Posts in Insurance
Be proactive and avoid the underinsurance trap

There are many reasons a business may be underinsured; costly premiums, lack of awareness of risk assessment, poor understanding of insurance policies, or failing to update policies as the business grows or acquires new assets. The problem lies when things go wrong and an underinsured business needs to make a claim, their policies won’t provide adequate cover for the loss, and business owners are left to pick up the pieces. Don’t let this happen to your business!

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