5 common mistakes made by start up businesses
Starting a small business of your own can be an incredibly fulfilling move for a keen entrepreneur with a bright idea. But sometimes the bread and butter of running your business can get buried under the responsibilities of navigating tax laws, understanding employment duties and ensuring you are fulfilling all other legal requirements. To […]
Innovative ways that businesses have cut their costs
Cutting costs is never an easy task. Yet sometimes, implementing the smallest changes can add up to substantial long-term savings. Is anyone olive out there? In 1987, American Airlines determined that if they removed a single olive from all of their in-flight salads, they would make an annual saving of around £30,000 each year. […]
Common fire hazards in a retail space
All businesses need to adhere to certain fire safety regulations as set down by law. Whilst you may have filled in all the forms, done all the necessary checks and made reasonable adjustments to your workspace, sometimes it helps to go over the basics. We take a look at some common fire hazards in […]
Why do some SMEs fail? What to do and what to avoid
Longevity and sustainability for a new business are difficult to master. Contrary to popular belief, 30% of new businesses fail within the first two years, according to the Small Business Association (SBA). The SBA goes on to state that 50% of businesses fail in the first 5 years, 66% in the first 10 years, and […]
Could offering health insurance for your employees reduce sick days?
Though technological advancements are changing the way the UK workforce operates, we haven’t been able to hand-off all our grueling manual tasks to robots quite yet. The lowdown Material handling, heavy lifting, driving long distance, guiding tools and even working on a computer keyboard are considered the norm for many workers, all of which can […]
How to handle a breach of data in your organisation
It’s a good idea for businesses to introduce both an internal and external plan of action should a data breach occur within their business. This will mean that your team will be better prepared and will have an increased chance of getting things right the first time. Ultimately, this could serve towards limiting damage to […]
Directors and officers insurance: a business essential
Imagine you have the opportunity to invest £100,000 for your company, with a 70% chance of providing a 20% return within five years. Do you decide to go for it? Now consider whether your decision would be different if you could be held personally liable for making the wrong decision; your home and other assets […]
Let’s talk about the elephant in the room! Free Business Protection Seminar – Thursday 28th June 2018
Did you know the average age to suffer a critical illness such as cancer or a heart attack is 47? Have you put the necessary protection in place to ensure your business would survive without you or another key employee? Firms who lose their owner are 20% more likely to cease trading within the next 10 […]
Is it the law to have business insurance?
Whether you’re setting up your own business or have been running one for a while, the subject of business insurance can be confusing. How do you know what is a legal requirement? Which extra covers are worth your hard-earned money? Is it the law? Whether or not you are legally required to have insurance depends […]
Management Liability Insurance – be clear on your position!
Management Liability may be a little known cover option to some, but it’s important to know what it is, and how it can protect you and your business. Hinks Insurance are here to explain a little more about Management Liability Insurance, so you can decide whether or not you can be without it. The word […]
What does a loss adjuster do?
If you’ve ever wondered about the role of a loss adjuster in the insurance claim process, this useful guide will explain what one does and when you might need one. What is a loss adjuster? Loss adjusters are sent out to the sites of major insurance claims, such as a fire or flood in […]
1 in 7 renters “bend” tenancy rules
Rules are made to be broken, right? That’s certainly implied by 1 in 7 renters, who admit to “bending” the rules of their tenancy agreement. According to research by Direct Line Landlords, 15% of renters have broken a rule outlined in their contract. Failing to pay rent on time, smoking inside and keeping a pet […]