Business Insurance ? the Frequently Asked Questions
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• business name, contact name and email address
• a few things about your business activities
• previous claims history
• the date you want cover to begin
• bank details
These questions will differ slightly from company to company.
Q. What is an Excess and why do you have to pay it with business insurance?
A. An Excess is the amount you have pay if you make a claim through your business insurance. The amount of Excess you will need to pay is stated in the policy and is a set price; this can be anything from £50 to £1000. The amount of excess you pay is set by the insurer and so it is necessary to check this before committing to a policy.
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Diana Wright –
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