Vero launches online tool to help SME customers identify their business risks and gaps in their coverage

Tuesday, 6 September, 2016

Vero has developed a free, online risk analysis tool designed to help current and prospective broker customers identify their biggest business concerns and any gaps in their insurance coverage.

Brokers can use the interactive tool, the ‘Risk Gap Calculator’, to help their customers understand the level of insurance coverage they need to protect their businesses.

The Risk Gap Calculator has been developed in response to one of the key findings of the Vero 2016 SME Insurance Index, which identified that SME owners’ biggest fears.

The Index revealed that 32 per cent of SME owners are very concerned about being unable to trade, and 31 per cent fear the consequences of their equipment and machinery breaking down.

However, 80 per cent of SME owners also do not believe they have Business Interruption or Machinery/Equipment Breakdown cover to ease these concerns.

This clearly shows that there is a knowledge gap about business risk and insurance in the SME market.

The Risk Gap Calculator is an online questionnaire, which asks customers a few simple questions about their business concerns and existing insurance cover, and then identifies any potential gaps in their coverage.

Brokers can use the tool to begin conversations with their existing and prospective SME customers about their risk exposures, and help close this knowledge gap.

The Risk Gap Calculator is available now through the VeroCentral website.

 

For further information contact:

Rob White
External Relations Manager
Commercial Insurance
Suncorp Group
Ph. +61 2 8121 0467
Mob. 0411 881 887
rob.white@suncorp.com.au

Jake Krausmann
Senior External Relations Adviser
Commercial Insurance
Suncorp Group
Ph. +61 2 8121 0469
Mob. 0411 409 074
jake.krausmann@suncorp.com.au

Michael Mills
External Relations Adviser
Commercial Insurance
Suncorp Group
Ph. +61 2 8121 0492
Mob. 0405 805 489
michael.mills@suncorp.com.au