Insurance Priority Order for SMEs
⏱ 2 min read
Small and medium enterprises rarely have an unlimited insurance budget. Rather than insuring everything, prioritise the risks that could end the business.
Layer 1 — Compulsory
Motor third-party liability for company vehicles and DASK for the building. These are obligations, not choices.
Layer 2 — Business-ending risks
Fire with business interruption, employer’s liability and third-party liability. Any one of these events can consume the company’s entire capital.
Layer 3 — Operations-disrupting risks
Electronic equipment, machinery breakdown, stock and transit. For manufacturers and traders this layer becomes critical quickly.
Layer 4 — People
Group health and group personal accident cover: valuable both for employee retention and for employer responsibility.
Layer 5 — Modern risks
Cyber cover is now a core line for any company holding customer data, selling online or relying on cloud systems. It responds to business interruption after ransomware and to data-breach notification costs.
Annual review
As turnover, stock and headcount change, sums must be updated. Without an annual review a growing business keeps the cover it bought when it was small.
Frequently asked questions
With a small budget, which policy comes first?
After the compulsory ones: fire with business interruption, plus liability cover — the risks that can end the business.
Does a small company need cyber cover?
If it holds customer data or sells online, yes. Ransomware attacks do not discriminate by company size.
Related pages
Insurance advice in Maslak and the surrounding area
“Insurance Priority Order for SMEs” is one of the questions we are asked most often by clients in Maslak 1453, Vadistanbul and Ayazağa. For offices along the Maslak–Ayazağa–Seyrantepe line and technology companies near the İTÜ Ayazağa campus we combine commercial package, liability and cyber cover.
Our office is based in Maslak, Istanbul. We meet clients within a short drive — Maslak 1453, Vadistanbul and Ayazağa — or handle everything by phone, e-mail and WhatsApp, in Turkish and English. If you are searching on your phone for an insurance agency nearby, you can simply call +90 540 384 21 41 or see the related service page.
We compare policies from several insurers and explain the differences before you buy. Contact us or call +90 540 384 21 41.
