News and Articles - Specialist Risk Insurance Solutions

Understanding property rebuild costs to prevent underinsurance

Written by Specialist Risk Insurance Solutions | April 18, 2024

Insuring your commercial property for an incorrect value or setting your limits too low results in underinsurance, which can have serious and often devastating consequences for businesses. Therefore, in the unfortunate event of a claim policies will not operate as intended, delivering less indemnity than needed following a loss. Ultimately, this could put a business’s ability to recover in jeopardy.

Our specialist team have collated a list of useful guides and resources to help you protect your business against the risk of underinsurance:

 

What is underinsurance and how can it affect businesses?

 

Tips to mitigate the risk of underinsurance

 

Benefits of a proactive approach to mitigate the risk of underinsurance

 

What are the consequences of underinsurance?

 

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Click here to contact our team to request a confidential review of your existing insurance programme. This will allow us to quickly identify where we can assist with regards to improved cover and premium savings.