Direct Line for Business has found that one in six (320,000) of all SMEs in the UK have suffered from poor professional advice from consultants, resulting in £6.4bn worth of damage to enterprises in the past 12 months.
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Nearly 70 per cent of home businesses are started by entrepreneurs who are running an SME for the first time, according to research commissioned by Direct Line for Business.
Whether a choice or a necessity, running a new business from home is inevitable for many entrepreneurs – but few realise that home insurance will not protect their business. Jazz Gakhal, Head of Direct Line for Business, explains why it’s essential to get the right type of cover for your SME.