INSURANCE SHOULD MAKE YOU SMILE

No one looks forward to their insurance renewal notice in the same way no one looks forward to the reminder from the dentist. But just as you have our teeth checked, you should have our insurance checked. It is all too easy to renew without considering whether the cover you have is the cover you need.

So, ask yourself. Has your turnover changed? Have you got many more staff? Have you bought new equipment?

The more information you give the insurance company the better protected you will be.

But, which of us can genuinely say we read every word of our policy? We assume that we have the cover we ask for. We assume business interruption covers all interruption, but now it seems that may not be the case.

Currently some insurers are finding themselves in a tricky spot, particularly within the hospitality sector and the courts are being asked to decide how to interpret conditions and clauses.

Insurance companies need to insure or they won’t exist; but we are learning that the old guard aren’t guarding us as much as we thought.

Some people have said that they simply won’t bother to buy insurance in the future as the current dispute has left a sour taste, but that decision could have serious consequences for them, their employees and customers.

You can always find the insurance that you need, so don’t press that renew button as quickly next time.

Think about the options; go direct to the insurance company rather than through a comparison site or the broker you have always used.

Shop about – get recommendations.

Read the policy – ask every question that occurs to you. Don’t leave it to the day before your current policy expires to renew.

There are so many examples of how we now do and buy things that no one could have ever imagined. There is no reason why insurance should not be better, clearer, easier to understand and more effective for you.

New products and new technology are providing new ways of buying insurance and while

you should not ignore the reminder notice, new options are now available.

Buying insurance, just like that visit to the dentist, should leave you with a lovely white smile on your face

Paul Jeffries is the Founder of Rerusni.