Business Protection

Business owners usually overlook their most important asset that drives their business forward - their key employees! Every business has a few strategic people who help the business to achieve profits and as much as it is important to insure company property, equipment and fixed assets, it is also important to cover these key people with the right kind of insurance.

Without business protection, the death or serious illness of a key member of staff could have a significant impact and in some cases, it could mean the business has to stop trading.

Key Person Protection

Provides cover for a key person within your business and it is designed to compensate a business for the financial loss brought about by the death or critical illness suffered by a key employee. This kind of policy helps a business to keep trading as it can use proceeds from the claim to train other employees to replace with an appropriately qualified key person to step into the role or the lump sum can also be used to repay any debt obligations.

Shareholder/Partnership Protection

Provides cover for the benefit of the shareholders and their families. For example, if a shareholder died or became critically ill and the family wanted a quick exit, the business or existing shareholder could easily buy them out from the proceeds of the claim.

Relevant Life Plan

This is a term assurance plan available to employers to provide an individual death in service benefit for an employee. It is designed to pay a lump sum if the employee dies whilst employed during the term of the policy.