Businesses are trading without adequate insurance cover, according to the Association of Independent Financial Advisers (AIFA).

Speaking last week, AIFA director general Paul Smee, warned that many firms were trading without adequate insurance cover.

Smee warned: "Firms are trading without cover and many have inadequate resources for their level of activity."

His warning came after recruitment specialist Reed Insurance found that 45% of insurers believed UK companies were trading without adequate cover.

Topics