Many SMEs do not protect 'most valuable asset'

'Too many fall into bankruptcy because they have not protected key people’

There were 5.6m small businesses at the start of 2018, with SMEs accounting for 99.3% of all private sector businesses and 99.5% of businesses in every main industry sector
There were 5.6m small businesses at the start of 2018, with SMEs accounting for 99.3% of all private sector businesses and 99.5% of businesses in every main industry sector
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Swiss Re's 'vulnerable business' report shows 'modest' business protection sales

Ahead of this year's Term & Health Watch report, Swiss Re has released the findings of its ‘The vulnerable business' report, which looks at level term assurance (LTA) sales data for business protection. According to the report, sales volumes are ‘modest', showing a 10% increase year-on-year between 2016 and 2017. For 2017 this amounts to 2.5% of all LTA sales with and without critical illness (CI). The LTA sales total for 2016 was 19,091 compared to 21,187 in 2017. Average sum assured in 2017...

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