Our staff can help with most business insurance enquiries and whilst we specialise in certain sectors, our expert brokers will be able to help arrange products for most trades and industries.
Our expertise means we are involved in the placement of insurances for businesses nationwide.
Finding the right cover can be tricky and time consuming, that’s why we believe in trying to make the buying process as simple as possible. We do this by making sure our employees really know the products they advise on. Their knowledge becomes your buying power.
Some of the businesses we have helped include:
- Restaurant and coffee shop franchises
- Food manufacturers
- Wholesalers of fruit and vegetables
- Furniture manufacturers
- Haulage contractors
- Motor traders
How our approach differs?
Choosing an independent broker like Movo means that you will receive impartial advice. We are not tied to either any group of insurers or individual providers. When you instruct us to quote or act as your brokers you will have the reassurance that we can approach any one of the 90 providers we have access to and put forward the best deal for you.
Not a call centre
When you approach us, we will act as your agents and are here to look exclusively after your best interests. Our staff are all trained professionals and will never need to use a call script. Movo are traditional insurance brokers and we do not operate from a call centre environment. Wherever possible we will meet our clients face to face. All our sales are advised and we pride ourselves in the ability to tailor cover and cost to suit all our client’s needs.
Non-standard? Not a Problem
Being experts means that we can tackle the hard to place risks. Where others might not want to, or lack access to niche insurers we welcome the opportunity to be challenged. Our approach is that everything is insurable and whilst we may not always be able to help, you can rest assured that we will always have tried everything possible.
Pay the right price and not a penny more
We recognise that the cost of insurance is a major concern for all clients.
Our job, as your insurance advisor, is to put all the options in front of you and explain why some policies may be more expensive than others. Some clients feel insurance is a necessary evil and only want the most basic of covers whilst others want to ensure every angle is covered.
We work for you and whilst we will advise you on what covers are suitable, you will be given the choice to select the cover that is right for you.
Frequently asked questions (FAQ)
This is the broad term that many people use to describe insurance products for businesses. This type of cover is also described under a variety of other more specific names. Like Retailers Insurance, Hotel & Guesthouse Insurance, Restaurant Insurance, Pub Insurance, Commercial Combined and many others.
Business insurance is usually separated into two categories, packages and commercial combined insurance. Covers tend to be fixed under the package products but almost any activity and assets can be covered under a commercial combined.
A package insurance product is usually designed for a specific trade or sector and will include a variety of standard cover. Often these cover give umbrella limits of cover which cannot be removed. Often you will find package products for Retailers, Licenced trades and tradesman.
Often insurers will give a ‘maximum’ level of cover automatically within a policy. These are usually fixed and cannot be removed or at the least will not impact the premium if they are removed. A common umbrella limit is ‘£500,000 gross profit’ under a package policy. This removes some of the barriers to arranging this type of covers for smaller businesses by giving a large enough limit that should cover the majority of customer’s needs.
Commercial combined insurance is best described as a policy which clients are able to tailor to their needs. This product will allow an insured to pick which covers they want as well as sums insured above and beyond limits usually provided under package policies.
Any businesses with employee’s will require Employers Liability cover to meet the requirements set out in the Employers Liability Act 1969. There are other covers which are required by the law but the vast majority of covers are optional including in the vast majority of cases Public Liability cover.
Policies for a single tradesman can be as low as £65 per annum for the right trade. Some of our larger client will pay 100’s of Thousands however Business Insurance tends to be relative to your size and usually segmented by the industry you are in.
With a commercial combined policy, you can tailor cover to suit your needs. You can on occasion also buy individual policies that cover a narrow set of insurance needs. An example is a transit insurance policy which only provides cover for goods in transit.
Policies vary greatly. Some products, like high net worth private household policies give very broad cover including warranty free policies whilst other policies may restrict cover to very narrow set of conditions using policy wordings. It is also true that insurers approach to claims handling varies greatly and you should always enquire as to how well an insurer deals with claims.
Yes, although usually you will need to request this be added to your policy. It is worth considering, especially if you have a large glass frontage.
Some policies, aimed at consumers, will have a cooling off period. Other policies will offer a pro rate cancellation refund. Some policies will be minimum and deposit. This means all the premium is due from the moment you take up the policy with no refunds given.
This is a non-refundable insurance usually reserved for some motor policies or liability insurance. If a policy is minimum and deposit, this should be brought to your attention at the time you buy the policy.
This is when a proportional amount of the premium is refunded in line with the amount of time that remained on the policy.
The answer is an emphatic yes! Most insurers will ask you a direct question in relation to liquidation or bankruptcies, it may be for a limited period or ask you to declare any incidents ever. It’s really important to answer the question correctly as this is often an area that comes up when insurers are investigating claims.
On some occasions they do via selected registers. The best approach is to declare everything you think is relevant and thus removing any concerns you may have about historical data.
Only if you have no leeway within your policy and are required to do so under the terms of the wording. Most policies that require a turnover to be declared will be based on a year-end adjustable basis. This means that provided you do not exceed any of the triggers (i.e. exceed 25% or 50% of declared turnover) then you can wait until renewal and make a declaration. Insurers will reserve the right to charge if the amount is higher than the original declared amount. You will need to check what allowances your policy makes.
Property Insurance is the broad term used to give for policies, or sections of policies which provide cover for physical assets. This could be for buildings, contents, stock, computers or anything that is tangible.
This is a policy, or a section of a policy which provides protection for the possible loss of profits and/or to give you help in re-establishing your business to the position that it was in prior to the loss. Business interruption claims usually requires a physical incident to occur in tandem with any BI claim. There are several bases for insuring business interruption although the most popular way is by declaring the insurance gross profit estimate. We have a handy calculator to help with this.
This cover is usually provided as section of a policy and will give you protection for money that is stolen and some other perils. There will be various sections and inner limits which will provide clarity on what amount of cover you have for money in safes, left in premises overnight, in transit and any other requirements you will have?
Insurers, on occasion will give an overall limit of cover for a section of their policy and then restrict a specific part of this cover to what is known as an inner limit. An example is a Public Liability policy which gives £2,000,000 of cover but will restrict the cover given to £100,000 for any claims related to a specific activity.
These are the risk insurers give covers for. Examples are: fire, water damage, theft, malicious damage, earthquake, storm, subsidence and accidental cover.