Thinking Risk

LDS Insurance is part of the Global Risk Partners Group (GRP), one of the largest independent insurance intermediaries in the UK

Risk news and insights

News November 24, 2020

BIBA Briefing on travel to the European Union following Brexit

With the outcome of Brexit negotiations still uncertain and the deadline for a deal fast approaching, it is important for motorists who intend to travel to Europe after the 1st January to be aware of the potential changes a no deal Brexit will require.

News October 7, 2020

The Road Haulage Association have introduced a major update to their Conditions of Carriage

The recent revision includes a number of changes which provide added protection to hauliers. This article summarises the changes, and outlines why this is important from an insurance perspective.

News September 15, 2020

The insurance market is hardening, bringing increased premiums and tightening of terms. In this difficult environment it is more important than ever to work proactively with your broker.

This article reviews current market conditions, and provides guidance on how to work with your broker to manage the hard market.

News July 6, 2020

Why Covid-19 makes D&O Insurance Vital

The Coronavirus lockdown has created a high risk environment with increased likelihood of legal action against Directors and officers relating to breaches of Health and Safety regulations and employment law.

Vehicle check
News May 14, 2020

Best practice advice on how to lay your vehicles up, store them and then bring them back in to operation

Government guidelines regarding non-essential travel in the COVID-19 pandemic have meant that businesses which use commercial vehicles may need to ‘lay up’ their vehicles.

Laying up helps preserve a fleet while the vehicles aren’t being driven for an extended period. This technique also helps ensure that vehicles can smoothly transition back to normal road use when needed.

The following best practice provides guidance on laying up commercial vehicles, and on how to safely get them back on the road after the lay-up period.

News March 19, 2020

Guidance on COVID-19 business continuity planning for SMEs

As the COVID-19 pandemic changes the way businesses in the UK function, this practical guide provides advice for SMEs on how to best manage the crisis.

News March 17, 2020

Cyber hackers’ phishing campaigns exploit global concern about the Coronavirus

Cyber hackers are taking advantage of the coronavirus outbreak by sending messages to victims, and by using the name of legitimate health organisations to steal information or distribute links to websites designed to steel identification information such as login credentials.

Here’s an example of a phishing email impersonating the World Health Organisation with an attachment that leads to the installation of malware.

 

News February 18, 2020

Cyber crime is overtaking theft as the key financial risk to households: Personal cyber insurance offers effective protection

More than £1 in every £5 is spent online – so it’s not surprising that criminals are following the money. Its not only businesses which are victims, the costs of cyber-crime for private individuals are massive, and growing.

This article provides an overview of the insurance available, and suggests 6 simple measures everyone can take to reduce their cyber risk.

News January 28, 2020

Understanding where and how C.M.R applies is essential to ensure you have the correct Freight Liability insurance

GRP Group Transport and Logistics National Practice Leader Tony Gardiner explains the importance of the C.M.R convention from an insurance perspective, and provides an overview of its main terms.

News January 21, 2020

The next successful “Travelex” attack is just around the corner…

Hackers have held Travelex to ransom since they launched a cyber attack on the business on New Year’s Eve, demanding the firm pay $6m (£4.6m) before they unlock its systems.

This article by GRP Group Cyber Practice Leader Nick Ellis explores the fallout from the attack, and what lessons can be learned from Travelex's experience.