Aviva Releases Small Business Insurance Stats
Aviva has released statistics showing that a worrying amount of
SMEs either do not have the proper insurance or are unsure of the
cover they require. The number of SMEs without insurance has risen
from 8% in June to 20% in December 2011. The same survey also
discovered that 29% were not confident they had sufficient
cover.*
Tough economic times mean that SMEs are making a huge effort to
be streamlined and cost efficient. Aviva stresses the importance of
having proper insurance cover particularly when cover such as
employer’s liability insurance is a legal requirement.
Towergate Insurance’ Managing Director (SME Division), Amanda
Walton commented "Whilst making savings in this tough economic
climate is a business essential. Ensuring that good value for money
business insurance is arranged is of paramount importance. Business
owners must not be tempted to cut corners, potentially leaving
themselves exposed to significant sums, having underestimated the
financial and social implications."
Read the full article or take a look at our Business Insurance page
for more information on insuring a range of SMEs.
*based on the results of Aviva’s twice yearly SME Pulse survey
of 500 UK SMEs
