News: Stockpiling?

Posted on 18th February 2019

Brexit, Stockpiling and Insurance

At Sutton Winson, we’re hearing that a number of our customers are stockpiling in preparation for potential shortages following Brexit.

 

Is your current sum insured adequate to cover the amount of stock you now hold? It’s important to get it right, as insurance claims payments will be reduced if they’re not. In the worst case scenarios:

  1. You may not be covered if you’ve gone over a level where an insurer would expect additional security or fire protection
  2. Insurers might say you’ve misrepresented the true risk and decline a claim

 

On top of that, for those of us old enough to remember, Green Cards might be back. If you’re planning on driving a UK vehicle in the EU after March 29, you may need to have a Green Card (not to mention an International Driving Permit).

 

Sutton Winson are here to advise on all things insurance and risk management

 

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