What insurance covers.
WHAT MIGHT BE AVAILABLE
Property and contents Business interruption Public liability Professional indemnity Goods in transit Cyber and data
WHAT INSURANCE DOES
Transfers a financial risk.
WHAT IT DOES NOT DO
Prevent the event Restore your reputation Recover data
WHAT TO ESTABLISH
What is available in your market and at what cost What is actually covered What the exclusions are
THE EXCLUSIONS POINT
Most insurance disputes concern exclusions.
Read the policy, not the summary.
FOR SMALL BUSINESSES
Consider what you could not absorb yourself.
Insure that, and accept smaller risks.
WHAT TO TAKE ADVICE ON
What applies to your business and your obligations.
Speak to a broker or adviser.
WHAT NOT TO DO
Assume a policy covers something without checking Rely on insurance instead of prevention
WHAT TO REVIEW
Annually, and when your business changes.
