Businesses that are not insured put themselves at risk

Aviva has stated that businesses which don’t insure themselves are putting themselves at risk and that they could lose out in the event of an unforeseen incident.

David Bruce, commercial product manager at the organisation, made these comments following the release of data which revealed that 12 per cent of small and medium-sized enterprises (SME) are not commercially insured . He commented that any conscientious business leader should cover their company in order to ensure that they protect it in case of an accident that could bankrupt the organisation.

Mr Bruce explained: "If one of your staff, or a customer, has an accident at work it is unlikely you would be able to pay out a claim that could run into thousands of pounds yourself."

The survey by Aviva also found that 56 per cent of SMEs are working towards getting through the current economic climate by diversifying their business.