Blog - Readhunt

The Manufacturing Insurance Gap That Can Stop Production Overnight

The assumption that catches manufacturers out with their manufacturing insurance

Ask most manufacturing business owners if their premises and equipment are insured, and they’ll say yes. What fewer realise is that their standard commercial property policy likely does not cover the risk that poses the greatest operational threat to their business – machinery breaking down.

It’s a common and costly misconception. Standard property insurance covers external events: fire, flood, storm, theft. It does not cover internal mechanical failure, electrical faults, or operator error. For a business whose entire output depends on production equipment running reliably, that’s a significant gap.

What machinery breakdown insurance actually covers

Machinery breakdown insurance – sometimes arranged as engineering breakdown cover – is designed for sudden and unforeseen failure of plant and equipment. That includes mechanical and electrical faults, motor and drive failures, control panel damage, and in many cases operator error.

Critically, the repair cost is only part of the picture. Cover for the repair of the machine is only half the solution – the associated business interruption cover is often the more important element, kicking in to cover the financial loss resulting from downtime, including increased costs of working such as outsourcing, hiring replacement machinery, or paying overtime to clear backlogs once repairs are complete.

For manufacturers operating to tight delivery schedules, this matters enormously. A critical machine down for two or three weeks doesn’t just cost the repair – it costs missed delivery slots, potential customer penalties, emergency outsourcing, and in some cases permanent damage to client relationships.

The indemnity period problem

One of the most common mistakes we see when reviewing manufacturing insurance programmes is an indemnity period that’s too short. The indemnity period is the length of time the insurer will pay for business interruption following a covered event. Many manufacturers set it at 12 months without considering how long a genuine worst-case scenario would take to fully recover from.

For businesses that depend on specialist machinery with long lead times for parts or replacement – which describes a significant proportion of UK manufacturers – an indemnity period of 18 or 24 months is often more appropriate. Setting it too short means cover runs out before the business has fully recovered, leaving the gap to be absorbed internally.

Product liability: the long tail most manufacturers underestimate

Beyond machinery and property, product liability is the other area where manufacturing businesses frequently carry more risk than they realise.

If a product you manufacture causes injury, property damage, or financial loss to a third party – whether a direct customer or an end user further down the supply chain – you can be held liable. Product liability claims can arise years after the product left your facility, involve multiple parties, and generate legal costs well before any compensation is determined. The financial exposure can be substantial, particularly for manufacturers supplying safety-related products, food and drink, industrial equipment, or components used in high-risk applications.

It’s also worth checking that your product liability limits are appropriate for the contracts you’re working under. Larger clients increasingly specify minimum liability limits as a condition of supply – being underinsured here can affect your ability to retain or win business.

A complete manufacturing insurance programme

A well-structured programme for a UK manufacturer should typically include public liability, employers’ liability, product liability, material damage to premises and stock, machinery breakdown, business interruption with an appropriate indemnity period, and goods in transit for finished product and raw materials. Depending on the nature of the operation, additional covers – cyber liability, management liability, engineering inspection – may also be relevant.

At Readhunt, we take the time to understand how a manufacturing business actually operates before recommending cover – the production processes, the critical assets, the contractual obligations, the supply chain. Generic policies rarely fit manufacturing well. Tailored ones do.

If you’d like an honest review of your current manufacturing insurance programme, call us on 01709 278178 or visit readhunt.co.uk

Haulage Insurance: Why Fleet Cover Alone Isn’t Enough

The assumption that catches hauliers out

All haulage businesses carry insurance. What few realise is that their cover may not respond to some of their most significant exposures.

The most common misunderstanding is simple but costly: fleet insurance and goods in transit insurance are entirely separate products. One does not cover the gap left by the other.

Fleet insurance vs goods in transit

Motor fleet insurance covers your vehicles – damage, theft, and third-party liability as a road user. It does not cover the cargo inside them.

Goods in transit insurance covers your liability as a carrier. The moment you accept a load, you take on legal responsibility for it. If goods are lost, damaged, or stolen during transit, your client can hold you liable – and standard fleet cover will not respond to that claim.

Your goods in transit policy also needs to reflect the actual value of loads you carry. A default limit that bears no relation to your typical consignments is a risk in itself.

What else a haulage business needs

A complete haulage insurance programme should also cover:

Employers’ liability – a legal requirement if you employ drivers or staff
Public liability – for incidents at your depot, during loading, or away from the road
Premises and contents – vehicles, equipment, and depot contents overnight
Cyber insurance – increasingly essential if you run telematics or digital logistics platforms

Getting it right matters

Haulage insurance is a specialist area. The conditions under which goods are carried – RHA or CMR – affect how liability is allocated and how a policy must be structured. A policy that technically exists but doesn’t respond when needed offers no real protection.

At Readhunt, we’ve worked with haulage businesses for over 20 years. We review the full picture: vehicles, cargo, operations, premises, and people – not just the fleet.

If you’d like an honest review of your current cover, call us on 01709 278178 or email us insurance@readhunt.co.uk

Subcontractors and Developers: Does Your Insurance Actually Meet Your Contract Requirements?

Having developer and subcontractor insurance and meeting your obligations aren’t the same thing.

Ask most subcontractors and developers whether they have insurance and the answer is yes. Ask whether it meets the specific requirements of the contracts they’re working under and it gets less certain.

JCT and NEC contracts contain detailed insurance clauses – minimum liability limits, required policy types, obligations that flow down the supply chain. Not knowing what those requirements are, or carrying cover that falls short, creates exposure that sits quietly until a claim forces it into the open.

What subcontractors need to know:

Public liability limits must match your main contractor’s. If you hold £1 million and your main contractor holds £5 million, and your work causes damage beyond your limit, they will pursue recovery from you for the shortfall. Check the minimum limits specified in your contracts and make sure your cover meets them.

Employers’ liability applies more broadly than many realise. Labour-only subcontractors – those working under your direction, using your materials – are treated as your employees for insurance purposes. If they’re injured on site, the claim falls to your EL policy. Failing to declare them correctly can result in a claim being reduced or declined.

Professional indemnity is increasingly a condition of appointment. Any design element in your scope of work creates PI exposure – design-and-build packages, M&E specification, earthworks design. Many contracts now require PI cover before you start on site. Without it you may be in breach before a tool has been lifted.

What developers need to know:

Contract works cover needs to reflect current build costs. This is the most common gap we find with developer clients. Material costs have risen significantly – a sum insured set two years ago may leave you substantially exposed following a fire, flood, or major site incident.

Latent defects insurance is required by most funders and mortgage lenders. It provides protection against structural issues emerging after practical completion – typically for ten to twelve years – and unlike PI, doesn’t require proof of negligence to respond. Without it, a completed development can be unmortgageable or unsaleable.

Directors’ and officers’ insurance is no longer optional. Under increasing scrutiny from the Building Safety Act and growing regulatory accountability in the built environment, D&O cover protects the individuals behind the business – not just the business itself.

The JCT 2024 transition:

Worth noting for 2026: the JCT 2016 suite was formally withdrawn from sale on 31 March 2026. All new procurement activity now falls under JCT 2024, which contains updated insurance and risk allocation provisions. If you’re moving onto new projects this year, now is the right time to check your programme is aligned to the new contract forms.

We take the time to understand what you actually need:

At Readhunt, we don’t hand over a policy and move on. We work with subcontractors and developers to understand the contracts they operate under and the obligations those contracts carry – then build an insurance programme that genuinely meets them.

It’s a conversation worth having before a claim makes it necessary.

Call 01709 278178 or email us insurance@readhunt.co.uk

5 Most Common Insurance Claims Facing UK SMEs

When businesses think about risk, they often picture rare, dramatic events. In reality, the insurance claims that hit UK small and medium-sized enterprises hardest are far more ordinary – and far more frequent. Understanding where claims most commonly arise is the first step to making sure your cover is working as hard as your business does.

The 5 Most Common Insurance Claims for UK SMEs

1. Motor Claims

Vehicle-related incidents are among the most frequent insurance claims for businesses that rely on a fleet or company vehicles. This covers everything from minor collisions and third-party damage through to vehicle theft. Whether you run a single van or a multi-vehicle fleet, adequate motor cover protects your mobility and your bottom line.

2. Property Damage

Fires, floods, burst pipes, and accidental damage to premises or equipment can strike any business at any time. Property damage claims can be significant – not just in repair costs, but in lost productivity while operations are disrupted. Ensuring your buildings and contents are accurately valued is critical to a swift recovery.

3. Liability Claims

Liability claims span a wide range: public liability (injuries to customers or third parties), product liability (harm caused by goods you supply), professional indemnity (errors in advice or services), and employers’ liability (workplace injuries to staff). Any of these can lead to costly legal proceedings without the right protection in place.

4. Cyber Incidents

Cyber threats are a growing reality for UK SMEs. Data breaches, ransomware attacks, and phishing scams can cripple operations, damage customer trust, and trigger regulatory penalties. Cyber insurance has moved from a niche product to an essential layer of protection for businesses of all sizes.

5. Business Interruption

When operations grind to a halt – due to a covered loss, a supplier failure, or an unexpected disruption – the financial consequences can mount quickly. Business interruption insurance replaces lost income during downtime, giving you the breathing room to recover without draining your reserves.

Why the Right Cover Changes Everything

Having insurance is one thing – having insurance that actually fits your business is another.

When your cover is tailored to your specific operations, sector, and risk profile, claims become manageable rather than catastrophic. The right policy means:

No coverage gaps that slow down or complicate your claim
Faster recovery because your insurer understands your business
Less stress when incidents occur, so you can focus on getting back to work

How Readhunt Helps UK SMEs Stay Protected

At Readhunt, we combine sector-specific expertise with efficient claims management. From construction and logistics to manufacturing and engineering, we guide SMEs through every step of the process – making claims smoother, faster, and less disruptive.

We don’t believe in one-size-fits-all policies. We take the time to understand your operations, your sector risks, and your exposures, so you’re never over-insured, under-insured, or caught out.

Tailored solutions. Appropriate insurance. Expert claims support. That’s how SMEs stay resilient.

If you need to review your coverage, contact us on 01709 278178 or email us info@readhunt.co.uk

Readhunt Celebrates Achieving Lloyd’s Broker Registration

At Readhunt, our priority is always to provide insurance solutions that truly fit your business. That’s why we’re excited to share that we have secured Lloyd’s Broker registration. This positions Readhunt among a unique group of UK brokers with direct access to one of the world’s leading insurance and reinsurance markets. It supports the company’s commitment to securing tailored, streamlined and cost effective solutions for each client via specialist insurers, markets and underwriters.

What Our Lloyd’s Broker Registration Means for Your Business

Access to specialist insurance solutions not always available in the standard market
More flexibility in policy terms, limits, and wordings
Stronger support for complex, growing, or hard-to-place risks
Greater negotiating power at renewal
Bespoke solutions that evolve as your business grows

Most importantly, nothing becomes more complicated for you – but more options become available. Our role remains the same: to make sure your cover fits your business, now and in the future.

Sector-Specific Benefits

Construction & Property

Construction, property development, and infrastructure projects often require higher limits, contractual liability coverage, or cover for unique exposures. With Lloyd’s market access, we can provide:

Bespoke programmes for complex or high-risk projects
Flexible cover for fire, cladding, or multi-site developments
Tailored contractual liability and indemnity solutions

Haulage & Logistics

Transporting goods across the UK and internationally comes with unique challenges from temperature-controlled loads to hazardous materials. Benefits include:

Specialist underwriting for complex goods-in-transit and haulage risks
Flexible structures for premium control
Coverage options when claims history or risk profile limits standard markets

Manufacturing & Engineering

Manufacturers and engineers face operational, product, and machinery risks that often go beyond standard policies. With Lloyd’s access, we can offer:

Broader machinery breakdown and business interruption cover
Enhanced product liability protection
Tailored solutions for export and international operations

Technology, Cyber & Professional Services

Fast-moving sectors like technology and professional services need cover that evolves with them. We can now provide:

Specialist cyber and professional indemnity solutions
Flexible terms and limits for emerging risks
Even stronger incident response and claims support

What does this deliver in practice?

Lloyd’s market access and our Lloyd’s Broker status doesn’t make insurance more complicated for our clients – it simply gives Readhunt more tools to protect your business. From complex construction projects to fast-growing tech firms, or international exporters, we can now provide solutions that are better tailored, more flexible, and more robust, whatever your risk profile.

At Readhunt, we continue to make insurance straightforward, reliable, and effective – with the reassurance of Lloyd’s market expertise whenever it’s needed.

How UK SMEs Can Protect Against Supply Chain Disruptions in 2026

Supply chain disruptions are no longer a “nice-to-think-about” risk – for UK SMEs and larger businesses, they can directly impact revenue, project deadlines, and client relationships. From supplier delays to cyber risks, even small problems can escalate quickly.

For businesses in construction, manufacturing, logistics, and engineering particularly, having the right protection in place is essential.

Why Supply Chain Disruptions Matter for SMEs

UK businesses face several common supply chain challenges:

Supplier Issues: Relying on a few key suppliers creates vulnerability. If one fails, the ripple effect can hit your business hard.
Delivery Delays: Logistics problems, customs delays, and transport disruptions can affect project timelines.
Cyber Threats: A supplier or partner experiencing a cyber breach can impact your operations or client data.
Regulatory Pressures: New procurement, traceability, and compliance rules add extra complexity.

Even with careful planning, businesses often underestimate the financial and operational impact of these risks.

Practical Steps to Reduce Supply Chain Disruption

1. Map Your Entire Supply Chain
Know who your suppliers are – including second and third tiers. Visibility is the first step to managing risk effectively.

2. Diversify Your Suppliers
Work with multiple suppliers or regional partners to reduce dependency on a single source.

3. Monitor Supplier Performance
Track delivery times, quality, and compliance. Early detection of issues helps prevent larger disruptions.

4. Protect Your Business with Insurance
No plan is complete without insurance. At Readhunt we offer tailored solutions to cover the financial impact of supply chain disruption:

Business Interruption Insurance: Covers lost income if suppliers or deliveries fail.
Contingent Supplier Cover: Protects against problems caused by key suppliers.
Cyber Insurance: Guards against data breaches in your business or partners.
Sector-Specific Solutions: Tailored cover for construction, logistics, manufacturing, and engineering.

How Readhunt Can Help

We specialise in risk management and insurance solutions for SMEs and large businesses. We combine deep sector knowledge with practical insurance expertise to protect your business from the unexpected.

By working with us, you can:

Identify supply chain vulnerabilities.
Select insurance that fits your business needs.
Minimise financial and operational impact from disruptions.

Take Action Today

Supply chain disruption is real – and it’s happening now. Planning, monitoring, and the right insurance coverage give your business the confidence to operate without unnecessary interruptions.

Contact us for a specialist review of your supply chain risks and insurance solutions: info@readhunt.co.uk or call us on 01709 278178

Meet the Team: Laura Barker – Growing with Readhunt

Laura Barker’s career at Readhunt is a true example of progression, consistency, and commitment. Born and raised in Barnsley, Laura joined Readhunt straight from school in September 2014 at just 16 years old – and nearly 12 years later, she’s now our Trading Manager.

Starting as an office junior apprentice, Laura supported the team with day-to-day admin, post, and general office duties. From those early foundations, she steadily built her career within the business, progressing into an Account Handler role and now leading the trading function while continuing to manage her own client renewals and new business.

“Starting at the very bottom and working my way up has taken a lot of determination, effort, and consistency.”

Building knowledge and experience

Laura has developed her career entirely within insurance, gaining hands-on experience alongside professional qualifications. She achieved her Cert CII qualification in early 2020, alongside Level 2 qualifications in Business Administration and Customer Service, building the technical and customer-focused skillset she brings to her role today.

With particular expertise in Commercial Motor Insurance, Laura plays a key role in managing major group commercial clients, overseeing renewals, supporting new business, and maintaining strong relationships with both clients and insurers. In late 2024, she also took on responsibility for company accounts, further broadening her role within the business.

Leading by example

As Trading Manager, Laura is responsible for managing the team, allocating workloads, and supporting colleagues – all while remaining closely involved in the work herself. Known for her approachable nature and highly organised working style, she believes effective leadership comes from understanding every role within the team.

“I always make sure I can still do the tasks I now delegate – it helps me lead more effectively and appreciate the effort behind every job.”

Laura describes herself as competitive, reliable, and hard-working, while colleagues often describe her as knowledgeable, kind, and organised. Her ability to adapt has been key throughout nearly 12 years of changes within the office, the team, and the wider insurance industry.

A standout moment in Laura’s journey was winning the Secret Weapon Award, recognising her contribution to the business and boosting her confidence as she stepped into her Trading Manager role.

What success means to Laura

For Laura, success is simple – enjoying what you do.

“I genuinely enjoy coming to work and the challenges I face every day. That enjoyment drives my performance and progression.”

Her vision is to continue growing, adding value to Readhunt, and pushing herself toward new challenges. Laura doesn’t believe in standing still – once one goal is achieved, she’s already focused on the next.

Life outside the office

Outside of work, Laura enjoys hiking with her partner, family, and friends, having already completed Snowdon and Scafell Pike, with Ben Nevis next on the list. She’s also a Sheffield Steelers season ticket holder, enjoys socialising over food and drinks, and is currently renovating her first home. Recently, she’s returned to running – hoping to rediscover the fitness levels she had competing in cross-country as a teenager.

Looking ahead

Looking to the future, Laura believes Readhunt’s continued success lies in strong teamwork, continuous learning, and outstanding customer relationships. Her values closely align with those of her colleagues: providing exceptional service, building genuine long-term relationships, and always being there when clients need support.

Laura’s journey is a clear example of how dedication, consistency, and passion can shape a successful career – and we’re proud to have her as such an integral part of the Readhunt team.

Case Study: Cutting Insurance Costs in the Waste & Recycling Sector

Sector: Waste & Recycling
Turnover: £50m+
Profile: Large, independent operator

The waste and recycling sector remains one of the most challenging classes of business for insurers. Market appetite is limited, claims frequency is closely scrutinised, and premium pressure has become the norm – regardless of individual risk quality.

This was the position facing one of our clients: a large, well-run waste and recycling business with strong operational controls, yet premiums had increased year-on-year for over five years. The issue wasn’t performance – it was sector perception.

The Challenge

Despite maintaining good risk standards, the client was experiencing:

Sustained premium increases driven by market sentiment
Limited insurer appetite within the sector
Rising scrutiny of third-party motor claims
Little recognition of their actual risk quality

They needed more than a renewal-only negotiation – they needed a proactive, year-round strategy.

Our Approach

At Readhunt, we believe effective insurance outcomes are built between renewals, not just at them. We worked closely with the client throughout the policy year, focusing on two key areas: claims control and risk representation.

Active Claims Management

We implemented tighter control of all claims, with particular emphasis on third-party motor incidents – a critical loss driver in the sector.

This included:

Early intervention on claims
Regular insurer reviews
Active challenge of reserves where appropriate
Ongoing monitoring to prevent escalation

By managing claims proactively, rather than reactively, we were able to demonstrate genuine improvement in loss performance.

Proactive Risk Management & Insurer Engagement

Alongside claims control, we focused on ensuring the business was accurately and fairly represented to insurers.

We:

Arranged and attended all insurer risk surveys
Worked directly with insurers and surveyors to ensure site risks were properly understood
Supported the client in managing and evidencing post-survey actions
Demonstrated continuous improvement, not one-off fixes

This hands-on involvement helped build insurer confidence and credibility throughout the year.

The Result

Just over 19% reduction in annual premium costs
Improved insurer confidence in the risk
Premium levels stabilised in a restrictive market
No compromise on cover quality

By actively managing claims and engaging insurers throughout the policy year – not just at renewal – we repositioned the business as a well-controlled, high-quality risk, delivering meaningful and sustainable savings.

Why This Matters

In challenging sectors like waste and recycling, insurance outcomes are rarely improved through last-minute negotiations alone.

They are achieved through:

Year-round engagement
Clear risk representation
Proactive claims management
Strong insurer relationships

At Readhunt, this is how we help clients move beyond market pressure – and take back control.

Flood Risk in the UK: Is Your Business Properly Protected?

Flood risk in the UK is on the rise. Recent weather patterns have once again highlighted the escalating consequences of flooding to businesses across the country. From prolonged heavy rainfall to sudden surface water flooding, extreme and persistent weather events are becoming more frequent – and more severe.

For many UK businesses, flooding is not just a property issue. It can mean:

Business interruption
Loss of stock and equipment
Damage to premises
Inability to trade for weeks or months
Long-term reputational and financial impact

Even businesses not located directly next to rivers or coastlines can be affected. Surface water flooding and overwhelmed drainage systems now present a growing risk in urban and suburban areas.

The Rising Flood Challenge for UK Businesses

Climate trends suggest that intense rainfall events are becoming more common. Areas previously considered “low risk” are now experiencing unexpected flooding.

For business owners, this creates three key concerns:

Availability of cover – Some insurers may restrict or exclude flood protection in higher-risk postcodes.
Increased premiums and excesses – Particularly in repeat-claim areas.
Policy gaps – Flood may be included, but business interruption limits may not reflect realistic recovery times.

Flood risk isn’t just about whether your building floods – it’s about whether your policy is structured correctly if it does.

How Readhunt Supports Businesses in Flood-Prone Areas

As an independent corporate insurance broker, Readhunt works closely with businesses operating in or near flood-risk locations.

We can help by:

● Reviewing existing policies to identify flood exclusions or limitations
● Ensuring adequate business interruption indemnity periods
● Accessing specialist markets where standard insurers may decline
● Advising on risk management improvements to support underwriting
● Structuring cover that protects stock, plant, machinery and equipment

Our London Market access allows us to explore solutions beyond standard offerings, particularly where flood exposure is a concern.

Beyond Insurance: Risk Management Matters

Insurers increasingly look for proactive risk management. Simple measures can strengthen your position:

Updated flood risk assessments
Physical flood barriers or airbrick covers
Clear business continuity planning
Off-site data backups
Relocation contingencies

The stronger your risk presentation, the more options we can explore on your behalf.

Is Your Business Prepared?

If your premises are located:

Near rivers, canals or coastal areas
In low-lying or urban drainage zones
Within industrial estates with shared infrastructure
In areas that have experienced flooding in recent years

It may be time for a proactive review.

Flood recovery can take months – but the right insurance structure can make the difference between disruption and survival.

If you would like a confidential review of your flood exposure and current insurance programme, our team are happy to help. Call us on 01709 278178 or email info@readhunt.co.uk.

Cyber Insurance Checklist 2026

Download Cyber Insurance Checklist

In 2025, 43% of UK businesses reported experiencing a cyber security breach or attack according to UK government research. That’s roughly 612,000 businesses. Make sure you’re protected by using our cyber insurance checklist here to see if you need cyber insurance coverage or a review of your existing insurance.

Why Cyber Risk Affects Every Business

Tick all that apply to your business:

☐ You use email for business communication

☐ You store customer, employee or supplier data

☐ You use accounting, payroll, CRM or cloud systems

☐ You accept card or online payments

☐ You rely on IT systems to operate day‑to‑day

☐ You use Microsoft 365, Google Workspace or similar platforms

☐ You have remote or hybrid staff

☐ You work with third‑party IT providers

☐ You have a website or online presence

☐ You could not afford several days of system downtime

☐ You would struggle to recover from a ransomware demand

☐ You are responsible for protecting personal or confidential data

If you have ticked any of the above, your business is exposed to cyber risk.

Cyber crime now affects every business, with SMEs the primary target in 2026. Even a single email account, laptop, cloud login or staff member can be enough to expose a business to attack – no online shop, large customer base or database required.

Top 5 Cyber Risks for UK Businesses

Ransomware attacks locking systems and data
Phishing and impersonation emails, including increasingly convincing AI-driven attacks
Data breaches involving customer or employee information
Cloud system hacks, malware and spyware infections
Supplier and third-party system breaches

Real Consequences Businesses Without Cyber Insurance Can Face:

£10,000–£250,000+ recovery costs
Ransom payments
PR and reputation damage
Closure in severe cases
Business interruption and lost revenue due to loss of customer trust, contract cancellations, potential legal fees and regulartory fines

Many businesses never fully recover from a serious cyber incident without cyber Insurance.

What Cyber Insurance Typically Covers

A comprehensive cyber policy can be tailored to your business with cover from as little as £100.

Why Prevention Alone Is Not Enough

Firewalls, antivirus and training are important – but no system is 100% secure. Even the best‑protected businesses suffer breaches. Cyber insurance ensures that when the worst happens, your business is supported financially, legally and operationally.

What Next?

If you would like a no‑obligation cyber risk review or quotation, our team would be pleased to help.

Cyber threats are evolving every day – make sure your protection evolves with them.

Call us on 01709 278178 or send us at info@readhunt.co.uk

This leaflet is for information only and does not constitute advice or recommendation. Insurance cover is subject to individual circumstances, underwriting and policy terms. ‘Readhunt’ is a trading name of Read Hunt Limited, an independent insurance broker and is authorised and regulated by the Financial Conduct Authority (FRN: 304444).

Strategic Financial Planning for UK SMEs in 2026: How to Support Your Business Through Protection and Finance

As UK businesses look ahead to 2026, many are reassessing how they plan, protect and fund their operations.

The landscape remains challenging. Rising costs, ongoing economic uncertainty, evolving customer expectations and the need to invest carefully all require a more considered, strategic approach.

At Readhunt, we see this every day in our conversations with clients and strategic financial planning for UK SMEs is critical as business costs mount.

Beyond Insurance Alone

Insurance plays a critical role in protecting businesses from risk – but it is only one part of the picture.

Increasingly, successful businesses are thinking about how finance and insurance work together to support stability, flexibility and growth.

Used strategically, finance can help businesses:

Manage cashflow pressures
Invest in equipment or infrastructure
Navigate seasonal trading
Create contingency for uncertainty
Support controlled, sustainable growth

A Shared Approach to Business Support

As part of SRT & Partners, Readhunt works closely with First Business Finance – a specialist asset finance and business funding adviser that shares our people-first values.

Like Readhunt, First Business Finance focuses on:

Understanding the business first
Providing tailored, practical advice
Long-term relationships over short-term transactions
Clear, transparent communication

Together, this allows for more joined-up conversations around risk, funding and planning.

Why a Joined-Up Approach Matters

When insurance and finance are considered together, businesses often benefit from:

Better visibility of risk exposure
Funding structures aligned to real trading patterns
Improved decision-making
Reduced duplication and complexity
More confidence in future planning

It’s not about selling products – it’s about creating clarity.

Looking Ahead

As businesses plan for 2026, now is a sensible time to review not just protection, but also how funding could support your wider strategy.

At Readhunt, our role remains the same:

To provide clear, personal advice that helps businesses focus on what they do best – while knowing they are properly supported behind the scenes.

Who’s Behind Readhunt? Meet Tony Saunders, Our Managing Director

Tony Saunders, Readhunt’s Managing Director, believes in leading by example. At Readhunt, we often get asked: “What makes your approach to insurance different?” The answer is simple — people. We’re a customer-first business, proud of the trusted, long-term relationships we build with every client. Each business we work with has a dedicated insurance advisor who understands their sector, their challenges, and delivers tailored insight and advice that truly fits their business.

This week, we’re putting the spotlight on Tony Saunders, our Managing Director, whose journey reflects the values at the heart of Readhunt.

A Journey Rooted in Experience

Born and raised in Sheffield, Tony started his career in personal lines insurance, becoming a branch manager at just 21. A brief spell in construction allowed him to support his young family, but he returned to insurance at 28, joining Readhunt as a broker. Rising through the ranks, he became a Director in 2013 and proudly stepped into the Managing Director role in 2024.

“When you genuinely enjoy what you do, success follows naturally.”

Vision and Values

Tony’s vision for Readhunt is to continue building a truly independent, service-driven brokerage that puts people first – clients and team alike. His goal is for every client to feel valued, known, and confident that they can always speak to someone who understands their needs.

For him, success isn’t just about growth or numbers – it’s about setting the standard for service, trust, and personal relationships, and extending that people-first approach as the business grows.

Strengths and Leadership Style

Described by colleagues as caring, supportive, and hard-working, Tony is a strong listener who adapts to meet the needs of clients and his team. He believes that strong relationships are the foundation of great service, both internally and externally.

His career has taught him a key lesson: loving what you do provides the drive, resilience, and determination to succeed, no matter the challenges.

Life Beyond Insurance

Outside the office, Tony has been coaching junior football for over 16 years, running a local grassroots club with more than 200 children. He enjoys family life, walking the dog, travel, trying new restaurants, and watching sport. Balancing family and work has been a guiding principle, allowing him to give his best both professionally and personally.

Fun fact: as a child, he thought he wanted to be a barrister – a career path he soon realised wasn’t for him. Instead, he found his true passion in insurance, proving that finding purpose at work makes all the difference.

Looking Ahead

The future of Readhunt is shaped by an unwavering commitment to clients, open and proactive communication, and the personal service that has defined the business since its beginnings. Tony believes that growth should never come at the expense of trust, care, and meaningful client relationships.

At Readhunt, it’s simple: people buy from people. Our clients trust us because our advisors know their sector, understand their needs, and provide insurance advice that truly protects their business. And it’s leaders like Tony who ensure that every interaction is personal, informed, and service-driven.

If you would like to know more about Readhunt or have a corporate insurance need, speak to Tony on 01709 278 178.

Why UK SMEs Should Review Their Corporate Insurance Today

UK SMEs should review their corporate insurance – and the new year provides the perfect opportunity to take stock, reset priorities and reduce unnecessary risks. While many businesses review budgets, staffing and growth plans in January, insurance is often overlooked – even though it plays a critical role in protecting cash flow, reputation and long‑term resilience.

At Readhunt, we regularly see businesses that are either under‑insured, leaving them exposed to serious financial loss, or over‑insured, paying for cover they simply don’t need. A New Year business risk audit helps ensure your insurance works as hard as your business does.

Why reviewing your insurance matters

Your business rarely stands still – and neither should your insurance. Changes over the past 12–24 months can significantly impact whether your cover is still appropriate, including:

Growth in turnover or headcount
New contracts, clients or suppliers
Additional vehicles or equipment
Changes to premises or remote working
Increased reliance on digital systems and data

If your policy hasn’t kept pace, you may discover gaps in cover only when you need it most.

Under‑insured, over‑insured – or just right?

Under‑insurance: a hidden risk

Many SMEs underestimate the true value of their assets, liabilities or professional exposure. Under‑insurance can result in:

Claims not being paid in full
Reduced settlements due to average clauses
Unexpected cash flow pressure after a loss
Reputational damage if claims can’t be met

Over‑insurance: paying more than necessary

Over‑insurance is equally common. Businesses often continue paying for cover that no longer reflects their operations, such as excess limits, duplicated policies or outdated asset values. The result? Higher premiums with no added protection.

A structured audit helps strike the right balance – ensuring you’re protected without overpaying.

How the right insurance saves money long term

Insurance isn’t just a regulatory or contractual requirement – it’s a financial strategy.

Well‑structured cover can:

Prevent significant out‑of‑pocket costs following a claim
Reduce downtime after property or cyber incidents
Protect directors and professionals from personal liability
Improve lender, investor and client confidence
Support business continuity during unexpected events

In short, the cost of inadequate insurance is often far greater than the premium saved.

Key areas to review in your 2026 risk audit

At Readhunt, our audits focus on the risks that matter most to UK SMEs, including:

Commercial insurance – ensuring your overall business risks are accurately reflected
Commercial motor – fleet size, usage, driver exposure and claims trends
Property & liability – buildings, contents, employers’ and public liability
Professional indemnity – advice, services and contractual exposures
Cyber insurance – data protection, ransomware, business interruption and regulatory risk

Each area is reviewed in the context of how your business actually operates today – not how it looked years ago.

Make insurance part of your New Year business strategy

A New Year business risk audit doesn’t have to be complicated or time‑consuming. It’s a practical conversation that can uncover cost savings, reduce risk and provide peace of mind as you move into the year ahead.

Now is the ideal time to check whether your insurance is still fit for purpose.

Speak to Readhunt

If you’re a UK SME and haven’t reviewed your insurance recently, get in touch with Readhunt to arrange a New Year business risk audit. We’ll help ensure you’re properly protected – without paying more than you need to.

Contact us today to start the year with confidence:

T: 01709 278178

E: info@readhunt.co.uk

Why Are Over 70% of UK Properties Underinsured?

Underinsurance is one of the most common – and most costly – issues we uncover when reviewing clients’ policies. Recent industry data shows that over 70% of UK commercial and residential properties are underinsured – in some cases for as little as 60% of their rebuild value.

What does this mean? The amount they’re covered for will be less than the true cost to rebuild. Simply put, more than 7 in 10 UK properties – commercial and residential – don’t have enough cover.

For businesses, landlords and homeowners, underinsurance can turn a serious incident into a financially devastating one.

What Does Underinsurance Mean?

Buildings insurance should cover the full rebuild cost of the property – not its market value. The rebuild cost includes:

Materials and labour
Professional fees
Demolition and site clearance
External works, outbuildings and access

If your sum insured is set lower than this total, your property is underinsured, even if you believe the figure “sounds about right”.

Why It’s Such a Widespread Problem

Several factors are driving the scale of underinsurance across the UK:

Rebuild costs have risen sharply – Labour and material prices have increased significantly in recent years. Many policies have not kept pace with these changes.
Market value confusion – Owners often insure their property based on what it would sell for, rather than what it would cost to rebuild from scratch. These figures are rarely the same.
Renovations and improvements – Extensions, refurbishments and new equipment can increase the rebuild cost – but the policy isn’t always updated to reflect these changes.
Auto-renewals – Some companies have policies that are renewed without reviewing the sums insured, allowing a small gap to grow into a major exposure over time.

The Impact at Claim Stage

If a property is underinsured, insurers may apply the Average Clause. This allows the insurer to reduce the claim payout in proportion to the amount of underinsurance – even for a partial loss.

For example:

True rebuild cost: £1,000,000
Insured for: £600,000
Underinsured by: 40%

A £200,000 claim might only result in a £120,000 payout, leaving the owner to cover the £80,000 shortfall.

For many businesses, this gap can be financially devastating.

How to Check If You’re at Risk

Most insurance policies contain a condition for an up to date professional rebuild valuation carried out often within the last 3 years. Failure to have one invariably delays claims and could impact the amount that can be claimed.

Consider when your buildings sum insured was last reviewed properly – if it’s been several years or if you have made changes to the property, it’s time to reassess.
A professional rebuild assessment tool – such as Rebuild Cost Assessment can offer an accurate, up-to-date figure. The assessments take into account construction type, location, building complexity, outbuildings and today’s reinstatement costs.

Regular reviews every 3–5 years, with adjustments at renewal where needed, are now widely recommended across the industry.

How Readhunt Can Help

As an independent corporate insurance broker, our role is to ensure your cover genuinely protects you.

We support clients by:

Reviewing existing buildings sums insured
Identifying potential underinsurance risks
Arranging professional rebuild cost assessments
Working with insurers to ensure cover aligns with true rebuild values, whether underinsured or overinsured, neither benefits business owners.
Advising on business interruption sums insured as part of a complete protection review

Our focus is on clarity, accuracy and good value when it comes to your policy, ensuring that should the worst happen, your policy responds fully.

Is It Time to Review Your Sums Insured?

If you’re a business owner, landlord or property manager and would like to check whether your properties are valued correctly, our team is here to help.

A quick conversation can highlight whether a reassessment is worthwhile – and potentially prevent major issues later.

Get in touch with the Readhunt team here to arrange a review or discuss concerns about underinsurance.

Cyber Insurance: Why It Matters More Than Ever for Small and Medium-Sized Businesses

Cybercrime has increased sharply over the past year, affecting organisations of every size and sector. While high-profile incidents involving well-known brands often dominate the headlines, the reality is that smaller businesses are now some of the most frequent targets. Many attackers deliberately focus on SMEs because they often lack the resources, time or in-house expertise to manage cyber risk as effectively as large businesses and corporations.

At Readhunt, we are seeing more clients ask how they can better protect themselves – not only from the financial consequences of an attack but also from the operational disruption that follows. That is why we have been working closely with insurers to develop accessible and affordable cyber-protection options tailored to the needs of smaller organisations.

Why Smaller Businesses Are Being Targeted

Cybercriminals increasingly view SMEs as easier targets. Many rely on online banking, email, websites, customer databases or cloud software to run their business – yet underestimate how vulnerable these systems can be. Common risks include:

Phishing emails used to steal passwords or financial information
Ransomware attacks that lock systems until a payment is made
Business email compromise, leading to fraudulent invoices or payments
Data breaches exposing customer or employee information

Even a relatively minor cyber incident can lead to costly downtime, reputational damage and significant financial loss. For SMEs, the impact can be particularly severe.

What Cyber Insurance Can Offer

Cyber insurance is designed to support businesses before, during and after an incident. Modern policies typically cover:

Financial losses from business interruption
Ransomware and extortion costs (subject to insurer conditions)
Data recovery and system restoration
Legal, regulatory and notification expenses if personal data is compromised
Access to specialist incident-response teams
Forensic IT support to identify how the attack happened

Importantly, cyber insurance is no longer just for large corporates. Insurers now offer scaled, flexible options designed specifically for smaller firms.

Affordable Cover Designed for Your Risk Profile

Although cyber-insurance premiums have risen across the market, we have worked with leading insurers to create a range of products that offer meaningful protection at accessible price points.

Policies start from under £100, depending on your business activities and the level of cover selected. The application process is intentionally straightforward:

Answer a short set of questions about your business,
Review the available cover options,
Choose the level that best matches your risk and budget.

This ensures you are not paying for unnecessary features while still protecting your business from the most common threats.

Taking a Proactive Approach

Cyber risk cannot be eliminated, but the combination of basic security measures and a well-designed insurance policy can significantly reduce the impact of an incident.

For many SMEs, cyber insurance has become an essential part of resilience planning – providing a safety net at a time when attacks are becoming more frequent and more sophisticated.

How Readhunt Can Help

As an independent broker, we assess your individual risk profile and recommend solutions that offer the right balance of protection and value. Whether you are new to cyber insurance or reviewing an existing policy, we can guide you through the process and highlight what is most relevant for your business.

If you would like to explore cyber-protection options or obtain a quote, please get in touch, info@readhunt.co.uk or call us on 01709 278178 – we’re here to help you safeguard your business in a rapidly changing digital landscape.

What Makes an Expert Insurance Broker?

In today’s evolving risk landscape, the best corporate insurance brokers must do more than source quotes. They must combine deep product knowledge, sector-specific expertise, and strong client advocacy to deliver the right cover at the right price. At Readhunt, this specialist approach defines how we work.

Why Readhunt’s Corporate Insurance Specialists Stand Apart

With an exceptional renewal retention rate of nearly 98% – more than 10% above the industry average – it’s natural to ask what sets Readhunt’s corporate insurance brokers apart.

Readhunt is recognised as a leading provider of corporate insurance for SMEs. But what truly makes an expert broker, and why do so many businesses across construction, haulage, manufacturing, logistics and engineering choose Readhunt?

Our Role: Independent, Client-Focused Insurance Advice

At Readhunt, our brokers act solely as trusted, independent advisers. We advocate for our clients – not insurers – throughout the entire policy lifecycle. From initial consultation to claim resolution, our advisers become long-term risk partners, guiding SMEs throughout their policy term with expert advice, transparent communication and proactive support.

Specialisms That Matter

Our sector focus ensures we understand the pressures, risks and regulatory demands influencing your business – allowing us to build insurance solutions that genuinely fit.

Construction – from contractors and specialist trades to large construction firms requiring robust liability and contract-specific cover
Haulage & Transport – including fleet insurance, goods-in-transit solutions
Manufacturing – protection against operational risks, machinery breakdown, business interruption and supply chain exposures
Logistics – tailored policies for storage, distribution, fleet operations and third-party liabilities
Engineering – specialist cover for design, installation, mechanical, electrical and technical engineering operations

Expertise That Delivers Real Value

We understand that different industries face different risks. That’s why our team includes specialist brokers with deep experience in:

Comprehensive policy knowledge – ensuring clients always access the most suitable, up-to-date and cost-effective cover
Strong market access and negotiation – leveraging relationships with a wide range of insurers to secure the best possible terms
Unbiased, transparent advice – because we’re independent and client-led, not tied to insurer agendas
Proactive relationship management – supporting clients throughout the year with mid-term adjustments, policy reviews, claims assistance and dispute resolution
Dedicated motor claims support – all claims handled by dedicated Readhunt client claims manager, reducing insurer costs and lowering premiums

By blending these strengths with a genuine commitment to client advocacy, Readhunt delivers insurance solutions that protect businesses, assets and people.

Proven Trust, Proven Results

Our clients consistently recognise the value of our personalised service:

“We have been using Readhunt for many years for our company insurance. We have worked with all members of the team and found them all to be very professional, friendly and helpful – so much so that we now use them for our Fleet Insurance, Unit Insurance and Rentals. They are completely transparent with competitive prices. Thanks to all at Readhunt.” TH, Greenfield Joinery

SME Looking for Specialist Corporate Insurance Support?

Whether you operate in construction, haulage, manufacturing, logistics or engineering, Readhunt’s specialist brokers provide expert guidance and tailored protection that grows with your business.

Get in touch via info@readhunt.co.uk to speak with our corporate insurance team today for a free confidential policy review.

Readhunt – Same Approach, New Look

We are excited to introduce our new look and feel.

So why did we need a refresh? We are now part of SRT & Partners, a holding company owning industry leading commercial insurance and finance businesses. This exciting milestone in our journey is delivering huge opportunities to our clients with a growing range of solutions and services with the same high quality, expert personal service.

For us, this transformation represents growth, alignment with our parent company’s vision, and a commitment to innovation. Our goal is to create a cohesive experience while maintaining the relationships and personalised service you trust.

What Stays The Same

The quality of our service – same trusted people, same ethos
A commitment to deliver expert, tailored advice and bespoke insurance products
Transparent communication and exceptional customer support

What’s New

With our rebrand, you’ll notice updates across:

Visual Identity: A modern logo, updated colour palette, and refreshed digital presence.
Expanded Capabilities: Access to a broader range of insurance products and services through our parent company’s network enabling us to innovate and grow to benefit our clients
Enhanced Tools: New resources designed to help our partners grow and manage risk effectively – we can invest and thrive in a changing market, while protecting and enhancing what makes Readhunt unique.

Looking Ahead

This rebrand marks the beginning of an exciting new chapter. Our mission remains clear: to empower businesses with comprehensive insurance solutions that support long-term success. We are deeply grateful to our clients, partners and staff for their trust and loyalty as we take this next step together.

Join Us on This Journey

Explore our new website and discover how our refreshed brand and expanded services can better support your business. Stay connected with us on LinkedIn for updates, insights, and industry news.

Here’s to a future built on growth, innovation, and strong partnerships.

Navigating Insurance Renewals – A Partnership Journey

Insurance renewals can be an arduous and sometimes complex process. At Readhunt, supporting clients through this renewals journey is a key part of our role. Every business has unique risks and evolving needs – and researching available insurance products can be time consuming and sometimes baffling. Our role is to simplify this process for our clients. Our teams pride themselves on a profound knowledge of available insurance solutions. We ensure every detail is reviewed with care and clarity and reflects our client’s goals and needs. Our client, Daynes Monumental, sums up our approach:

“I have had the pleasure of working with Laura at Readhunt over the last few years. She has always been friendly, knowledgeable, reliable and professional. I used to find renewing various company insurances each year a headache but Laura takes that headache away. She makes the insurance process very easy and stress free for me. I’d not hesitate to recommend her and the company.”

Hellen Daynes, Company Secretary, Daynes Monumental

By combining professional expertise with a friendly, client-first approach, we help UK businesses renew with confidence.

Exploring Supply Chain Disruption Risks for SMEs

In today’s fast-moving economy, small and medium-sized enterprises (SMEs) must deliver products quickly and reliably to stay competitive. Yet fragile supply chains, limited resources, and rising cybersecurity risks can leave businesses vulnerable to costly disruptions. At Readhunt, we understand how these challenges can affect your operations, revenue, and reputation—and that’s where our tailored commercial insurance solutions come in.

Commercial insurance combines multiple protections into one policy—covering everything from property and liability to business interruption—designed to safeguard your company’s assets and financial health. As specialist B2B insurance brokers, we take the time to understand your unique risk profile, conducting an in-depth review to identify potential vulnerabilities within your supply chain and beyond. Your dedicated account manager will then help fine-tune a cost-effective policy that keeps your business secure and resilient.

With the right cover in place, you can focus on what matters most—keeping your business moving forward with confidence.

For more information about our commercial insurance products, contact us info@readhunt.co.uk

Is Sector and Product Expertise Critical in Insurance Broking ?

The insurance world can be complex. Whether you’re a national SME managing multiple sites, staff, vehicles, and digital infrastructure, or a catering company with potential fires in the kitchen, or a construction company building an industrial warehouse, there are multiple risks to consider. Off-the-shelf insurance products may seem convenient, but they often leave businesses either overinsured or facing critical gaps in cover.

At Readhunt, we believe what truly sets us apart is the strength of our relationships with both providers and clients, married with the depth of our expertise. As specialist commercial insurance brokers, we stay at the forefront of a constantly evolving market, monitoring new products and emerging risks to ensure our clients always receive the most comprehensive and competitive protection.

But expertise goes beyond product knowledge – it’s about understanding your business inside and out. That’s why we specialise in key sectors such as Construction, Manufacturing, Haulage, and Logistics, where our team’s in-depth knowledge allows us to anticipate challenges, manage risk effectively, and provide solutions that fit your operations perfectly.

Your dedicated Readhunt advisor will take time to understand your business, identify vulnerabilities, and design a tailored, cost-effective insurance programme that safeguards your assets and supports your long-term goals.

At Readhunt, we don’t just arrange cover, we build trusted partnerships grounded in sector and product insight, professionalism, and genuine care for your business success.

Contact us to explore the right insurance solution for your specific business needs.