A need for greater protection

Only about one in 10 of the working population has income protection (IP) cover, despite the fact th...

Only about one in 10 of the working population has income protection (IP) cover, despite the fact that most insurance providers acknowledge that it is a more important product than alternatives such as critical illness cover. This may partly be because only 35% of intermediaries consider it to be more important, while 50% think it has equal importance with other products. Another neglected area is key person cover, which is particularly important for small companies. The need for both these types of cover is underestimated: businesses can lose badly if certain members of staff are absent, ...