Insurance is vital for MSMEs as it protects assets from unforeseen events like fire or theft, allowing businesses to recover without exhausting their reserves. While many owners see insurance as unnecessary or costly, options like SOMPO FlexiSME offer flexible, tailored coverage and expert support to ensure affordable protection that fits each business’s unique risks. Phang Yin Peng, Chief Consumer Officer of Berjaya Sompo Insurance tells us more.