AA Business Insurance is a must call for SMEs with Insurance needs

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Rising Insurance costs are not just affecting motorists and home owners. Businesses up and down the country face major challenges as the price of premiums is adding to the problems of a difficult trading environment. Michael O’Reilly heads AA Ireland’s Business Insurance team, and he shares some insights into the difficulties faced by small and medium sized businesses in the current economic climate.

“It is a tough environment out there, certainly.” Says Michael, “It is important for business to immediately start looking at ways to reduce insurance costs as they face dwindling profits, staff reductions, lower turnover and fleet numbers.  In the meantime, Insurers are continuing to increase their rates. Of course it will always be good advice to make sure that you are adequately insured, but a key point is only to pay for what your business actually needs”

An insurance policy can be tailored around what the business actually needs, so instead of ‘one size fits all’ you can get the cover that fits best. We can also arrange payment by instalment, a flexible feature that can often suit anyone with a seasonal or variable income. As time is precious, Your policy is arranged on a statement of fact basis so there is no need for time consuming proposal forms.

There is currently an increase in claims frequency. It is an unfortunate pattern that you often see this when there is a recession or when economic times get tighter. You can protect your business against these claims by taking steps to reduce risk. Again, let one of our team talk you through it and we can work your premium down.
No matter who you are insured with you are likely to face a price rise this year at least when you initially look at your renewal.

Before renewing Michael O’Reilly’s advice is to carry out a detailed review of your business insurance needs and you could be surprised with the cost savings for your business. Additional benefits of our business insurance policy include; Full accidental cover on property, consequential loss cover, employers liability cover, public & products liability cover, legal expenses cover, and free risk management advice. Further details can be found at www.aaireland.ie/business/