An accurate valuation is king
It is the Director’s role to take care of a company’s and its shareholders’ business assets – including a declaration to Insurers as to the correct sums for which all tangible assets should be covered. In order to avoid the potentially disastrous consequences of under-insurance, this must be correct – the responsibility for which can be passed to a professional Valuer.
Insurance Valuers themselves need Professional Indemnity cover. In the case of UK companies with production facilities overseas the Valuer may also require other cover plus travel insurance, visas and inoculation certificates.