We offer impartial advice on all types of business protection insurance. If you are unsure of what protection your business needs, simply fill in our contact form and we will call you back to discuss or contact us today on 01202 618084.
Relevant Life Insurance
Relevant Life premiums are paid directly by the business and your family receive a pay out if you die. No money goes to the business, funds are to provide financial support to the deceased’s family.
Also known as key person insurance, this is an important type of cover well worth considering. The sudden loss or critical illness of a high-performing or valuable senior member of staff could affect the profits of your business almost overnight.
Shareholder Protection Insurance
Shareholder protection insurance provides money into your business to buy back a deceased or critically ill shareholder’s shares. It enables the remaining shareholders to retain control of a company and helps minimise disruption to your business and protect its continuity.
Business Loan Insurance
While you may be in good health now, that may not always be the case. To protect the continuity of your business if you die or become seriously ill, business loan insurance can pay out a lump sum to pay off your business loans or any other credit you may have. Particularly, it’s something worth considering if you’re concerned about any debt that may be inherited in your business.