Are your business insurances keeping up with your business?

Is your business insurance still keeping up with your business?

Businesses change throughout the year. Turnover grows, employees join, new contracts are won, equipment is purchased, services evolve and new risks emerge.

Yet when insurance renewal arrives, it can be easy to simply update last year's figures and move on.

The Velar Advisory SME Insurance Pre-Renewal Self-Assessment Toolkit is designed to help UK business owners carry out their own structured review before meeting with their insurance broker.

In around 30 to 45 minutes, the toolkit will guide you through some of the key areas of a typical commercial insurance programme and help you identify what has changed, what you understand and, importantly, what you may want to question.

Inside the 17 page toolkit you'll work through:

• Changes to your business since your last renewal
• Your current insurance covers and limits
• Property and asset values
• Business Interruption
• Employers', Public and Products Liability
• Professional Indemnity
• Cyber risks
• Management Liability
• Motor, Goods in Transit and equipment exposures
• Claims and incidents
• Important policy conditions and exclusions
• Your own Green, Amber and Red renewal assessment
• Your priority actions before renewal
• Questions to take directly into your broker meeting

What you'll have when you're finished

Rather than simply reading another insurance guide, you'll finish with a practical Pre-Renewal Action Report.

You'll have identified the areas you're comfortable with, the areas that need clarification and the questions you want answered before making decisions about your next insurance programme.

This isn't designed to replace your insurance broker.

It's designed to help you have a better, more informed conversation with them.

Who is it for?

Designed primarily for UK small and medium-sized businesses purchasing commercial insurance, particularly business owners, directors, finance managers and anyone responsible for arranging or overseeing the company's insurance.

Digital PDF download | Complete at your own pace | Approx. 30 to 45 minutes

Want a more detailed review?

The toolkit is deliberately designed as a self-assessment.

If completing it identifies areas you'd like someone else to examine more closely, Velar Advisory also offers a more detailed Insurance Review, providing a second pair of eyes over the insurance information and documentation you provide.

Important: This toolkit provides general information and is intended to help businesses prepare for discussions regarding their insurance arrangements. It does not constitute insurance advice or a personal recommendation and should not be relied upon as confirmation that any particular policy, limit, sum insured or type of cover is suitable or adequate.