The rise of Simply Business – which now reaches more than 800,000 customers – continues at pace after it struck a deal with a leading insurance provider and two of its brands.
In a release making the announcement, the companies described the move as well timed as the micro-SME shop product, in particular, will offer SMEs access to a wider choice for their insurance needs as they prepare for the reopening of the economy post-lockdown. Simply Business reports that over the last 12 months it has seen more than 300% demand in online shop policies, and a 260% rise in high street policies.
“COVID-19 has had a huge impact on all of us and that’s especially true for small businesses,” said Simply Business CEO Alan Thomas. “That’s why we’re delighted to partner with an iconic insurer like RSA to help provide yet more strong brands and even greater choice to our SME customers.
“Owning a shop is about so much more than premises and operations, they’re built by hard working people. And together with RSA we’re working to make sure there are fewer worries after a challenging year. Our data shows there is a growing demand for shop insurance with SMEs across the country starting to kickstart or open their operations - it’s important we can support small businesses knowing that they will be crucial to our collective recovery.”
Meanwhile, RSA’s SME director Rob Flynn said he was “delighted” with the partnership.
“As Alan notes, small businesses are the lifeblood of the UK economy and play a critical role in our society,” he said. “We are proud to play our part in supporting them to realise their full potential.”
