When disaster strikes, having the right level of insurance cover is essential. But, as the economic environment shows more and more signs of stress and strain, the insurance industry must take steps to ensure that businesses don’t underinsure and inadvertently add to their pain if they suffer a loss.
“Given all the changes and uncertainty that businesses have experienced in the last few years, and particularly this year, it would not be unusual for the level of cover to be out of line with their fluctuating needs,” says Nick Hobbs, director, broker markets at Allianz Insurance plc. “On top . . .
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