Business Protection

Many businesses try to protect against every eventuality — buying insurance for buildings, fixtures and fittings, stock, vehicles and protecting potential liabilities. But what would happen if the business lost a key employee?

Our Business Protection solutions could be the one thing that keeps your business going if the worst happened.

The most valuable asset to your business is its people, without them, a company’s survival can be at serious risk. We’ve made a commitment to protect and support UK Small Businesses, through our range of Business Protection options; Key Person Cover, Share & Partnership Protection and Relevant Life Cover, simplified tools and literature, and being there for you when it’s needed most.

Our fresh approach to Business Protection will help you maximise the opportunities and our experienced team are here to help.

Key person and Share and Partnership cover can include Life insurance or Life insurance with Critical illness cover. Life with Critical illness cover includes terminal illness protection as well as free Children’s cover.

Ownership – If a partner or shareholder dies or is diagnosed with a critical illness, the proceeds help the remaining owners buy the affected individual’s share of the business. Without protection, the surviving owners could lose control of the business, impacting on-going success.

Profit – If a business loses a key person who influences revenue, the policy gives the company a cash injection, helping replace lost profits and possibly recruit a replacement.

Debt – If the business loses a key person, the money paid by the policy can be used to clear loans or other debt. Without a cash injection, investors and creditors (like the bank) may call in debts as they’re no longer confident the business can keep on top of them.

Relevant Life cover

Relevant Life cover is often referred to as a type of Business Protection and is a tax-efficient life insurance policy, allowing companies to offer death-in-service benefits to their staff