During credit crunch, business insurance is 'a necessity'
Commercial insurance
15th October 2008
Business insurance, such as shop and stock cover or employers' liability insurance, is a necessity for companies as the credit crunch continues to take its toll on the global economy, according to a specialist.
Insurance expert Jeremy Moll said business owners of all varieties should give serious consideration to looking for cover.
He commented: "With many small and medium businesses feeling the wrath of the credit crunch on a daily basis, they will be looking to make financial gain wherever possible."
Among the policies relevant to many companies are public liability insurance, which is essential for businesses that allow the public onto their premises.
Shop insurance, meanwhile, can provide cover for a company's stock and buildings, as well as provide security in the event of business interruption.
In similar news, Coface - the leading trade credit insurers - recently withdrew cover for high street retailers due to the Icelandic banking crisis, reports the Times.
