SMEs within the growing service led economy continue to pull the UK out of recession and into more buoyant commercial waters. Finaccord estimates that the professional indemnity market across ten European countries will be worth €7.5 billion by 2017.
This has created an exciting opportunity for brokers and insurers to discuss the changing nature of the service sector and the new professional indemnity risks/exposures that smaller businesses and sole practitioners now face.
This infographic illustrates the specific risks SMEs are exposed to and highlights how brokers can add value by providing guidance and advice to clients.
• Global PI exposures for expanding businesses.
• Evolving PI risks.
• Small businesses and the UK service sector.
• The PI market at both a European and UK level.