Uninsured risk checklist

Risks may be uninsured for a number of reasons, for example:

• Under-insurance - if your sums insured or declared insurable values are inadequate, and the policy contains a coinsurance or average clause, you will not receive the full amount of the loss.
• Inadequate loss limits - if the sum insured is less than the amount of your exposure, any loss in excess of the sum insured will not be insured.
• No insurance - if you elect not to insure a particular risk, you must bear all losses yourself.
• A deductible or excess under a policy – you must bear the first part of the loss up to the amount of the deductible or excess.
• Excluded perils – some policies exclude perils, e.g., flood, storm surge and subsidence. You will not be insured for an excluded peril unless you ask for the cover (which can be expensive, as there is generally a limited availability of cover in these areas)

We have indicated below a number of risks that we believe may be important for you to consider. While no list of uninsured risks can ever be exhaustive, we have aimed to provide an overview of coverage options available to assist you in identifying areas where you may require insurance protection. While not all of these covers may currently apply to your circumstances, as any business is susceptible to change, we recommend you review these areas regularly to ensure that you are still comfortable with the scope of cover provided by your existing policies. Please note: some of the risks mentioned may already be part of your existing insurance programme. If you are unsure, please contact us.

Association Liability	IT Liability
Burglary and/or Theft	Key Person
Business Interruption	Legal Expenses
Business Package	Libel and Slander / Defamation
Construction Risks / Liability	Machinery Breakdown (Damage/Loss of
Corporate Travel	Income)
Cyber Liability	Management Liability
Cyber Security (First Party)	Marine Cargo (overseas / inland / both)
Directors & Officers / Company Reimbursement	Money
Electronic Equipment/Breakdown/Business	Motor Vehicle
Interruption	Personal Accident / Illness
Employers Liability	Plant & Equipment
Employment Practices Liability	Pleasurecraft
Environmental Impairment Liability	Product Recall
Fidelity Guarantee	Professional Indemnity / Errors & Omissions
Fire and Extraneous Perils	Public and Products Liability
General Property	Taxation Audit
Glass	Technology Liability
Group Personal Accident	Trailers
Home and Contents	Valuables
Industrial Special Risks	Workers’ Compensation