February 14, 2012 19:00 ET

Swinton Commercial Advises SMEs to Make Sure They have the Right Cover

MANCHESTER, UNITED KINGDOM--(Marketwire - Feb. 14, 2012) - Swinton Commercial, a leading UK business insurance broker, is advising SMEs to check their insurance policies after research suggested an increasing number of UK businesses may be underinsured.

The new figures, released by a leading business provider, revealed that a staggering 29% of SMEs do not know whether they have the right commercial insurance policy to protect their business.

Out of the 500 SMEs surveyed, one in 10 of those who employ staff admitted they had no insurance. The research also showed that the number of businesses without insurance has risen from 8% to 20% since June last year.

Interestingly, it was SMEs in the manufacturing sector who were most likely to be underinsured (34%), closely followed by tradesmen (28%), and the catering sector (17%).

In light of the findings, Swinton Commercial is urging SMEs to check their policies to ensure that they are complying with legal requirements and that they are covered for all eventualities.

Nadeea Gull, Commercial Team Manager at Swinton Commercial insurance, said: "The results of this survey are quite shocking. It's essential to make sure you have the correct cover for your business, not only in terms of what is required by law, but also for your own peace of mind. We would urge any business owners who think they may be underinsured to contact their insurance provider immediately, or to otherwise seek advice from a broker. Having the right commercial insurance policy in place will prevent any nasty surprises in the event of a claim."

For more information, contact Anna Goulding or Mairead Rodden at SKV Communications on 0161 838 7770 or email firstname.surname@skvcommunicatons.co.uk.

About Swinton Commercial:

As the UK's fastest-growing commercial insurance broker, Swinton Commercial has the expertise and industry knowledge to provide you with highly competitive business insurance that's tailored to your needs.

With 34 branches across the UK, including 19 regional centres, Swinton Commercial has quickly established itself as the UK's local broker, offering a dedicated team of advisors with specialist industry knowledge in all sectors.

Your local Commercial Account Executive has an in-depth understanding of the insurance market in your area and will arrange a face-to-face appointment with you, taking the time to thoroughly understand your business and its specific requirements.

We cater for most types of business - from small start-ups to well-established organisations, comparing quotes from leading UK insurers to find you the right level of insurance, at the right price.

What's more, our award-winning offering has over 75,000 business customers - and we're growing fast.

Visit www.swintoncommercial.co.uk for more information or call 0800 954 2394.

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