In the latest research carried out by PolicyBee, it was found that small businesses are quite perplexed with Professional Indemnity Insurance and it causes quite the confusion. This confusion and lack of understanding resulted in around 40% of respondents not getting a professional indemnity cover, leaving them exposed.
hiscox
In the second Hiscox Cyber Readiness Report, conducted by Forrester Consulting, it was found that nearly three quarters of the 4,103 organisations surveyed, lack strategy when it comes to cyber security. 73% of organisations are deemed cyber novices, with the three categories being ‘cyber novice’, ‘cyber intermediate’ and ‘cyber expert’, and only 11% of organisations that participated in the study were deemed cyber experts.