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Business loan for countering office crime wave
Reported on Thu, 22 Jun 2006
Incidents of business crime are on the increase and denting the profits of small and medium-sized enterprises, according to new figures, but taking out a business loan could help affected firms to put a recovery plan in place.
New data released by the Axa business crime index shows that the average cost of a crime related business insurance claim during the first three months of 2006 came to £4,179.
This represents an increase of six per cent on the last quarter of 2005, when the corresponding figure was £3,942.
Neil Mercer, property insurance manager at Axa, commented: "Although our figures show a decline in the number and total cost of business crime, this is still a serious problem that is costing small and medium-sized businesses well over £700 million a year."
Axa's study claims that arson is the most financially crippling crime a firm can face, but theft is the most common problem reported by insurance claimants.
A business loan could provide support for companies hit by theft, arson or other forms of crime in order to overcome a period of potential financial loss.
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