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?

Is your business at risk of underinsurance?
Your premium is calculated based on your individual circumstances and the amount of cover you choose to take out to protect your business. Underinsurance occurs when you have not taken out the right amount of insurance cover for your needs. What does it mean if I am underinsured? Taking out insufficient insurance cover will essentially…
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Download our underinsurance guide
Underinsurance is a frequently used term in insurance and often associated with ‘Average’ although the two should not be confused. The potential impact of underinsurance in the event of a claim should not be underestimated. The following statistics published by Barrett Corp Harrington for 2007/11 indicate the extent of the problem: • 85% of cases…
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Guide for employees driving in the snow
What simple steps can you take to keep your business, employees and the public safe during severe snow? Download Employee Driving Tips • Steps should be taken to make sure that water pipes don’t freeze – especially outdoor pipes. If any external pipes aren’t used in the winter, their water supply should be switched off…
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Business Interruption – Indemnity Periods
Business interruption provides cover for the loss of profit or loss of revenue following damage or disruption to business premises. This can also include the supply chain that prevents a business from trading normally or prevents trading altogether. Matt Price Broking Director at Ascend Broking Group explains why it is important to understand what an…
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New Year Resolution No. 1 – underinsurance and how it can leave your business seriously exposed
As part of our New Year resolution tips we tackle underinsurance. Many businesses find themselves underinsured at a time of loss and only receive a fraction of the true value of a claim. It is thought that up to 80% of the UK’s commercial properties are underinsured and 40% of businesses underinsure their business interruption…
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Preparing for winter – risk management bulletin
As we head towards winter, it can conjure the spectre of cold and wet weather that at best makes a walk to the shops a misery and at worst can wreak costly havoc on your home. Cold weather can be a challenge for owners of older and larger properties. So what simple steps can you…
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Business Interruption – 40% of policies are underinsured
Inadequate business interruption insurance cover can seriously impact the ability of a business to recover following a loss. However, business interruption is a notoriously difficult area to understand and The Insurance Institute of London estimate that around 40% of policies are underinsured. The problem arises due to misunderstandings of the term ‘gross profit’. The definition…
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