LifeGroup Life: protecting your people and their families
What employers should know about group life cover and how it supports beneficiaries.
Read article →Most growing businesses own more than they realise: premises, stock, computers, vehicles and tools. Insurance starts with an honest list of what you could not afford to lose.
Start with what you cannot afford to lose
List your premises, stock, equipment and vehicles, and estimate what it would cost to replace each. This simple exercise shows where your biggest exposures are and what value to insure.
Match the cover to the risk
Fire & Special Perils protects buildings and contents against fire and listed perils. Burglary & Housebreaking covers theft involving forced entry. Property & All Risk is broader, covering accidental loss or damage. Electronic Equipment covers computers and similar devices.
Review as you grow
New premises, new equipment and new contracts change your risk. Review your cover at every renewal and whenever the business changes, so that the sums insured and the cover still fit.
Key takeaways
- Begin with a clear list of assets and their replacement value
- Different covers answer different risks; one policy rarely does everything
- Review cover at every renewal and whenever the business changes
This article is general information and not a substitute for advice on your specific circumstances. Policy terms and underwriting apply. Speak to a HAT broker about your needs.
