Are you Covered?

Most business owners will have an Insurance Policy in force, which will provide them with cover incase of any eventuality, such as Theft and Riot/Malicious damage, which are common insured events.

It is easy to overlook the more fundamental issues.
Below are some tips for you to have a look at and see if you have the correct cover and if you “ARE” actually covered:

  • Firstly you need to check the date on your policy, a policy that has expired is no good to you.
  • Check the fine detail – The Description on your policy needs to accurately reflect what you do – this is crucial.
  • Check that your day to day running is complying with the terms and conditions of the policy – your insurer provider will no doubt have made certain requirements of you when you took out the policy.
  • Check your numbers – Make sure the sums insured are adequate, as a result of being under-insured could be severe.
  • Loss of earnings – Which occur whilst any damages are being rectified have you thought about this and included it in your policy? If so is it enough?

These are just a few of the things you may want to consider. I suggest you get on the phone to your insurer and run through all the fine details of your policy.

Remember it’s your business, and you do not want to suffer.

By michael | Security Tips