Regular business protection reviews are 'crucial'

Half of companies consider cancelling policies

Adam Saville
clock • 2 min read

Research highlights how regular adviser contact can help meet changing needs of clients

Nearly half (49%) of companies with business protection had considered cancelling cover in the past, research from Vitality has suggested - this is despite almost a half (48%) feeling as if it gives them peace of mind and close to a quarter (23%) believing it is good value for money. Around a third (32%) said they value the fact it covers them for the long-term, while a fifth (20%) said business protection does not have the high annual payments compared to other business costs. However, firms said they considered cancelling cover due to the premium cost (13%), followed by businesses t...

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