20% of SMEs will be looking to change broker in the next year with price and level of service being key considerations, according to the Federation of Small Businesses (FSB).
Stephen Alambritis, chief spokesman for the FSB presented the results of a survey of its members at the Insurance Times' Making money from SMEs conference in Birmingham.
Alambritis said that 21% of the FSB's members raised finance through their credit cards - a figure he considered "worrying".
He added that only 4% used government support services to aid business.
According to the FSB, 33% of its members are home-based 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.
