Cyber Liability Claims

Cyber Attack

When you think about cyber attacks, you probably think about the big data breaches. Snapchat. Equifax. The NHS. They might make the headlines, but in reality cyber criminals are targeting small and medium-sized businesses at a rapid clip.

Why? Smaller businesses are seen as easier targets, but they’re also often used as stepping stones to the larger organisations they invariably work with.

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Increase in Cyber Attacks Continues

Cyber Attacks

We’ve spoken about the prevalence of cyber attacks on these pages before. As we become ever more reliant on digital platforms, we leave ourselves more and more susceptible to the possibility of having our data breached.

Whether it’s a hallowed institution like the NHS or a corporate monolith like Snapchat seems to make little difference. The only prerequisite for becoming a target is inadequate protection and preparation.

We build our houses on firm foundations and plan our skyscrapers down to the final millimetre, but there are always flaws. The digital world, a superstructure of infinite proportions, is no different. As hard as we try there will always be a backdoor or an exploit somewhere waiting to be found.

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4 must-know tips from seasoned freelancers

Freelancer Advice

If you’re new to freelancing or contracting and you’re after some advice from seasoned professionals then today’s your lucky day!

We recently took some time to gather a few of the best tips a new freelancer or contractor could possibly wish for.

We spoke to a number of contractors and freelancers who have all been there and done it. Read on for their advice.

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4 things no one tells you about becoming a freelancer

Freelancing Tips

Thinking of taking your career into your own hands? If you’re toying with the idea of becoming a contractor or freelancer, there are a few things that are useful to know before you start. Read on below and see if it’s still the career for you!

You actually don’t need much money to start

To start freelancing you don’t need a whole load of money, but you do need bags of passion and enough time to invest in your new business. Time has to be spent on building yourself a presence and being driven enough to submit proposal after proposal, even when you get knocked back time and time again. Passion certainly conquers all in this game and if you’re doing what you love, it’ll keep you interested and motivated to always do better.

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The Future of Contracting

iContract Kingsbridge

We asked our good friends at iContract to put together a blog post for us on their platform and how it fits in with the future of contracting. Read on below for more!

It was recently reported that by 2020 50% of the UK working population will be self-employed. A quite staggering prediction, but also inspiring knowing that many people in today’s workforce want to enjoy the many benefits that come with working for yourself.

Giving evidence to this statistical claim is the rise of contracting. Contracting is proving to be a popular career choice for many, particularly in the financial and tech sectors. Despite being an industry that has experienced its fair share of headlines this year with changes to IR35, the Government u-turn over National Insurance contributions, and the ongoing Brexit debate, contracting still shows no signs of slowing down. It has been reported that the traditionally slower months of summer are still showing a healthy demand when it comes to hiring contractors this year.

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The Cost of Setting Out

Setting Out

If you’re a setting out engineer it’s more than likely you’ve seen a rise in your insurance premiums recently (or, in some cases, a point-blank refusal from insurers to provide appropriate cover).

Whilst the exact reasons for changes in average premiums are down to each insurer, it’s more than likely that the industry has seen an uptick in claims made against setting out engineers recently. Couple that with the risks that are often associated with such a precise task, and an unfortunate recipe for increased cost is created.

That’s where we come in. You might have seen our price promise already, but it’s worth reiterating. In the event that you find the same policy cover at a lower price with another UK company, we’ll refund the difference. It’s that simple.

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Protecting Your Business From Cyber Attacks

Protecting Your Business

Anyone with half an eye on the news in recent months will have noticed the increased spate of cyber attacks taking place. A recent report from the Association of British Insurers noted that 74% of SMEs are reported to have suffered a security breach in the past 12 months alone.

What does this have to do with me, you might ask? You work for yourself. You don’t have to worry about multinational IT infrastructure. Unfortunately, it’s not that simple.

Individual workers are often the weakest link in the security chain. A recent IBM investigation noted that 95% of cyber security breaches are down to human error. With cyber crime quickly becoming a multifaceted, dynamic and constantly evolving threat to security it’s imperative that you protect yourself.

Most small business owners don’t take cyber security seriously. They think that their business is too small to attract the attention of a hacker. That laissez-faire attitude, however, is exactly the reason why 43% of cyber attacks target small businesses – hackers are aware that most SMEs don’t invest in cyber security. How can you protect your business from attacks? Here are a few of our top tips:

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A Brief History of Cyber Attacks

Cyber Liability

When it comes to cyber attacks, it’s often only the big corporation on the receiving end of the breach that makes the headlines. What people don’t often consider is the long chain of risk that generally allows such attacks to happen in the first place.

Although the entry point for any breach often remains undisclosed, it is generally an individual at ground level who is most fallible. In fact, a recent Verizon study identified that 77% of data breaches involved an insider, whilst a recent IBM investigation noted that 95% of cyber security breaches are down to human error.

That’s why we always recommend that you take out adequate insurance cover if you work in any area that could be digitally vulnerable.

Don’t take our word for it though. Read on below for some examples of the most notorious cyber attacks to happen in the 21st century.

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5 Tax Planning Tips for Contractors and Freelancers

Tax Planning Tips

As a contractor or freelancer, just hearing the word tax can fill you with panic – but there’s really nothing to worry about! We’ve outlined some basic tips for new contractors and freelancers below. They should help you prepare and manage your taxes easily and efficiently.

1. Set up a business bank account

Having a separate business bank account may seem like something that doesn’t really apply to you as a contractor or freelancer – why can’t you just use your current account? Having a business bank account means you can work out what money is coming in for your business and what money you’re spending.

Who has time to trawl through their personal bank account sifting through your supermarket purchases to try and find all business-related transactions? It makes working out your income and expenditure sheets so much easier.

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5 Essential Skills Every Contractor Should Have

5 Essential Skills

Don’t panic if you don’t have all of the skills below yet. These are just a few of the many qualities that help to secure work and deliver the project on time, as well as helping to deliver the best possible results for your clients.

Become a great communicator

You need to be a great communicator when you’re a contractor. Now that you’re wholly and solely responsible for your income you need to step up your confidence level when it comes to communication. If you don’t communicate regularly with your clients they can feel as though they’ve slipped through the net.

Keeping your clients engaged and informed as often as possible means less mistakes get made whilst also ensuring that you’re setting realistic expectations for throughout the project.

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