The vast majority of private sector businesses in the UK are small to medium-sized enterprises. As a business owner you will be only too aware of how dependent its continued success can be on a small number of people and their skills and hard work.
Smaller businesses are particularly vulnerable to their owner-managers or a key sales or technical director becoming incapacitated, and ‘key man’ insurance can be crucial in protecting a business in the event that tragedy strikes.
Some business insurance policies are compulsory such as employers’ liability insurance if you have employees, and third party motor if you use motor vehicles. But you might also want to consider help with other areas of insurance such as financial security and medical assistance for you and your employees in the event of illness.