Understanding property rebuild costs to prevent underinsurance

August 1st, 2024 Posted by Updates

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.

The Hamilton Leigh 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?
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Tips to mitigate the risk of underinsurance
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Benefits of a proactive approach to mitigate the risk of underinsurance
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What are the consequences of underinsurance?
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Speak to a specialist

To check you have the appropriate cover in place, contact our team to request a confidential review of your existing insurance programme and/or a property valuation with our recommended partner.

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