Gargash Insurance Highlights Insufficient Coverage Among SMEs, with Nearly 50% at Risk

Gargash Insurance- insurance broker- SME insurance- business insurance- UAE 26 Oct, 2023

Gain valuable insights on the potential risks faced by SMEs due to insufficient coverage through this detailed report by our Managing Director, Mr. Mustafa Vazayil, featured in Khaleej Times.

A significant portion of SMEs in the UAE lack sufficient insurance coverage, with around 50% being underinsured. This is primarily due to a lack of understanding and awareness of operational risks, limited knowledge about insurance products, and emerging risks like cybersecurity. 

The number of SMEs in the UAE is expected to increase by 80% by 2030 and SME owners should recognize that insurance is a necessity, not a luxury. 

Dive into this article by our MD, Mr. Mustafa Vazayil, for expert insights and strategic tips on insuring SMEs.

Click here to read more. 


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