When you are looking for a business insurance quote, you will be asked a number of questions and for information relating to your business. These include financial details, location, type of business and security.
In addition, you will always, without fail, be asked about your claims and/or loss history over the past three or five years. Some insurers will also need to know if you have ever had a claim in excess of £10,000.
The whole point about buying your business or commercial insurance, is that you want to receive a payment in the event of a loss. Of course, the insurers do not want to pay out on claims, but they do (believe it or not) accept that this why they exist.
Before you sit down and make your calls, it is worthwhile considering exactly what is normal as far as claims are concerned. It of course depends on a number of factors, but one claim, every 3 to 5 years is entirely acceptable. Two is unlikely and insurers may start to apply more onerous terms. More than two, and you find insurers will start to stop quoting or only quote if they apply an increased excess.
If you have an adverse, more than three claims in 5 years, history you may find it more difficult to get quotes.