Business Protection

Business Protection ...

“Business as usual” – that is always the aim.

People are at the heart of any business, and are responsible for its success.

Without business protection, the death or serious illness of a key member of staff could have a significant impact, not only on team morale, but productivity and the ability to continue trading. 

In some cases, it could mean the business has to stop trading, affecting people’s livelihoods.

There are key areas to consider:

  • Key Person Protection
  • Shareholder Protection
  • Business Loan Protection
  • Relevant Life Plan

Key Person Protection

Helps safeguard a business against the financial effects of
death, terminal illness, or critical illness if chosen, of a key person within the business while the plan is in place.

Shareholder Protection

Helps business owners buy out the shares of a partner or director who has died or becomes terminally ill and life expectancy is less than 12 months, or critically ill, if that option is chosen, while the plan is in place. 

Business Loan Protection

Helps your client pay an outstanding overdraft, loan or commercial mortgage, should the guarantor die or become terminally ill and life expectancy is less than 12 months, or critically ill, if chosen, while the plan is in place.

Relevant Life Plan

A life insurance plan that helps employers provide an
individual death in service benefit for their employees.