Data Protection No. Z8832569 C C L No. 645438 Copyright © All rights reserved. Made By Bluecygnet, Mr Tony Law

To insurer or not to insure Is it a question?

If any business owner reading this doesn’t believe that they should check that their cover is adequate and wait until they make a major claim well then they will join the 7 out of 10 who are forced to close down within 2 years of making the claim.

Perhaps the saddest fact of all is that the vast majority of these business failures could have been avoided. They should have remained in business.

You see, all too many companies buy, or rather are sold, insurance cover that in the event of a serious claim proves to be inadequate for their needs. The ability of the business to survive is then severely put to the test.

The reason this happens is simple - All too often businesses judge their cover on the wrong factors, they decide purely on cost rather than value. It is all too tempting to accept the perceived low cost option rather than protecting themselves by ensuring their programme delivers true survival capability. Unfortunately the difference is not apparent to most businesses … Until there is a need to make a claim!

For your own peace of mind

Public liability (80%)

Office contents and computers (66%)

Employers’ liability (66%)

Professional indemnity (59%)

Buildings (58%)

Car, Van & Truck Insurance (52%)

Portable equipment (49%)

Legal expenses (46%)

Business interruption/loss of income (44%)

Consequential loss (30%)

Health (28%)

Product liability (25%)

The most popular business insurances is: