What is Business Interruption Insurance?
When new customers come to us they often think that a serious business interruption will not happen to them.
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or call today on +44 (0)1525 719955
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Contractors in construction and maintenance need to ensure they check Ts&Cs along with any exclusions before signing up to new insurance policies. Underinsurance could lead to higher costs in the long run. Rising materials costs and a shortage of affordable, skilled labour are taking their toll. So many construction and maintenance businesses are looking for ways to save money. Although generic policies might be cheaper, they often don’t cover the risks construction and maintenance contractors face in their daily work. ECIC is one of the specialist underwriters used by our Directors and account executives, who have a long track record of supporting clients in the construction and maintenance industries. ECIC released a statement urging contractors to use brokers with industry-specific experience and expertise to help protect against the risk of an insurance claim not being paid and to provide adequate protection in the event of a claim being made against them. Common restrictions in insurance coverage that contractors need to check are: Richard Forrest Smith, CEO of ECIC, said: “While there is specialist cover available online to purchase direct from an insurer, it makes absolute sense to use an insurance broker – they will seek out the cover that’s right for your business and the risks you face. They will ask all the right questions to ensure you buy adequate protection and, most importantly, they will know the claims record for the insurers they work with. “This is one area where contractors should use expert help and find specialist cover; the risks of not doing so can be far-reaching.” Need assistance? We are here to help.
When new customers come to us they often think that a serious business interruption will not happen to them.
Motor insurance predictions are complicated by the future of the relatively new technology in electric cars, while diesel and petrol are being phased out in some countries. Electric cars suit some of our clients, but often aren’t a feasible option for those driving long distances, those working in rural locations or those who need larger vehicles.
Our specialists help clients to set up the appropriate type of insurance, and we also provide a full claims management service. Call us on 01525 719955 or email info@homecountiesinsurance.com and ask for help.REQUEST A CALLBACK
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