Business Protection to Safeguard your Business
Business Protection insurance protects a company financially when its owners or employees are affected by illness or death. It can help ensure a business survives the loss of a significant individual.
Many businesses understand the need to protect their business premises and equipment, but often forget about their most valuable asset – their staff.
The death or critical illness of an owner, a partner or a key employee can have a seriously negative impact on a business, both financially as well as the loss of key knowledge. Taking out appropriate Business Protection can help ensure the long term financial health of a business during difficult circumstances.
Different types of business protection
Our Business Protection solutions are available for partnerships (including limited liability partnerships), shareholders, sole traders and key employees. It can also be used to ensure repayment of a business loan in the event of death or critical illness of a partner, key person or sole trader.
Our solutions include:
Key Person Cover
Provides a financial safety net if a key member of staff dies or is diagnosed with a serious illness (if Critical Illness Cover is also selected)
Share & Partnership Protection
Helps business owners keep control of the company if one of them dies or is diagnosed with a critical illness.
Relevant Life Cover
Allows companies to offer a death-in-service benefit to its employees (including salaried directors)