Research from mutual insurer Royal London reveals that nearly three in ten (27%) SMEs surveyed by YouGov, equating to an estimated 1.6 million businesses in Great Britain, have experienced the absence of a key person/employee.
Notes to editors
- Royal London commissioned YouGov to survey 748 SMEs between 28 October – 1 November 2019. The survey was carried out online. Figures are weighted and are representative of British business size.
- The Business population estimates for the UK and the regions 2019 reports there are 5.9 million SMEs in the UK. Percentages from the YouGov survey have been equated into real term figures. Royal London has calculated these figures by removing Northern Ireland’s business population to equate to British figures, and extrapolating the number of SMEs from a percentage of the 5,776,000 SMEs in the British business population. All calculations of real term figures are estimations.
For further information please contact:
Meera Khanna, Corporate PR Manager - Protection
- Email: Meera.Khanna@royallondon.com
- Tel: 02032 725129
- Mob: 079191 70502
About Royal London:
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £139 billion, 8.6 million policies in force and 4,348 employees. Figures quoted are as at 30 June 2020.