Study reveals businesses leaving themselves financially vulnerable to unexpected events

One in 10 small and medium businesses in the UK have no insurance cover and two thirds have no business interruption insurance cover, leaving them vulnerable to incidents that disrupt their business, according to a new study.

A survey of 1,500 small and medium-sized business owners commissioned by insurer Aviva found that 62% of respondents – equivalent to around 2.9m businesses nationwide – did not have business interruption insurance, or were not sure whether it was included in their current policy.

Business interruption insurance covers the financial loss to businesses should they suffer an incident which interrupts the normal course of business, such as the founder suffering a serious illness.

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