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Opinion: Smart Leak Tech Means Win-Win for Insurers & Property Managers

In this opinion piece, Michael Wakley, CEO of Leaksafe looks at the many benefits that insurers, brokers and property managers can gain from installing smart water leak detection systems. 

Published by Insurance Edge on 28th October 2019. By-lined to Michael Wakely, CEO of Leaksafe. Client: Leaksafe. 

Construction Companies and Water Damage: Listening to the Insurers

Very few Tier 1 construction companies are installing water leak detection systems at the beginning of new build projects. This may be for cost reasons, or because the construction companies may not feel it’s their responsibility to implement these systems. Yet repairs to damage caused by leaks and bursts during the construction and defects period will cost both time and money. That’s why, logically speaking, leak detection systems should ideally be installed at the beginning of any construction project – not as an afterthought. Michael Wakley elaborates on the fine detail.

Published by Risk UK on 11th October 2019. By-lined to Michael Wakley, CEO of Leaksafe. Client: Leaksafe.

Remote Risk Monitoring: Managing Water Leaks in the Cloud

Michael Wakley, CEO of Leaksafe Solutions Ltd, discusses how Remote Risk Monitoring is aided by cloud technology to prevent water leaks.

Published by Risk-UK on 7th August 2019. Bylined to Michael Wakley, CEO of Leaksafe. 

Why Public Wi-Fi Isn’t Secure Enough

While many of people use Wi-Fi when they are out an about, there is much precautionary advice about using unsecured public Wi-Fi, which could allow a hacker sitting either a few yards away from them, or even miles away to gain access to their laptops, tablets and smartphones to steal passwords and sensitive data. By Michael Wakley, CEO of LeakSafe.

Published by Digitalisation World on 14th June 2019. By-lined to Michael Wakley, CEO of LeakSafe. 

The Insurance ‘Win-Win’: Assessing The Benefits of Water Leak Detection

...figures issued by the Association of British Insurers (ABI) outline that ‘escape of water’-focused insurance claims pertaining to commercial and domestic property are costing insurers no less than £2.5 million every day. Across a four-year period, this equates to a total pay-out that climbed to a staggering £930 million in 2018. According to the ABI, there has also been a “steep increase in the average cost of ‘escape of water’ claims, which now stands at £3,242 across both domestic and commercial [property].” So what’s the answer? Michael Wakley goes in search of a solution.

Published by Risk UK on 12th June 2019. By-lined to Michael Wakley, CEO of LeakSafe. 

 

Combating ‘The Hack Attacks’: Why Public Wi-Fi Isn’t Secure Enough

People often search for Wi-Fi whenever they’re outwith the comfort of their homes and offices, or when they’re travelling for any particular reason. The trouble is that public Wi-Fi is often insecure, and this could allow someone to hack into their laptops, their tablet computers and their smart phones without them knowing what’s going on until it’s too late, writes Michael Wakley.

Published by Risk UK on 17th May 2019. By-lined to Michael Wakley, CEO of Leaksafe. 

 

Why Construction Companies Need to Listen to Insurers

There is increasing interest among insurers in getting contractors as well as developers to buy in to the inclusion of leak detection systems in building projects. Intelligent Insurer reports.

Published by Intelligent Insurer on 16th May 2019. Author: Graham Jarvis. Client: LeakSafe.