Insuring your buildings and equipment against damage is one thing but it is also vital to consider any potential loss of revenue or profit, should the worst happen.
Choosing the right sum insured
We can discuss your own business plans so that the cover arranged takes account of anticipated growth due as a result of say, launch of a new product.
Choosing the right period of protection
Most policies will pay for lost revenue or profit over a 12 month period following damage. However, a major loss at your premises could mean that you become unable to fulfil orders with a consequent loss of customers. This could prolong the time it takes for you to recover to your pre-loss turnover. It may therefore be best to arrange insurance with a longer period of protection (indemnity period).
We can discuss this with you.
What else should you consider?
We encourage all of our clients to consider the extent of their reliance on the following:
- Utilities such as electricity, IT and telecommunications
- Large customers
- Major suppliers
Want to talk?
If you own or run a business in Bromsgrove, Droitwich Spa, Evesham, Redditch, Worcester or anywhere in the Warwickshire, West Midlands or Worcestershire areas and would like to discuss your business insurance requirements, call us TODAY on 01527 834696 or CLICK HERE. We will be glad to help!