Business Finance – News in brief.

HSBC Bank has cut the cost of term assurance by up to 25% for business customers. Businesses wanting cover of #200,000 or more over five to 15 years will benefit the most, seeing average premium reductions of 5%. Head of life, health and pensions at HSBC Harpal Karlcut said: ‘According to a recent HSBC survey less than half of businesses have reviewed their protection needs in the last three years, while three out of ten have never reviewed them.’ Karlcut said he hoped that the reduction in premiums would encourage businesses to take action to protect themselves.

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