S-Tech news

Carillion collapse leaves suppliers facing ruin

carillion collapse - credit

Updated 15.02.18 “One of the most important and largest business assets for any company will be your debts,” explains Adrian Cooper, Credit Insurance specialist at S-Tech Insurance Services, “However businesses often don’t insure themselves against this risk.” The recent collapse of Carillion is a harsh reminder of how destructive the consequences of insolvency can be. Leaving […]

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S-Tech appoints new director

Shaun Walker and Phil Thorpe

Cambridge-based S-Tech Insurance Services has announced that Phil Thorpe was appointed to its board of directors in December 2017. He brings more than 35 years’ experience in the science and tech sectors with him, further enhancing the leading insurance broker’s service offering. Since qualifying in insurance in 1982, Phil has worked for Eagle Star and […]

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Telegraph 2017

The latest issue of Telegraph magazine is hot off the press and can now be read online. The 2017 edition features interviews, advice and articles focused on issues related to risk management, insurance and financial planning. Potters Resort’s Thea McCormack shares her thoughts on health and safety and risk management; S-Tech’s Martin Taylor explains why professional indemnity insurance is a must-have and […]

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Management liability insurance explained

Management liability insurance

Running a business or non-profit organisation carries heavy responsibilities. You are in a high-profile role with a correspondingly high-level of risk attached. If you make a mistake, even an understandable human error, then you’re likely to come under scrutiny. This could be from public bodies, regulatory organisations, the government, clients, customers, employees or even your […]

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S-Tech invests in tech incubator space

We are pleased to announce the opening of a new office in the eagerly anticipated Bradfield Centre, in order to provide advice and services to start-ups and businesses in the technology-led centre. Based at Cambridge Science Park, the centre – managed by Central Working – aims to build a community of tech start-ups and scale-ups. […]

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What is professional indemnity insurance?  

professional indemnity insurance

  Professional indemnity insurance (PI) can help protect your business if a client claims there’s a problem with the work you’ve done for them. It can cover your costs if you need to pay compensation to correct a mistake or settle a claim, and can also cover your legal defence. You may be an accountant, […]

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What is a loss adjuster?

loss adjuster

If you’ve had to make an insurance claim for a sizeable amount, or if the circumstances of your claim are particularly complicated, you may find yourself dealing with a loss adjuster. These are professional investigators employed by insurance companies to assess claims that are complex, contentious or potentially involve a large pay-out. There’s no need […]

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How does credit insurance work?

In short, credit insurance protects your business against customers failing to pay their bills. It is a form of business-to-business insurance. As such, ‘customers’ refers to other companies that pay you for goods or services. If a company runs into difficulties, it may not be able to pay its bills or might go out of […]

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Discount Rate Changes

In March the rate used to calculate the amount of compensation to be paid to seriously injured individuals changed. But how might these changes affect you? The Discount Rate is part of the calculation to determine the amount of compensation awarded in cases involving serious injury. The rate has not been changed since 2001 but in […]

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