Most business owners in Guyana think they are covered — until a claim reveals they are not. This guide walks through every category of business risk, helps you identify what you currently have and what you are missing, and explains what each coverage type actually does.
Work through each section and check off what you currently have in place. Any item that is unchecked at the end of a section represents a potential uninsured exposure. Bring the completed assessment to your broker meeting — it becomes the foundation of your insurance programme.
⚠ Insurance coverage that was adequate last year may be inadequate today. Construction costs have risen, business revenues have changed, new employees have been hired, new equipment has been purchased. This assessment is most valuable when completed annually — not just at inception.
ⓘ You do not need to know the answers to every question before meeting your broker. The questions themselves are designed to prompt useful conversations.
Business Interruption (BI) insurance, also called Consequential Loss insurance, covers the income you lose and the additional costs you incur when a covered property damage event prevents or limits your ability to operate.
⚠ A business that can replace its physical assets but cannot replace its lost revenue while rebuilding is not properly insured. BI is the coverage that most businesses underestimate until they need it.
Money and Fidelity Guarantee are identified as high-exposure coverages in Guyana. These are often underestimated by businesses focused on property and liability risks.
⚠ Fidelity Guarantee is a high exposure in Guyana. Employee dishonesty is a real and significant risk in any business with staff handling assets or finances — not just large organisations. Many SME owners are shocked at the size of losses when they occur.
ⓘ This is a starting point, not a complete list. Every business has unique exposures. Book a free risk assessment consultation with Abdool & Abdool and we will identify every exposure specific to your operations.