Size matters
While small to medium-sized enterprises have many issues in common with their larger counterparts, their insurance requirements differ in many ways. Alec Finch examines the areas in which the demands of the large corporates and multinationals differ from those of the typical SME client
The insurance needs of large corporate and multinational companies may be specific, but they can be served well by regional brokers and are not the preserve of the global or national players.
Companies House tends to recognise a company as a small to medium-sized enterprise if it has between 50 and 250 employees and an annual turnover of less than £12m. The Department of Trade and Industry, the British Bankers' Association and the European Commission all have similar - though different -
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