When the unexpected happens, businesses rely on insurance cover to make good their losses and allow them to start working again as soon as possible.

When the unexpected happens, businesses rely on insurance coverage to make good their losses and allow them to start working again as soon as possible.?In the event of a claim having professional insurance, valuation can greatly simplify and streamline the claim process. Even more concerning is that many businesses will have based their insurance cover on the advice of an insurance broker, or relied on the advice of a trusted employee and subsequently have left the business exposed to significant risks

Without a formal valuation, the likelihood is that insured values may be based on incorrect advice and false assumptions which can lead to below major problems:-

• ?The sums insured are incorrect
• Initially, incorrect sums insured are then reviewed annually by staff who often fail to account for the real rise in the cost of reinstatement.
• ?Simply add 5-10 percent to last year’s figures
• Basing increases on real estate conditions
• Asking a bank, builder, architect, or real estate agent for the valuation
• Adopting a book value
• ?Many others

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It is absolutely crucial to have your business and its assets valued correctly, and that means using a professionally trained and qualified valuer at CREST GROUP with extensive experience and a significant track record of more than 250 Man-Years in providing insurance valuations, something that the majority of valuers aren’t experienced with nor qualified to do.