I will be posting quite a lot on this subject over the coming weeks; as a business we have seen recent examples where the lack of this type of cover has brought companies to the brink of failure, and all due to events completely out of their control.
As business people, we often spend hours and hours in meetings discussing strategies and business progression, but one aspect often overlooked by company directors isnt the insurance on their cars, or public liability, but on the people themselves.
I read an article recently that suggested that less than 5% of companies in this country have any form of Key Person Insurance (previously referred to as Key Man Insurance) versus 25% in the USA.
If this causes you concern, or you think a review of your companies position would be beneficial, then please contact us on 01482 658989.
Managing Director / Independent Financial Adviser