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ARTICLE · 07 DECEMBER 2009

Prevention Is Better Than Cure

Smith & Williamson
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Do you have the necessary protection in place to safeguard your business? Running your own business may leave you little time to consider your financial future, but what would you do if a critical illness, such as heart attack or stroke, forced you to be absent from work?

United KingdomEmployment and HR
Sharon Grubb
Sharon Grubb

Do you have the necessary protection in place to safeguard your business?

Running your own business may leave you little time to consider your financial future, but what would you do if a critical illness, such as heart attack or stroke, forced you to be absent from work?

Recent research conducted by Legal & General across 1,000 members of the British Chamber of Commerce has revealed a significant gap in business protection (the survey highlights are shown in the box below).

Failing to address what would happen on the death or critical illness of a business owner, or key person, could have significant financial consequences for the business and remaining shareholders. Ultimately, it could even result in the failure of the business.

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