Nova Insurance

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Nova Insurance

An independent broker specialising in business and commercial insurance, with a 27 year history

Welcome to Nova Insurance

Nova Insurance deliver a friendly, efficient and professional service from a long established company. We are dedicated to providing you with the most competitive quotation and we offer a variety of flexible payment methods. Our high standard of service will remain constant throughout the policy term, ensuring that your renewal is at an equally competive premium

03/09/2026

Directors’ Liability: Personal Risk Is Often Overlooked
Many directors assume:
“The business is insured. I’m fine.”

Not always.

Regulatory investigations, employment disputes, and shareholder claims can become personal.
D&O insurance isn’t dramatic.
It’s protective.

Directors make decisions daily.
Not all of them are risk-free.

👉 Do you know where business liability ends and personal liability begins?

01/09/2026

Professional Indemnity: It’s Not Just for Consultants
If your business:
➡️ Advises
➡️ Designs
➡️ Recommends
➡️ Signs off work

You carry professional risk.
PI claims often arise from:

🚩 Misunderstood expectations
🚩 Scope creep
🚩 Contract wording

It’s rarely about obvious mistakes.
It’s about disagreement.
👉 Does your role include advice in ways you might not label as “consulting”?

28/08/2026

Retail Client: Better Protection, Lower Cost
A growing retailer assumed rising premiums were “just the market.”

We reviewed:
➡️ Stock valuations
➡️ Business interruption basis
➡️ Policy duplication

Result:

✅ Clearer cover
✅ Corrected exposure
✅ Reduced annual premium

Cheaper wasn’t the aim. Better structured was.
Savings followed.
👉 Do you review structure -or just the premium — at renewal?

27/08/2026

Business Interruption: The Cover Most People Misunderstand

Business interruption doesn’t just replace lost income.

It relies on:
✅ Accurate turnover declarations
✅ Correct indemnity periods
✅ Realistic gross profit calculations

Too short? You run out of protection.
Too low? You absorb the loss.

It’s not about buying BI cover.
It’s about structuring it properly.
👉 If your premises closed tomorrow, how long would recovery really take?

25/08/2026

Retailers: Stock Values Are Quietly Creeping Up
Inflation has done something subtle but dangerous.
Stock values have increased.

The sum insured often hasn’t. ❌

Underinsurance in retail can mean:

• Reduced claim settlements
• Delays
• Cash flow pressure after loss

Business interruption is only as strong as the numbers behind it.
Retail margins are tight enough without surprises.

👉 Have your stock values been reviewed in the last 12 months?

21/08/2026

A Construction Review That Paid Off
Renewal looked “fine.” It wasn’t.

Turnover up 40%.
Subcontractor split changed.
Tools cover untouched for years.

Restructured before renewal. No drama. No disputes.

Real value is preventative.

👉 Does your policy reflect today’s reality?

20/08/2026

Contractual Risk: Where Construction Businesses Get Caught Out
Many firms sign contracts assuming - “Our insurance will cover that.”

Sometimes it won’t.

Indemnity clauses, height restrictions, heat work exclusions —
small wording differences can mean big consequences.

Insurance should be reviewed before contracts are signed.
Not after a claim lands.

Protection isn’t just about buying cover.
It’s about aligning it with the agreements you enter into.

👉 Do you review insurance before signing major contracts — or after?

18/08/2026

Construction Insurance: 3 Gaps We See Too Often

Construction businesses move fast.
Insurance sometimes doesn’t.

We regularly uncover:
❌ Labour-only subcontractors not properly declared
❌ Contract conditions that override policy terms
❌ Plant & tools underinsured

The issue isn’t negligence.
It’s complexity.
Construction contracts can transfer risk faster than most realise.

If your cover doesn’t reflect how you actually operate on-site, that’s exposure.

👉 When did you last review your insurance against your current contracts?

14/08/2026

How a Simple Review Prevented a Costly Problem
A routine policy review highlighted:

➡️ Outdated values
➡️ Incorrect business description
➡️ A potential claim exclusion

We fixed it before renewal.
Sometimes the biggest win is the claim that never happens.

👉 When did you last spot a problem before it became expensive?

Address

3 Redwing Court Business Centre
Romford
RM38QQ

Website

http://www.nova-insurance.com/

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