Beat paying for unwanted insurance cover

As I'm sure most people are aware who have a business, finding the right insurance cover isn't always as easy as you may think. Unlike, say, your car insurance where all you need is comprehensive cover with a £500 excess and courtesy car as standard. done. But when it comes to business cover every establishment is different. Not only that, but each industry has different needs. For example, if you work in the motor trade you may need a policy that covers you for a fleet of vehicles, or if you work in the sign and graphics industry you may need the use of hot air guns or heat guns away from your premises as standard.

The problem is that many policies that will offer a low price on business insurance do so because the cover offered is standard, an all you need type of policy, not added protection specific to the work being carried out. This is all very well if you're simply looking for the very basic of covers. However, this may mean that you're protected for something you don't have and not for something you do, depending on your area of expertise. This then becomes very risky as it's most likely an incident in which you will need your insurance will happen at some point and when is does, will you be covered?

With business insurance you need someone that understands your organization and the industry in which you work in, inside out. Although you may think it easy enough to search for the cover yourself, insurance companies only ever offer one type of policy - their own. This means that getting quotes from individual companies can be both time consuming and not representative of the protection you may need. This is where insurance brokers come in. They are there to help find you the best cover possible by contacting the insurance companies on your behalf and won't just search for any policy, but for the best in terms of money and protection for your establishment.

However, there are also Brokers out there that have taken this one step further by designing policies specific to particular industries. For example, Real Insurance Brokers are the name behind SignElite - Insurance for the Sign and Graphics Industry, UKaftermarket - Insurance for the Aftermarket parts and consumables distribution sector, Real Automotive - specialists in motor trade insurance for small to medium sized motor traders who have premises and most recently Fransure - Insurance for Franchising (which I will go on to discuss). These policies have been specifically designed with the businesses in each individual sector in mind to help cut the cost of unwanted cover and increase the necessary protection specific to the work being carried out. So far it's been extremely successful for obvious reasons and more and more people are catching on to the idea that to help save them money whist getting the cover they need, a tailored policy is the best option.

Although policies are being designed with various different sectors in mind, there has been one industry that has been extremely under serviced, even though it's as big as it is and that's the franchising sector.

For many years Franchisees have been left to source insurance themselves with dire consequences and Franchisor's whilst giving as much help as possible, insurance has come low on the list of priorities. One of the new specially designed policies, Fransure (as mentioned previously), fixes this by providing a sound solution to the Franchisee whilst taking the complexities away from the Franchisor allowing time to concentrate on running your franchise business. This service was developed through the experience that Real Insurance Brokers had with a number of franchise operations and which now means that bespoke and innovative business insurance solutions to suit all Franchisor and Franchisee requirements can be provided, again saving time and money whilst giving the right protection. Because it's a tailored solution exclusive to franchising, this means that it can cover the basic needs through to complex insurance protections.

Fransure deals with some of the UK's largest franchise operations providing specialist programs and insurance products for IT, Accountancy, Fast Food and the Display sector to name but a few, which demonstrates the increasing success and need for such a service.

The difference with franchising is that the Franchisor may not have the time to sort insurance for its Franchisees and then they, when left to get cover themselves, may get it wrong. This is why the tailored solution and service of Fransure saves so much time and money as Fransure works with the Franchisees to understand the specialist protection they may need and tailors their insurance portfolio to give an all round protection. This benefits the Franchisor at the same time as this specialist insurance will protect the management fees alongside premium savings and time conserving.

Don't throw your money down the drain - beat paying for unwanted insurance cover by taking out a specialist policy tailored to your specific needs!