Don’t Crunch your Business

• Our claims department have noticed a significant increase in theft claims. This is due to the current economic climate so be extra vigilant and make sure you have physical security in place. Theft of lead from roofs is becoming more common and a recent claim involved even theft of the scaffolding as well as the interior boiler system and electrical cabling!
  
  
• It’s not a good idea to reduce cover down in view of the economic downturn in order to save money as you will only end up exposing yourself and your business.
  
  
• The insurance average clause could apply in the event of a claim where it has been identified if you are under insured ultimately you could end up losing your business.
  
  
• Do not cut back on health and safety as the risks are always going to be there.
  
  
• Ensure you have the correct stock level sums insured at all times as well as any seasonal increases in stock (worth doing an inventory).
  
  
• If you get alternative quotes check they are on a like-for-like basis as there may be gaps in cover. It is important that you look at not only the price, but also the overall cover.
  
  
• Cheap is not always best!

Where we can help

• As a local broker we are able to offer impartial advice and help. As we have access to the whole market place we could save you money without compromising cover.
  
  
• We always advise to insure for the correct sums insured.
  
  
• We identify provision of other essential covers i.e. Business Interruption, Professional Indemnity and Directors & Officers insurance.

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