Online business protection website launched by Skandia

Wed, 14 May 2008

Online business protection website launched by Skandia

Skandia has introduced a new online business protection website and set of tools to enable advisers to guide their clients on the key issues of business protection.

The site will show the best way to cover the key people and owners of a business, including who needs cover and how much cover is required. It will also include a cover calculator to help ascertain how much cover each key person requires and a premium equalisation calculator that will help advisers distribute protection payments proportionately across key directors and shareholders when choosing shareholder or partnership protection.

Ian Brown, head of protection marketing at Skandia, said: "Many businesses forget to insure their key asset, their people, whether they are key employees, partners or shareholders. Any business could suffer if a director or key employee died or became critically ill .

He also added that the online tools and supporting marketing material will simplify the application process and help financial advisers when discussing business protection with their clients.
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