62% of SMEs likely to be underinsured

By Guest Author · 18 November 2019 · Small Business

62% of SMEs likely to be underinsured

Small Business Owners at Risk: Are You Prepared?

A staggering 62% of SMEs may be underinsured, leaving them vulnerable to financial disaster. Could a single claim be the downfall of your business?

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Summary

Almost 9 out of 10 small business owners agree that an insurance claim has the potential to put them out of business, cause them to lose revenue, or dry up cash flow. Despite these statistics, 62 per cent of SMEs said they are unlikely to have the right insurance in place to protect their business. […]