Small businesses struggle with rising, inflexible insurance premiums, leading to closures and operational challenges.
Small businesses face challenges in finding adequate, affordable insurance as premiums rise and terms become less flexible. Excessive insurance costs are leading to closures, with some premiums up 200-300%. Eye-watering excesses and growing lists of exclusions often accompany 'take it or leave it' insurance products, which can negatively impact small businesses' ability to operate.
March 03, 2024
10 Articles