had encountered trouble with customers refusing to pay in the past, they were still not taking advantage of comprehensive business policies.

A recent Populus survey commissioned by the British Brokers' Association (BIBA) revealed similar trends; it inferred that some SMEs are continuously failing to implement business continuity plans - thus threatening themselves with the possibility of loss of money in unforeseen circumstances.

Talking about the recent study, Barclays' marketing director for business insurance, Mark Till, commented: "Life is full of twists and turns and running a business is no different. There are always going to be things that happen that you can't fully prepare for, but many of the issues that cause the most worry can be covered by insurance, often at relatively low cost."

In fact, when it comes to buying business insurance, it's important to review your options carefully before choosing the ideal policy for you. This is especially important for SMEs as their concerns are, inevitably, different from larger firms. However, many leading financial institutions, including Barlcays, offer a range of for smaller businesses, including small business and self-employed insurance.

Additionally, the burgeoning realm of information provided by the internet means that SMEs will be able to find a variety of advice with which they can equip themselves before deciding what type of to buy. For instance, many banks, financial institutions and providers will offer business tips, informational fact sheets and reports for SMEs in order to give them the most comprehensive overview of their cover.

Consumer comparison sites can also help give business owners a better overview of the market, so they can gauge financial conditions, assess exactly what is out there for them and choose the right product for their needs.Andrew Regan is an online, freelance journalist.


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