The correct sums insured

Under-insurance can have potentially devastating consequences for a client if discovered at the time of a claim, causing challenges to agree a fair settlement and risking reputational damage to both insurer and broker.

BIBA COMMITMENT

To work with our insurer partners and members to raise awareness about how to avoid the dangers of under-insurance.

“We are delighted to be working with BIBA once again, particularly in providing guidance on market issues. Under-insurance can arise for many unforeseen reasons and building awareness of the causes will not only help the resilience of businesses but will build trust in our sector.”

JOHN WALKER  
AXA Commercial, Executive Managing Director

BIBA has more than 1,800 individually FCA regulated firms registered as members. 

With more than 600,000+ enquiries through our
Find Insurance services in the last year.