August riots puts claims into perspective

Lancaster insurance broker Towergate Insurance has made a call to local businesses to review their current business insurances and to check sums are adequately insured in light of recent riots in the North West.

Managing director of Towergate Insurance North West, Mike Shelley, said: “We would recommend that business owners get in touch with their broker today and ensure that the sums insured by their current policies are adequate and steadfastly in place.

“This will help to avoid disappointment further down the line should a claim be refused or only part settled in the event of insufficient cover.

“In most cases, claims as a result of damage caused by the riots will be covered under a commercial or personal insurance policy under the insured peril of Riot and Civil Commotion.

“It’s imperative that Business Continuity Plans are up to date and stored off site and that stock records are safe, secure and capable of review outside of the building.

“It’s important that your broker is notified of any possible claim as soon as possible after the event. Secure your premises safely and remember that if you are unfortunate enough to suffer a loss, you may be asked to give a statement to the investigating loss adjuster and offer any CCTV evidence to support a claim.”

Mike Shelley
Towergate Insurance