Only 14% of smaller SMEs have business continuity plans: Aviva
Aviva has urged brokers to keep having the conversations needed with clients on business continuity plans as the insurer revealed only 28% of firms have one in place.
This is up on last year’s result of 25% taking the business community back to the same level as in 2020.
The picture is most bleak among smaller SMEs that have less than £10m in annual revenue (see graph). Here only 14% of the market has a BCP in place. The level has though crept up from 11% two years ago.
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