SME's fail to appreciate risks

 SMEs failing to appreciate risks

A study by Royal London claims that SMEs are under-insured with many failing to appreciate how different types of insurance could protect their organisations. The research found only 40% considered "key person" cover important while 77% admitted that if a vital employee was unable to work for six months due to ill-health there would be a serious impact on the business. Additionally, only 44% of the companies in the survey said they insured their stock and equipment say Harris & Co chartered accountants Northampton, the specialist small business accountants