When something goes wrong, insurance can determine whether a business survives or fails. But a robust approach to risk management can deliver additional benefits, helping to minimise damage, maintain or reduce premiums and even prevent a loss altogether. This is particularly the case in the SME sector. There, as even a relatively small loss could potentially put the business's future at stake, providing advice on risk management should be an important part of a broker's role.
Sam Barrett explores what kind of risk management advice brokers need to offer their customers in part two of our series.
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