Business Protection

The importance of protecting your business from the untimely death or illness of a key member of staff is often overlooked. It helps you as the business owner plan for the unexpected by providing insurance cover to ensure the business can continue to trade with minimal disruption following the loss of a key employee or business owner through death, critical illness or temporary disablement or illness.

Business protection is available for Limited company shareholders, partnerships (including limited liability partnerships), sole-traders and key employees. The protection benefit, when paid out can be used in the cost to replace an employee, to repay a business loan or to buy out an inheriting family member not working in the business through the  death or critical illness of a share-holder, partner, key person or sole trader. How the arrangement is set up for your company will depend on the type of business and its needs.

There are 4 main areas where Business Protection can help you

• Protect your cashflow: Shareholder Protection
• Protect your profits: Key Person Protection
• Protect your debts: Business Loan Protection
• Protect your directors: Relevant Life Cover