News & Insights

Welcome to your source of useful information and platform for open discussion around the latest issues in the insurance world.

PI Insurance and Defamation

Professional Indemnity (PI) insurance covers individuals or organisations who provide professional services. Sometimes things can go wrong, and can lead to great expense, either for the client or your business. This could lead to claims originating from things such as breaches of professional duty, negligence, or just plain human error. However, when taking out PI insurance, you are not only protecting yourself from claims against like these, but also against the damages that can come from defamation. More > "PI Insurance and Defamation"

Cybercrime: The Rising Risk of Ransomware

Cybercrime is on the rise. The latest trends are seeing ransomware as the most prevalent type of cyberattack. Even if you have an IT team on hand, or use a cloud to store data, you are still just as vulnerable to cybercrime. Both Managed Service Providers (MSPs) and Application Service Providers (ASPs) are experiencing an increase in severe cyberattacks, as are most businesses in the UK. According to Checkpoint, a leading provider of research in cyber threat intelligence, the UK has experienced an 80% increase in ransomware attacks in the past quarter. MSPs and ASPs are a key target as they provide a gateway for hackers to a multitude of businesses and network servers.

More > "Cybercrime: The Rising Risk of Ransomware"

Farewell, Mr. Allwright

Many of our clients and associates will know that Firth & Scott prides itself on being a 100% owned and managed, family business. Sadly, on the 23rd of August, we lost Derek Allwright, who is widely regarded as the ‘founding father’ of Firth & Scott. (Despite being neither Firth or Scott!) More > "Farewell, Mr. Allwright"

Has the way you work changed? Keep your business Cyber secure.

Our way of working has transformed across the nation over the past five months. Irregular working patterns, virtual offices, increased email use, “clouds”, and video conferencing have become the norm. App-based platforms such as the renowned “Zoom” and “Microsoft Teams” alike, host instant messaging services, cloud-sharing of files, and, of course, the video call. The increased popularity of these platforms has resulted in a large number of cyber breach reports. More > "Has the way you work changed? Keep your business Cyber secure."