Business Protection - A Call to Action

'It has been encouraging to see more providers talking about business protection'

clock • 4 min read

Swiss Re technical manager, Ron Wheatcroft, makes the case for greater action in ensuring businesses are covered with the right protection products

Business protection insurance - what does that actually mean? Many businesses depend on key individuals who can't be replaced easily. Their absence because of long-term sickness, a serious accident or even death, will have a big impact on business revenues and profits. Without a cash injection, the business may have to stop trading, thereby halting the salaries and workplace benefits which come with them. Business protection policies can provide this cash injection and also be used to repay overdrafts, business loans, creditors or accounts with suppliers. For those of us working wi...

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 Business

LifeSearch partners with Gallagher

LifeSearch partners with Gallagher

Focus on SMEs

Cameron Roberts
clock 02 July 2024 • 1 min read
Business Protection: Are advisers doing enough to help clients mitigate risk?

Business Protection: Are advisers doing enough to help clients mitigate risk?

COVER, Talks: Business Protection, watch now on demand

Cover
clock 20 March 2024 • 2 min read
Workplace financial stress costs firms £10.3bn annually

Workplace financial stress costs firms £10.3bn annually

CEBR report shows financial stress is plaguing UK workforce

Sahar Nazir
clock 14 November 2023 • 2 min read