The British Sign and Graphics Association is committed to championing excellence in the United Kingdom’s (UK) signage industry, and our Business Essentials Series is designed to provide members with practical guidance to strengthen your operations, reduce risk, and build confidence.
Each leaflet focuses on a key business topic, offering clear advice to support best practice and informed decision making.
The latest edition, contributed by SignElite, focuses on Underinsurance – a risk that is often overlooked but can have serious financial consequences.
Many businesses assume that the value listed on an insurance policy is the amount they will receive in the event of a claim. However, most policies contain an “average” clause, meaning that if a property, machine, or asset is underinsured, any payout may be proportionally reduced.
This edition provides practical steps to collaborate with professionals and ensure compliance:
Contents, Machinery, and Plant: calculate accurate replacement costs based on as-new value, including associated items like cabling, and avoid relying on discounted purchase prices.
Inventory Management: maintain a full, up to date record of all assets, ideally stored offsite, to support accurate coverage and simplify claims.
By following these steps, members can communicate and share knowledge across your teams, improve decision making, and reduce operational risk.
Underinsurance is a common pitfall, but with the right approach, it can be avoided, protecting your business and the wider signage community.
The Business Essentials Series is a practical resource, designed to evolve with the needs of our industry.
By providing clear guidance, promoting collaboration, and reducing barriers to professional knowledge, we strengthen our community and ensure every member benefits from shared insight and best practice.
We encourage all members to explore these resources, apply the guidance within their own operations, and share feedback to continue shaping the Business Essentials Series.
For access to the Business Essentials Series, including the latest edition on Underinsurance, or to contribute your own insights and suggestions for future topics, contact the BSGA team or log in to your member portal.
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