Business insurance specialist releases infographic for SMEs

One small and medium sized business insurance specialist has recently announced the launch of a new infographic designed to aid SME owners come to proper decisions when it comes time to buy business liability insurance.

Stating that they understand that most small business owners are more concerned with the day-to-day running of their businesses than they are with making sure they have the proper small business insurance, specialist insurer Hiscox has decided to aid SME owners with the launching of their new Business Insurance Decision Tree tool. The infographic can easily and clearly take a business owner through the sometimes complex process of choosing from any number of policies for the type of business he or she owns.

Asking all the questions relevant to finding proper insurance, the Decision Tree guides a business owner to the proper insurance type based on the answers he or she provides. The infographic can take into account whether a business owner works from home or a traditional office, the number of staff the business employs, whether the buildings the business operates from are owned or rented, and several other important factors.

The new tool from Hiscox can identify if you need professional indemnity insurance for protection from claims filed against you by those your business advises, contents insurance to protect your business from damage or theft of assets and inventory, or building insurance to provide cover for the office of your business or any other buildings you rent or own.

Hiscox SME underwriting manager, Deepak Soni, stated that since SME owners are experts in their business rather than their insurance needs, the new Business Insurance Decision Tree is a key resource for ensuring SMEs understand the kinds of risks they may face and providing the proper levels of cover they need.

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