A new financial year often brings new plans, targets and a long to-do list for business owners. But while many businesses focus on growth, marketing and finances this time of year, insurance and protection can easily get pushed to the bottom of the list.

At Jones Taylor Steven Ltd, they regularly speak to businesses that have changed significantly over the last 12 months who haven’t reviewed whether their cover still reflects where the business is today.

Spring is a good opportunity to take stock and make sure everything still fits properly.

Has Anything Changed in the Last Year?

For many businesses, the answer is usually yes.

Maybe the team has grown, new equipment has been bought, turnover has increased, or the business has moved into a different space. Even smaller changes can sometimes affect the level of cover needed.

JTS work with businesses across a wide range of sectors, helping them review what they currently have in place and whether it still makes sense for how they operate now.

The Risk of Being Underinsured

One thing that catches many businesses out is underinsurance.

With rising costs across materials, stock, property and equipment, cover that looked fine a couple of years ago may no longer be enough today. Unfortunately, many business owners only realise this when they need to make a claim.

That’s why regular reviews matter. JTS help businesses spot any gaps early and avoid unnecessary surprises later down the line.

New Risks Are Always Emerging

Business has changed a lot in recent years, especially with more reliance on technology, online systems and flexible working.

Cyber risks, data protection and business interruption are all areas more businesses are having to think about, even smaller ones.

Rather than overcomplicating things, JTS takes a straightforward approach, helping clients understand what they actually need without the jargon.

A Good Time for a Fresh Look

Reviewing insurance probably isn’t the most exciting job on the list, but it can be one of the most important.

A simple conversation now could help make sure your business is properly protected for the year ahead, leaving you free to focus on running and growing the business with confidence.