A Norwich Union survey claims 45% of small businesses have concerns about the availability and rising costs of insurance.
The survey also revealed that 40% of bosses surveyed expected premiums to increase annually.
Despite the worries over soaring costs, 66% said that they did not want to lose out on certain benefits to secure a cheaper deal, with only 15% buying the cheapest insurance they could find, the research said.
Three quarters of firms said insurance was an essential part of a successful business, the survey found.
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.
