For example, a law firm might need business interruption cover based on billable hours and may also need cover for critical documents or valuables held in trust, which other types of SME businesses may not need. For many SMEs, the office environment has been evolving, with more people and equipment moving in and out of the office on a regular basis. Insurance cover needs to shift along with such changes. Brokers and insurers can partner to make sure SME clients have appropriate office cover and aren’t surprised by disruptive problems that could have been prevented. When SMEs have the protection their office needs, they can focus on the larger challenges that need their attention day to day.

Source: The Times February 15, 2024 07:25 UTC