It’s now a fact of life that when it comes to claims a lot of insurers look to decline first rather than pay the claim. Economic reality has brought this to the fore and it’s becoming quite unpleasant. The process insurers deploy (or the loss adjuster) is to look into the truthfulness of the general … Read More
Author: Jason Titan Insurance
What’s the difference between Contract Works Insurance and Contractors All Risks Insurance ?
The insurance industry loves jargon and to over complicate things which many times causes confusion to buyers of construction insurance. Let’s briefly try and simplify it… Contract Works Insurance covers the project for fire and perils from the start date (of the project) to its completion or handover eg., a New Build House. So for … Read More
Beware of Underinsurance ! It can come back and bite You !
The insurance industry (and us) continually hark on to our clients being insured correctly and not to underinsure. A lot of people on the other hand want to save money by reducing, or not disclosing, the correct Sum Insured for their property. Unfortunately, we have a recent real life example whereby one of our clients … Read More
“We are only Human after all…”
For many insurance companies are heartless, money grabbing entities that avoid paying claims… that’s an extreme perspective but one held by some for one reason or another. Once in a while there is a heartwarming story that makes one feel good because the right thing was done. Take our client an elderly gentleman who has … Read More
What else should Building Contractors consider with their Insurance ?
Most Building Contractors would have the basic range of insurance covers those being Public Liability, Employers Liability and Contract Works. But from our experience, and especially the smaller Building Contractors, the two usual areas of insurance cover that are neglected are: Warranty Insurance (also known as Latent Defects Insurance) Insurance Backed Guarantee (IBG or Workmanship … Read More
3 Simple Tips to Remember when Buying Commercial Property Insurance
Although it’s an easy purchase, some budget policies, especially online, do not give you the full cover that you should be protected for. It is done for the purpose of making them cheap. And that’s when you could find yourself out of pocket just for a few £££’s. So here are 3 Points you should … Read More
Here’s what NOT to do with Liability Insurance
What I’m going to describe below is a real life situation of what you should not do when you have bought your Liability Insurance. You purchase your Liability Insurance policy and you think it’s all sorted… But have you had a look at your insurance policy requirements? If not, you could be in trouble. The … Read More
3 Key Points to Remember when Buying Pub Insurance
Pub Insurance prices vary according to many factors such as size of pub, turnover, location, years trading and other such factors. However, there are 3 other key components that can really influence the price to be paid by the pub owner. These are: Licensing hours of the pub and how many extensions they have during … Read More
8 Do’s and Don’ts For Trouble Free Liability Insurance
This is not an exhaustive list but if you heed these you’ll have less chance of your claim being rejected: DO answer all the questions fully and correctly – this simple error could be costly DON’T misrepresent your Business Trade DO declare any claims (or incidences) you’ve had in the last 5 years DON’T forget … Read More
Keep in Mind When Buying Liability Insurance
Simple Liability Insurance is easy to buy and especially so online. However, you need to be aware of a classic pitfall a lot of people fall into and get into trouble and not having their claim paid. Online, in the trade description dropdown, if the exact trade does not exist most people might find an … Read More
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