QUICK NOTE – Preparing for BREXIT: Increased Stock Levels.
With BREXIT potentially only a matter of weeks away and uncertainty over what the trading environment will be some businesses have decided to mitigate the risk of potential delays and rising costs by increasing their stock levels.
If you have decided to do this remember to review your insurance to make sure:
- the stock sum insured reflects the increased stock values held
- any new storage locations are disclosed
- that current physical security measures remain adequate
Being underinsured could result in a reduced claims payment and leave your business exposed.
You may also be interested in our Quick Note covering Driving in the EU after a ‘No Deal’ BREXIT