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Rising insurance costs could be ‘last straw’ for struggling small businesses

Half of small and mid-sized UK businesses have seen increases in pandemic-related exclusions in their cover, according to broker Marsh, as insurers try to stop their £1bn bill from mounting further, and businesses struggle to keep themselves covered.

Rising insurance costs could be ‘last straw’ for struggling small businesses
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A quarter of the 1,300 small and medium sized companies surveyed by the insurance broker said they had been forced to shut their business, either temporarily or permanently, because of the pandemic and government guidelines.

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