FAQ: What’s the difference between labour-only and bona-fide subcontractors?

Knowing the difference between labour-only and bona-fide subcontractors can help protect your business from costly and damaging risks, including fines, penalties and large-scale claims. The defining characteristics of labour-only subcontractors are as follows: They work under your supervision and direction They use your materials, kit, equipment and tools They must …

FAQ: What is the Retroactive Date on my Professional Indemnity policy?

Welcome to the first in a new series of FAQs from Pound Gates. Each month we’ll be answering a question we’re frequently asked. Martin Westlake, Relationship Manager at Pound Gates (pictured) answers the question: What is the Retroactive Date on my Professional Indemnity policy? The Retroactive Date on a Professional …

Educate your staff about search engine threats

A recent report from the Office of Cyber-Security and Information Assurance estimates that cyber-crime costs UK businesses more than £21 billion per year. If your company relies on computers to conduct any aspect of your business, you should be aware of how to protect your assets from cyber-crime, including cyber-attacks, …

Combating Cyber-risks in Life Sciences

The life sciences industry encompasses a wide range of businesses involved in the scientific study of living organisms. Such businesses help solve society’s most pressing problems by creating pharmaceuticals, testing medical devices, developing sustainable food sources and much more. But all this crucial, life-saving work – the product of countless …

The overlooked physical exposures of a cyber-attack

More than ever before, organisations are aware of the potential financial impact of a cyber-attack. Many wrongfully assume that the steep, monetary burden of a cyber-attack (exacerbated by new, higher fines under the GDPR) is exclusively tied to damaged digital assets, lost records, and the price of investigating and reporting …

These 3 intangible threats are top culprits of business interruption

Today’s evolving risk landscape contains a wide range of intangible threats – cyber-attacks, broken supply chains and the mental health of your employees, to name a few – that all have the potential to cause noticeable business interruption within your organisation. In fact, recent research found that 20 per cent …

Liability risks for faith-based organisations

Faith-based organisations face several exposures because doors to their facilities often remain open for long periods of time, and people are constantly entering and exiting the premises. To make hazard assessment more complicated, people representing these organisations often congregate in locations other than their main facility. This article looks specifically …