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The BCC has announced an alliance with AIG Europe (UK) Limited to provide SMEs
with tailored insurance solutions and advice on business risk management.
Recent research has exposed that many small businesses are putting their
organisations at serious risk by either being under-insured or worse still not
insured at all.
In many cases SMEs have not even considered the risks they face or believe that
they have nothing to worry about.
Protecting its membership from business risk is a key objective of the BCC so
this partnership with AIG Europe is designed to both highlight the issue of poor
risk management and insurance cover as well as provide an innovative product
solution.
John Dunsmure, Managing Director, BCC explained: “Businesses fail every day not
because they have a bad idea but because something unfortunate happened to them.
"In business, as in life, many of us don’t want to think about the risks we are
facing.
"A simple assessment of the risks you have and then a conversation with a broker
about putting in place a good insurance policy is going to be the difference
between who survives a disaster and who goes out of business.
"The research on business failure after a crisis makes very sober reading and
the message about the need for planning and insurance protection couldn’t be
starker.
"That’s why we feel it is important to work with AIG Europe to try and spread
the word within the small business community".
AIG Europe will be running a series of launch events through the Accredited
Chamber Network from September 2006 and will also be offering Chamber members
competitive premiums on their cutting-edge small business insurance products.
Chamber Risk Insurance offers packaged and combined insurance solutions usually
enjoyed by large corporates.
The main areas of cover include; property, business interruption, employers
liability, product and public liability, directors and officers liability
insurance, equipment breakdown, personal accident, medical and vocational
rehabilitation.
Tim Grant, Vice President, Small Business Solutions AIG Europe (UK) Limited
commented: “Successful entrepreneurs recognise the need to take risks in
business but these should be measured risks.
"A key aspect to reducing potential threats to a business should involve due
consideration to risk management.
"Those who take action to minimize the potential impact of an unforeseen
incident and take out adequate insurance are undoubtedly better protected.”
Source:
Credit
Control Journal
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