VERO SME Insurance Index - Business Changes

VERO SME Insurance Index - Business Changes

New research from Vero shows that a large number of small and medium businesses – nearly half – have made changes in the past year that will have a bearing on their insurance. 

24% have upgraded machinery or equipment, and 14% have expanded their offerings to include different products or services. 

However – only 10% have taken these sorts of changes into consideration during their last insurance renewal – which could mean not enough coverage is taken out for their upgraded circumstances. 

That’s where a broker can help – they’ll ask the questions at renewal time to ensure all relevant changes are considered. 

That means you can make informed decisions that align your coverage with your evolving business needs. 

Your local IANZ broker can help with this – contact us today. 

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