Top Five Reasons Why our Customers Choose Us

The best source of business is the referrals we receive form our customers. So why do people choose The Expert Insurance Group for their Insurance cover?

  1. We are push button free! Our phone is always answered by a real person. We know you want to talk to us, so you’ll get straight through to an adviser. If you prefer to speak to a person instead of listening to a machine, then you should be dealing with us.
  2. Insurance is complicated. We are happy to take the time to explain your cover to you so you can really understand what you are buying. We invest heavily in developing our staff so you can be confident that you are getting the right advice when you call. All of our staff (including our support and accounts team) are required to achieve the Chartered Insurance Institute Cert CII Qualification.
  3. Your time is precious. We understand that you want a policy that provides comprehensive protection at the best price. We do the hard work, so you don’t have to. We are an independent whole of market broker. You can be confident that we will find the best policy for you and provide you with the best advice.
  4. We don’t charge fees, if you decide not to use us, we won’t charge you.
  5. Added value. We give great advice – if you buy a policy from us and need help understanding the insurance cover that your customers want you to buy or in checking that your suppliers or subcontractors have in place policies that are adequate to protect you, we can help. Our checking service is free to all customers.

For a free quotation please call us on 01825 745 410 and we’ll be delighted to help you.

Why Insurance is like a fine wine

If you have ever bought a cheap bottle of wine then you’ll appreciate the bitter disappointment of knowing that you’ve wasted your money. Insurance is no different. Sure there are lots of ways to buy cheap cover on the internet, but most of the cheap policies have hidden terms and conditions in the small print, so you can never be sure that you are buying a policy that will protect you in the event of a claim. The old adage if it looks too good to be true it probably is applies.

How can you be sure that you will be properly protected? Insurance doesn’t have to be expensive, in the same way that a five to seven pound bottle of wine will be perfectly adequate for everyday quaffing, a reasonably priced insurance policy can be perfectly adequate to protect your home or business. The Expert Insurance Group can certainly help you with one of these!

If your home or business is a bit unusual, maybe you run a wine importers business from home or are engaging in an unsual business venture, you will need something a bit more tailored to your needs. We’d compare this type of cover to the slightly more expensive wines you’d get from an independent off licence rather than a supermarket. These policies will probably cost a little more than your everyday cover, but you’ll have the confidence that the cover will be absolutely right for you – and you wont be left with a nasty taste (like corked wine) to upset you if you need to make a claim.

Moving up the range we have the bespoke, really special or unusual risks. Like the vintage and fine wines the cost of a high net home policy, business insurance for a multi million pound business, cover for a large property portfolio or major building project is going to cost a bit more, but the cover that you get will be as unique as the risk to be insured.

The Expert Insurance Group can provide help and advice to individuals, and businesses big and small. For a free quotation please call us on 01825 745 410 and we’ll be delighted to help you.

Finally please remember the Expert Insurance Group is authorised and regulated by the financial conduct authority to sell General insurance – we aren’t licensed to sell alcohol!

Cyber Crime – It could be you

Every business is vulnerable to cyber crime.

The cost of recovering from a cyber outrage is not limited to downtime or the costs of restoring the data. You may take time to recover your reputation, both on and off line, you may lose clients and you may even be fined.

If a cyber terrorist has been in your system for too long your back up may be useless. Could you afford to respond to an attack on your business?

Cyber terrorists are just as interested in small and medium businesses as they are big ones – in fact more so – a SME is less likely to have the money to protect themselves as well as a larger company.

Even companies that have taken all the right precautions can be affected – a regular tried and tested back up, virus protection and firewalls might stop external threats, but the biggest risk to business can be the member of staff who gets taken in by a genuine looking email or attachment. Or your own home grown cyber terrorists who use the company IT for their own personal use.

One of our clients were infected with the Cryptolocker virus. This locks down the system and demands a ransom to release the files. Although our clients had off site back ups, managed in the cloud and robust cyber resilience plans, they still lost days of work while the systems were initially restored and then fell over again, not once, not twice, but three times.

The business eventually rolled back their backups three weeks which required rekeying of data as well as catching up with lost work.

The cost of the cyber clean up and down time was in excess of £250,000 in lost fees, temporary staff costs, data and system clean up and restoration across their five offices. A cyber liability policy that cost just £109.50 per year reimbursed them and kept their business alive.

Get the right Cyber Protection. Call us today for a free quotation 01825 745 410

Who inherits?

You probably have a will that leaves your assets to your spouse, partner, family or friends. If this includes shares in your own business have you thought about how this will affect your business and any other shareholders? What would your family do with their share of your business?

Shareholdings in small and medium sized businesses tend to reflect the value that the shareholder brings to the business. It is unlikely that the heirs to your estate will be able to contribute the same level of value as you do to the business, however they will be still entitled to the same level of dividends as you would have been. They will also have the same voting rights and “say” in the direction of the business going forward.Spouses, partners, families and friends may not share the same rapport with your business partners as you do. Equally you may not get on with the people that your business partners love enough to leave their shares to.

According to research 45% of UK business owners expect the remaining owners to buy their share of the business in the event of their death, however only 40% of companies have taken out cover to ensure that funds are available for the purchase. In any event there is no guarantee what will happen to the shares unless you have a shareholders agreement in place.

Regardless of the arrangements, money will need to change hands and this could be a substantial amount. The Expert Insurance Group can arrange a life insurance policy that pays a sum of money into a trust if you die and provides the surviving partners with the money to purchase your shares.

To ensure the money is used to buy the shares inherited by the family a legal agreement is put in place. The documentation is pretty straight forward but an extremely important part of the process. The money is then paid directly to the beneficiaries of the will.

Get the right Business Protection. Call us today for a free quotation 01825 745 410

Loans and Overdrafts

Every business is different, but most small businesses have one thing in common – they rely on specific individuals to operate. If your company has a loan or an overdraft, you might find that the bank wants to recall your facility if a key member of staff dies or becomes ill. Often this is the time when the business needs the money most.

It’s a good idea to consider what debt your business has and the loan facilities that it might need and put provisions in place to ensure these are repaid on the death of one of the business owners. Over 50 per cent of business owners have no protection cover for their corporate debt, yet paying off debt quickly through loan protection is an ideal way to improve cash flow and can provide the business financial breathing space to reorder their affairs without additional pressure on the company finances.

Most business owners will have insured their buildings, contents and stock, however business protection can be something that is easily overlooked. It’s easy to think it’s something that ‘can be left till later’ but you never know what’s around the corner……

Speaking to an advisor from the Expert Insurance Group is a great place to start. An advisor that specialises in business protection will look at your current and future financial business plans and help you decide on the type of protection that is best for you as an individual and your company. Then we’ll help you set up a suitable trust that will make sure that your wishes are carried out.

Get the right Business Protection. Call us today for a free quotation 01825 745 410