Did you know that, by the start of 2014, the Department for Business Innovation and Skills estimated that 99.3% of UK private sector businesses were small and medium-sized enterprises (better known as SMEs)? Their combined £1.6 trillion annual turnover accounted for 47% of private sector turnover.
Since that survey was published it’s safe to say that those numbers of increased further. Here at Kingsbridge, we often encounter scenarios where a contractor we insure has developed their business and has now taken on employees. In previous years we wouldn’t have been able to insure them, but now we’ve introduced our own SME insurance product which has been designed to meet the needs and exposures of companies with up to 5 employees in an administrative role or a fee earning capacity.
The contribution that both individual self-employed workers and SMEs make to the British (and world) economy is vital. At Kingsbridge we want to grow with our customers. Now when you move to the next level, we can move with you.
If you’d like to know more about our SME product it’s simple – just call one of our dedicated Customer Service Advisers on 01242 808740.