Business Insurance in Stevenage Hertfordshire

quality and expertise in abundance

“80% of businesses fail within 12 months of making a major insurance claim”.

Most businesses will have the standard insurance covers in place such as Liability, Property, Transit and Motor Fleet. However, it is the quality of advice regarding the optional extras to these standard covers that is often crucial in determining whether a business survives a major claim. Business Interruption or Loss of Profits cover is a particularly complex area that requires a fuller understanding of your business.

Some questions you need to ask yourself are:-

What is the availability of and how quickly could you establish alternative premises?
What is the lead time on replacement of your key plant and machinery?
What would be the effect of one of your key suppliers being put out of action due to an insured event?
What sort of PR budget would you require during an interruption to maintain the ear and loyalty of your key customers?

Are there circumstances where you may need to recall a product or that its simple failure to perform could lead to a major claim?
Your Memorandum and Articles of Association will probably indemnify the directors from personal liability but could the company afford to pay unlimited legal costs?
Machinery and vehicles are replaceable but your key people may not be – have you identified and insured accordingly?

At RHG we don’t just understand insurance, we understand business. We will highlight these and other considerations that might be relevant to your business so that you can make informed decisions.

Only professional, secure insurers
Reduced costs through risk management
Exceptional policy cover
Fleet claims management
Outstanding commitment to service

Call us now on 01438 350222
or email us

Suppliers to medical profession

We were recently appointed as brokers to a company based in Essex who supply product to the medical profession. At our first meeting we discussed the business, its operational procedures, structure, the market place and their particular requirements. We took their existing insurance schedule away to analyse and report.

HSE Focus On Small Businesses by Peter Checketts

Small construction sites require the same tight control over health and safety as larger ones. The Health and Safety Executive has warned that no firm is too small to appear on its radar. Recent court cases have highlighted weaknesses in smaller firms procedures that the HSE are determined to eradicate.

Travel Claims Following The Volcano Eruption in Iceland by Paul Beasley

The British Insurance Brokers’ Association has issued clarification and advice to travellers affected by the cloud of ash from a volcano in Iceland, which has caused major disruption across the UK’s airports.

Business Interruption Insurance Holds Up by Paul Beasley

Recent audits have shown that despite the recession, companies have not automatically cut or reduced their Business Interruption insurance during the current economic downturn. In past recessions, many companies have taken the view that Business Interruption insurance is a luxury that can be foregone but the evidence seems to be that that is no longer the case. Whilst this is clearly good news, there is still a body of evidence that shows the current levels of Business Interruption insurance are largely inadequate.

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