A recent survey conducted by Vero has provided valuable insight into the primary concerns of small to medium business owners. The top concerns identified were;
- Increase in costs
- Economic downturn
- Competitors
- Being unable to trade
- Equipment breakdown
- Adverse publicity
- Adverse regulatory changes
- Workplace accidents
- Political instability
- Cyber attack
As a business owner, it’s very important to identify the key risks to your business and have a plan in place to minimise any negative financial impacts.
While insurance is not the answer to all the concerns listed above, it is an important step in building a risk management plan for your business and protecting the financial security of you and your family.
If you would like to discuss how insurance can play a part in protecting your business, please call us. Our team of professional brokers are happy to help.