All businesses, no matter how big or small, come with risks. SMEs are particulary susceptible to disruptions, often lacking the resources to absorb substantial losses caused by unforeseen circumstances, which could potentially lead to financial losses.

Good insurance isn’t just about the lowest premium or accumulating numerous policy types. It is important to find an insurance partner that can offer expert guidance and tailor their services to meet your needs.

It’s advisable to review your insurance coverage every year. However, it is recommended to reach out to your broker whenever significant changes occur in your business, such as introducing new product or service, business expansion or relocating office, to evaluate how these changes might affect your risk profile, and determine any necessary adjustments to your policy is required to ensure you receive proper entitlements in the event of a claim.