A significant number of small firms - which could include those in possession of small business insurance - are unhappy with the level of support they have received from their high street bank.
This is the assertion of the Federation of Small Businesses (FSB), which notes that one in four such companies - the equivalent of 1.2 million organisations - have felt dissatisfied with their financial services provider over the past 12 months.
And among the issues that business insurance customers could be displeased with could be the location of their bank manager, as 46 per cent of respondents state that such a financial professional is not based near them.
"The future health of the economy depends on restoring trust between small firms and the banking system, as turning ideas and innovation into business growth requires a reliable financial partner," John Walker, national chairman for the FSB, states.
Firms considering their business insurance and other financial products may also want to bear in mind his comments that the government needs to develop alternative forms of banking for small firms in order to bring greater competition to the financial services sector.
Research carried out by the FSB in April revealed that less than one-fifth of small firms have approached their bank for credit, with only half of these being successful in their request.
