Business figures are commonly used by insurers to assess exposure.

What changes can matter? #

Examples include:

• Rapid growth.
• Major reduction in turnover.
• Significant recruitment.
• Large increase in subcontractor payments.
• New business divisions.

Does every small change need immediate notification? #

Not necessarily.

The significance depends on the policy and insurer.

However, substantial changes should be discussed with Webber Insurance.

Why can this affect insurance? #

Turnover, payroll and employee numbers can influence:

• Premium.
• Exposure.
• Policy limits.
• Insurer appetite.
• Declaration requirements.

What should I do at renewal? #

Provide current figures rather than simply repeating the previous year’s information.