Switching broker · Reviews · 2026

Hasn't anyone reviewed your insurance in over a year?

A renewal document arriving in the post is not a review. If nobody has asked what's changed in your business, your cover is running on last year's assumptions.

Part of: When to switch business insurance broker

In short

Businesses change every year — turnover, staff, stock, premises, the work you take on, the contracts you sign. A policy that simply rolls over doesn't know any of that. It keeps the sums insured, limits and activities from whenever it was last properly set up, which is how underinsurance, uncovered activities and out-of-date limits creep in unnoticed. A proper annual review is a conversation about what's changed, followed by adjustments and a re-marketing of the price. If you haven't had one, you're overdue — and it's a fair reason to find a broker who does them.

What an annual review should cover

What changed: turnover, wage roll, staff numbers, premises, vehicles, stock and equipment values.
New activities, services or markets that the policy may not have contemplated.
Contracts and clients that now require specific limits or covers.
Sums insured against today's rebuild costs and values, and a realistic business interruption period.
Whether the price was tested against the market or just rolled over.

Why rollover is where gaps grow

Sums insured set years ago fall behind real values, and "average" cuts claims in proportion.
Activities you've added since aren't declared, and undeclared activities can void a claim.
Limits that were right for a smaller business are quietly too low for the one you've become.
A premium that's never been challenged has almost certainly drifted upwards.

The cost of a review is an hour. The cost of not having one shows up at claim time.

Frequently asked

How often should business insurance be reviewed?

At least once a year, before renewal, and whenever something material changes: new premises, a big contract, a jump in turnover or staff, a new line of work.

What should I have ready for a review?

Current turnover and wage roll, staff numbers, a list of premises and vehicles, values for stock and equipment, and any contracts with insurance requirements.

My renewal just arrives each year. Is that a problem?

It means no one is checking your cover against your business. It may still be fine, but you don't know that, and neither does your broker.

Can a new broker review cover mid-term?

Yes. A broker can review everything you hold now and either adjust it or plan the changes for renewal. You don't have to wait.

Overdue a proper review? Have one now.

Send us your current schedules and a named Apex broker will review the lot against your business today — and tell you plainly what's drifted.

Book a cover review → Request a callback

Apex Insurance Brokers is authorised and regulated by the Financial Conduct Authority (FRN 724952). This page is general information, not advice.