Vero has launched an expanded version of its SME Risk Profiler tool in New Zealand as firms look for assistance in reducing potential exposures.

Recent research shows 71% of SMEs in the market want their broker to help with assessing and mitigating risks within their businesses.

The tool assists brokers by providing data and insights into a range of industries and includes downloadable resources and checklists to give to customers.

Vero says the new version is more extensive than the Australian Risk Profiler tool it launched last October, and is specifically targeted for New Zealand.

Data from 2018 to 2020 is included by business category as an Industry Risk Report, outlining the most common New Zealand claims by business.

“SMEs don’t always have the time to fully consider every risk while they are busy running a business, so they need their brokers’ support and guidance in this area,” Executive Manager Business Chris Brophy said.

“We’ve made it easier by creating a tool that brokers can use to guide their SME customers through a thorough risk conversation.”