Is it time to start lobbying the government to help insure SMEs?
News editor's view: Despite business insolvencies increasing year-on-year, SMEs are still not taking out insurance and, when they do, they often remain underinsured. Is it time for the government to step in?
According to the Insolvency Service, business insolvencies jumped 30% in 2022 to the highest levels it has seen in 13 years – just after the economic crash in 2009.
Total company insolvencies
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