Businesses could be hit by higher employers' liability premiums if risk management commitments are not met, warned the ABI.
The move follows a 25% rise in commercial property insurance claims for theft with losses of £199m in 2002 compared to £159m in 2001.
Average claims have risen 35% with individual companies claiming £2,240 in 2002 compared to £1,660 in 2001.
Domestic theft remains largely unchanged, rising by just 1% from £573m in 2002 compared to £568m in 2001.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
