How the recent UK budget can help your business
Mar 6, 2025
The recent UK Budget has brought some changes, and now is the perfect time for us to take a moment and think about how to protect our businesses and employees. At Berns Brett, business protection and employee benefits are key priorities, but I also know that as advisors, too often, you hesitate to refer clients to colleagues. After all, you put in the actual work to cultivate trust with a client, and you know handing them off could get in the way of that trust. Here’s the thing: referring your clients to the right services strengthens your relationship with them. For example, business protection is a no-brainer for client security. This type of protection is a simple way to safeguard your company against the unexpected—like losing a key employee or shareholder. It’s crucial for ensuring long-term business stability.
- Key Person Cover – Can save the business incase of a key person’s sudden illness or death.
- Shareholder Protection – Helps buy out shares if a partner dies, preventing disruption and conflict. The best part? Business protection converts really well—clients see the value in protecting their business.
Employee Benefits: Keeping Your Team Happy & Secure
Offering the right employee benefits is not only a nice gesture, but also a key factor in maintaining a motivated and loyal team. Moreover, it is one of the great ways to show that you care about your employees’ well-being. Group Life Insurance & Critical Illness Cover provides peace of mind and makes employees feel supported. Income Protection helps employees stay financially stable if they can’t work due to illness. Private Medical Insurance allows employees to access treatment more quickly and return to work sooner. The benefits can make all the difference in employee satisfaction, and businesses with these policies report higher retention rates -21% higher for those offering PMI alone.
The Hesitancy About Referrals: I Get It
By referring them for business protection or employee benefits, you prove that you have their best interests in mind. Your clients will thank you for directing them to those who can take care of them and their businesses and will secure their futures. And what’s in it for you? You gain their trust even more.
Conclusion: Referrals Strengthen Relationships
At Berns Brett, we want our clients and employees to be well-protected and looked after. Referring clients for business protection or employee benefits doesn’t detract from your relationship; it enhances it, showing you care about their longer-term success. So don’t hesitate. Help your clients secure an even stronger future by referring them to the right professional for these services.
