More than eight out of 10 (84%) of the UK’s smallest businesses now use their home as a place of work, according to new research from Lloyds Bank Insurance.
AXA Business Insurance warns that many small businesses could be sleep-walking into prosecution and financial difficulties simply because of oversights when arranging their insurance.
Around two thirds (62%) of UK SMEs – equating to around 2,900,000 businesses - may be leaving themselves financially vulnerable without business interruption cover.
AXA Business Insurance asks if unsound financial culture is the biggest threat to the millions of small businesses that are driving the economic recovery.
As Yorkshire prepares to welcome hundreds of thousands of spectators to one of the world’s biggest annual sporting events, NFU Mutual is warning entrepreneurs to check their insurance policies before embarking on ‘pop up’ business ventures, or potentially face being seriously out of pocket.
According to a new study, “The Home Business Insight Report” (compiled by AXA Business Insurance and small business network, Enterprise Nation), home based businesses are an increasing benefit to the improving state of the UK economy.
The wettest winter on record is likely to result in £446 million being paid in insurance claims to customers whose homes, businesses, and vehicles were flooded – the equivalent of £6.7 million a day - according to updated figures released by the ABI, covering the period 23 December 2013 to 28 February this year.
Whilst many SMEs are entering 2014 with renewed optimism and enthusiasm for running their business, they also recognise the need to take extra steps to keep their business healthy in the first six months of 2014, according to research from Aviva.
RSA, one of the largest UK Commercial insurers, has launched a new Restaurants and Hotels insurance policy, offering flexible cover with a wealth of benefits to the hospitality trade.
In the UK, businesses lose £5 billion to fraud every year. You might be surprised to hear that fraud is more likely to be perpetrated by employees, rather than third party groups.
One in 20 small business owners have no insurance cover in place - equivalent to 230,000 businesses across the UK - leaving them vulnerable to liability claims, hefty fines and prosecution, according to research by leading insurer LV=.
As wages fail to keep up with household bills Aviva's bi-annual SME Pulse found nearly half (44%) of part time business owners say they run their businesses to supplement existing incomes.
More than three million (six per cent) Britons have held a second job in the past six months and a further 1.5 million (four per cent) have launched their own business to supplement the income from their primary job, according to research from Direct Line Home Business Insurance.
Small businesses in Britain are facing a potential £1.4bn annual loss of revenue by failing to safeguard against business threats, according to new research.
One in six (17%) people in the UK (or eight million) are operating as an ‘online business from home', specifically purchasing goods to resell, or making their own products to sell for profit, according to research from Direct Line for Business ("DL4B").
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