Are you underinsured?
According to Building Cost Information Service, 40% of businesses do not have enough business interruption cover to get them back on their feet. So have you worked out what you need to be insured against, how long you really need your cover to last for and exactly how much cover you think you will need to actually recover – or are you under-insured?? If you aren’t sure, read this guide from the British Insurance Broker’s Association’s for small and medium sized businesses on how to avoid under-insurance.
This 12 page guide provides a range of practical tips and sign posting on how to calculate what level of cover you actually need and summarises your obligations in relation to insurance. Once you have had a read and considered your insurance requirements, give us a call at Property Insurance Centre so that we can talk you through everything in more detail and our expert advisors can make sure that you get the right level of insurance to suit your needs and aren’t caught out when you need your policy the most.
We found this document released by BIBA that explains more on the subject click here.