Ensuring the highest standards
of quality and service
Do You Need Insurance?
Many people feel that insurance
is an unwanted but necessary evil. A cost that must be
minimised, without realising the implications that being
under insured can have for your businesses ability to
stay in business.
These examples have been listed here not to scare or shock,
but to show that what you think won't happen, does happen.
Case Study
A manufacturing company
based in Manchester contacted KLF, we assessed their
needs and quoted them for their insurance. They
chose to take on most of the recommendations we
gave, but didn't take up the Business Interruption
Insurance.
Everything went well until the factory burnt down!
As the company had taken out fire insurance the
costs of re-equiping the factory and replacing stock
within it were covered, although the client had
failed to take out Business Interruption Insurance,
the policies recommended by KLF included a small
amount of cover integrated within the general cover.
However, without full Business Interruption insurance
the company faced a struggle to keep working.
Now a hard trading year later the company is in
the new factory, they have reinsured through KLF,
this time with full business interruption insurance.
If you need any advice
about these or any other types of insurance, please don't
hesitate to call.
