DO YOU OFFER FREE CONSULTATIONS TO NEW CUSTOMERS?

Yes absolutely.  We will carry out a free fact find meeting by any method you prefer. 

This will allow us to find out more about you and what you do. This helps us work out what insurance products will best suit your needs.

DO WE NEED TO PAY FOR OUR INSURANCE COVER UPFRONT BEFORE THE COVER STARTS?

You can if you want, but you can pay by direct debit on a monthly basis, too, if you like. If you would like to consider direct debit we will give you a formal quote for this outlining monthly repayment costs and the savings you’ll make in corporation tax.

OUR BUSINESS HAS CYBER COVER. WILL THAT COVER EVERYONE WITHIN THE BUSINESS; DIRECTORS, EMPLOYEES, AND SUBCONTRACTORS, TOO?

Yes! Excluding deliberate acts plus each insurer will have their own terms and conditions that should be reviewed but on the whole, this is covered.

HOW DO I KNOW WHAT VALUE TO INSURE MY BUILDINGS FOR?

This is a common question and a common area for people to go wrong.  The figure used should not be the buildings market value (how much you can sell it for) but how much it would cost to rebuild if there was a total loss.  The insurers will then usually add on cover for debris removal (clearing the site) and professional fees e.g. architects, surveyors, etc.  Each insurers wording can be slightly different with what is included within your buildings sum insured and its important this is reviewed.

 We recommend having your building surveyed every 3-5 years to make sure the sum insured remains up to date.  We can help you with this.

HOW DO I MAKE SURE I’M NOT OVER-INSURED?

This is key, there is no point paying a premium for cover that you do not need.

​During the review and quoting process we will review your insurance needs.  We will then provide you with options on varying levels of cover. 

We will discuss our recommendations with you so that you are clear on what insurance you are buying.

HOW DOES EMPLOYMENT PRACTICE LIABILITY COVER DIFFER FROM EMPLOYERS LIABILITY COVER?

Employment Practices Liability is all around employees’ rights under contract such as unfair dismissal, harassment etc.  The Employer’s Liability cover is there for injury where the employee holds you responsible, for example, you’ve not created a safe place of work (physical injury and mental injury).

WHY DO I NEED TO BUY INSURANCE?

There are certain covers that you need by law, the most common being Employers Liability Insurance and Motor Insurance.

You may need certain covers to meet tender requirements or to comply with contracts. It might also be a requirement by your professional body.

All other covers is taken out for peace of mind.  You are paying an insurance premium to transfer the risk of something going wrong.  

AS A DIRECTOR OF A COMPANY, DOES MY PROFESSIONAL INDEMNITY COVER ONLY ME, OR DOES IT INCLUDE OUR EMPLOYEES AND SUBCONTRACTORS, TOO?

Your Professional Indemnity covers you, and your employees, although we would expect subcontractors to have their own insurance in place. If they were responsible for a loss, your insurer would settle the claim with the claimant and then look to pursue the subcontractor to cover their costs. As the situation changes within your business, we’re always on hand and can guide you to ensure that you’re covered for every situation.

WHEN OUR POLICIES ARE DUE TO EXPIRE, IS THIS SOMETHING THAT YOU TRACK AND REMIND US ABOUT?

Yes, as a Squared client you will notice that we are in touch through the year to make sure the policies remain up to date. We will then be in touch with you well before your policy is due for renewal.

GOT ANY OTHER QUESTION?

Get in touch and we’ll be happy to answer all your questions.