Is Your Business Properly Insured?

Running a business means juggling a lot of responsibilities. Wherever you're based, having the right insurance cover in place gives you peace of mind and allows you to focus on what matters: your customers, your team and your growth.

But over the years, we’ve seen a number of common gaps that can leave businesses unexpectedly exposed. Here are five areas worth reviewing in your current policy:

1. Underinsurance

It’s surprisingly common for business owners to underestimate the value of their contents, equipment, or stock. If you ever need to make a claim and the sum insured isn’t high enough, you may not receive the full value of your loss. Make sure your policy is based on realistic, up-to-date valuations.

2. Business Interruption Cover

A burst pipe, power outage, or fire at your premises could shut you down for days or longer. Business interruption insurance helps cover loss of income and ongoing expenses during this period. Without it, a short-term disruption could have long-term consequences.

3. Public Liability Insurance

If a customer slips at your premises or a contractor is injured while working on-site you damage surrounding Third Party Property, public liability insurance protects your business from costly legal claims. It’s essential cover for businesses with walk-in clients or public access.

4. Cyber Insurance

From phishing emails to data breaches, digital threats are a real risk even for small businesses. If your company stores sensitive information or relies on online systems, cyber cover can help with recovery costs and legal fees.

5. Portable Equipment Cover

Many Gibraltar-based businesses operate on the go meaning staff often carry laptops and other devices with them. Whether it’s laptops, tools or specialised equipment, make sure your cover includes protection for items taken off-site or across the border.

At Masbro Insurance Brokers, we’re here to help you identify any gaps and tailor a policy that fits your business. If it’s been a while since you reviewed your cover or you’re not sure what’s included, speak to our team today. We’ve been supporting Gibraltar businesses with trusted advice since 1985.

Call us on +350 200 76434, visit our office at Tisa House, 143 Main Street, or email us at non-motor@masbro.gi to speak to a member of the team today.

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