Businesses are often surprised to discover their assets are not covered to their full value under their insurance policy. This means they don't have the cover they need in the worst possible circumstances — when they need to claim.

It's what we call the Value Gap of business underinsurance.

Content Guide: The Value Gap of Underinsurance

Learn how business property becomes underinsured and the impact it could have on your organisation.

Underinsurance Value Gap Survey

Are you aware of the impact that underinsurance could have on your organisation?

Take our short quiz to find out

Underinsurance Resources

These resources will help you determine if underinsurance is a threat to your business. Our case study illustrates how a commercial property owner fell victim to underinsurance and the steps you can take to avoid it.


Watch our webinar

Discover the causes of underinsurance for property and business assets, recent examples of underinsurance and learnings you can apply.

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Underinsurance Explained

Your guide to the various factors that contribute to underinsurance and the importance of a professional insurance valuation.

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Commercial Property Underinsurance

Explore the impact of underinsurance on commercial property and how the co-insurance clause could impact your claim payout.

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Underinsurance Case Study

A real life example of what underinsurance means when the co-insurance clause is applied to a property insurance claim.

Learn more

Our tips to help you avoid underinsurance:

  • Connect with your Gallagher broker to discuss increasing your insured values
  • Get a professional insurance valuation. Your Gallagher broker can arrange this for you
  • Review your insured values. If you do nothing else, increase your insured values before your next business insurance renewal
  • Update your policy when significant changes occur. Renovated your premises? Taken on a new tenant? Increased your inventory? These are all reasons to contact your Gallagher broker and update your insured values throughout the year
  • Consider business insurance premium funding to help finance the cost of insurance premiums over the year


Gallagher provides insurance, risk management and benefits consulting services for clients in response to both known and unknown risk exposures. When providing analysis and recommendations regarding potential insurance coverage, potential claims and/or operational strategy in response to national emergencies (including health crises), we do so from an insurance and/or risk management perspective, and offer broad information about risk mitigation, loss control strategy and potential claim exposures. We have prepared this commentary and other news alerts for general information purposes only and the material is not intended to be, nor should it be interpreted as, legal or client-specific risk management advice. General insurance descriptions contained herein do not include complete insurance policy definitions, terms and/or conditions, and should not be relied on for coverage interpretation. The information may not include current governmental or insurance developments, is provided without knowledge of the individual recipient's industry or specific business or coverage circumstances, and in no way reflects or promises to provide insurance coverage outcomes that only insurance carriers' control.

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