Over 95% of East Midlands businesses are underinsured
Businesses across the East Midlands are running the risk of "financial disaster" due to insufficient insurance cover, a report published today has warned.
Some 96% of commercial premises - including factories, workshops, warehouses, offices, shops and hotels - are lacking adequate cover, according to a survey by Barrett Corp & Harrington.
The insurance valuers estimate that firms need to boost their spending on insurance protection by an average of 73% to ensure they are fully protected.
Barrett Corp & Harrington director, Roger Corp, described the issue of underinsurance as a "major issue in the UK".
He said: "The degree of underinsurance
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