According to Verdict Financial, a specialist information provider serving the global financial services markets, almost one in three UK micro-sized enterprises in the UK are uninsured.
Micro enterprises (businesses with 0 to 9 employees) account for 95.5% of all UK SMEs in the private sector and almost a third (29.1%) don't hold any commercial insurance.
So what are the reasons behind this?
Smaller companies:
- Can perceive themselves to be at less risk and therefore less in need of insurance;
- Will have lower budgets to spend on insurance;
- Have less experience purchasing business insurance.
It could be argued that micro-enterprises are most in need of insurance as they have the fewest resources and least capacity to recover from financial losses.
Don't get burned and put your business in jeopardy by having no insurance in place.
Artemis Insurance Brokers deals with businesses of all shapes and all sizes daily and can help your business to buy the right level of insurance cover. By getting to know you and your business, we'll help you to find the right insurance at the right price.
RICHARD J. CLIFFE - Sales & Marketing Manager
☏ 020 8619 5000
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