free small business advice & information
Main Menu
Hot Links
| Article Index |
|---|
| Insurance |
| Compulsory Cover |
| Optional Cover |
| Home Workers' Insurance |
| Choosing an Insurer |
| How Much Cover? |
| Taking out a Policy |
| Making a Claim |
Page 5 of 8
Insurance
4. Choosing an Insurer
4.1 Disputes in insurance can and do happen. Claims can be paid late, or not in full, or not at all.
- All general insurance companies should be authorised by the Financial Services Authority (FSA). Most are also members of the Association of British Insurers. Check an insurer is authorised by searching the FSA's online register at www.fsa.gov.uk/fsaregister/search.
4.2 Shop around for advice and quotes.
- Insurance brokers' services are usually free. A good broker will search the market to obtain the best deal for you.
- Banks and building societies can offer good value, but may be tied to selling insurance policies from just one company.
- Get at least three quotes, to ensure you are being offered a competitive rate.
- Be wary of cheap deals. Why are they cheap? What is not being insured?
Labels: Small Business Insurance
Monthly Prize Draw!
Win £375 worth of advertising for your business.
Enter our competition by either:
- Signing up to the is4profit Small Business Newsletter or
- Entering your firm's details into the Small Business Directory