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2017 Car Insurance Policy | What Will Happen If You Get in an Accident Without Car Insurance
| March 11, 2017
Folgate Insurance Company Limited opened its doors for business in 1877 and during its 140 years of trade wrote some major personal and commercial lines, and occupied offices across the UK.
Article | February 27, 2020
Every business has different dynamics. Thus, it becomes imperative that business owners have sufficient measures to safeguard against any unforeseen risk in the future. Regardless of your business size, there are always certain risks involved. Business insurance proves to be an extremely crucial tool to beat all the troubles which may accidentally arise at unwarranted any time. The business owners might end up paying a hefty amount of the losses.
The insurance industry is powered by vast and growing volumes of data and stands to benefit from eliminating the manual processes and workflows that other industries have already replaced. While the largest insurers can easily afford the new technologies and digital transformations necessary to stay competitive, smaller and mid-size organizations are struggling. If they don’t finish the task of transitioning away from paper-based, manual processes they risk falling behind and losing money.
With the major impact of the COVID-19 outbreak, contractors appreciate the need for insurance coverage even more. You may be safely covered by Force Majeure and pandemic clauses in your policies. However, you may still be wondering how to deal with the associated costs related to the COVID-19 outbreak risks. In this article, let’s look at some of the steps you can take to handle your insurance position during the pandemic.
If there is one thing that we have all learned with the spread of COVID-19, it is that there is virtually no industry that is immune to its impact. The global pandemic is disrupting the daily lives of individuals, the operations of businesses, the activities of governments, and even the approach of cherished institutions like museums, universities, and religious organizations. The P&C insurance industry, like many others, is reeling from the implications of the virus. Amid the rapid changes that are taking place, it is important to assess the impact of COVID-19 on the InsurTech movement. After all, InsurTech has always been touted as the ultimate disruptor of the insurance industry. But, might COVID-19 prove to be a disruptor to InsurTech?
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