SMEs reminded of Christmas cost by Lloyds TSB Business Insurance
www.moneynews.co.uk > Insurance > SMEs reminded of Christmas cost by Lloyds TSB Business Insurance
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Money News |
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SMEs reminded of Christmas cost by Lloyds TSB Business Insurance
Tue 7th Nov 2006
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With only seven weeks until Christmas, small and medium-sized enterprises (SMEs) are reminded of the effect of shutting down during the festive season.
It is estimated by the Federation of Small Business that productivity will take a knock worth £1.2 billion during this time and Lloyds TSB Business Insurance insists that a million SMEs risk losing out as they do not have adequate cover in place.
Gary Hurry of Lloyds TSB Insurance has urged SMEs to consider the risks posed to their business.
"Devising a plan that anticipates risk and guards against business disruption is advisable," he said. "It would be sensible to consider business interruption insurance to cover loss of revenue should you be forced to suspend trading."
SMEs in the construction sector experienced a boom in business during the 2005 Christmas period, according to a poll of 800 small businesses by business consultancy PKF.
Related News : Insurance |
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Related News : LloydsTSB |
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