Firms could be reviewing their business insurance needs to make sure they are adequately protected as a new survey suggests many are still struggling to access bank finance.
According to research by the online marketplace eBay, one in three small and medium-sized companies has been unable to obtain new lines of credit from their bank.
The report names some of the UK's biggest financial institutions and claims they are still not supporting businesses that are coming to them for loans.
Jody Ford, a spokesperson for eBay UK, said: "It is unacceptable that a third of SMEs are still unable to access finance.
"SMEs have a difficult job trying to protect their profit margins and keep costs down, so it's concerning to see so many businesses being forced to rely on expensive bank overdraft facilities."
Business insurance could prove to be a valuable commodity in such a climate, providing cover in a range of circumstances relating to the uncertain economy, including loss of accounts receivable.
