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Cutting corners can leave businesses exposed warns Nottingham insurance broker

Cutting corners can leave businesses exposed warns Nottingham insurance broker

Russell Scanlan is warning local businesses not to cut corners when it comes to insurance cover or risk exposing themselves to expensive liability costs.

Mike Dickinson (pictured), Sales and Marketing Director at Russell Scanlan, is advising companies to stay on top of potential risks to their business and take the necessary cover to manage and protect their operations.

He said:

“Insurance is often seen as a ‘grudge’ purchase. Many businesses understand the peace of mind insurance protection brings but those who don’t get cover are exposing their businesses to the extent it could push some over the financial edge.”

The SME sector makes up a large proportion of the local economy with an estimated 350,000 in the East Midlands (source: BIS Business Population Statistics 2015).  However, due to their size they face a disproportionate burden of cost. Given their importance to the economy in terms of job and wealth creation, Mike Dickinson is urging SMEs to ensure they have the correct insurance cover.

 “No one likes to pay more than they have to for insurance. However, cutting corners or a lack of awareness will be no defence if they are on the receiving end of a liability claim, and it is likely to be much more costly than the original cost of insurance.”

 

Russell Scanlan was established in Nottingham in 1881 by Patrick Scanlan, where it has been based ever since. The company’s Nottingham office is located on Wellington Circus in the city centre. Over the years, Russell Scanlan has developed and prospered, and following a successful management buy out in 2007, it expanded into Leicester, opening an office two years later on the outskirts of the city in the Desford area. The firm currently employs 35 staff across its two offices in the Desford area of Leicester and in Nottingham.


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