What Information Do We Need to Provide an Insurance Quote?

When you contact Lion Insurance for an insurance quote, you may be asked a number of questions about you, your business and the risks you need to insure.

We know it can sometimes feel like a lot of information, but there’s a good reason for it. The more we understand about your circumstances, the better we can assess your requirements and approach insurers for suitable cover.

Here are some of the key things we need to know when arranging an insurance quote.

What does your business do?

One of the first things we need to understand is exactly what your business does.

It’s important to give us as much detail as possible about your activities, rather than simply providing a broad description such as “construction” or “consultancy”.

For example, if you're a contractor, we may need to know the specific trades you undertake, where you work and whether you use subcontractors.

Understanding your business activities helps us identify the types of insurance that may be appropriate and which insurers are able to consider your risks.

Where do you work?

Your location and where you carry out your work can be important when arranging insurance.

We may need to know whether you work from your own premises, from customers' properties, on construction sites, from home or across multiple locations.

If your business operates away from your main premises, we may also need information about the areas in which you work.

How many people work for you?

We may need details of your employees, including the number of people you employ and, depending on the policy, the type of work they carry out.

If you use subcontractors, we may also need to understand how you use them and whether they carry their own insurance.

Providing accurate information helps us understand the overall risk and identify the appropriate cover.

What cover do you need?

We'll need to understand what you're looking to insure.

Depending on your business, this could include public liability, employers' liability, professional indemnity, commercial property, tools and equipment, business interruption, vehicles or cyber insurance.

You may already know exactly what you need, or you may simply know that you want to make sure your business is properly protected.

That's where we can help.

What are your sums insured?

For certain types of insurance, we'll need to establish appropriate values.

This could include the value of your buildings, contents, stock, tools, equipment or business interruption exposure.

It's important that these figures are as accurate as possible. Underestimating your values could potentially leave you without enough cover if you need to make a claim.

What claims have you had previously?

Insurers will generally want to know about your claims history.

We'll ask about previous claims and, depending on the circumstances, may need further information about what happened, when it happened and the outcome.

Don't worry if you've made claims in the past. Our job is to understand your circumstances and approach insurers who may be able to consider your requirements.

Why is accurate information important?

When arranging insurance, accuracy matters.

If important information is missing or incorrect, it could affect the cover available or how a claim is dealt with later.

At Lion Insurance, we take the time to understand your requirements rather than simply asking you to fill in a form and providing a price.

Our aim is to understand your risks, explain your options and help you find insurance that is appropriate for your circumstances.

Speak to Lion Insurance

Every business is different, which is why we take the time to ask the right questions.

Whether you're looking for business insurance, commercial combined, public liability, cyber insurance, private medical cover or another type of insurance, giving us accurate and complete information allows us to approach the market with a clearer understanding of what you need.

If you're looking for a new policy or reviewing your existing insurance, speak to Lion Insurance today. We're here to help you understand your options and find the right cover for your needs.