Commercial insurance ‘not fit for purpose’

Kashflow logo
Robert Lovell
Share this content

UK businesses are exposing themselves to significant and unnecessary losses due to 'serious flaws' in the way their corporate insurance policies are arranged, according to a new report.

The new Mactavish/PwC study of commercial risk reveals serious deficiencies in how corporate insurance is arranged and the role of boards in governing those arrangements. According to the research this is leaving companies vulnerable in the event of a large loss and subsequent dispute with their insurer.

Bruce Hepburn, chief executive of Mactavish, said: “The deficiencies the report reveals in how insurance is arranged are disturbing. What we see today is a system that has prioritised low transaction costs above reliable insurance policies.

Please Login or Register to read the full article

The full article is available to registered members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.