The Irish economy has undergone fundamental change as a result of the financial crisis.
Every business owner or manager must now take time to critically examine their position and prepare for a return to economic growth in the next 12 to 18 months.
It is time to steady the ship.
All areas must be examined and maximised in a time when every cent counts.
One critical component of every business is insurance cover and value at risk. If you can be confident that your Sums Insured are correct and fully cover you in the event of any loss you are in the minority. It is recommended that every business should carry out a value at risk survey every 5 years.
A value at risk survey will give business owners the correct values to insure and eliminate any shortfalls in claim settlement due to underinsurance.
Think about it: if your business suffers a fire, and your premises, machinery and stock is underinsured, your insurance company will apply ‘average’ to the settlement per policy condition. This means you will only get an amount paid out that is proportionate to the amount you are insured for.
Murphy O’Sullivan Claim Specialists Ltd. would be happy to assist you in any way possible in relation to the adequacy of your sum insured ranging from Domestic Properties to Commercial Properties and Agricultural Buildings.