“People, particularly in pressurised situations and financial situations will often cut down on their levels of cover to meet their financial payments. What this leads to is huge underinsurance.”
Financial uncertainty was highlighted as a top risk for 1,700+ small and medium-sized businesses according to our UK Business Risk Report.
As SMEs navigate undeniably challenging times, and will continue to do so for the foreseeable future, business owners may look to cut down their levels of insurance cover to meet financial payments. However, what this leads to is huge underinsurance.
Amidst a challenging economic environment, Amanda Walton, Managing Director, shares some great tips for small business owners. In this exclusive interview, Amanda explores:
- How cash-strapped small businesses can maintain appropriate levels of insurance cover.
- What small businesses should be aware of when seeking insurance.
- Why supporting small businesses is important to Marsh Commercial.
Hear from Amanda below. Be sure to visit our UK Risk Hub for more resources to help you manage risk, protect your assets and people, and free up capital to support growth.
You had your say, the results are in
Our UK Business Risk Report features findings from 1,700 businesses just like you. The report brings together insight, expert commentary, and guidance on how to turn today’s challenges into tomorrow’s opportunities.
How cash-strapped businesses can maintain appropriate levels of cover
Real-world insight that we don't share anywhere else
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