We’re proud to announce the latest edition of our award winning bi-annual business protection report, ‘State of the Nation’s SMEs’.

Now in its eighth year, the most recent survey delivers key insights into the SME market and throws into light the serious protection gap facing some UK businesses and the subsequent need for expert financial advice.

Key findings include:

  • 53% of the UK’s small businesses think they would cease trading in less than a year, should a key employee die or be diagnosed with
    critical illness and unable to work.
  • 65% have some form of business debt with borrowing increasing 14% on 2013.
  • 51% of UK business owners leave no instructions about company shares in a Will.

Richard Kateley, Head of Intermediary Development, Legal & General said:    

“We have been running this research since 2009 and have become the market experts. Not only in the need of Business Protection but also the lack of awareness of the risks that face many SMEs which they may not be aware of.”

Our aim is to drive the right conversations to help business owners on business risk. 

Many owners are focused on the day-to day pressures of running their business and its profitability. However, a high number lack vital cover for unforeseen events or possibly are unaware of the risks that they may be facing.

With the right knowledge, businesses are better placed to make the right decisions in protecting themselves. This begins with adviser/client conversations and properly evaluating the risks a business faces.

It’s all about helping to Get Business Assured.

Read the full report here

Step by step support

To help you start the necessary conversations with SMEs we have put together a handy online step by step guide to breaking into the market. Whether you’re new to business protection or experienced in the market already, our online guide can help develop your business model and give you advice and top tips on how to tackle this market.

CII Award

The fourth edition of our State of the Nation's SMEs research report won the ‘Best Campaign (B2B) in the Public Interest’ at the Chartered

Insurance Institute (CII) Awards 2016.