liability (EL) insurance is compulsory for any business that employs staffGreat care should be taken when choosing limits of indemnity, especially following recent changes to personal injury law
While the statutory minimum is £5m, and today’s policies tend to start at £10m, many businesses will need a higher limit to adequately meet their needs.

We...

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...

ICB Group 8 Peaks Challenge – 2nd September 2017
ICB Group 8 Peaks Challenge – 2nd September 2017
A team of 11 intrepid adventurers from ICB group have accepted the challenge of scaling 8 Lake District peaks over 12 hours of continuous trekking to raise money for the British Heart Foundation. The challenge will see the team take on the Lakes most famous peaks including Scafell Pike (978m) and Great End (907m) covering 23 kilometres with over 1600m of ascent. Team members have been busy purchasing...

Combatting CEO Fraud Email Scams
Combatting CEO Fraud Email Scams
Fraud and cyber crime—which includes any criminal act dealing with computers and networks—are the most common criminal offences in the United Kingdom, according to the most recent data from the Office for National Statistics. In fact, in 2015, approximately 8,000 people and companies each month reported being the target of a phishing scam, which involves fraudsters accessing valuable personal...

Your Selfie Could Open the Door to  Criminals
Your Selfie Could Open the Door to Criminals

While social media can be a valuable tool for entertainment and communication, it can also open the door to crime. When you share pictures of your location or possessions on social media, you enable criminals to target you for criminal behaviour. 

None of your social media posts are ever truly private. And can you really trust all of your ‘friends’ on social media networks?...

Following this Weekend's Ransomware Attacks - Here are 5 Tips to Keep Your Business Safe
Following this Weekend's Ransomware Attacks - Here are 5 Tips to Keep Your Business Safe
Following the highly publicised wave of Ransomware attacks over the weekend, which hit the NHS among 200,000 other victims in 150 countries according to Europol, ICB Group have put together 5 Tips to Keep Your Business Safe, to help you avoid being the subject of a Cyber or Ransomware attack.

1. Understand what a Cyber Ransomware attack is:
➤ Read our article 'What is Ransomware?'...

Significant Legislative Changes Coming Into Force in April
Significant Legislative Changes Coming Into Force in April
Beginning on 6th April, UK businesses will have several new pieces of legislation that they will have to comply with unless they wish to incur fines and penalties. 

To ensure that your business is aptly prepared, here are the five most significant pieces of legislation coming into force:

1. Gender pay gap: Qualifying companies (250 or more employees) will need to publish the details...

The Impact of the Ogden Discount Rate Reduction
The Impact of the Ogden Discount Rate Reduction
* A new article on the Ogden Discount Rate has been published. Click here to read
Government adopts negative discount rate
On 27th February 2017, Lord Chancellor Elizabeth Truss announced a new discount rate of -0.75% for personal injury awards. This new rate came into effect 20th March 2017 and was met with enthusiasm by personal injury victims and advocates, but with sharp criticism by Insurers.
The...

UK Companies’ Top 3 Risks in 2017
UK Companies’ Top 3 Risks in 2017
Each new year brings with it a collection of challenges for businesses to overcome, and 2017 is no different. That is why your company needs to be adequately prepared for this year’s forecast, which includes digital threats and shifting economic conditions. According to a recent industry survey, the following three risks are the most significant and worrisome that UK companies of all sizes will...

Don’t Let Social Media Tarnish Your Organisation’s Reputation
Don’t Let Social Media Tarnish Your Organisation’s Reputation
Seventy-four per cent 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 and services. Those tasks...

New Flood Cover Launched to Benefit Flood-prone Businesses
New Flood Cover Launched to Benefit Flood-prone Businesses
Did you know?
Flood Re, the government-backed reinsurance scheme developed to help flood-prone homeowners obtain affordable flood cover, launched in April 2016 and is expected to benefit 350,000 households. But Flood Re excludes SMEs, meaning many small employers still struggle to find affordable flood cover. However, thanks to the new commercial insurance scheme launched by the British Insurance...

A New Year’s Resolution for 2017 - Achieve Better Business Continuity
A New Year’s Resolution for 2017 - Achieve Better Business Continuity
The threat landscape is changing and management teams must now consider a wider range of scenarios to ensure that their business can effectively respond and continue priority activities when faced with unexpected events. The risks associated with cyber security, technological changes, severe weather events and increasing supply chain dependencies need to be considered alongside the traditional “what...

Defend Against These Director Penalties
Defend Against These Director Penalties
There has been a growing call for greater accountability and transparency from companies, and the onus of that obligation rests with their directors. As a result of this burden of responsibility, directors are exposed to more liability than ever before. 
Whilst a majority of directors should already be aware of their duties, as outlined in the Companies Act 2006, there are additional obligations...

5 Social Engineering Strategies That Threaten Your Company
5 Social Engineering Strategies That Threaten Your Company
 Regardless of how much your company may have invested in its cyber security, there will always be one glaring vulnerability — the people that work there. Instead of using sophisticated and malicious computer codes, cyber criminals employ social engineering strategies to gain access to your company’s confidential information. These strategies are meant to persuade, trick, blackmail,...

Ransomware - what is it, what to look out for, and how to protect your business?
Ransomware - what is it, what to look out for, and how to protect your business?
What is Ransomware? Ransomware is a piece of malicious software that encrypts all of the data on a company’s or private user’s network and that can only be decrypted after paying cyber criminals a ransom—between £500 and £1,000 on average, though, according to a report by IBM, half of the 600 surveyed companies affected spent more than $10,000 (~£8,000) while...

Winter Travel Tips to Save You Money
Winter Travel Tips to Save You Money
Although it’s easy to get caught up in the excitement of planning a winter holiday, don’t forget to sort your travel money and insurance as well. Save money by being proactive and following these tips:
Pre-book currency. Don’t wait until the last minute, or you may end up paying more—especially at the airport where exchange rates are inflated. Consider pre-ordering currency...

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

Dash Cam – Should I Bother?
Dash Cam – Should I Bother?
Dash cams are increasingly used by a number of drivers and businesses to record their journeys in a vehicle. There are a number of benefits to using these.
Benefits:
1. Can provide evidence of who was at fault in an accident by showing exactly what happened.2. May be able to provide location and speed of the vehicle dependent upon the type of camera.3. Can show a view of the driver to monitor...