Commercial Combined Insurance

One policy can still contain several different cover tests

Commercial combined policies can bring together premises, stock, equipment, liability and interruption sections. Those sections are not interchangeable: each can have its own insured events, limits, excesses and conditions. A loss may engage one section but fall outside another.

Prepare values by location and explain goods held elsewhere, equipment taken off site and seasonal stock peaks. Tell Oak about processes that create fire, heat, dust, chemical or machinery risks, together with the safeguards used to manage them.

For interruption cover, discuss both the financial basis of the sum insured and the time the business could need to recover. Alternative premises, specialist machinery and customer approval processes can affect that recovery period.

Compare the wording, not just the premium

Compare covered events, section limits, average clauses, dependencies and the conditions that apply at each site. 'Combined' does not mean every business risk is included.

For more detail, read Manufacturing insurance: a practical guide for UK makers and engineering firms and Cyber insurance for growing businesses: what the policy is really there to do.