How to protect your firm when you lose key staff

Losing a director or key player through illness or death can hugely impact a firm both financially and structurally. With the economic outlook still so unpredictable, protecting a business for such an event is even more vital. Yet new research from Legal & General and the Institute of Directors (IoD) says the business protection gap is not getting any smaller. This year, it stands at a staggering £1.1trn. Industry commentators believe this gap provides an opportunity for IFAs to advise on business protection. What is business protection? The business protection market is predomin...