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  • 600+ Business Solutions - Half would fold if a key person died
    Half would fold if a key person died..Key figures. There are around 4.9 million companies in the UK and 98% of them employ fewer than ten people. However, research released in May 2017 by Legal & General in its “State of the Nation’s SMEs’” report has found that at least 48% of them would have to permanently close down if a key employee became seriously ill or died. This is simply because they don’t have key person insurance (KPI), which is sometimes called key man insurance. Costs. KPI is designed...
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