The Covid-19 pandemic has increased interest in taking out business protection among SME business owners, Legal & General research shows.
The insurer's annual State of the Nation 2021 research, which surveyed more than 500 UK SMEs, found that there has been a shift in perception as a result of the pandemic, with four in 10 businesses "wishing they had done more in advance." Just under half of respondents stated that the pandemic has made them more likely to take out business protection for the possibility of loss of their key people, while 50% of respondents said they were more likely to take out protection on their business loans. Almost all respondents (97%) stated that they are looking to professional advisers for ad...
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.