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SME Insurance

A new report by the Insurance Industry has shown that nearly one third of UK small businesses have admitted that they only purchase the minimum amount of insurance cover required, whether that’s for property or transport or is a compulsory form of insurance such as Employer’s Liability Insurance.

Only 21 % had Professional Indemnity cover in place. This stresses the importance of using a broker to advise an SME on the appropriate covers and to help out with Risk Management advice.

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