Stockpiling for Brexit – check your cover

Many UK businesses are having to stockpile to prepare for potential post-Brexit shortages. Please check that your policy sums insured are adequate as insurers apply a condition called Average to business insurance policies. This means that in the event of a claim if there is under insurance (not insuring for the full value at risk) insurers will reduce the amount of any claim settlement in the same proportion as the sum insured bears to the total value at risk.

Please contact us to discuss further on 01934 522252.

BIBA (British Insurance Brokers Association) Purple Partnership

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Registered Address: Whetcombe Whey, Ropers Lane, Wrington, Somerset, BS40 5NH
Company No. 01158939
Registered in England and Wales

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