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BSI Insurance Brokers | Recent SME Insurance Report 2023



Recent findings from Vero reveal that nearly half of small and medium-sized enterprises (SMEs) have implemented alterations in the past year affecting their insurance.


About 24% have invested in upgrading machinery or equipment, and 14% have diversified their offerings with new products or services.


Surprisingly, only 10% have factored in these modifications during their latest insurance renewal, potentially leaving them underinsured for their updated circumstances.


This emphasizes the importance of engaging a broker who, during the renewal process, will inquire about relevant changes to ensure comprehensive coverage.


Choosing a broker, such as your local BSI Insurance Brokers, can be instrumental in making well-informed decisions that align your insurance coverage with the evolving needs of your business.


Don't hesitate to get in touch with us today.

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