A new guide from the Authority Beyond Insurance (ABI) aims to help the UK’s Small and Medium-sized Enterprises (SMEs) better understand their insurance needs and address gaps in coverage. The guide breaks down the different insurance products and requirements for SMEs, which represent 99% of UK businesses.
When things go wrong a lack of insurance, or inadequate insurance, can be catastrophic. The ABI’s new guide sets out simple steps for business owners to consider when taking out and renewing their policies. Alongside explainers on the products businesses are legally required to have or may need, and advice on how to understand coverage requirements, the guide is aimed at improving their resilience to unexpected events.
The SME Insurance guide: what every business needs to know has been developed in response to findings from research conducted by Public First, and commissioned by the ABI, which highlights how large numbers of SMEs are either uninsured or underinsured.
For further information please select the following link: New guide to help SMEs navigate insurance needs | ABI.