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Guide to help small firms avoid under-insurance
The British Insurance Brokers' Association (BIBA) has published a guide to help small business owners avoid under-insurance. In particular, the guide will support small firms that are vulnerable to the risks of under-insurance as a result of uncertainty following the Brexit vote, such as currency fluctuations and higher prices for imported goods. In the guide BIBA recommends that small firms consider the effects of leaving the EU on their business and factor this into the amount of their insurance cover.