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The LiP guidance is intended for use by portal users. According to lawyers, it is vital that they too have access to it sooner rather than later to understand how claims will be processed.
Keoghs
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Advertising feature: Understanding the benefits of surety bonds
08 Apr 2021
With cash and working capital management at the forefront of all firm’s minds in the current environment, more companies are turning to insurance company-backed bonds and guarantees as a method of enhancing their overall credit facilities and managing their liquidity according to Andrew Evans, head of Liberty Mutual Surety, United Kingdom and Ireland.
Economic uncertainty increases the risk that business partners cannot meet obligations or complete contracts. The result is that more governmental entities and private companies are requiring bonds guarantees and/or letters of credit to support commercial contracts and regulatory obligations.
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In a recent survey of UK financial services companies, 80% of respondents found that their systems were not fully integrated and they had an average of nine different content management systems in
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Insurance Post staff
Did your employer go above and beyond to look after its staff during the Covid-19 lockdowns of 2020/2021? Are the perks you receive out of this world? Take part in our survey to give your employer the recognition it deserves.
Insurance Post’s Best Insurance Employer research returns in 2021, seeking the views of staff in UK broking, managing general agent and insurer firms to find out which organisations really go the extra mile for their people. We will revisit the questions asking what employees rate when it comes to choosing their employer and what value staff see in perks and benefits. We’ll also find out what training and development the sector offers, how staff feel about senior management and if they would recommend their employer to a friend.
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