Demand for business insurance highlights riot fears
Insurance broker Simply Business says it witnessed a 100% increase in quote requests from independent retail and catering businesses last week following the riots that took place across the country.
According to the broker, the figures suggest that many businesses were compelled to renew or increase their level of cover having seen the devastation and disruption that affected similar companies during the unrest.
The broker also revealed that requests from retailers began to rise on Monday 8 August and peaked the following day when it provided almost four times its daily average of retail quotes and the highest number it had ever quoted in one day.
A regional breakdown showed a 298% week-on
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