Fusion Insurance Services has rolled out a disaster recovery solution for UK business insurance policies after signing a deal with Global Continuity.
The Fusion BusinessAssist product for the SME market will provide clients with office space after a disaster, re-routed telephone and internet connections, technical assistance and management support.
Fusion managing director Nick Wright said: "Most SME’s cannot afford expensive disaster recovery and business continuity services so it is not surprising that 80% of all SME’s fail within 18 months of a major loss. We are keen to minimise our underwriting exposure to this risk and see Fusion BusinessAssist as the ideal solution."
Global Continuity chief executive Richard Pursey said: “We are confident that our service can reduce an underwriter’s claim ratios by as much as 70% each year."
