You might have often been educated on the importance of collecting all of the right insurances for your business activities. Still, what might not be so clear-cut to you is whether this importance is prone to seasonal changes. Will you need to readjust your insurance palette as winter approaches?
To put the matter succinctly, the answer is a probable yes. It’s largely based on how you might need to shift your working habits as many of the common signs of winter take effect.
Winter is coming – but is the custom coming, too?
There are many examples of businesses which can see their stream of custom fluctuate with the changing seasons, though exactly how this custom is affected can depend on the industry. It’s obvious why operators of vacation cottages can see their bookings dry up after summer.
Similarly, businesses responsible for removing snow blatantly have much less snow to remove during the summer months, when providers of lawn care services could rise in popularity.
For some companies, the differences in their activity from summer to winter can be so stark that, during the off-season, they will opt to drastically scale back their operations or close down completely, Inc. notes. However, for your own firm, such dramatic shifts might be unnecessary.
Seasonal implications for insurance urgency
In your own case, it might be more accurate to say that demand for your products or services simply takes a slight albeit noticeable dip. The My Home Extension website warns visitors that, as having a residential extension built is more practical in summer, builders can be scarcer in availability then.
It stands to reason, then, that their more bustling activity during the summer can, for builders, strengthen the importance of public liability insurance. This insurance can help them to withstand compensating third parties who are accidentally inconvenienced due to the builder’s work.
However, it’s far from the sole kind of builders insurance which should be taken into account, whatever the season. Fortunately, it’s possible for builders to gather multiple covers automatically alongside public liability, with the UK-based insurance provider Tradesman Saver allowing for this.
The UK’s tradesmen and professionals can phone this provider on 0800 121 8748 to learn more about how they could benefit.
Home is where the work is?
One possible consequence of winter’s arrival is that, as heavy snow accumulates in the streets and wreaks havoc on the public’s usual commuting patterns, you choose to start working from home. You could switch to freelance working or just stay at home briefly with your employer’s permission.
Either way, the validity of your home insurance could be affected due to your residence’s new purpose as a workplace. The Mirror indicates various ways how this can happen.
Therefore, you would run the risk of being denied an insurance payout just when you really need it. Reassuringly, you might only need to notify your insurer once by phone to ensure that your home cover is suitably tweaked. You might be limited to “clerical work” with no effect on your premiums.