Major flooding incidents, such as those seen in Cumbria this winter, have shown what a devastating impact the extreme weather can have on businesses, as well as families and their homes. It is estimated that there are some 260,000 commercial properties which are located in flood risk areas across England and Wales, but you don’t need to be located near a river or the sea to be at risk.
Public Liability Insurance provides cover for costs arising from your legal liability to members of the public in the event that you, or an employee of your business, causes injury to a third party or for damage caused to property owned by a third party.
Business Interruption is one of the most important areas of Insurance cover you need when a major loss occurs, and yet it is often one of the least understood areas of the Insurance policy. Because of its complexity, it is an area which is rarely explained in detail or in a way that is easy to understand.
We are offering practical advice to boat owners to ensure that their boats are put into hibernation for the winter in good condition, thereby making their re-commissioning in the Spring a much more straightforward task, and reducing potential insurance risks.