You probably don’t work in the insurance industry and reading up about insurance is probably not at the top of your priorities. However, spending a few minutes to get an idea of how UK insurers are performing in regards to the claims service they provide, could end up being crucial to you and your Restaurant. Did you know that the UK Claims Excellence Awards recently took place? As well as the well known insurers being recognised, there were a few smaller companies recognised too. As a brief summary:
- Sterling picked up the Outstanding Insurer Claims Team of the Year
- RSA collected two awards for Claims Technology Initiative of the Year and Insurer Customer Care Initiative of the Year
- Zurich won the Fraud Prevention Initiative of the Year. A full list of the winners can be found on the Insurance Times website.
So what does this have to do with your Restaurant? Potentially it could have a great deal of influence on the success of your restaurant business. How much consideration do you normally give when you are thinking about which insurer to select? If you tend to go for the cheapest or quickest way to set up your insurer, it could cause problems further down the line when or if you need to make a claim.
Making a claim can be a very unsettling time, for example you may have to close your restaurant for a long period of time if there is extensive damage caused to it. In such circumstances, it will pay to have spent a bit more time looking at the options available and checking how reputable the company is. You want to know that your company will be helpful and understanding when you speak to them and will do their utmost to help get your business up and running as quickly as possible.
You will also want to be with a company that works with excellent suppliers so if they need to arrange replacement building materials or contents then it will be of a high standard. Claims Excellence is not just about who is Top Dog in the industry; it also gives business owners an insight into how well their potential claims will be dealt with. Don’t risk your restaurant’s future on a hastily set up insurance policy, do a bit of homework first and you can rest assured that you will be in good hands.