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How far has your excess grown out of control? Do you know what the maximum amount is per item or section of your policy is in the event of a claim? Business owners often underestimate the value of their excess. It is often expressed and perceived as a small percentage. However, when the excess gets deducted from a significant sum insured/limit of indemnity, it can catch business owners by surprise. Ask your broker to do an excess analysis. #InsuranceGarden #TheHumanFaceOfInsurance Indemnity, Pruners, Do You Know What, Percentage, Sum, Excess, Analysis, Surprise, Catch
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How far has your excess grown out of control? Do you know what the maximum amount is per item or section of your policy is in the event of a claim? Business owners often underestimate the value of their excess. It is often expressed and perceived as a small percentage. However, when the excess gets deducted from a significant sum insured/limit of indemnity, it can catch business owners by surprise. Ask your broker to do an excess analysis. #InsuranceGarden #TheHumanFaceOfInsurance

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