Bosses least-protected asset for UK business

According to Royal London, this lack of awareness presents an opportunity for advisers to work with their individual and corporate clients to encourage them to protect themselves and their most important staff.

Mr Smart added: "The reluctance or lack of knowledge shows there’s a huge opportunity for advisers to help grow the business protection market and insure the future of SME businesses in the UK.”

Find out more

Read FTAdviser's Guide to Business Protection, which qualifies for an indicative 60 minutes' worth of CPD.