Allianz has warned of the “genuine risk of underinsurance” as it found 34% of SMEs don’t adapt their insurance levels to accommodate fluctuations in seasonality.
It noted business owners understand their busiest season, but may not be fully prepared.
A company may need to increase its stock levels in line with expected demand, but the greater stock could require increase insurance cover, Allianz explained
RelatedSix-year low, but 76% of UK properties still underinsured
The percentage of UK buildings underinsured has dropped to 76%, which while a six-year low is still “unacceptably high”, according to specialists.
Summer was cited as the busiest season for
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