Since the announcement of the government's lockdown, police and business owners have reported a sharp rise in criminal activity according to the BBC. One unfortunate business owner was burgled the day after they closed their doors. Businesses that moved their operations to remote locations have also been the victims of crime as there has been a surge in the number of cyber-attacks – something that has hit many UK businesses hard as many don't have cyber insurance cover in place.
To help you protect your business at this difficult time, Coversure's team of specialists have put together this guide to how you could protect your business during the Coronavirus crisis. We hope this is of use, but if you'd like some independent insurance advice regarding your business, then please contact your local Coversure office.
The Coronavirus has taken the world by storm. It's forced millions of people to remain at home and thousands of businesses to change their working practises by moving to remote working or simply shutting up shop. If you have been forced to leave premises, here are some easy tips on keeping them secure:
This has suddenly become the new normal for many business owners, and while there's no issue around occupation – some would welcome a little less occupation! – there are other issues to be considered, specifically cyber-crime.
Cyber-attacks have been on the rise in the UK in recent years. According to Beaming, the number of cyber-attacks rose by 179% in 2019 compared to 2018 figures. Small businesses are particularly at risk and the effects of a successful attack can be financially ruinous.
Again, there are some simple steps you can take to reduce the risk of your business becoming one of the 87% of UK small businesses that see a breach each year:
One final line of defence is to take out a cyber insurance policy. This affordable form of cover won't prevent the bad guys getting in, but with cover against everything from ransomware to data recovery it can be a small price to pay for great peace of mind.
Most business insurance policies include a clause that if a property is left vacant for longer than a specified length of time, then it will not be covered unless an unoccupied property insurance option is included.
The length of time that has to pass before its deemed to be unoccupied varies from policy to policy, but it can be as little as 30 days. Since the Coronavirus outbreak and the enforced lockdown, some insurers have extended the vacancy limit to 45 or even 60 days, but it's important that you know where you stand so you can make the appropriate arrangements. If you are in any doubt, then please contact your local Coversure office and they'll be happy to help.
For more independent insurance help or for a great value quote, contact your local Coversure office and they'll be only too happy to help.
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