Third of UK SMEs would buy insurance direct says survey.

(From InsuranceNewslink.com)

QBE has surveyed the UK SME market.

Key points are;

-75% of UK SMEs say competitive price is key factor in buying business insurance

-A third would rather buy business insurance direct, rather than via a broker

-Only 16% of UK SMEs will look to the insurance industry for advice in the first six months of 2010

QBE's third survey of small and medium sized enterprises (SMEs) identified that the majority, 75%, of UK SMEs, view a competitive price as the most important factor when buying insurance-a sentiment that perhaps indicates recession-related cost constraints are still driving UK business decision …