ADVERTISING FEATURE

IN the current economic climate all businesses are looking to cut their costs – and business owners wouldn’t be human if they didn’t look at how much they were spending on their commercial insurance.

If you haven’t made a claim for years, it can be tempting to look at the monthly direct debit and wonder how you can reduce it.

The answer is that you almost can reduce the cost of your business insurance by cutting back on your cover – but you and your business might pay a very heavy price for it.

As Britain continues to mirror the 'blame and claim' culture of the US, saving a few pounds on your premium now could look very expensive a few months down the line.

We all know the story of the old lady who comes into an office and slips on the wet floor.

As the television ads constantly ask 'Have you been injured in an accident that wasn’t your fault?'

But these days it doesn’t have to be a dramatic accident to give rise to claim – even something as simple as one of your workmen leaving muddy footprints on a customer’s carpet can leave your business liable to paying compensation.

The trouble is, it’s not just public liability that the business owner or director has to worry about.

The whole area of business insurance is becoming ever more complex, and it’s little wonder that many businesses are having to leave the smaller, local insurance broker to speak to real specialists.

You might, for example, operate a fleet of lorries, or a taxi company; you might have five or six vans making deliveries.

Your insurance needs – ranging from public liability to business interruption cover and everything in between – will be complicated, so it makes sense to speak to a company who have a team of specialists in your specific area.

Very often, such specialists will be able to highlight potential pitfalls the business owner hadn’t even considered – and of course, as they’ll deal with all the leading insurance companies in the UK, you may very well achieve your original aim – saving some money on the overall cost of your cover.

In the final analysis, having the right insurance cover might be the difference between staying in business – or facing a potentially catastrophic claim which could spell the end of your business.

This article was presented by www.Staveleyhead.co.uk. For more information, visit their website today.