Important Information

Terms of Business & Privacy Notice
Our Terms of Business & Privacy Notice clearly set out the basis upon which we trade. Please read these carefully to ensure that our services are right for you.

‘Summary of Other Covers’ & ‘Top 10 Insurance Tips’
Please review our view our brief ‘Summary of Other Covers’ and ‘Top 10 Insurance Tips’, as these contain some useful advice to assist you in achieving the best cover and value for money.

Payments by Direct Debit Credit Agreement
If choosing to pay by Close Premium Finance Direct Debit Credit Agreement, it is essential that you read and understand our ‘Important Information Notice’.

The Duty of Fair Presentation
The Insurance Act 2015 introduced a number of reforms, including the Duty of Fair Presentation. The Act provides clarity around what information you need to provide to the insurer and whose knowledge needs to be captured when presenting a risk. 

Material Facts and/or Circumstances
Purchasers of commercial insurance have a duty to disclose every material fact or circumstance that they know, or ought to know, about the risk. A material fact or circumstance is something that would influence the judgement of an insurer in deciding whether to insure the risk and on what terms. The duty applies at inception, renewal and throughout the duration of the policy. The information must be disclosed in a clear and accessible manner, after all necessary enquiries have been made and it must be complete and accurate.

Examples of Legislation
Whether running a business or owning a property, there are various laws that need to be complied with. These vary according to the size and structure of an organisation, along with the nature of the business and/or type of premises. 

Construction Materials – Why They Matter for Your Insurance
The materials used in the construction of a property play a critical role in how Insurers assess risk across Buildings, Contents and Business Interruption cover. Providing accurate construction information is essential. Incomplete or incorrect disclosure can affect policy validity and how claims are handled, potentially leading to reduced settlements or claim repudiation, particularly where material facts have not been fully disclosed.

Property Sums Insured – How to Avoid Under Insurance
All too often property owners are aware of the current ‘Market Value’ of their properties. However, this can differ significantly from the actual ‘Rebuild Value’ upon which policy cover is based. 

The Implications of Underinsurance & Average
If your sums insured do not represent the full value at risk, you will not receive the full amount in the event of a claim.

The Ogden Rate or Discount Rate – What Is It?
Following the Ministry of Justice Ogden discount rate reforms, it is important to review the adequacy of cover. Excess of loss quotes can be provided on request.

Business Interruption Insurance
Whilst Property Insurance provides cover for physical loss or damage in the event of an insured peril, the aim of Business Interruption (B.I.) Insurance is to put a business back into the position it would have been in, had a loss not have occurred. 

Downloads Section
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