Economic headwinds risk leaving UK’s small businesses underinsured

Inflation, supply chain disruption, and labour shortages could leave UK small and medium enterprises (SMEs) at risk of facing huge bills, if the insurance policies they have fail to cover the actual costs repairing buildings or replacing assets, the insurance giant said.

Aviva’s exec Jason Chambers said: “SMEs have faced a tumultuous couple of years, and have come through challenges posed by Covid, only to face some of the most challenging economic headwinds of the last few decades,” as he warned a lack of coverage “could really impact a bunsiness’s ability to stay afloat.”

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