Business Protection helps look after your company’s financial future against the unexpected loss of a business owner or key person. Simply put, it’s life insurance (which can also include critical illness cover) for the life of either someone crucial to your business’s profits, or one or more of your business owners.
Types of Business Protection
Business Loan Protection
This cover will provide funds to repay a loan, commercial mortgage or a Directors loan if one of the business owners die or suffer a critical illness.
Executive Income Protection
This cover provides employers with a monthly payment if the insured employee cannot work due to an illness or injury.
Key Person Insurance
This cover safeguards a business financially if a key member of staff dies, becomes terminally ill or suffers a critical illness (if critical illness is selected).
Relevant Life Cover
This cover allows you to provide employees (including Directors) with tax efficient death in service benefits without the need for, or alongside a pension scheme.
Share & Partnership Protection
These arrangements can help owners keep control of their company if one of the business owners dies or is diagnosed with a critical illness.
Video Series: Business Protection
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The right team for the job
Ricky Clark
