The impact of being underinsured can be huge on any business. If you are unsure whether you have the right cover, call Covered Insurance 0845 862 2727
Those headline figures are enough to make you wince, and with claims being scrutinised more than ever before, can your business afford to be underinsured?
The impact of underinsurance cannot be overlooked. Any business, large or small needs to be able to bounce back quickly following a major loss! However, even if sums insured are only 80% of what they should be, insurers can apply that percentage to any claim. The ‘application of average’ can see underinsured businesses face a significant reduction in their insurance payout and leave them with an unexpected and sizeable bill.
Too often, price is a focal point of the policy. Failing to review your policy correctly to keep the premium down is a false economy.
We understand that getting the right sums insured is often difficult and time consuming and the values in question can change rapidly. At Covered, we work closely with our clients to make sure risks are correctly assessed and valuations are up to date, providing you with peace of mind, leaving you concentrate on running your business!
Contact us now 0845 862 2727 or email firstname.lastname@example.org