Adjustable Policies
Do you know exactly what your payroll, turnover or average stock value on your premises will be in the next 12 months? Probably not. But what happens if your business insurance premiums are to be based on these figures? Often, the premium has to be based upon realistic estimates. Under an adjustable policy, these estimates can be adjusted appropriately, upwards or downwards, at the end of the period of insurance, when the actual figures are available.