Once your insurance needs are assessed, you need to arrange your insurance cover. This can be done directly with an insurance company or through a broker or agent. The choice is yours, but consider choosing insurance companies and brokers that are locally represented. This enhances personal contact and speedy settlement of claims.
Here are the key points to remember when assessing your insurance needs:
- There are several important principles when choosing an insurance policy.
- It pays to read the small print on insurance proposal forms.
- One of the most important types of business insurance for anyone involved in a business is public liability insurance.
- What other insurances you take out will depend on your assessment of the risk against the cost.
- Insurance does not change the law or reduce your fault – it simply shifts the onus of paying for any liability from you to the insurer.
- Always consult an expert in the field to help you determine and obtain the covers you require.
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