BEING UNDERINSURED IS LIKE LIGHTING A FUSE UNDER YOUR BUSINESS. TOGETHER, WE CAN STAMP OUT THE CHANCES OF DISASTER.

Your business is too important to risk losing it. So it’s important to ensure you have the right levels of insurance to protect your business in the event of a claim.

Underinsurance remains a hot topic across the UK, indeed the Financial Conduct Authority (FCA) themselves have warned of ‘alarming levels of underinsurance’*. At Towergate we have always offered advice & support to mitigate the risks but in a fast moving world with an ever changing geopolitical and legal environment, alongside a number of other economic, social & technological factors, the need for regular reviews has never been greater.

To offer additional support and to raise further awareness in this area we have put together a short animation, information sheets, and question/answer sets (aligned to three common areas of underinsurance).

Together, we can stamp out the dangers of underinsurance.

*Business Times, Jan 2017

Watch our short video to help you understand some of the common areas of underinsurance

Below are three common areas where underinsurance can be found, please click on the areas listed that are relevant to your business to find out more

Buildings Insurance

Buildings Insurance

Getting the rebuilding value wrong can result in reduced claims payments on partial losses as well as total loss claims. Without the right levels of cover you are also risking long delays in claims settlements which could impact your business severely.

Find out More
Buildings Insurance

Business Interruption Insurance

The costs of getting your business back up and running after a serious interruption could be crippling. The risks relate to both the limit of cover, and also the length of the indemnity period chosen, getting one or both wrong could have a significant impact on your ability to continue trading.

Find out More
Liability Insurance

Liability Insurance

It’s recommended that standard policy limits of liability are reviewed regularly taking into consideration any changes in the legal landscape and taking all potential costs and expenses into consideration when calculating a potential loss.

Find out More
Towergate Insurance Brokers

Towergate Insurance Brokers is a trading name of Towergate Underwriting Group Limited.

Registered in England No. 4043759. Registered Address: 1 Minster Court, Mincing Lane, London EC3R 7AA.
Authorised and regulated by the Financial Conduct Authority.