Could facilities management and online insurance help firms cut costs?
April 29th 14:55 Cost Management
UK businesses that are using facilities management as a cost reduction tool could make further savings by purchasing insurance cover online.
According to a new report by financial research specialist Defaqto, businesses are becoming more aware of the benefits buying online can provide.
Data taken from the firm's latest study has revealed that 25 per cent of insurance products aimed at the small enterprise market are now available online.
The research also revealed a 24 per cent increase in the number of online policies available to those working in the retail sector.
Tradesmen (30 per cent) and offices (24 per cent) also saw an increase in product availability.
Mike Powell, Defaqto insight analyst and author of the report, said "This is a trend that is set to continue as businesses can see real benefits from purchasing cover online.
"The industry needs to be alert to the fact that this is the future for small business insurance and continue to develop more products and services that cater for this distribution method."
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