Importance of Insurance
Sometimes the best things in life come with risks – even something as simple as starting your own business or investing in your own home come with risks. Ensuring you are covered if the worst should happen is in your best interest, as insurance is not for the cautious or elite; it is simply a measure taken to prepare for life’s mishaps.
Many consider insurance an expense that they cannot afford, but it should be included in every budget as the cost of not having insurance can be far more substantial.
In the case of a business having insurance, the policy will most often protect it from closing due to a catastrophic loss. This loss could incur from a multitude of reasons - fires, floods, natural disasters etc, and this has been the end of many businesses during modern times. If there is an insurance policy in place, this will not prevent any loss but it will soften the blow as the business will only be closed temporarily rather than permanently, not to mention the personal financial damage business owners would avoid. Insurance is the best defensive measure for financial stability.
The benefits of being insured
Even if you have a lot of savings in a safe place, there can always be some kind of disaster that waiting to drain them. Taking out insurance is not only to benefit yourself and give peace of mind but can help your family and loved ones if you are in an unfortunate position where disaster has struck - leaving you and your family without a home due to no fault of your own. Having an insurance policy in place that covers this situation will mean that you needn’t fear the financial worries that will come with this disaster, and instead focus on making sure your family is coping.
Life insurance is becoming more and more common especially in a time where not everyone can afford to buy a home to leave to their children or family. It is fast becoming more logical to invest money in a life insurance policy and naming them as beneficiaries. This is a great way to set your children up for a solid financial future and provide for any monetary needs that will arise.
If you have any questions about insurance and any policies that you may be interested in, do not hesitate to call a member of our team that will give you honest advice on which policy suits your needs.
- Free no obligation review of your current insurance arrangements
- Dedicated commercial insurance adviser to guide you through the process
- Bespoke insurance cover tailored to your exact requirements
- Competitive premiums from the UK’s leading insurers
- Selection of payment options including monthly instalment facility available upon request
- Member of ‘Brokerbility’ - national broking group of 37 insurance intermediaries - giving us national size and reach but with local and personal service