People protection

There are nearly four and a half million businesses in the UK, and the potential market for life cover alone is £500bn. So why are advisers not making the most of the business protection market? To start with the basics: what exactly is business protection? Well, as the name implies, it is a way of protecting a business if something goes wrong. There are four elements to it: key person insurance; director/shareholder protection; partnership protection; and business loan protection. These can provide an essential safety net for businesses of all sizes. Key people Every business has cer...