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FSB offers counter-riot advice to small firms
Insurance Cover: Some policies will provide cover for malicious damage, riot and/or civil commotion. However, all policies are different so your Insurer/Broker should always be your first port of call to check what your insurance covers. Government compensation following civil disturbances is covered by The Riot Compensation Act 2016 (RCA) but, not all instances of damage or loss that occur during a period of civil disturbance will meet the criteria for compensation under the RCA. A brief guide can be found on the Government’s website.
Precautions: If you have a Business Continuity Plan in place, perhaps now is the time to review it. Make sure that entry and access points are secure, including loading bays and car parks.
Risk Check: Look at your safety plans. It goes without saying to make sure that your staff are not exposed to danger. Think about extra security you might need in the event of a major incident.
Business Interruption: Think about how problems could affect your ability to continue trading. Insurance might help if you lose money because you can’t work due to damage or having to close.
Following Damage: Notify your Insurer as quickly as possible. Take reasonable steps to limit damage, for example boarding doors and windows.
Talking to Customers: Keep your customers up to date if there are problems with your services. Clear messages can help keep trust and manage what people expect.
Following Rules: Make sure you follow any new rules or advice from local authorities.
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Rotherham engineering group continues global expansion with acquisition
Rotherham-based engineering and reliability group, AES Engineering Ltd, has further increased its reliability services and product offering in North America by acquiring a controlling stake in the reliability company, Condition Monitoring Services (CMS), for an undisclosed sum.
The group also owns AESSEAL, in Rotherham, the homogeneous designer and manufacturer of mechanical seals. This latest expansion in the global market follows acquisitions in the Netherlands, Canada, Australia and USA. CMS, headquartered in Las Vegas, Nevada focuses on the states of California, Nevada, Arizona, Utah & Colorado with a specialised skill set in the power generation & municipal sectors. The acquisition will allow the existing customers of CMS to benefit from a wider product and service offering from the AES Reliability Group of companies owned by AES Engineering Ltd. CMS President Kirk Cormany said: “The selection of AES Engineering Ltd as our partner was an easy decision due to their product technology, similar dedication to customer service and reliability focus. This partnership allows us to immediately meet the demand from customers for an expanded product range as well as opening new opportunities in other markets.” Chris Rea, Group Managing Director of AES Engineering Ltd, said: “The acquisition of CMS supports our strategic decision to globalise our reliability focused businesses and further strengthens our customer reliability offering in the important North American market.”