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Half of UK businesses could be underinsured – Aviva

By 2023-01-23T09:41:00

underinsurance (3)

The threat underinsurance plays to SME businesses has reached a ‘critical point’, says chief executive

Half – exactly 50% – of UK businesses are likely to be underinsured, according to Aviva’s third annual Risk Insights Report, released last week (20 January 2022).

This has been exacerbated by an “onslaught of interconnected economic risks” too – with the report showing that 21% of surveyed businesses had reduced, or were considering reducing, their insurance cover over the previous 12 months.

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