Steve Bridger: Simplifying protection for SMEs

clock • 3 min read

Aviva's MD of group protection discusses the current complexity for SME employers when choosing life insurance for their workforce

Small-to-medium sized enterprises (SMEs) - businesses with 250 employees or less - account for 99.9% of all UK businesses and 52.3% of all UK employees1. Despite nearly every business in the UK falling within the SME bracket, they are often underserved by insurers and advisers, many of whom could be missing out on valuable potential corporate opportunities. This is particularly prevalent when it comes to life insurance, with just 14% of SMEs currently providing life insurance to all their employees2.  SMEs missing a trick While many SMEs may have less to invest in workplace bene...

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 Group Protection

Yurtle launches caregiver insurance for employees

Yurtle launches caregiver insurance for employees

Cash support to reduce unplanned absences

Jaskeet Briah
clock 04 March 2025 • 3 min read
Male employees call for increased mental health support

Male employees call for increased mental health support

30% unsure where to turn for help

Jaskeet Briah
clock 28 February 2025 • 2 min read
Gender disparity in workplace wellbeing

Gender disparity in workplace wellbeing

YuLife research

Cameron Roberts
clock 19 February 2025 • 2 min read