Post-recession leads to rise in start-ups

The end of the recession has led more people to go in search of advice for self-employment, as they express a desire to be their own boss.

This is according to Stuart Curtis, head of commercial business insurance at Lloyds TSB Insurance, who highlighted that the recession has led people to reconsider their career options.

He continued: "This new breed of entrepreneurs needs to ensure they’re not caught out when trying to cut costs, and that their property, stock and equipment are adequately covered."

Mr Curtis emphasised that some businesspeople are not aware of the risks they are exposed to when starting up their own company, so therefore do not have the necessary cover in place.

A recent poll from Lloyds TSB Insurance showed that 5.9 million businesses across the country are home-based, with 27 per cent of them established over the past year.

Published on: June 6, 2011

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