News Review: March - Protection for small businesses

Insurance Age staff
01 Apr 2003

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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

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