---
title: "Many business owners agree that the loss of a key person can have serious financial consequences for their business"
url: https://www.philandersonfinancial.co.uk/many-business-owners-agree-that-the-loss-of-a-key-person-can-have-serious-financial-consequences-for-their-business/
description: "Yet over 50% do not have any life or critical illness cover in place should this event happen. To help protect our business clients we have a guide…"
updated: 2014-03-24
publisher: Phil Anderson Financial Services (FCA 631218)
---

# Many business owners agree that the loss of a key person can have serious financial consequences for their business

Yet over 50% do not have any life or critical illness cover in place should this event happen.

To help protect our business clients we have a guide available to setting up business protection. The guide contains process maps that highlight the key stages when setting up Key Person Cover, Share Protection Cover, Business Loan Protection and Relevant Life Plans. It also explains how the policies could be set up, who would own the policies and any tax implications each plan may have on the individual or the business.

To request a copy please email phil@philandersonfinancial.co.uk

> “What you did for us took all the worry away and answered all the questions.” (Katrina, Orkney)

[Speak to an adviser](#enquiry)

## More news

  [News · 26 May 2021 ### The rising tide of sustainable investment – should you ride the wave?](/the-rising-tide-of-sustainable-investment-should-you-ride-the-wave/)

  [News · 16 December 2020 ### Festive Opening Hours](/festive-opening-hours/)

  [News · 8 July 2026 ### Phil Anderson Financial Services Extends Sponsorship of Sunnybank FC for Two More Seasons](/sunnybank-fc/)

    [Trusted since 2011 · read client stories](/testimonials/)

> “What you did for us took all the worry away and answered all the questions.” (Katrina, Orkney)