All senior managers, directors and business owners need to consider putting in place suitable business protection policies. If a key person within an organisation dies, or experiences illness or disability, the ability of the business to function effectively can be affected. The business might lose a vital source of funding as a result, not to mention the loss of the individual’s knowledge, skills and experience.
Indeed, it’s no exaggeration to say that potentially losing the services of a key person within the organisation is one of the main risks facing businesses in today’s climate.
Having appropriate life insurance and protection against illness can help mitigate the potential financial effects of these situations.
We can also advise on appropriate business protection cover for self-employed individuals, contractors and partnerships, as well as for limited companies.
John Lamb Hill Oldridge has extensive experience of advising on and arranging various types of business protection insurance.