The risk of underinsurance is often overlooked due to cost-saving, however, it is crucial to understand the significant consequences that underinsurance can have on your business.

Businesses operating in the automotive, technology, manufacturing and property sectors have complex insurance requirements and therefore, taking a proactive approach to underinsurance is vital.

To avoid underinsurance, businesses can take proactive steps to ensure that their insurance coverage adequately reflects their needs and potential risks.

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.

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.