Prior to lockdown, over half (51%) of businesses had some form of debt, owing an average of £176,000 each – and yet just 20% used an insurance policy as security. To add to this already significant issue, bank lending to struggling businesses via government-backed COVID-19 loan schemes reached nearly £52bn as of mid-August 2020 – meaning that UK bu...
Business protection is a crucial element in a company's financial future, but how many have cover in place? You may have covered the tangible assets in your business, but have you protected the most important asset; the people who contribute directly to your bottom line? If the answer is no, you could be putting your business at risk. A...
During the past few months, millions of businesses have been forced to shut temporarily, with employees furloughed or working from home under very difficult circumstances. With various business sectors reopening in July, many have suffered significant financial damage due to lockdown. For some businesses, productivity has been lost due to illness a...