The trouble is that it is often an accurate description of the product because, as many clients are finding out far too late, their safety net does have holes in it – and these come in the form of underinsurance. Clients need to be really clear about what they could lose if they chose not to pay the premium. The gaping holes in the safety net can stretch from inadequate liability limits to misjudged business interruption cover – leaving our clients dangerously exposed. In a world where legal costs and compensations continue to rise sharply, can we be sure that cover limits of £2m, or even £5m are sufficient? So, if the worst does happen, instead of a porous safety net, they find they have an impervious insurance shield.

Source: The Times June 19, 2025 11:01 UTC