Business Protection

If you’re a business owner, then we can help with Key Person Cover, Shareholder/ Partnership Protection, Business Loan Protection, Relevant Life Plans, or Executive Income Protection. It’s what we do.

• Key Person Cover

  Safeguard your business against the financial effects of death or serious illness of a key person. The claim is paid to the company, allowing breathing space to help keep the business trading as normally as possible.

  40% of all businesses say they would cease trading in less than a year after the death/loss of a key person!

• Shareholder/ Partnership

  Ensures that you regain control of your business by having the funds to buy the deceased or critically ill owner’s share.

  Over 50% of all businesses have left no instructions in a Will, or made any arrangements for their shares!

• Business Loan Protection

  Clear any outstanding debts e.g. overdrafts, loans or commercial mortgages, and eliminate financial pressure from creditors. Protection is vital to allow your business to recover quickly and minimise the impact should the worst happen.

  28% of owners aren’t aware that their Directors Loan Accounts need to be repaid on death!

• Relevant Life Plans

  As a business owner, you can use a tax-efficient policy to provide a financial safety net for your loved ones should the unthinkable happen to you.

  Relevant Life Plans offer some very special advantages to directors and employees of small businesses, most notably tax efficiency. You could save up to 50% on your premiums!

• Executive Income Protection

  Receive a monthly benefit if you’re unable to work for any reason, physically or mentally – designed specifically for salaried employees (including Directors).
  According to the Department of Work and Pensions (Employment Publication) 1 million workers are off sick for more than a month, every year!

  Have you considered the consequences of any of the above?

  • Would the Bank, or your suppliers, have the same confidence knowing a Key Person or a Director had died?
  • What about your staff?
  • What about your customers?
  • If the business hasn’t got the money to buy the deceased’s shares, how would you feel if they sold their position to the highest bidder, or a family member turned up to take the role? Let’s assume neither has any knowledge or interest, in your business!

  The list of risks to your business is long, and the detrimental effects to your business are unimaginable. You’ll have undoubtedly invested a lot into your business…financially, emotionally, and an unquantifiable amount of time. Don’t risk its survival by ignoring the financial threats to it’s existence. They’re very real!