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The money.co.uk business insurance team analysed the percentage of businesses that were victims of one or more crimes in the past year, including fraud, to reveal the industries with the highest rate.
The UK sectors with the highest rates of crime:
Businesses who were victims once or more of any crime including fraud in the last year in (England and Wales, 2022/23)
|
42% |
| 2. Transport, accommodation, and food | 36% |
| 3. Other services | 35% |
| 4. Manufacturing | 30% |
| 5. Construction | 27% |
| 6. Primary and utilities | 26% |
| 7. Information and financial services | 16% |
| 8. Business services | 14% |
| All sectors | 28% |
- The sector most hit by crime in the UK is Wholesale and retail, where more than two in every 5 companies (42%) reported being victims of crime.
- Transport, accommodation, and food have the second highest prevalence of crime with over a third of these businesses (36%) experiencing crime.
- Business services recorded the lowest crime rate at just 14%, well below the industry average of 28%.
Further Study Insights:
- In the overall ranking of the riskiest industries for UK workers, the wholesale and retail trade comes 7th with a score of 5.18/10. This is based on the number of workplace illnesses and injuries.
- Alongside falling victim to the largest number of crimes, the wholesale & retail industry also ranks in the top 7 for the highest number of fatal injuries, with an average estimated incidence of 15.
Kyle Eaton, money.co.uk business insurance expert, said: “A business in any industry should have good business insurance. This means a policy that has the right amount of cover for the business’ needs at the best price. Depending on how risky your operations are, the cost of your policy will change.
“Business insurance is super important in risky industries. Business insurance will protect employees and businesses from financial losses resulting from unexpected events such as workplace injuries, illnesses, or crimes.
“It’s worth finding policies that offer comprehensive cover at the lowest cost. You’ll be able to do this by shopping around and comparing offers tailored to your business by cost, level of protection and any extras available.”
