While many of those things are outside your control, there are ways you can reduce your premium.
The value of your assets
Many areas of our cover have generous, fixed limits. Other areas, however, have variable limits – you need to choose the right level of cover in these areas so that your risks are covered and you aren’t paying for cover you don’t need.
Find out more about setting your level of cover
Reducing your risk
Apart from following the security conditions in your contract (your insurance may not pay out if you don’t…) you can take steps to reduce the risk of having to make a claim.
Buildings, contents and business interruption
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- Fit fire and burglar alarms, keep them well maintained and make it obvious that they are installed
- Keep your electrical equipment well maintained and switch it off at night
- Fit bars and grilles (your policy conditions may demand this)
- Keep your premises and car parks well lit
- Keep your premises in good repair – leaking and burst pipes, for example, are a common cause of flooding, so lag them
- Keep flammable liquids in a separate storage area
- Talk to your crime prevention officer about keeping your premises secure
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Employers’ and public liability
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- Conduct a safety and risk audit
- Have a clear Health and Safety policy
- Service equipment regularly
- Make sure your staff are well trained – for example, in lifting heavy objects and using safety equipment
- Encourage a ‘risk aware’ culture in your company so that everyone is careful about what they do and tries to manage risk
- Make sure your premises are safe for your staff and members of the public, check for sharp edges of fitments, slippery floors or unsafe displays or stacking
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Products liability
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- Implement quality control measures
- Make sure your staff are well trained
- Check out your suppliers to ensure that you are happy with the quality of products they supply
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Computer breakdown
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- Make sure your staff are well trained
- Use surge protectors on your equipment
- Get a maintenance contract
- Take regular backups and store them off site
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Money and assault
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- Only keep small amounts of money on the premises and store in a safe wherever possible
- If you receive payment in cash, bank the takings regularly and ensure the takings are split between employees taking money to the bank (see the cash carrying conditions in our policy for how cash must be carried / accompanied)
- Be particularly careful about ‘negotiable’ money that anyone can steal and cash – use crossed cheques etc wherever possible
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Security conditions
Find out more about security conditions
Important note!
The information on these website pages is for your general information only. Always check the wording in your insurance documents carefully to find out exactly what cover your policy provides, what the limits of the cover are and whether there are any exclusions.
