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Small business owners should continually reassess their insurance cover and switch providers if they are dissatisfied, the Federation of Small businesses (FSB) has said.
The FSB maintained that this would help promote healthy competition between insurance providers.
Simon Briault, spokesperson for the FSB, said: "There are lots of insurance companies out there - and we think that they need to be kept on their toes in terms of the services that they provide.
"They will be kept on their toes if small businesses are proactive in switching when they dont get satisfactory service."
Mr Briault also emphasised that small businesses should put aside time to check over each potential insurance deal thoroughly.
He advised business owners to "look at the small print" and continued "it takes a lot of reading around and research".
"We are confident that small business owners are capable of doing that, its just a case of prioritising the time to do it," he added.
Some types of small business insurance are required by company legislation and other laws, while others are taken out for security and peace of mind.
There are several types of business insurance under the umbrella term "legal liability", such as employers liability and public liability.
Other types of business insurance commonly required by SMEs include asset protection mearures such as motor insurance, buildings and contents cover and equipment insurance.
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