An essential guide to SME business risks Help your business operations run smoothly
This article provides a summary of the five significant risks your business could face: cybercrime, cash flow, employment, people and reputation, Intellectual Property and bricks and mortar.
To help small businesses navigate the many challenges presented by the current business landscape, we spoke to specialist insurer, Hiscox, to explore these topics and discover valuable tips for minimising your exposure to risk.
Cybercrime
Cashflow
People and reputation
Intellectual Property
Bricks and mortar
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PROFRESSIONAL BENEFITS PROGRAMME
We work with Hiscox, who offer a wide range of policies to protect your business – including directors’ and officers’, professional indemnity, cyber and data risks, and office cover. As an IoD member, you benefit from a 12.5% discount* on their standard rates for the life of your policy.
Hiscox wants to help your small business thrive. Their blog articles will contain lots of useful information relevant to your growing business. But these articles do not constitute professional advice and must not be construed nor relied upon as such. To find out more on a subject we cover here, please seek professional assistance, specific to your circumstances.
*Any discount is only applicable to policies introduced via the Institute of Directors, whether existing or new, but could not be applied to policies that are being managed by an alternative third party such as an insurance broker.
Discount available for the lifetime of your policy applies on renewals while the Institute of Directors remains an Introducer Appointed Representative of Hiscox Underwriting Ltd.
Terms and conditions apply. For full terms and conditions see hiscox.co.uk/IoD/business-insurance.
The Institute of Directors is an Introducer Appointed Representative of Hiscox Underwriting Ltd. who is authorised and regulated by the Financial Conduct Authority. For UK businesses only.
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