No Deal Brexit Concerns
Due to uncertainty about a ‘no deal Brexit’ and the associated concern about availability and delivery of raw materials, general goods and medicines there has been an increase in stock levels, particularly in certain industries.
Brokers and policyholders should be mindful of stock values to avoid any underinsurance issues in the event of a fire or other insured event.
The consequential shortage of warehouse space to rent, particularly in the greater Dublin area is a live issue.
Over the next few months and into the new year policyholders and brokers should be aware of circumstances that might impact on lead times for machinery and consequently the interruption period under business interruption policies.