Temperature's rising
Increased employers' liability premiums and rising costs of professional indemnity cover mean brokers are feeling the heat. However, sparks will fly if they are tempted to skimp on business protection cover, says Rachel Gordon
They may be experts in advising on risk but most brokers have been faced with premium increases for their own businesses this year. As a result, many have been tempted to under-insure, at a time when adequate business protection is more important than ever.
Graeme Trudgill, technical officer for the British Insurance Brokers' Association, warns brokers that they can never have too much insurance.
He says: "Brokers should carefully examine the levels of their property cover and look at increasing
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