A guest blog post by Steve Redwood of Harper Dolman & West Insurance Ltd – Insurance brokers in Somerset.
We all work very hard to build our business or personal assets and whilst the expense of paying for Insurance may not be the highlight of everyone’s year, the comfort blanket of having suitable cover does calm the nerves.
If you are unfortunate enough to be the victim of a crime or suffer damage then naturally this is when the benefit of insurance comes in to its own. At this point you don’t want to find out that your Insurer will not pay because you are not complying with the terms of the policy, so take action now to ensure you are protected.
In many cases, especially business policies where business stock is held or for private residents where high values contents are owned, Insurers may insist upon a certain level of security to include window and door locks, safe, alarms and CCTV. The detail of these requirements will be fully disclosed by your Insurer when you accept the quotation and at every renewal. If you use an Insurance Broker they will ensure you are made aware of these requirements.
With regards to Alarms systems and CCTV, the level of security that is required by an Insurer will vary depending on the nature and size of the risk. With regards to fire and security systems, the Insurer will always ask for a system to be supported by an annual maintenance agreement managed by a contractor approved by a governing body such as SSAIB or NSI (National Security Inspectorate). If you have a requirement to have an increased level of security then discuss these requirements with an approved security contractor, such as Zodiac Security, and they will ensure your system meets the requirements set by your Insurer.
If you have not checked your Insurance requirements then you should do this immediately. If you want independent advice on your Insurance requirements then speak to a local independent broker such as ourselves or the BIBA website http://www.biba.org.uk/ConsumerHome.aspx who will assist you in finding your local independent broker.