The SME risk audit: 10 questions business owners don’t ask until it’s too late

As a small business, you’re doing ALL the things. And we know that ‘do annual business risk assessment’ is unlikely to be at the top of your ‘things I really want to do today’ list.

But robust insurance cover is kind of a cornerstone of effective risk management for SMEs, and a single uninsured event or underinsurance can cause severe financial disruption, halt operations and, in some cases, threaten long-term viability.

So, here’s a printable business risk audit to help you identify risks, spot potential underinsurance gaps and check operational exposure.

Helping you risk less

Having insurance in place is only part of the picture. The real value comes from reviewing your cover regularly, keeping information up to date, and making sure your policies reflect any changes in your circumstances. A quick annual check can help you spot gaps early and avoid underinsurance, so you’re properly protected if something does go wrong.

If this audit has thrown up questions or concerns and you’d like to discuss your insurance (or simply want reassurance), our experts are always on hand to give advice.

Speak to a member of the Macbeth Team on 0118 916 5480