Industry calls for action on underinsurance

underinsurance-risk-vector

Brokers and insurers are concentrating their efforts on addressing the significant problem of underinsurance.

The popular image is of a harried SME owner who does everything for his or her business and consequently does not pay enough attention to insurance matters.

The implications for a business with inadequate insurance to cover a claim can be catastrophic and often lead to conflict with a broker. 

But the factors that lead to underinsurance extend far beyond just the issue of time according