In December’s Irish Broker Niall Concannon, Head of Broker Growth, looks at Why Business Protection Matters.

For many business owners, careful thought is already given to protecting things such as the premises and the contents thereof, the machinery, stock, the intellectual property, and the company car and van. However, often very little consideration is given to a business’ main asset – their people.

Financial Brokers should therefore give due consideration to the influencing factors that might lead business owners to consider business protection, as there are many different risks facing business which include death or illness of an owner, the loss of the main profit earner, liabilities, talent management, and retention.