What is SME Insurance
Small and Medium Enterprises (SMEs) play a crucial role in the economy by driving innovation, generating employment, and fostering economic growth. However, alongside these opportunities come various risks that could threaten business continuity. SMEs are often more susceptible to economic fluctuations and business disruptions due to their smaller cash flows.
SME Insurance packages offer straightforward, comprehensive, and hassle-free coverage tailored specifically for small and medium-sized businesses. It provides essential protection to help businesses manage challenges and avoid severe financial setbacks. With the right insurance, SMEs can focus on what they do best—running and growing their business—while staying safeguarded against potential risks.
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What does SME Insurance Cover?
SME Insurance packages are available for the following industries.
How much does SME Insurance Cost?
Compare SME insurance package plans across multiple insurers to find of that fits your budget. You can customise the coverage to suit your business needs.
What is Group Insurance for SME?
Attracting and retaining employees can be challenging for SMEs. Employees are crucial assets, and ensuring their health and loyalty is essential for business success. SME group insurance plans make it easier to offer competitive benefits, starting with coverage for just two employees. These plans are customizable to fit your budget and meet your employees' needs.
Group Insurance for SME covers:
Inpatient Hospitalisation and Surgical
Outpatient Specialist Practitioner
Personal Accident
Critical Illness
Outpatient General Practitioner
Dental
Term Life
How much does Group Insurance for SME Cost?
Compare Group insurance package plans for SME across multiple insurers to find of that fits your budget. You can customise the coverage to suit your employees' needs.
What other Insurance does an SME need?
Each business is unique, and specific risks vary by industry and size. While SME Insurance packages provide broad coverage, it’s important to address any additional risks specific to your business. Some common additional coverages include:
- Cyber Liability Insurance:
Protects against losses related to data breaches, hacking, and other cyber threats, including costs associated with data recovery and legal fees.
- Commercial Auto Insurance:
Covers vehicles used for business purposes, including cars, trucks, and vans. This includes liability coverage for accidents involving company vehicles.
- Directors and Officers (D&O) Insurance:
Protects the personal assets of company directors and officers in case they are sued for alleged wrongful acts while managing the company.
- Product Liability Insurance:
Covers claims related to product defects that cause injury or damage. Important for businesses that manufacture, distribute, or sell products.
- Professional Indemnity Insurance:
Protects you against claims for loss or damage made by clients or third parties as a result of the impact of negligent services you provided or negligent advice you offered.
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comparison and unbiased advice now!