You wouldn’t want to hear that your insurance won’t be enough to cover a claim. Businesses across the UK that are already struggling, thanks to surging inflation and its knock-on effect on the cost of living, may not be able to survive the consequences of being underinsured.
Our insurance advisors regularly speak about this issue with clients, highlighting that many businesses across the country are likely to be seriously under protected in the event of a claim for damage. In the vast majority of these cases, this is due to underinsurance which means that when a claim is made, the pay-out for the damage can be severely reduced.
To understand the possible outcomes of Underinsurance read:
- Underinsurance claims scenario: Business Interruption
- Underinsurance. What does it mean for your business?
If you think your business might be underinsured, talk to a Darwin Clayton expert today, please call on 01892 511 144 or email email@example.com