Short answer: life happens. With the best planning in the world you will still sometimes have to deal with the unexpected. And when it happens to your livelihood the unexpected can trip a cascade effect and balloon into a disaster scenario.
Ask yourself, what would happen if you had to cease trading for an extended period of time? You would still have overheads and running costs to pay – except that without an income you couldn’t. And that, in a nutshell, is why you need business interruption insurance.
Here are some tips to help ensure a smooth and easy process when undertaking the annual insurance renewal process of your business policies.
The important point is to remember that our role as an insurance broker is to smooth the way for you and to mediate the process of helping you to get all the cover you need at the best value for money.
Aggregators make everything so simple. They ask only a few basic, easy to answer questions and then find the cheapest deal – and those meerkats are so cute! It’s hard to believe they’re market disruptors.
We read about it all the time. A deal goes sour and a business gets hit with accusations of negligence or even misconduct. Damages claims can run into millions but even if they don’t the cost to a company’s professional reputation in lost business can be incalculable.
Cut out the middle man. Sounds like a great idea, right? You stand to save on costs, it should be simple, you can get it done quickly, ensure your particular needs are covered and control the security of your personal information.
Who needs professional indemnity insurance? Easy. Any business that provides professional services or advice. But wait! You’re not a high-flying doctor, lawyer or financial advisor, you’re just a small business – does it really apply to you?
Reputational risk insurance policies are few and far between, but they're essential for companies of all sizes in today's complex, fast-paced world. So why aren't more insurers offering reputational risk as a standalone product?
The internet is awash with bad advice, especially when it comes to business insurance. Everyone and no one is an expert, and it can be hard to find legitimate, useful information that you can rely on.
An insurance broker is your best resource for reliable and up-to-date information about insurance and risk management. But what can you do if your broker is busy and you need information right now? Enter: Quora.