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Business development = insurance review

Published: 21/02/14

2014 opened with much talk of optimism from business leaders regarding growth and economic recovery for the UK. No business can afford to standstill and whilst for many the last few years have been more concerned with survival, company owners and managers are now looking at growth and development.

Whether this involves investment in existing commercial dealings; stretching the brand to develop related products or completely new enterprises, there is no doubt that the landscape is changing. This is certainly something that Flint has begun to experience within our own dealings with our commercial clients. And what we must say to all those currently dealing with or exploring business expansion is – make sure that your insurance needs and requirements are a key consideration.

As part of your renewal process we obviously review your insurance requirements against any changes that you tell us about, but this is an annual occurrence.

If any of the following happen – you need to tell us:

  • You land a new contract
  • You make a ‘significant’ purchase on equipment, machinery, plant
  • You take on or make an existing employer a partner

Effective risk management is essential for every business scenario and your Flint account manager is always on hand to discuss any developments or indeed provide detailed advice prior to making any decisions.

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