Businesses often protect their premises, stock and vehicles, but what about their people? The loss of someone who is vital to a company’s operations can be hugely detrimental to the profitability or even survivability of a business.

The death of a business owner can be devastating for a company and the family, especially when the life is uninsured from a business and personal perspective. But it is just as important to safeguard against critical illness.

Statistically, people are far more likely to suffer a critical illness than die during their working lives – this is more pronounced for business owners and more still for male business owners. Data shows that a 40-year-old male business owner has a 41% chance of getting a critical illness before the age of 65 compared to an 18% of dying.

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