A new report from Axa indicates that crime cost small-to-medium firms at least £722m in 2005.
Theft accounted for 45% of all claims, followed by arson (42%) and malicious damage (12%).
Neil Mercier, property insurance manager at Axa, said: "The findings demonstrate just how much of a problem crime is for small and medium-sized businesses."
The report also highlights under-claiming by businesses.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
