What is underinsurance?

In simple terms, underinsurance is when you/ your business holds an insurance policy that is inadequate in the event of a potential claim. This could mean that company assets are valued and insured at less than their true value, the limit of indemnity is too low, or the maximum...

Due to the sensitive nature of the sums divulged and the sheer importance of a companies’ insurance cover, the task of managing renewals often falls with the business owner or senior manager even if you have a procurement or facilities team in place. However, for many, carrying out a detailed...