Are your property and assets adequately insured?
Fire, flood, storm damage or even a burst pipe. There are many ways your property and assets could become damaged. It is only when you’re affected that you find out whether the insurance you have adequately covers your losses.
To make sure it does, those responsible for arranging cover must provide your insurer with all the correct and relevant information. The following tips will help with this.
Buildings
The sum insured must cover demolition and clearance costs as well as the cost to rebuild should your premises suffer irreparable damage. You must also include professional fees plus VAT at 20%. As property values are likely to rise over time, we recommend getting a building valuation at least every 5 years. Visit Jonathan Cornes Associates.
Tenants Improvements
If you rent rather than own your premises, check your lease to find out what you, as the tenant, are responsible for such as redecoration costs. Also, if you make any changes to the building, such as adding toilets, you must insure these costs too.
Contents
From books and toys to fixtures and furniture, just think what it would cost to replace everything in your nursery, including items that may be out of sight or in storage. When you add it up, you might be surprised by what you have and how much contents cover you need.
Get in touch
To find out more information and get a quotation that is unique to you and your business please get in touch by using the contact form below or speak to a member of our team on 01204 570390
Got it right!
We made sure Creche-n-Co had their contents properly covered
Operating from the basement of a college building, Creche-n-Co suffered a major flood on Boxing Day 2015. The bad news was that their entire contents were destroyed. The good news however was they had received regularly cover reviews with us and their Contents sum insured was enough to replace all the furniture and equipment, so they could soon reopen.
What our customers say
“It was only a few years ago we left your company – I think at the time, we considered only price and went for what we believed was a better deal for our office and 5 nursery settings. We now know that it is not until something happens to cause devastation and upset that we fully valued the dedication and service to customer that we have been lucky to experience from the dot2dot team.”
Lorraine Darlington, Director, Creche-n-Co Ltd
Your account handler
Good relationships are good for business. So at dot2dot we believe in really getting to know our customers. That’s why we provide you with a dedicated account handler, who’ll get to know you and your nursery on a one-to-one level
Summary of policy details
At dot2dot tailoring cover for client’s individual requirements is very important and a member of our team is happy to guide you through this process. In the meantime, here is a summary of the standard cover provided which are adaptable.
Public and Products Liability
Standard Limit of Indemnity £5 million
Limit can be increased if required
Cover automatically includes Medical Treatment and Breach of Professional Duty at £5 million
Employers’ Liability
Standard Limit of Indemnity £10 million
Property Protection
All Risks cover including Accidental Damage, Subsidence and Full Theft which is tailored to suit individual requirements.
Business Interruption
All Risks cover for Loss of Revenue and/or Increased Cost of Working tailored to your individual needs.
Directors & Officers Liability
Limit of Indemnity £25,000
Increased limits available
Money and Assault
Included with various limits
Loss of Registration
£100,000
Employees Dishonesty
£25,000
Equipment Breakdown
£5,000
Personal Accident
Staff and children
Commercial Legal Expenses
Limit of Liability £100,000
For a copy of our full policy summary, please contact the dot2dot team.
Cover Guidance
A closer look at business interruption insurance
While no one expects a disaster to strike their nursery business, when it does, it’s vital to have Business Interruption Insurance in place, alongside your buildings and contents cover…
Request full policy details
Added benefits
With your policy, you will gain access to:
- AVIVA is the UK’s largest general insurer; ultimately providing additional strength and expertise to dot2dot
- AVIVA share our passion to work closely with nurseries and will ensure we continue to enhance our insurance cover and provide additional solutions and services
- AVIVA has won many awards for service and innovation and has developed leading technology specifically designed to improve claims management
- AVIVA has a strong reputation for working closely with their customers to actively defend appropriate claims – an approach that has identified them as a market leaders
