SME Market Barometer - Opportunities for brokers

There is a sense that legal insurance is for large businesses and that smaller businesses have to struggle through on their own. Yet research produced by DAS shows that every business we surveyed, regardless of their size, experienced at least one legal issue in the past 12 months.

Designed for insurance brokers, this Market Barometer examines the attitudes of SMEs towards growth and a range of business issues, with a particular focus on legal issues.

Download this report for insights into the SME market, SMEs usage of legal expenses insurance and how you can educate your clients about the benefits of LEI.

Some of the key research findings were:
• 55% of SMEs believe they will grow over the next 2-3 years.
• Compliance, tax and health and safety are the most important legal issues for SMEs.
• As businesses grow, they are more likely to use brokers and involve more decision makers when they buy business insurance.
• 37% of SMEs had encountered legal issues related to chasing payments from customers/debtors.
• In 2016, 'commercial contract disputes' ranked first for the type of commercial claim received by DAS.