New Service To Help Holidaymakers With Health Conditions
A new service will be created to help people with pre-existing medical conditions, such as cancer, to find more affordable travel insurance premiums after research by the Financial Conduct Authority (FCA) found that people with such conditions feel poorly served by the travel insurance industry. There are currently 15 million people in the UK living with a long-term health condition and this is expected to rise to 18 million over the next 10 years. People with such conditions can be quoted premiums for hundreds or thousands of pounds by mainstream insurers because of the extra risk associated with their conditions. Some…
Continue ReadingHow Businesses Can Avoid Falling Victim to Phishing Scams
When it comes to phishing scams targeted at businesses, people are often the weakest link in the chain. Phishing scams, which involve hackers tricking unsuspecting users into clicking on malicious URLs or email attachments, are one of the most common types of cyber attack for this very reason. Hackers use phishing scams to steal information, which they can then use to gain unauthorised access to emails or financial accounts. A recent study by OpenVPN found that 25% of employees use the same password for everything, while 23% of employees admit to very frequently clicking on links before verifying they lead to…
Continue ReadingNew partnership to help SMEs tackle cyber-crime
Russell Scanlan has joined forces with Berea, a Leicestershire based cyber security management and training business, to help equip SMEs in the battle against cyber-crime. Local business owners and managers will gain access to training and resources to help identify and mitigate the risks of cyber-crime. According to a survey by KPMG 60 per cent of small businesses surveyed had experienced a cyber breach which also resulted in loss of clients and the ability to win new business. Andy Jenkins, at Russell Scanlan, said: “Cyber-crime is a modern day plague. The threat hangs over every business large and small which is…
Continue ReadingInsurance Premium Tax Hike
Andy Jenkins, Operations Director at Russell Scanlan, has been taking a look at the industry’s response to the Chancellors announcement that Insurance Premium Tax is facing a significant rise (from 6% to 9.5% from November) and what that will mean to businesses and individuals. It would be fair to say that announcement came as a huge shock to the insurance industry. It was definitely unexpected, most certainly unwanted and the full impact of this decision has yet to be fully contemplated. But the calculators have been out and the cynics amongst us were quick to count the additional £1.75bn a year…
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