21 September 2022
Underinsurance against the backdrop of rises in inflation
In a time when inflation rises are impacting the price of everything from energy prices to our weekly food shop, the issue of underinsurance takes centre stage.
As the name suggests, underinsurance is when there is inadequate insurance cover to meet your organisation’s requirements. In the event of a claim, the claim amount could exceed the maximum limit that will be paid out by the insurance company and lead to a subsequent financial loss to your business.
Our guide demonstrates what this means in reality. Have a read of it below. If it raises questions or concerns, please speak to your broker.