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How small businesses can manage insurance costs
Small businesses are struggling to pay for critical insurance and leaving themselves underinsured in key areas, in particular cybersecurity. How can they better manage the costs and ensure that they have the cover they need? New data from Premium Credit shows that six out of 10 SMEs rely on credit to pay for their insurance, mostly in the form of credit cards and insurance finance. Others have used government funding and loans from family and friends. Notably, 50% of the firms surveyed said the decision to use credit was based on the impact on COVID-19, while almost a third attributed the ... [Read More...»]
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