In Focus: How can brokers protect their SME clients?
Sam Barrett explores what kind of risk management advice brokers need to offer their customers in part two of our series.
When something goes wrong, insurance can determine whether a business survives or fails. But a robust approach to risk management can deliver additional benefits, helping to minimise damage, maintain or reduce premiums and even prevent a loss altogether.
This is particularly the case in the SME sector. There, as even a relatively small loss could potentially put the business's future at stake, providing advice on risk management should be an important part of a broker's role.
"Smaller companies
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