The business lifecycle: why a bespoke approach to business protection matters

clock • 5 min read

Every business has a lifecycle and advisers can improve their chances of selling business protection policies if they take the time to tailor their approach to each client that they're looking to speak with, says Richard Kateley.

Doing some research into the business so that you're not taking irrelevant or unnecessary products to them will save you time in the long run, be much appreciated by the client and work in your favour. The start-up To put it more succinctly, if you were to meet with a client that runs a start-up business and suggest Share Protection, you would likely struggle to convince them of the relevance of the product you are offering. A new business is likely to have little or no value, or may even be privately owned, so a share protection may not be the best angle to lead with.  However,...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

One quarter of high earners have no protection

One quarter of high earners have no protection

Vitality research findings

Jaskeet Briah
clock 30 October 2026 • 2 min read
Budget 26: Self-employed fathers and partners to be eligible for paid parental leave

Budget 26: Self-employed fathers and partners to be eligible for paid parental leave

Two weeks of support currently worth up to £194 a week

Jaskeet Briah
clock 28 October 2026 • 2 min read
Budget an opportunity to review IP and Universal Credit: iptf

Budget an opportunity to review IP and Universal Credit: iptf

Letter to PM Andy Burnham

Vicky Churcher
clock 26 October 2026 • 3 min read