Underinsurance

One of the worst mistakes a firm can make happens before a loss occurs, is to be underinsured. With inflation increasing over the next few years, many small firms may accidentally be in a position where their insurance doesn’t cover the full value that could be lost.  The pandemic has resulted in many businesses operating in ways they didn't expect, and for which they may not have full cover. We examine a key part brokers have in ensuring that companies are adequately insured, for example by reviewing the sum insured both at renewal time and when changes happen to the business.   Discussing underinsurance and its implications, our host - Steph McGovern - is joined by: Helen Bryant, Director, Digital Trading, Allianz Alastair Blundell​, Head of General Insurance, BIBA (British Insurance Brokers' Association) See omnystudio.com/listener for privacy information.