Tag Archives: underinsurance
The widening gap of property underinsurance
The widening gap of property underinsurance Concerns grow as an increasing number of UK properties are now underinsured. With the gap between property rebuild costs and their sums insured widening at an alarming rate. RebuildCostASSESSMENT.com has complied figures from their annual report on rebuild costs and has concluded, from almost 27,000 rebuild valuations…
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Why Business Interruption is so Important for Coffee Roasters
Why Business Interruption is so Important for Coffee Roasters Coffee roasters, like any other business, need to have plans in place for business continuity in the event of unexpected disruptions or emergencies. Business continuity planning is the process of developing strategies and procedures. it enables a business to continue operating during and after an…
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Modern Methods of Construction
As an insurance broker who provides expert support and advice for businesses in the construction industry, we keep a close eye on MMC, or Modern Methods of Construction. What is insurance for modern construction? MMCs are currently revolutionising the construction industry by providing new ways of building that are faster, cheaper and more sustainable than…
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Why Haulage Firms need a Personal Broker
Haulage insurance is a crucial aspect of any transportation business. It protects business owners from financial losses arising from theft, damage to goods in transit, accidents and other unforeseen events. However, finding the right haulage insurance policy can be a daunting task, especially for those who are new to the industry. This is where a…
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Are you Fully Aware of your Business’s Exposures?
Are you Fully Aware of your Business’s Exposures? Are you a business owner? Then, you need to know the different risks your business may face. These could be things like cyber threats, fire, floods, and other potential losses. These problems could cause financial loss, damage to your property, or even legal troubles. But don't worry,…
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8 Ways to Tackle Underinsurance
8 Ways to Tackle Underinsurance Underinsurance can be devastating, especially when it comes to your business property and its contents, should you ever be in the unfortunate position of having to make a claim. Here are 8 ways to avoid it: Get your property valued regularly The cost of building materials has risen significantly in…
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Ascend Broking Summer Newsletter 2022
Ascend Broking Summer Newsletter 2022 Welcome to our summer newsletter. This month I would like to raise 2 key exposures to your business – underinsurance and your personal negligence exposure. Underinsurance - why inflation can have a major impact on your insurance A not-so-well understood risk is the impact of inflation on insurance and the…
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Rolex and Patek Philippe owners watch for underinsurance
Rolex and Patek Philippe owners watch for underinsurance Some luxury watches have more than tripled in price – even for second-hand watches – meaning that many clients are at risk in the event of a loss of a huge gap between the insured value and the replacement cost. This is called Underinsurance. The economy has…
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Is my jewellery underinsured?
Is my jewellery underinsured? The demand for expensive jewellery such as watches and rings are increasing at a great rate. In some cases, supply can't keep up, causing prices to rise. In the last 10 years some jewellery has seen a higher increase in value than gold. Could this affect your insurances? With the rises…
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How could underinsurance affect your charity?
Could your charity be underinsured? The pandemic and the resultant hit to the economy has forced businesses to look at every cost to make savings and insurance is no exception. A major worry is that vital protection could be sacrificed for relatively small premium savings, making businesses more exposed. Recent research undertaken by Aviva…
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