RSA warns on risks to small firms

RSA has warned small businesses not to become complacent when arranging insurance cover.

A study by RSA last year found that 41% of all UK companies became more conservative during the recession.

David Greaves, SME trading director at RSA, said: "While some business risks tend to be reduced during times of growth compared with recession, they are always present and it is important that businesses ensure they have the most appropriate cover at all times."

RSA said the most important areas of insurance cover for small businesses were business interruption and professional indemnity.