Bring Stability to Your Insurance Budget

The economy is changing.  Pressure is building on interest rates, consumers are struggling to manage record levels of debt and the Bank of England is taking steps to slow down the economy. From a business perspective, competition is arriving from powerful emerging markets such as China, creating floods of cheap imports.

Uncertainty is a fact of life.  Businesses juggle uncertainty day in, day out – customer requirements, availability of stock, competitor activity and running costs. However, accurate budgeting and good financial planning can eliminate some unknown quantities, allowing your business to concentrate on other important issues.

The insurance world operates in a cycle of high and low pricing.  Key issues affecting this cycle are competition, catastrophic weather events, financial returns of insurers, hunger for business and shareholder returns. Premiums change according to where the market is positioned, meaning that your business may face unexpected price increases.  This can lead to uncertainty, with you not necessarily knowing how much to budget for your business insurance from one year to the next.

For a long time, the mortgage market has offered a range of fixed price products. The benefits are obvious – a fixed price means that you can budget effectively and be immune to interest rate rises. Fixing of rates has also materialised in the energy market over the past two or three years. Why not now apply this same philosophy to your business insurance and fix the cost of your insurance premiums for three years?

Three year policies are not necessarily commonplace in the insurance market.  However, Cherrypicked insurance has secured an exclusive deal with a major insurer to provide a comprehensive three year business insurance product that is only available from a Cherrypicked Insurance Broker.

Why not find out more about this creative approach to securing peace of mind and stable budgeting? Contact your Cherrypicked Insurance broker for more information  and to get a competitive quote.

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