Aegon UK has enhanced its business protection proposition by improving its Relevant Life policy.
More than half of companies (55%) would fail if they lost one or more key people to illness, incapacity or death, yet just one in five companies have protection, according to Scottish Widows.
Legal & General has unveiled improvements to its financial underwriting process for high sum assured business and business protection.
Distributors ‘would welcome' new entrants into the protection market to integrate new business processes, research has found.
Aegon UK has announced improvements to the underwriting requirements for both personal and business protection.
The majority of small and medium sized enterprises (SMEs) have no key worker protection in place, despite death of a business owner emerging as the most disruptive potential scenario a business can face.
PruProtect and Ageas, have launched a business protection proposition for First Complete advisers' business clients.
Bright Grey has launched its relevant life plan as a separate product outside its business protection menu.
Businesses across the UK are exposing themselves to serious financial risk through the absence of share protection insurance, according to Legal & General.
Legal & General has partnered with Unbiased.co.uk to form a campaign to tackle the UK's business protection gap with the help of advisers.