VERO SME Insurance Index - Experience with Natural Disasters
Natural disasters have had a significant impact on Kiwi businesses in the last year with 18% of SMEs reporting that their business has been affected as compared to just 5% in 2021, as indicated in Vero’s SME Insurance Index Report for 2023.
In fact, according to the data, clients who have had discussions with their brokers about natural disaster risks and impacts are six times more likely to be satisfied with their insurance experience during a natural disaster.
Brokers can guide SMEs around available coverage options and help them understand what specific natural disaster risks are covered and what risks aren’t - meaning these small businesses, the backbone of our country – can make more informed insurance decisions.
Natural disasters have emphasised the value of brokers. If you’d like to find out how we can help, just reach out. We’re local, around the country and here to assist you through the challenging times.