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Your July newsletter!
Welcome to the West Craven Insurance July Newsletter. This month, we provide some helpful advice to keep you updated with the latest industry changes.
In particular, we take a look at:
- Insurance for your summer road trip
- Do you need additional home insurance this summer?
- Could your business be underinsured?
- Find the right insurance for your hospitality business
We hope you enjoy this month's edition!
‘Inexpensive’ ways to protect your home as winter approaches
HEATING your home in the winter is a necessity for most Britons as temperatures are predicted to plummet over the next few weeks. But is your boiler up to it? Here's how to prepare and protect your system and avoid costly repair jobs.
Click here to read ‘Inexpensive’ ways to protect your home as winter approaches.
How workplace safety will evolve this year
Many firms are asking staff to return to work in the office. We are no longer required to self-isolate with Covid and there is no obligation for staff to tell employers if they test positive. So what does this mean for workplace safety in 2022?
Infection prevention
Many employers are experiencing an increased expectation from their workforce to keep staff safe and well. Employers should continue to prioritise infection prevention and control, where possible increasing ventilation, reducing contact between employees and keeping the workplace clean.
Remote working obligations
Now that businesses of all types have adapted to remote working, many have embraced it. Some have even altered recruitment policies to widen the pool of talent and actively recruited people on remote-working contracts.
In the rush to shift to remote working in 2020, a large number of employers may not have taken the time to complete home-based working risk assessments. Now that remote working is here to stay, it is important that risk managers take seriously the health and safety responsibilities of people working at home. From electrical equipment to posture, employers have a legal duty to take appropriate measures to ensure their staff have a safe working environment outside of the workplace.
Mental Health
Employers across the country are placing mental health and wellbeing high up on their agenda, offering training to line managers and appointing roles such as a mental health first aider. In 2021, The Health & Safety Executive’s annual report on workplace health and safety statistics, showed 451,000 people suffering from a new case of work-related stress, depression, or anxiety. That was a 30% year-on-year increase and we expect that figure to rise again.
Some employees will not feel comfortable returning to pre-pandemic working patterns. They may need help managing a phased return to the workplace, along with psychological support around coping with anxious thoughts.
For others, the last two years working from home may have taken a toll on their mental health. Employees working from home are more likely to feel isolated compared to those in a workplace, sometimes resulting in anxiety, depression and a significant lack of motivation. Employers should be reassuring employees that they can ask for help and receive support if they need it.
Disputes linked to safety concerns
Risk managers need to be aware of the potential for unrelated disputes to play out in a workplace safety context. An employee with a grievance about terms of employment, a flexible working request or even a performance-related issue, could latch onto workplace safety as a justification for a certain course of action.
It is more important than ever for risk managers to work in partnership with Human Resources departments as well as individual line managers, ensuring processes are well-documented and paper trail management is scrupulous.
Now is a great time to ensure your insurance policies cover you for all the risks to which you may be exposed. To discuss any aspect of your company’s insurance policy portfolio, get in touch.
Have you sufficiently prepared your car for the spring season?
As the warmer weather sets in, days become longer and the evening skies are brighter, we know spring has arrived.
Throughout the winter, we’re all guilty of neglecting our cars’ needs. After all, spending time out in the cold, snowy weather, checking fluid levels, testing brakes and cleaning from top to bottom is not everyone’s cup of tea.
So, why not treat your car to its very own spring clean this month? Here are three things you can get started with.
Do you need new wipers?
The snow, rain, and icy weather that we encounter throughout the winter can mean that you need new wipers by the time spring arrives. If you notice your windscreen is streaky or still dirty after you have cleaned it, this may be a tell-tale sign that now is the time to invest in some new wipers.
Have you tested your brakes recently?
Signs that show your brakes may be wearing include squeaking or grinding noises when applying pressure to the brake pedal. Brakes can be professionally tested and fixed during a routine service, ensuring you, your family and your car are all safe!
Did you know that leaving your car dirty can cause damage?
With gritted roads and melting ice, your car can get particularly dirty during the winter. Now that spring has arrived, why not get your cleaning products out and make your car look new? Leaving dirt on your car can lead to micro-scratches and rusting paintwork – not something any car owner wants!
Is your car insurance policy up for renewal soon? Our knowledgeable experts are here to ensure you take out a sufficient policy that covers all your needs. Get in touch today to find out more.
How workplace safety will evolve this year
Many firms are asking staff to return to work in the office. We are no longer required to self-isolate with Covid and there is no obligation for staff to tell employers if they test positive. So what does this mean for workplace safety in 2022?
Infection prevention
Many employers are experiencing an increased expectation from their workforce to keep staff safe and well. Employers should continue to prioritise infection prevention and control, where possible increasing ventilation, reducing contact between employees and keeping the workplace clean.
Remote working obligations
Now that businesses of all types have adapted to remote working, many have embraced it. Some have even altered recruitment policies to widen the pool of talent and actively recruited people on remote-working contracts.
In the rush to shift to remote working in 2020, a large number of employers may not have taken the time to complete home-based working risk assessments. Now that remote working is here to stay, it is important that risk managers take seriously the health and safety responsibilities of people working at home. From electrical equipment to posture, employers have a legal duty to take appropriate measures to ensure their staff have a safe working environment outside of the workplace.
Mental Health
Employers across the country are placing mental health and wellbeing high up on their agenda, offering training to line managers and appointing roles such as a mental health first aider. In 2021, The Health & Safety Executive’s annual report on workplace health and safety statistics, showed 451,000 people suffering from a new case of work-related stress, depression, or anxiety. That was a 30% year-on-year increase and we expect that figure to rise again.
Some employees will not feel comfortable returning to pre-pandemic working patterns. They may need help managing a phased return to the workplace, along with psychological support around coping with anxious thoughts.
For others, the last two years working from home may have taken a toll on their mental health. Employees working from home are more likely to feel isolated compared to those in a workplace, sometimes resulting in anxiety, depression and a significant lack of motivation. Employers should be reassuring employees that they can ask for help and receive support if they need it.
Disputes linked to safety concerns
Risk managers need to be aware of the potential for unrelated disputes to play out in a workplace safety context. An employee with a grievance about terms of employment, a flexible working request or even a performance-related issue, could latch onto workplace safety as a justification for a certain course of action.
It is more important than ever for risk managers to work in partnership with Human Resources departments as well as individual line managers, ensuring processes are well-documented and paper trail management is scrupulous.
Now is a great time to ensure your insurance policies cover you for all the risks to which you may be exposed. To discuss any aspect of your company’s insurance policy portfolio, get in touch.
Modern eco-homes: How much could it save you in the future?
The tides are changing for UK homes, and rather than relying on fossil fuels, millennials are transitioning to a more renewable way of living. With the cost of energy soaring to new heights in the midst of a climate crisis, homeowners are becoming more switched-on and opting for better insulation, high-emission boilers, and eco-friendly alternatives.
Since 85% of homes are still heated by carbon-heavy natural gas, the switch to renewable energy is heavily awaited by many. According to the Committee on Climate Change (CCC)*, the UK will not meet its climate change targets unless it eliminates most greenhouse gas emissions from homes, which currently account for around 14% of the UK's emissions.
In an effort to resolve this problem, some people are creating their very own eco-homes. This involves fitting low-carbon technology solutions to properties to make them eco-friendlier and more cost-efficient.
How much can you save with an eco-home?
Giving your home a complete green revamp is no cheap task, but when it comes to installing low-carbon energy-saving appliances around the house, you will eventually make your money back in savings on energy bills and the increased value of your home – while also doing your bit to help the planet.
According to data from TheEcoExperts*, by installing energy efficient appliances such as solar panels, roof insulation and double glazing, homeowners could save £1,863 each year – or £37,260 over 20 years.*
What’s more, using these low-carbon appliances could reduce your carbon footprint by 123.2 tonnes of CO2 over the next 20 years.*
How much can low-carbon technology increase your property’s value?
The next wave of first-time buyers will undoubtedly be seeking out greener houses that cost less to run. Eco-friendly features can increase a property’s Energy Performance Certificate (EPC) rating, and from April 2025, the government will enforce the requirement for all domestic tenancies to reach an energy efficiency rating of ‘C’ as a new minimum.
Alongside this, energy bills are set to continue rising, and the global focus on tackling climate change is likely to strengthen in the upcoming years. These two factors will dictate the impact that high EPC ratings have on house prices in the future.
Which products will save you money in an eco-home?
Solar panels
Solar panels are essential for any eco-home, as not only do they work effectively on their own, but they can also help power other low-carbon appliances such as heat pumps. According to The Energy Saving Trust, the average solar PV system costs around £4,800 and can save on average £530 annually* - that’s roughly £10,600 over 20 years.
Double glazing
Double glazing is becoming a must for most home-hunters, as its money-saving and eco-friendly benefits are ideal for keeping warm over the winter months.
The price will depend on the style and size of the window, as will the material of the frame. According to the Energy Saving Trust, swapping out single-glazed windows for A-rated double-glazed windows could save you £145 per year*.
Roof insulation
It’s widely estimated that a quarter of a home’s heat is lost through its roof; therefore, insulating this part of your property is vital if you want to save on energy bills.
Plus, roof insulation is much cheaper than many other home improvements – it typically costs around £530 for the average three-bedroom house.
Savings will depend on the type of property you live in – whether it’s a detached house, a bungalow, or a flat – but you can expect to save between £150 - £380 a year. This means you could earn your money back in savings within one or two years, and as a bonus, you could cut your carbon footprint by up to 11.6 tonnes of CO2 over 20 years.**
Summary
Eco-homes are still a growing trend, but with today’s fast-changing climate, it’s likely they’ll start to appear more frequently across the UK in the next decade.
If you’re thinking of creating your own eco-home, now is the perfect time to invest. The earlier you can start making lifelong savings and reducing your lifelong carbon footprint, the better. Even just taking green baby steps towards making your home eco-friendlier can make all the difference in the long run – you’ll slash your bills, help the planet, and keep your home cosy and warm over the winter.
To learn more, please contact us.
Energy Saving Trust*
The Eco Experts**
Should you let your car insurance automatically renew?
Letting your car insurance renew automatically may sound like an attractive option as you won’t need to put in any extra work, and you might be happy with the plan you’re on right now. However, this is one of the most expensive mistakes to make, as deciding not to seek out a better deal means your insurer can take advantage of your indifference and subsequently, hike up your premiums.
Without shopping around first, you could be missing out on endlessly cheaper deals on your car insurance, and there are countless other ways to drive that cost down even further. Here are our top tips:
Consider a telematics policy
Telematics car insurance bases your fees on real data about your driving behaviours, which can be recorded either through a black box fitted to the vehicle or a mobile phone app. As long as you’re a safe and careful driver, this is a great option for any age group, as telematics insurance can offer much lower premiums.
Limit your mileage
By limiting the number of miles you drive each year, insurers will see you as a lower risk, which will qualify you for cheaper insurance.
It’s pinnacle that you provide an accurate estimate of your mileage when getting a quote, as your policy becomes invalid if you’re dishonest.
Improve security
Consider installing security devices such as alarms, immobilisers, and locking wheel nuts.
You should always get a quote on how much your insurance would cost after these upgrades first, so you can weigh up whether the cost of these measures is worth the savings.
Increase your voluntary excess
Opt for a higher voluntary excess when you take out your policy, as it will lower the price of your insurance.
However, if you make a claim, you will have to pay the excess towards the cost of repairing or replacing your car, so make sure you are able to afford the excess just in case you do end up having to pay it.
Pay annually
A lump sum may seem daunting but paying monthly is a loan which comes with interest. This is why paying upfront is a substantially cheaper option if you have the funds to do so, and you won’t end up spending anything on borrowing.
Build up your no-claims bonus discount
Insurers reward drivers who are claim-free by discounting their premiums for cheaper insurance. So, keep driving safely and responsibly and you will see the benefits year-on-year.
Park with care
If you have a driveway or a garage, make sure you keep your car parked there overnight.
This will drastically lower your chances of your car being stolen or vandalised, and insurers may lower premiums as you’ll be seen as less of a risk.
Avoid modifications
Modifications of all kinds — whether they’re upgrades to styling, audio, or performance — could result in a large hike in the price of your insurance.
This is because features such as alloy wheels, body kits, and performance upgrades can make your car substantially more attractive to thieves, and your insurer will see your vehicle as a higher risk. Modified cars also tend to be more expensive to repair due to their expensive parts.
To find out more, please contact us.
Over half a million uninsured cars seized since 2018
Around 65,000 cars taken off drivers so far in 2022. More than 129,500 cars seized during 2020 pandemic. “Don’t take the risk” warns AA Insurance MD. More than half a million (542,370) uninsured cars have been seized since 2018 according to information collated by AA Insurance.
A Freedom of Information request to all 46 police forces across the UK discovered that so far this year 64,682 cars have been taken away from drivers for not having insurance. Despite the lockdowns and restricted travel throughout 2020, it saw the most uninsured vehicles seized with more than 129,652 cars taken off the road.
The Metropolitan Police took the most cars off the road with 62,900. West Midlands came second with 44,056 taken away and West Yorkshire completing the top three with 33,829 cars seized. More than 33,000 drivers in Scotland had their cars seized, compared to 22,700 Welsh drivers and 9,360 drivers in Northern Ireland. Kent Police did not respond to the request, while Cheshire Police advised that their systems could not easily determine how many cars had been seized for driving without insurance.
AA Insurance estimates there are approximately one million uninsured drivers on the road each year, however as the cost of living crisis deepens some drivers may be lured into driving without insurance. Gus Park, managing director for AA Insurance Services, said: “Every driver is worried about being involved in a collision, but worse still is the other party being uninsured. “With approximately a million uninsured drivers on the road each year, we believe it is right to protect our members with our Uninsured Driver Promise. This gives peace of mind to our customers should they be involved in a crash with an uninsured driver.
“Sadly, we know that when times are hard some people try to cut their costs, and one area people are tempted to chance it, is cutting out their motor insurance. However, these figures show that forces across the country are on the lookout and will take uninsured car away. “Don’t take the risk. Not only is there the chance of having your car seized, but the criminal and financial hardship is not worth the gamble.”
Should you let your home insurance renew automatically
Renewing your house insurance is essential. Without it, the costs of repairs can run into millions. It’s comforting to know that if somehow you forget to renew your policy; your house insurance will renew automatically. That’s right - you don’t have to do anything, and your home and its possessions will remain insured!
However, the catch is you could end up paying a lot more for the same level of cover by not shopping around. Whatever method you use; comparison sites, direct quotes or you’re married to an insurance broker, the truth is, while it’s not always the case, you will most likely end up paying over the odds.
Here are a few tips when renewing your home insurance:
It’s not always too late to change your mind
If your insurance automatically renews and you know it has cost you more money, remember the cooling-off period of at least 14 days. Sometimes longer, depending on terms, this will give you time before you must pay an expensive cancellation fee.
Shop around
A month before your policy expires shop around. Make good use of comparison websites, you are more than likely to find a better deal.
Haggle
If or when you find a better deal and your policy has not yet expired, ask your current insurance broker if they can match or at least improve on price. You might just be surprised at the answer! This is a proven method of driving down your insurance costs but beware you might not get the desired reduction in price.
Check the details
Always discuss and check the finer details of your policy. For example, your contents insurance policy may not always include bicycles stored in your shed, even if you have a contents insurance policy for your shed, as part of your home insurance policy. Don’t be afraid to ask lots of question of the broker to find out exactly what natural occurring events are insured. Flooding for example may not be covered.
Remember your excess
Check your voluntary excess thoroughly, different items and contents have different levels of excess. Equally, if there are items, for whatever reason, which are less likely to get stolen, damaged or do not hold much value to you, reduce the cost of your policy by paying a higher excess on these items.
Tailor your policy to suit your requirements
Almost anything can be insured so don’t be afraid to get a quote, if it exists chances are you can insure it.
Pay monthly
If you want to spread the cost of your insurance, pay monthly, but you will pay interest. A 0% credit card can give you a little more time to pay without paying what can be a substantially high interest rate.
Pay upfront
It might mean more money leaving your account on the day, but you will not pay interest on spreading the cost and if you find the right deal, you may find there is no need to finance the payments.
Consider multi-cover insurance
Bundling your house and car insurance can be cheaper than using two different brokers. However, it’s not guaranteed. It’s worth noting that if you do take this route just because you make a claim for your vehicle it does not mean an automatic hike in the price of your house insurance.
There are lots of options so set aside some time to examine them thoroughly, it could save you a lot of money.
Have you got the right level of insurance cover for your summer road trip?
There is nothing quite like it. You are all packed, and the car is full of fuel. You have checked the tyre pressure and even had your pride and joy serviced. You start your engine and are about to take the long trip to the Highlands that you have been looking forward to for so long. Wait, have you got the right insurance in place?
Check your vehicle insurance
Maybe you have been lucky enough to buy or borrow a camper. If so, it’s important to check that you have adequate levels of cover. For example, if you are taking the family car on a long road trip, will you still be within your estimated annual mileage? If you are sharing the driving, remember to check that you have the correct level of cover. You might need to add a named driver to your policy, or if they are insured to drive any car, is that at the same level as your fully comprehensive policy?
Personal accident insurance
Whether you are travelling with friends or family, it’s always a good idea to add personal accident insurance to your motoring policy. You could also take out personal accident cover on a separate policy. This means you will be compensated if you suffer an injury that prevents you from working. It’s easy to fall and have an accident, and if you need to provide for loved ones and can’t work, then you know that they will be taken care of.
Breakdown cover
If your car ever decides to break down, you know it will happen while you’re on holiday. And even if something minor happens, like a flat battery or tyre, you don’t want to waste valuable holiday time sorting it yourself when breakdown cover can take care of it all for you. Apart from that, if something more serious happens and you are left stranded miles from anywhere, then breakdown cover is a no-brainer, especially if you have a young family.
Travel insurance
Even if you are taking a staycation this year, you may still need ferry tickets. For example, you may decide to visit one of the many beautiful Scottish islands. Whether you are camping, staying in a hotel, or hiring a cottage, the cost of booking these can be expensive. If you have to return home due to a bereavement or a family member falling ill, then the costs of your accommodation will be compensated. This means that you could rebook your holiday when you have done what you needed to do and enjoy a more stress-free lifestyle without sacrificing your hard-earned holiday.
A quick phone call could save you thousands
It’s easy to become complacent while taking a road trip at home. You may not think you need travel insurance or breakdown cover. Sometimes past experience tells us that it will not happen to you. Perhaps you have had some holidays you would rather forget. Talking to your broker and getting the right insurance for a relatively low cost compared with the thousands it could potentially cost you is always a good idea.
Get a quote for all your insurance needs today.
Is your home insurance up to scratch this summer?
We have all seen them on TV or read about them in the news. Disasters and jaw-dropping events that take us all by surprise. Contemporary home insurance gives you an awesome level of cover. But it’s important to check the details of your policy because there are some things you might be surprised to learn are not covered.
What does home insurance cover?
Protecting your most valuable asset is important, and so many things can go wrong. Home insurance can be divided into two parts.
Buildings insurance
This covers damage to the structure, or bricks and mortar, of your home and permanent fixtures and fittings like your bathroom suite or kitchen.
Contents
This covers the valuable items inside your home, such as clothes, furniture, TV, and jewellery.
Scary summer scenarios
An outdoor fire
You have a barbeque. A few friends come around, and it’s been a glorious summer’s day. Socialising carries on well into the night. One of your guests smokes and accidentally causes some of the garden growth to catch fire. It could be that you will not be able to make a claim unless it is stated in your policy that you or your guests smoked and claims for damage to your garden might not be covered in your policy.
Storm damage
This summer has already seen some contrasting and changeable weather, from blue-sky days to thunderstorms. Typically, storms are covered in your home insurance policy; however, insurers differ in how they define a storm. For example, if the wind speed is too low and is not defined as a storm, you may not be covered.
Summer holiday burglary
It’s the holiday season for many, and when you leave your home, you want to know that if you get burgled, you are covered. Your standard contents insurance policy will cover this. However, it’s important to update your policy if expensive items are added to your household contents.
Accidents while entertaining
Adding accidental damage to your home insurance policy is worth considering. If you are entertaining guests and they spill drinks on the furniture, you could claim. With a standard policy, these kinds of claims may not be covered.
Your bike gets stolen
This summer is here. Your aim is to get fit and enjoy the sunny sights of the season. You treat yourself to a new bike. You decide to store your bike in your lockable shed. But just because your policy covers the contents of your shed, it does not mean the full value of your bike is covered unless you inform your insurer in advance.
Damage caused by pets
Your dog is a bit boisterous at the best of times, and this time he has done his worst by chewing through the hose, which has led to more damage. Most home insurance policies do not cover damage caused by pets. You may need to talk to your broker about specialist pet insurance.
DIY disasters
During the summer, it’s very tempting to get on with a bit of DIY. If you are taking on minor stuff like decorating and you cause damage, then you will be covered. But if your plan is to carry out work that should be undertaken by a qualified tradesperson like an electrician, then you will not be insured.
You can rely on your broker
A good broker will discuss any scenarios that you may be worried about that suit your lifestyle. Finding the right policy for you is important, and talking to an expert will point out aspects of your policy that may need add-ons and tailor a policy to your needs.
Need to renew or improve your home insurance cover? Get a quote today.
Could your business be underinsured?
During these challenging times, it’s easy to overlook the value and security that your business insurance provides. Having the right policies in place and providing accurate and up-to-date information to your insurer could, be vital to preventing costly damage to your business.
What is underinsurance?
Underinsurance occurs when a policyholder insures below the reinstatement or replacement price of the insured asset.
What happens when you claim?
If you make a claim for a damaged asset, such as business premises that had a rebuild value of £1 million, if the rebuild value had been underinsured for £800,000 and £100,000 worth of damage was caused, then the insurance company would pay 80% of that claim. In this case, amounting to £80,000.
Some reasons why underinsurance takes place
Incorrect valuations
If you undervalue an asset due to an inaccurate valuation because whoever valued it did so inaccurately, if you insure it at that value and it is worth more, that asset will be underinsured.
The cost of your insured asset increases in value
With the cost of material energy and transport costs increasing, some machinery or equipment replacement costs will increase. It could be that the demand or supply for your asset has increased significantly, pushing the value or placemat cost upwards.
Your business has grown
If your business is thriving and growing, you will more than likely increase your turnover. Deciding to re-invest in more equipment and stock means that you will need to inform your insurance company of these increases. It could be that your insurance already has ample room for expansion, but it’s always best to check.
Trying to cut costs
During these tough times, it’s easy to become tempted to reduce your level of insurance cover. Choosing not to renew certain policies leaves your business open to more risks, which could destroy it.
How to prevent being underinsured
Here are a few questions to ask when considering whether your business is underinsured or if it has undergone any changes.
- Has your business’s premises undergone any extensions, renovations, or alterations?
- How much stock do you carry, and have you increased the amount of stock?
- Are all valuations of your business’s assets accurate and up-to-date?
- Do you employ more people or changed the roles of your team?
- Have you developed any new products?
- Have you made any changes to your IT systems?
- Have you identified any new threats to your business that could affect your business interruption policy?
- Have you invested in any new or additional equipment?
- Do you offer any additional or new services to your clients or customers?
A good broker can help
Talking to your broker and explaining the potential risks to your business is always a good start to getting the right level of cover. Having access to a vast number of insurers with thousands of products means they will get you the best deal. Whatever your business is going through, whether it is expanding or going through changes, you need specialist cover that could reduce your premium by finding the insurer that best suits your industry.
Browse our website to find the insurance cover that best protects your business.
The right policy for your hospitality business
The hospitality industry is one of the most diverse. Fast-paced, creative, and people-oriented, the scope for unexpected issues that could cost you eye-watering amounts of money is huge.
What kind of hospitality business do you run?
Hospitality businesses are as unique as the people who run them. Whether you run a pub, club, hotel, café, spa, outside catering company, restaurant, bed and breakfast, guest house, or multinational franchise, having the right level of coverage is essential.
Core ingredients of a good hospitality insurance
Public liability
With a huge footfall of people walking through your premises, it’s vital to have this cover in place, which will protect you against claims due to injury or damage.
Product liability
Your hospitality business will undoubtedly serve food and drink, and if one of your customers becomes ill or injured after the consumption of your product, then your business is covered.
Employers liability
This is a legal requirement and protects your business from claims made by your team and any other employees if they become ill, have an accident, or injure themselves while at work.
Buildings, contents, and stock
It’s important to protect arguably your most expensive assets, from your premises to your stock. The cost of replacing or repairing these due to damage or theft can be huge.
Business interruption insurance
If your business is forced to close, your profits will be adversely affected. For example, a flood, fire, or other unforeseen events could mean delays in reopening as repairs or refurbishments are carried out. With this type of insurance, you can claim for losses in profits.
Equipment breakdown
If any of your equipment breaks down, then your business could grind to a halt. From computing systems and kitchen equipment to security. Insuring these could save your business from closure and loss of revenue.
Cyber-insurance
It’s important to protect your online business activities today. Small and large businesses are at risk from dodgy links or emails that could result in hackers damaging your computer systems or gaining sensitive information.
A huge variety of products
There is a vast range of insurance products available on the market, and different insurers have different titles for their products. From restaurant insurance to venue insurance. But the core ingredients remain the same.
You can insure against almost anything
It’s worth remembering that there is very little you can’t insure against. Perhaps you are interested in damage to reputation cover or the loss of your business’s alcohol licence. It could be that, due to circumstances beyond your control, your alcohol licence could potentially be removed. This type of policy covers your legal fees and could prevent you from losing your licence.
Speak to your broker
Your business is unique and, in other ways, will have similar insurance needs to those of others. Therefore, there will be many core ingredients to creating the right policy, but the difference is in the detail. This is why it’s vital to talk to your broker to find a tailored policy that protects all your hard work from going down the drain.
Browse our website to find the right level of cover for your business.
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