Vitality: One-third of businesses not insuring against key person loss

A survey of over 500 business owners conducted in early February found that one-third (34%) of respondents weren't insuring against the impact of the loss or ill health of key employees, despite admitting that their organisations would fail if they or a key member of staff passed away or had a severe terminal illness. The survey showed a lack of uptake in business protection despite the impact of the Covid-19 pandemic highlighting the importance of health, as 73% of business owners indicating they were now more aware of their own health and 84% saying they were more concerned for the hea...