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
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Dual to open two UK offices as McGinn’s regional push gathers pace