News Review: March - Protection for small businesses
The industry was preparing to do battle this month with the FinancialServices Authority (FSA) over t...
The industry was preparing to do battle this month with the FinancialServices Authority (FSA) over the thorny issue of the difference between asmall business and an individual.
The FSA's initial proposals on non-life regulation last month stated thatit wanted to provide small businesses (those with a turnover below #1m)with the same level of protection as that given to personalpolicyholders.
However, the British Insurance Brokers' Association (Biba) and the LondonMarket Brokers' Committee said the
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