Third of SME owners have no biz protection

Business is main source of income for 67% of SME owners

clock • 1 min read
Third of SME owners have no biz protection

A third (34%) of SME business owners do not have any form business protection in place, posing a threat to their financial security according to research from Vitality.

This is despite 67% of SME business owners admitting their business is their main source of income. In a survey of 501 business owners, Vitality found that many owners had simply not considered a worst-case scenario and how their finances would suffer if their business could not function. Two fifths (41%) of respondents admitted they had never considered the impact if they or a significant person were unable to work through illness or death. In this scenario, only 20% believed...

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