When you hear that someone has cheaper insurance, the first question that should be asked is: is it apples for apples or (as is in most cases) apples for oranges?
THIS question is a lot more commonly asked than most punters would probably realise.
Although we suspect that most of you would know the most answers, we will attempt to provide some of the main reasons without all of the insurance jargon, or at least help interpret some of the insurance jargon for you.
Underinsurance is a serious issue for small businesses, with the statistics showing 12.8% of small businesses and 24% of sole traders have no insurance. Organisations operating in the education industry have the highest rate of non-insurance at 25% of entities in this industry with no insurance.
How To Adapt Your Insurance Needs As Your Business Grows As your business grows, so does the risk surrounding it. It is essential to have
Whether you are a large corporation with hundreds of employees, a small business with a team of 10 people or an individual with your own new venture; any business you own needs insurance.