Research by Suncorp-owned insurer Vero has revealed how much the SME sector values insurance – with 85% having made no changes to their business coverage despite two thirds experiencing a decline in revenue due to COVID-19.
The research, which relied on 500 SME survey responses during the global health crisis, was undertaken to gain insights into the sudden impact of the virus on the sector’s businesses, insurance purchasing behaviour and perceptions of brokers and the overall insurance industry.
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