Are Small Businesses Are Playing a Dangerous Game with Insurance?
3rd February 2025
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Molly is from Think Insurance, and what I learned was shocking: many start-ups and small businesses are unknowingly leaving themselves wide open to risks that could shut them down overnight.

From unexpected accidents to costly legal disputes, the gaps in insurance knowledge are staggering. But what’s worse? Many entrepreneurs don’t even realise they’re gambling with their business’s future.

The ‘It Won’t Happen to Me’ Mentality

Too many small business owners believe myths that could cost them everything:

✅ “I work from home, so I don’t need insurance.” – But what happens if a client sues you for bad advice or a data breach?
✅ “My business is too small to be a target.” – Yet small businesses are often the most vulnerable, whether it’s a customer injury, a contract dispute, or damage to rented premises.
✅ “I can’t afford insurance right now.” – Can you afford a legal claim or property damage without it?

It’s a dangerous mindset. Ignorance isn’t protection—it’s a liability.

Read the full blog at >> https://gotruenorth.uk/insights/the-hidden-risks-that-could-sink-your-small-business-are-you-covered/

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About the Author

Neil Betts

Member since: 16th October 2024

As a Management and improvement systems coach, I help organisations, business owners and individuals improve their business performance. With an ability to see the big picture, I can identify strategic...

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