Business Protection. What are the chances...?

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for a pdf of the guide

Please find following a few statistics sourced from recent research*

It is a numbers game after all, but what are the chances it will affect me or you...?

"My top sales consultant suffered a stroke. I lost our biggest client"
25% of businesses questioned had key employee protection
The unexpected critical illness or death of a key person can have a damaging and permanent impact on a business. Key person protection can provide funds to help minimise the impact and allow a business to recover should the worst happen

"My business partner died unexpectedly. I didn't have the funds to buy his interest"
50% of businesses questioned believed the death of a key employee would have a severe impact on their business
Remaining partners could lose control of the business in the event of the death or critical illness of a partner. A partnership protection plan can provide continuing partners the funds and the right to allow the interest to be purchased

"It'll never happen to me..."
60% of businesses questioned did not have, or did not know if they had, a financial safety net when considering protection of key employees, loans or control of their business.
In a business with 4 key male employees there is a 68% chance** that 1 will suffer a critical illness before they retire. The absence of an important employee can damage a business in a number of ways. In a moment it could lose key skills, experience and contacts.

"One of our shareholders died suddenly and his wife sold his shares to our biggest competitor"
73% of businesses questioned had no shareholder or partner protection
Remaining shareholders could lose control of their business in the event of the death or critical illness of a shareholder. A shareholder protection plan can provide continuing shareholders both the funds and the framework to purchase shares from the shareholder or their estate.

"I suffered a heart attack. As a sole trader, if that wasn't enough for me and my family to deal with, I was then unable to repay my business loan"
79% of businesses questioned had no corporate loan protection.
Whether a sole trader or a director the implications of being unable to repay business debt can have a damaging and permanent impact. Loan protection can provide a sum of money to ensure the repayment of business loans in the event of the death or critical illness of the person covered.

*Scottish Provident small business risk research January 2011 : interview of 208 small business decision makers
** Munich Re, 2007

Since 1999 Business Protection has formed an important part of corpoarte financial planning for Green Financial clients.



Too often the risks to businesses from the loss of key personel or shareholders are overlooked.


If you'd like me to provide a risk assessment of your business, where we 'look for the loss' I'd be delighted to help.


If we find no loss, then you don't need insurance. If we do find a situation where the unexpected absence of an individual, usually through death or illness, would cause loss for the business, the shareholders or their families then you may wish to consider insurance.



contact us at http://www.iangreen.com/ if you'd like a pdf of the guide (below)