Use this risk assessment template to establish a general framework for identifying, mitigating and potentially eliminating risks within your organisation. Customise to fit your specific business needs.
Download the Risk Assessment template here: Risk Assessment Template
As Brexit approaches on 29 March 2019, only months remain for the UK government and the EU to sign a withdrawal agreement, ratified by both the UK Parliament and European Parliament.
Without a concrete agreement established under Article 50 of the Lisbon Treaty, Brexit would result in a no-deal scenario, forcing the UK to leave the EU and become a third country without the proper framework in place for a future relationship between the separated entities.
Although the government remains confident that a deal will take place, it recently announced that the shrinking time frame calls for proper preparation for a no-deal scenario, publishing a series of articles and 25 technical notices containing industry-specific guidance. The publications highlighted several broad areas in which significant changes could result from a no-deal scenario, including credit card crisis, medicinal hurdles, produce problems, business barriers and issues with ongoing scientific research.
This News Brief briefly summarises each of these areas of potential change.
Read more: Government Releases Guidance for Possible No Deal Brexit
With insurance premium tax (IPT) doubling from 6% to 12% in recent years, car insurance premiums (particularly among newly-qualified drivers) have increased sharply. Telematics (the ‘black box’) presents an opportunity to reduce these costs and reduce premiums back to an affordable level.
This news piece from ITN discusses the value of telematics in making the roads safer as well as reducing premiums for young drivers who are most affected by increasing IPT.
This excellent news item from ITN discusses the benefits of using brokers when buying or renewing home insurance or business insurance policies, and in particular the risk of under-insurance when utilising online price comparison sites.
It outlines the broker’s role as a trusted adviser; an insurance expert who is best-placed to properly identify and quantify your needs so that, should the worst happen, you have enough coverage to fully indemnify you for your loss.
If your insurance costs have risen steeply over the last few years, this is why – the insurance premium tax rate has risen to 12%, the fourth increase in just six years. Whilst cost shouldn’t be the only reason that you choose your broker wisely, it is always worth testing the market from time to time to ensure you’re getting the best cover for your business at the right price http://on.ft.com/2sHLwdT
