LATE & NON-REPORTING OF CLAIMS
No one wants to make a claim on their insurance if they can avoid it as the likely affect is that this will result in increased premiums. However, it is important you report any incident or occurrence likely to give rise to an entitlement to be indemnified under your policy, as soon as possible even if you have no loss or damage to claim yourself, but which could result in a claim being made against you at some later date, regardless of who you consider was at fault or the likelihood a claim will be made against you – as failure to do so may result in your insurer denying cover.
Understanding Your Policy Cover
There may be hidden restrictions and conditions that leave you out of pocket!Well, we say ‘hidden’ but when you have received your insurance documents, all is there to be seen, although you may have to go looking for it. So in the event of a claim, it would be too...
Medical Conditions Drivers Must Declare to the DVLA
Motor Vehicle Drivers and Medical Conditionswhich you need to declare to the DVLA There are medical conditions that can impact your ability to drive safely. In most cases you'll need to declare any serious conditions to the DVLA and your insurer. If you do not declare...
RIOT – damage to your property… Are you covered?
Yes, standard insurance policies under their ‘Defined Categories’ include damage caused by riot or civil commotion.Claims must be notified within 7 days of the damage being caused This is a condition of many policies, and failure to do so may result in cover being...
Material Changes
Has something changed?You may be buying a new motor vehicle or having an extension built on your property, exciting times, but spare a thought for your insurance policies. You have a duty to act with utmost good faith towards your insurer and must disclose all...
Who are “YOU the Policyholder” … Getting it right.
It is vitally important you and your business interests to be insured are noted correctly on your insurance policy when issued. Example of an insurers policy definition of You/Your/The Policyholder… “The person, persons, company, companies, partnership, partnerships...
Business Interruption – Overview of Available Covers & Definitions
Business Interruption insurance (BI) is a complex subject. Depending on the type of your business, generally speaking, BI cover should reflect your anticipated ‘gross revenue or gross profit’ during the selected indemnity period.The main cover types are:Indemnity...
DIRECTORS & OFFICERS INSURANCE & EMPLOYMENT PRACTICES LIABILITY INSURANCE
Legal defence costs, and in certain circumstances civil fines, and penalties imposed by an official body, resulting from claims made against individuals (not the company as a whole) for alleged Wrongful Acts carried out in their capacity as a director or officer of your company.
FALLING FOUL OF THE INSURERS CLAIMS TRAP
For several years we have seen a hardening of the insurance market, and this is true also of their attitude towards the claims they deal with. Insurers will jump at the chance of being able to decline a claim given the opportunity and so it is important to ensure you understand your insurance policy cover and that the information on which this is provided is correct and kept up to date to help reduce this risk.
WHY DOES IT TAKE SO LONG TO HAVE MY CAR REPAIRED AND WHY DOES IT COST SO MUCH?
The car repair industry has been facing significant challenges over the past few years, resulting in slow and expensive repairs. New vehicle sales have dropped by 28.7% on pre-pandemic levels in 2021, and the ongoing global semiconductor shortage and war in Ukraine have only added to the problem.