Advertisement

Hiscox business insurance advises firms prepare for extreme weather

Hiscox business insurance advises firms prepare for extreme weather
Date of Publication: Friday, 12 November 2010 16:11

Hiscox is urging homeowners to take several practical steps in order to help safeguard their homes before winter kicks in, as an outlook of heavy wind, rain and potential flooding arrives.

Severe weather warnings have been released throughout the UK by the Met office this week, including strong gale winds reaching speeds of up to 90mph.

Hiscox business insurance has also warned firms to be vigilant and ensure they have taken out sufficient cover to protect their businesses.

Hiscox home insurance expert Austyn Tusler said that homes could suffer serious damage as  result of heavy rain, but added that homeowners could prepare themselves to help minimise the impact of extreme weather.

The insurer advises home-owners to move as much furniture, electrical equipment and valuables to higher ground while preparing an emergency kit (including blankets, torches, waterproof clothing, food, water and a first aid kit) in case of evacuation or becoming trapped .

In addition to this, it can be useful to find out how to cut the electricity and gas (in the dark) and ensuring all important documents are safe.

The true devastations that can be caused by heavy rain and flooding have remained high in the public’s mind since 2007 after severe weather ripped through parts of the UK causing destruction in its path.

However, due to economic conditions the Coalition Government recently announced cuts to the flood defence budget.

The Association of British Insurers expressed disappointment at the cut and warned that a long-term plan was needed in order to tackle the increased risk of flooding predicted in years to come.

Meanwhile, people have been warned that many home insurance policies do not provide full cover for cash. Property owners have been urged to check their insurance before keeping large amounts of money in their residence.

The results of a study conducted by Defaqto, an independent financial research company, suggested that a number of home insurance policies only cover cash of up to £500, and some that do not cover anything at all.

Mike Powell, general insurance analyst at Defaqto, said: “Burglaries increase during the winter months … and it’s important that you check that you’ve got adequate cover in case you become a victim.”

Written by Sam Gooch

Friday, 12 November 2010 16:11
Bookmark and Share

Make a comment on this article

Comment
Please enter the following letters in the box below.
We're very sorry for this but we just need to ensure
that you are not a computer.

Top Business Credit Cards

Card
Balance Transfers
Purchases
Typical APR (variable)
Apply
View Full Table >
No Products Currently Listed

Top Business Accounts

Provider
Account
AER
Free Banking Duration
Interest Paid
Apply
View Full Table >
No credit checks or interview required - Apply instantly online in minutes. £69 per year – No charge for receiving bank transfers or for setting up Direct Debits, loads up to £1,000 in a calendar month are FREE, a 0.25% fee will apply on loads over £1,000 per calendar month. Unique account number and sort-code are reserved as soon as you finish your application. CashPlus works just like any other bank account.
N/A
for N/A
N/A
No credit check with this basic bank account. Open to everyone 18+ who is a UK resident. £12.50 per month. Create standing orders & direct debits! Charge for 'depositing' money to account, either as cash or transfer.
N/A
for N/A
N/A

Cashplus Business Current Account

CashPlus
  • Instant online application process
  • No paper forms or interview required
  • No credit check required to open an account
  • The low cost alternative to High Street Banks:
  • - Free to load up to £1,000 per month at the Post Office, a 0.25% fee will apply on loads over £1,000 per calendar month (At other retail outlets this will also have a £3 fee that will apply)
  • - Free to set up Direct Debits
  • - Free inbound bank transfers
  • - 3 Free outbound bank transfers per month - £0.99 per transfer thereafter
  • Comes with MasterCard Debit Card – no card transaction charges
  • Fees: £69 per year & £2 per ATM withdrawal
  • No hidden fees
  • No introductory free period – just constantly low pricing
  • Additional card & replacement up to £5.95
  • Direct Debit Rejected payment fee up to £15.00 (capped at £60.00 per month)

CardOne Banking Guaranteed Business Account

OneBanking
  • CardOneBanking offers the following:
  • Guaranteed Acceptance
  • Sortcode & Account Number
  • Pay money in at any Post Office or Barclays Branch
  • Create Standing Orders and Direct Debits with this account.
  • 24 hour account management by Phone, Text and Online Banking
  • Dedicated Account Manager
  • £55 OPENING FEE
  • NO OVERDRAFT FACILITY – No risk of going overdrawn
  • NO CREDIT CHECKS! – Guaranteed to be accepted, regardless of your past credit
  • YOU must be 18+ and UK resident
  • £12.50 monthly management fee
  • Charges to transfer or deposit funds:
  • £5 to £249 = £5
  • £250 to £499 = £8
  • £500 to £749 = £13
  • £750 to £999 = £20
  • £1000+ = £30