As well as offering personal protection advice, we can also provide advice on Business Protection. Further information on business protection can be found below.
Relevant Life – Relevant life insurance allows business owners to provide their employees with death-in-service benefits outside a registered group life scheme. It is designed to pay out a lump sum on death or diagnosis of a terminal illness. Straightforward and cost-effective, it can also be tax-efficient for the business and the employee.
Business Loan Protection – Business loan protection insurance will provide funds to repay a loan, commercial mortgage, or a director’s loan if one of the business owners dies or suffers a critical illness
Key Persons Cover – These types of policies protect a key person who is any employee (including owners/managers) whose loss from the business through death or illness will have a significant effect on the financial position of the business. Key person protection allows you to protect your business from the financial effects of losing a key person. It can be arranged to provide either a regular income if the key person is unable to work because of an illness or accident, or a lump sum if they die or are diagnosed with a critical illness.
Shareholder Protection – Shareholder protection allows business owners to buy shares back from any partner who is diagnosed with a critical or terminal illness or dies. This policy helps surviving owners stay in control and minimises disruption to the business
Group Life & Critical Illness – Group Life and or Group Critical Illness Insurance cover provides money to an employee’s family in the event of their death, helping to ease financial pressures in an extremely difficult time.