Businesses run by women are more financially sound and less likely to fail than those owned by men, new research claims.
According to the report by SimplyBusiness.co.uk, a willingness to take more risks means male entrepreneurs cost insurers 60% more to provide insurance cover for than their female counterparts.
In the survey of 200 men and 200 women running companies with under 20 employees, half of male bosses claimed to have a 'risk-confident' attitude compared to less than a third of women.
When asked about actual risk taking, 47% of males admitted to being risk-confident in their behaviour, compared to 29% of women. More men, for instance, said they would rather be one of 10 entrepreneurs pitching for a £1m contract than one of three vying for a £100,000 deal.
The business insurance comparison service also claimed that women are more fiscally responsible. Some 23% of female business owners have had a company cease trading, be taken into administration or be declared bankrupt in the past, compared to 34% of men.
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