Fairfirst Insurance supports entrepreneurship in SMES
Despite playing a pivotal role in the economic development, many small and medium enterprises (SMES) lack the support of risk management, which is why Fairfirst Insurance offers a customisable and comprehensive suite of products tailormade for SMES.
Therefore, with the correct insurance cover in place, entrepreneurs can focus on the growth of their businesses, be it from a roadside ‘kade’ or a warehouse. As opposed to worrying about unexpected events that can slow them down or bring them to a complete halt. This product suite will provide coverage for many businesscritical components such as: inventory/ stock, money within premises or in transit, property, employee and personal wellbeing, business continuity, public liability and cyber security.
These components are protected against situations such as peril, terrorism activities, theft and many more. The customisable policies can be bundled to ensure that total insurance requirements of SMES are met. Purchasing of these policies can be done via visiting any of the 82 Fairfirst outlets or contacting the Fairfirst call centre.
Fairfirst Insurance General Manager Underwriting, Portfolio and Reinsurance Priyantha Perera said, “SMES play a vital role towards the development of the economy as each business is unique in its nature and ever evolving. And as SMES’ needs evolve, so should the support from Fairfirst Insurance, which in turn would ensure our clientele, that they are insured with the correct insurance partner.”
As an empathetic insurer, Fairfirst believes in its customers thereby understanding that each business is unique and important to all business owners, which means making sure that the solutions provided, fit their specific needs.
June 27, 2019 celebrated the SMES. The Government of Sri Lanka recognises SMES as the backbone of the economy, as it accounts for more than 75 percent of the total number of enterprises, provides 45 percent of the employment and contributes to 52 percent of gross domestic production.
Fairfirst Insurance is part of the Canadian-based Fairfax Group. Fairfax, through its subsidiaries, has an international insurance and reinsurance business with a global underwriting reach, longstanding relationships and a broad product range covering retail, corporate and SME sectors. Fairfax has a strong foothold in the growing insurance and reinsurance markets of Southeast Asia, Eastern Europe, West Asia and Brazil.