Firms could find meeting business insurance costs and other expenses to be more challenging during the fragile economic climate as new research shows a fall in organisations' confidence.
Research carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) reveals a four-point fall in the Business Confidence Index between the second and third quarters of 2010.
With the index now registering a score of 21.5, businesses - which may include those with commercial insurance - could be taking a less optimistic approach to recovering from the economic crisis.
The study also shows one in five firms feel less confident about the year ahead.
"UK businesses that came through the recession are now facing the challenge of surviving the recovery. They still don't know what the future holds and are uncertain about how the mood of fiscal austerity will impact the economic recovery," ICAEW chief executive Michael Izza states.
Such comments follow a recent Lloyds TSB study noting concerns among businesses about home-grown demand for their products and services.
Meeting commercial insurance costs could be one area of concern for firms, but taking the time to seek out a competitively-priced comprehensive policy could allow them to free up resources to tackle other areas of their business with greater confidence.
