UK Theatre Insurance Services

Insurance Tips

Top 10 tips for getting insurance right:

CONSIDER WHICH INSURANCE COVERS YOU NEED
Some organisations purchase insurance they do not actually need, adding cost for no benefit.

REVIEW YOUR INSURANCE COVER REGULARLY
Some organisations renew their insurances without checking levels of cover, limits and sums insured. If you do not do this you may not be adequately covered

IDENTIFY, MANAGE AND REDUCE RISK
Help reduce insurance spend by demonstrating how you manage and reduce risk within your organisation

READ CONTRACTS CLOSELY
Many contracts have requirements relating to insurance and your insurance broker must be able to advise you regarding implications

CHECK VISITING COMPANIES/VENUE HIRERS
Check any third party visiting company or hirer has their Public Liability. Uninsured companies increase the chance of the venue facing a claim for injury or damage

NOTIFY CLAIMS PROMPTLY
Failure to do so could affect your insurer’s ability to respond positively

CHEAPEST IS NOT ALWAYS BEST
Insurance is about peace of mind! The right cover is far better value than low cost insurance that does not pay in the event of a claim

CUSTOMER SERVICE
Ensure your broker has the capacity and competency to respond to your needs quickly and efficiently in an emergency

USE A SPECIALIST INSURANCE BROKER
A specialist should understand your business and talk your language , reducing costs and increasing confidence

DON’T BE AFRAID TO ASK QUESTIONS
It is your broker’s job to ensure you really understand your cover