Cumbria has suffered recently not only with flooding, but severe weather conditions increasing the number of insurance claims being made. We all have insurance policies either for home or business but do we really understand them?
If your business has either suffered from flooding or the recent cold snap, this is your ideal opportunity to find out more about future insurance and how to progress claims.
We only ever seem to need to know more in an emergency, so it is extremely important to regularly review your policy and ensure you are insured to the correct amount and for the right eventualities. Below is a list of things to consider:
1. What to expect from an insurance broker
2. Setting your sum insured and understanding the basis of settlement
3. Business interruption - calculating gross profit and setting an indemnity period
4. Setting your policy excess
5. Understanding policy wording
6. Compulsory insurance and legal responsibilities
7. Proper cover for use of vehicles
8. When to notify a claim
9. How to progress a claim
10. Insuring in Cumbria after the floods
