The economic fallout of COVID19 has placed cashflow pressure on many businesses. With this, comes cost cutting, and for some, insurance is seen as a non-essential expense. We explain why you should think again before cancelling cover, and how an insurance broker can play an important role in achieving value for money.
COVID-19 forced many businesses to temporarily close, but many also sought to innovate, adapting their business model to survive. However, with a change in business activities comes a shift in business risks. It's essential to tell your insurer about any changes, or you could risk being without cover in a claim.