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Could Terminal 5 Insurance Hic-up Happen In Northern Ireland? 

It was well documented that the Terminal 5 opening fiasco at Heathrow caused tons of misplaced luggage.  What is not so well known is that some insurance companies temporarily withdrew baggage insurance to those with lost bags claiming that they knew before the fact that when they checked their baggage in, that it would likely get lost.  The outcry as you might expect was loud and ferocious causing the insurers to overturn their decision.  But could the same thing happen to businesses here in Northern Ireland?

Many businesses think that they have a comprehensive policy that covers all of the major bases for business insurance including building, liability and indemnity insurance to name a few.  The reality is in my experience is that many of the policies held by NI businesses are far from all encompassing and when push comes to shove, and the insurance is needed, It is not uncommon to find that generic policies don't actually cover the needs of the business and the expectations of the Director that purchased it.   The idea of not being covered like the poor folk in Terminal 5 is not actually that uncommon as many insurers seek to avoid claims using the small print.  The question I would be asking is “In the event of needed my insurer, am I actually covered”?

If you are unsure if you are covered and don't want to end up struggling with your insurance company like those passengers stuck in Terminal 5 without baggage or cover, then please by all means give us a call on 02890 730700.

Gavin M Higgins
Chief Executive