Stephen Crosbie addresses key questions on why advisers might consider recommending business protection to clients, including the benefits of developing professional connections
Business protection doesn't need to be complicated. With some 5.7 million businesses in the UK - each with their own specific financial needs - you could be missing out on a great opportunity to grow yours. According to the Office for National Statistics, the number of VAT and/or Pay As You Earn (PAYE) registered businesses in the UK remained at 2.67 million in the year to March 2018. Almost three-quarters (71%) are limited companies, with 46% of them being single employee limited companies - highlighting a significant number of businesses whose financial viability relies on just one per...
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