Thursday 18th January 2007
Lloyds TSB has suggested that considering insurance options may be a strategy for its business banking clients to avoid Blue Monday on January 22nd.
The date has been specified by academics as the day when hardships caused by festive overspending begin to hit home.
Meanwhile, up to a third of small businesses in the UK cited fear of failure and financial loss as the main causes for concern in a recent Lloyds TSB survey.
Gary Hurry, senior marketing manager at Lloyds TSB Insurance, said: "Establishing the right insurance cover for your business will protect you against blue moods in the future."
"It is essential to focus on making sure you have all your bases covered and that you know where to go for insurance advice," he added.
The insurer is encouraging businesses to "get back on the wagon" and not renege on New Years resolutions to rearrange their business banking strategies.
Business insurance from Lloyds TSB covers against losses through break-ins and theft, as well as fire and other unforeseen circumstances.
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