Sponsored: On the couch with Maria Haverfield, Gallagher Insurance
Maria Haverfield, Gallagher Insurance.
When it comes to protecting your business, having the right insurance in place can make all the difference. This month, Maria Haverfield, a local commercial broker for Gallagher Insurance, sits down with Nelson Magazine to answer some of your most common questions.
How do I know if my current business insurance is still fit for purpose?
This is something I’m really passionate about. I’m often approached by business owners who are simply looking for a quote and assume all insurance is the same. But what I offer as a broker goes beyond just putting a price in front of someone. I take time to understand my client’s business, their future plans, and their risk appetite. It’s important to work with a broker who can help assess whether the cover you have is still appropriate. It’s not always about the cheapest option – you want peace of mind that your policy will respond the way you need it to.
Are there emerging risks local businesses should be aware of?
The increasing threat of cyber-attacks is something all businesses need to take seriously. It’s important to assess how well prepared your business is to recover from a cyber event and understand the specific risks your systems may face. This includes looking at the data you handle, the tech you rely on, and any system vulnerabilities. Many businesses think they’re too small to be targets, but cyber criminals often go after those with poor IT security – not just large organisations. Think of a cyber-attack as a “digital fire” – the disruption and financial loss can be just as significant as a physical disaster.
What’s the advantage of using a broker?
When you work with a broker, you’re accessing expertise and knowledge that helps create a robust, tailored insurance programme. Brokers understand the market and have access to a wide range of providers and products. At Gallagher, we also have specialist brokers across marine, construction, aviation and financial lines. This means we can access niche markets and support more complex or harder-to-place risks. A broker helps identify risks and recommend strategies to reduce them, offering valuable risk management advice. And when a claim arises, we’re there to support you.
Are there ways to make insurance more affordable without compromising protection?
The key is ensuring your coverage is right to begin with. The most expensive policy is the one that doesn’t respond when you need it most. Once that’s in place, a broker can help you access the wider insurance market and ensure you’re getting good value. Implementing strong risk management practices can also reduce the likelihood of claims – something insurers consider when pricing your risk.
What’s one piece of advice you’d like to share?
Treat your insurance broker as a key adviser – just like your accountant or bank manager. We help navigate complex policies and tailor solutions that truly protect your business.