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Brokers are essential to Small Businesses

May 10, 2016

As more and more companies across the country face litigation in connection with management risks and exposures, Management Liability insurance should be considered as a  ‘must have’ for Australian SME businesses.

It has evolved as companies face ever-increasing compliance and regulatory burdens and complex stakeholder management frameworks.

Unfortunately the changes makes it hard for SME business owners to identify all of the aspects of the company they need to insure which is why an Insurance Adviser is vital to ensure all risks of the business are covered.

The interconnectedness of business today and a changing regulatory environment around internet liability and cyber risks including privacy in recent years has seen an increase in litigation.

However surprisingly, 90% of SMEs do not have management liability insurance, and this leaves a huge exposure, not just for the company but the business owners themselves.

Should you wish to discuss the options of Management Liability, please speak to your AustBrokers Comsure Adviser on 1800 122 194.

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