You should consult:An independent financial adviser (IFA) for people-related risks and business-planning issues, such as life assurance, protection, health and business continuity. IFAs also deal with pensions and investments - see our guides .
.Always be honestHonesty is essential in all dealings with insurers. You have a duty to tell the absolute truth, in other words to act in utmost good faith. To decide which type of insurance adviser you need you should identify the risks to your business.
Providing incomplete information or withholding something that is relevant can invalidate a claim, contract and policy. Relevant information is a broadly-defined term and if you have any doubt at all regarding the relevance of information you should declare it.Your adviser can assist in deciding the relevance of information submitted to the insurance company.
How premiums are calculatedYour premiums will be calculated based on the information you give and the history of similar business types. Your premiums can be affected by the claims you've previously made and by the levels of risk attached to people in your employment or to your business and assets.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment