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Risk management on the rise among SMEs

The fast-rising costs for energy and rent, followed closely by business taxation, are the top two bu...

The fast-rising costs for energy and rent, followed closely by business taxation, are the top two business concerns among SMEs, according to a survey commissioned by Hiscox. The effect of the economy on their business; dealing with paperwork/regulation; compliance with company law; and business continuity problems such as power-cuts, also rated highly. As a result, SMEs are increasingly preoccupied by risk management and fears of spurious legal claims.

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