When size matters.

Insuring small businesses can be time consuming and is not always profitable. However, brokers and intermediaries are seeing the value of using new technology to write the business and increase efficiency, says Simon Threadgold.

The trouble with insuring small businesses is that it takes too long.
Insurers traditional underwriting procedures are highly
labour-intensive.


And methods used by brokers are cumbersome and time-consuming.


Typically, putting a shop or office package policy on the books takes
several man hours, spread over a period of weeks from first enquiry to
receipt of correct documentation. Disproportionately high administration
costs and service delays by insurers have meant that the customer has had
a poor