Rising insurance premiums also influenced 9% of respondents to reduce the level of cover on their policy
New research has found the 42% of SME businesses saw increased insurance premiums in 2022 as the cost of living crisis continues to rage.
Premium finance company Premium Credit’s Insurance Index, which monitors insurance buying and how it is financed, also today (14 December 2022) revealed that 7% of SMEs had reported dramatic increases to their premiums.
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