SME Package

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What is SME Package Insurance

An SME insurance policy is a “package” which offers several types of cover under one policy. It gives great flexibility and affordability as it provides all the commercial insurance considered essential for your business whilst allowing you to choose which level of cover you need.

A suitable SME package insurance can help to protect you so that in the event of loss, you get practical, expert help to manage and contain the situation, as well as financial assistance to cover your losses.

Why do I need SME Package Insurance?

Businesses need business insurance because it helps cover the costs associated with property damage and liability claims. Without business insurance, business owners may have to pay out-of-pocket for costly damages and legal claims against their company.

Whether you’re a start-up or an established company, the impact that any physical or financial loss or indeed any trading interruption has on your business can be huge. Building up a business takes considerable time, effort and money, something that most small to medium enterprises can ill afford. Aside from the actual money lost due to damage or loss of physical items there are also more “invisible risks” to consider like liability to employees (Workmen’s Compensation) and customers/visitors (Public Liability), and also those which are consequential and intangible, such as disruption (Business Interruption/Loss of Profits) and reputational damage.

The current global pandemic has resulted in causing great unrest and re-emphasized the fact that we are living in a volatile world. During these type of unprecedented uncertainty, having a good Insurance package gives us some peace of mind if not all.