Avoiding Over-Insurance: Are You Paying for What You Don’t Need?

While “under-insurance” is a major risk, “over-insurance” is a waste of money. As an SME, every dirham counts. Some brokers will try to sell you the most expensive sme package insurance policy with limits that are far too high for your actual risk.

The “Rightsizing” Approach

At CoverB, we are the best business insurance consultants because we believe in “rightsizing.” If you run a small digital agency with no office visitors, you don’t need a 10 million AED Public Liability limit. 1 million is likely more than enough.

We look at your real assets. If your computers are worth 20,000 AED, why pay for a policy that covers 100,000 AED? We help you trim the fat from your sme business insurance. We ensure you have the perfect “fit”—not too loose, not too tight.

Regular Audits to Save Money

As technology gets cheaper, the “replacement cost” of your assets might go down. During our annual review, we check your limits. If we can lower your coverage (and your premium) safely, we will tell you. We want to be your partner for the long term, and that means saving you money whenever possible.