Steven Dean: How GIP can help business clients meet legal requirements

Group income protection

clock • 3 min read

In the second in a new series offering protection non-specialists an insight into the group risk market, Steven Dean outlines how group income protection policies can offer legal support to business owners

The world of business is never short of new rules for company owners to keep track of - employment law, regulations, health and safety - the list can feel endless. Many companies do not have in-house legal support and the cost of hiring legal consultants can be astronomical. Research by LawBite found small and medium-sized enterprises (SMEs) need legal help up to eight times a year. Taking this into account, the costs really stack up when you consider that a solicitor can charge upwards of £200 for an hour of their time. For financial advisers specialising in protection, advising clie...

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