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⍰ ASK What are the common risks that companies in the UK face and need insurance for?

Companies in the UK deal with common risks that need insurance to handle potential money losses. One big risk is damage to property, whether from accidents, natural disasters, or unexpected events. Property insurance helps cover the cost of fixing or replacing things that got damaged.

Liability risks are also important, and public liability insurance helps businesses with claims from third parties for injuries or damage that happen on their property. Employers must have employers' liability insurance to deal with the risk of employees getting hurt or sick while working.

In the digital age, businesses face cyber threats, and cyber insurance is crucial for dealing with the financial impact of things like data breaches and cyberattacks that could expose sensitive information.
 

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