Understanding what is covered
Business owners should be aware of what is covered in each of the policies that insurance companies offer and what is excluded. By talking to a Broker they will be able to explain what the benefits of each policy are and why you should consider investing in each one. Brokers can provide advice tailored to your business needs.
Many policies will detail the arrangements between the insured and insurer and will include information regarding:
- What is insured
- The conditions under which a claim may be made
- The cost of insurance policy
- The terms of payment if a claim was honoured