Facebook - Shropshire Business Twitter - Shropshire Business LinkedIn - Shropshire Business
https://www.networktelecom.co.uk/nt-multimedia https://www.salopleisure.co.uk

Webinar puts insurance in the spotlight

The insurance industry’s response to the Covid-19 crisis will be in the spotlight at a special Shropshire Chamber of Commerce webinar next week.

The Henshalls Group is one of the UK’s top 100 independent insurance brokers, with offices in Newport, Shrewsbury and Stafford, and the team will be updating businesses on the current situation when the session kicks off at 11am on May 5.

Director Dave Williams, who will be leading the session, said: “The insurance industry has come in for its fair share of criticism in recent weeks since the pandemic reached the UK.

“Some businesses are unhappy that the situation is not covered in their business interruption insurance. But in reality, most business interruption policies can’t provide pandemic cover as the potential losses are unquantifiable by insurers given the global nature of the risk.

“It has been suggested by industry commentators that if these policies did offer pandemic cover, every business would have to pay for it - and premiums might increase by as much as 300%.”

Mr Williams said: “In this webinar, we will be providing some perspective on pandemic cover, and explaining some of the ways in which insurers are currently trying to help.

“We will also be discussing what might happen to future policy wordings, and premiums, when the country returns to normal.”

Henshalls says some insurers and premium credit companies are now allowing payment holidays, and even mid-term reductions in premiums if circumstances allow. Several are also reducing motoring cover to reflect the lack of vehicle use.

Mr Williams added: “Our team of experts is also working closely with insurers to ensure that unoccupied business premises remain properly insured while lockdown is in place – and that domestic policies won’t be impacted by staff being forced to work from home.

“We’ve also been regularly updating our website and social media accounts with a whole raft of helpful tips and bulletins offering support and advice through our #henshallshelps campaign.

“We will continue to work with insurers to make sure our clients have all the help they need as the industry has to continue to do all it can to support businesses through this downturn, and beyond.”

To sign up for the webinar visit https://www.shropshire-chamber.co.uk/events/is-the-insurance-industry-helping-or-hindering-businesses-2/ and register to receive a Zoom link ready for Tuesday May 5.


Carl joins Henshalls in Newport

New face has over 40 years of industry experience

20th September 2019

Business recovery needs careful preparation

Changing face of life in the workplace

13th July 2020

Business expertise available online

Growth Hubs move seminars and workshops

20th May 2020

Home working brings raft of new risks

Health and safety experts warn employers to act responsibly

29th September 2020

Home working creates even greater cyber risks

One in three UK businesses likely to be attacked

4th April 2020

Partnership project branches out

Insurance experts will deliver expert advice

13th February 2020

Designer puts skills to good use on face coverings

Hayley J gets students involved

17th July 2020

Support programme to help clients navigate pandemic

Accountants launch Survive, Adapt and Thrive campaign

5th May 2020

Business backing for community cinema plan

Insurance brokers support Wellington Orbit campaign

1st November 2018

Food experts set to grow

New overseas markets are targets after pandemic

24th September 2020

Businesses asked for post lockdown advice

Marches LEP calls for companies to share best practice ideas

4th May 2020

Brexit warning for SMEs

Insurance experts urge businesses to double check their paperwork

29th March 2019

Firms join forces to help secure deal

Acquisition is a success thanks to partnership working

10th April 2019

Nomination brings in valuable cash

Shropshire insurance experts secure charity grant

3rd December 2019

Law firm launches Covid-19 advice campaign

Experts compile FAQs received from local businesses

23rd April 2020