Almost two-thirds (63%) of small, family-run businesses would not survive the loss of a key member of staff, according to Scottish Widows.
However, the Scottish Widows Business Protection Report found the majority of businesses are still reluctant to protect themselves from the unexpected. Only 6% of UK businesses have financial protection...
'Rely on plan B'
Group protection and health
'Truly making a difference'
Tom Baigrie, the chief executive of protection broker LifeSearch, has hit out at product providers for pretending to "police" advisers' relationships with their customers, a practice he dubbed "institutional petty theft".
Scottish Widows is considering re-entering the IFA protection market, possibly in 2014.
Clients are like family
'Regulatory failures' during FCA tenure
Legal battle ongoing