On the surface, professional indemnity insurance and medical malpractice insurance might seem similar. They both offer a similar sort of protection – cover for any legal fees and compensation that might arise from mistakes you make on the job. Many professionals can get by with a standard indemnity insurance policy. But in some sectors, professional…
If you run a business, then you need insurance. You’re legally required to get certain types of business insurance. But even beyond your legal obligations, you should view business insurance as an essential safety net. Insurance guarantees that you’ll be able to bounce back from any crisis, no matter how severe or unexpected. If you…
As a dental nurse, you need medical malpractice insurance. Your GDC registration depends on it. But you may also have heard of treatment risk insurance, or treatment liability insurance. And as dental nurses offer certain treatments, you might be wondering – do I need treatment risk insurance? In this post we’ll explore the differences between…
According to a 2019 report by the Federation of Small Businesses, small businesses fall victim to around 10,000 cyber-attacks every day. Cybercrime is estimated to cost small businesses a staggering £4.5 billion each year, with the average cost of a single attack at £1,300. The latest 2020 Cyber Breach Survey from the government, reported that…
A director’s loan account (DLA) allows directors, or their family members, to take money out of their company. To qualify as a “director’s loan”, this money must not be a salary, a dividend, or an expense repayment. Also, it must not be money you’ve previously paid into or loaned to the company. How Does A…
All businesses need cyber security policies. But if you’re running a small business, it’s particularly important that you take steps to protect yourself against the risks of cybercrime. Why? Because studies show that cyber-criminals are more likely to target small businesses over larger businesses. Indeed, one study found that up to 96% of all cyber…
Like all professionals, counsellors and therapists need insurance to protect them from the various risks of the job. Let’s take a look at some of the most essential insurance products for counsellors and therapists. What Insurance do Counsellors and Therapists need? The types of insurance counsellors and therapists need can be far reaching, depending on…
Hackers and other criminals are using increasingly sophisticated techniques to scam and exploit people. And nothing is off-limits for them. So you should consider any aspect of your business that relies on digital technologies as a potential weak-spot, as an area that cyber criminals could target. Even if you’re an independent contractor offering painting and…
Cashflow is the lifeblood of your business. But you might sometimes struggle to make a cash flow forecast – particularly if you’re a small business, or if you’re new to the business world. This is your essential guide to cashflow forecasting. We’ll explain what it is and why it matters, before exploring ways you might…
Like all contractors, IT contractors should get adequate professional indemnity insurance to cover them for certain professional risks. This is a guide to professional indemnity insurance for IT contractors. Whether you’re new to the world of IT consultancy, or you’ve just started working with bigger clients and you’ve realised you need insurance, this guide will…