In the first part of two articles, the SJP protection expert examines the elements involved in key person assurance for business protection
In the midst of the latest lockdown there have been a great deal of column inches outlining both the short- and long-term impact to the economy, despite the growing green shoots of UK vaccination targets being exceeded. According to HMRC, some 9.6 million jobs had been furloughed under the Coronavirus Job Retention Scheme (CJRS) by September 2020. Advisers that are perhaps not as familiar with business compared to personal protections may be surprised to learn that small-to-medium enterprises...
'It has been encouraging to see more providers talking about business protection'
Premiums should always be met by the business'
Maximum terms increased
To embed people risks into business insurance offering