Commercial Excess Insurance
Is your commercial insurance policy providing you with the cover you need? Why not supplement it by taking out commercial excess insurance?
Commercial Excess Insurance – Can You Afford Not To?
You’ve spent years building your business, but risks like fire, vandalism and theft could all threaten your livelihood. It would be reassuring to believe your commercial insurance policy covers you against these risks – but how about your excess?
Have you considered what would happen if you had to claim: how you’d pay the excess, and whether doing so would harm your cashflow and undermine your business’ operations?
Companies can be faced with big excesses when taking out commercial insurance policies, and business owners often have no choice but to accept the policy with the lowest premiums – whatever excess that may come with. Commercial excess protection is often the only way to achieve peace of mind.
Commercial Insurance Excess Cover – How the Numbers Stack Up
As a business owner, you may well have a policy with a four-figure excess. Let’s look at how a £1000 excess could shift the costs of an incident where the insurer settles the claim:
Take an act of vandalism, where vandals have caused a total of £1650 damage to a shopfront; in this case, the policy holder would foot the bill for the first £1000, and the insurer would only chip in £650. Clearly, this isn’t an arrangement the average business owner would be happy with.
But excess insurance offers an alternative; in the example above, commercial excess insurance could have provided a supplementary level of protection, by covering the £1000 excess.
Our Commercial Excess Protection Levels
Businesses come in many shapes and sizes, and so do the insurance policies they take out. That’s why we’ve developed an extensive range of commercial excess cover levels, to allow you to choose the perfect amount of excess protection for your business. You can learn exactly what’s covered and find the policy information and legal details on the purchase page, where you can also buy a policy simply by filling out our short and secure application form.
RTR UK Limited is an appointed representative of Your Company Matters Limited, which is authorised by the Financial Conduct Authority (FCA), Ref 591949. RTR UK Limited is registered in England and Wales, Company No 05174365, Registered Address: The Church, Housley Park, Chapeltown, Sheffield, S35 2UE