Business Protection

Every business has shareholders, Directors and Key members of staff.

There are many compelling reasons for a business to take out a protection policy.

• Added peace of mind that the business could be financially secure.
• Helps protect a partner or director’s financial share in the business in the event that they fall terminally or critically ill or die.
• Eases the pressure on business owners to return to work quickly should they fall critically ill prematurely.
• Provides evidence of good practice.
• Demonstrates proof of an effective disaster recovery strategy, which helps reassure customers that the business is stable.

Key Person Protection

Key Person Protection helps safeguard a business against the financial effects of death, terminal illness, or critical illness of a key person during the policy term.

The loss of a key person may result in reduced sales, loss of profit/turnover, wasted time, recruitment costs, and the disruption of development plans or increased workloads for the remaining staff.

Key Person Protection can be life assurance or life assurance and critical illness cover (if chosen) written on the life of the key person but owned by the business so that any money due becomes payable to the employer. The business pays the premiums.

Shareholder Protection

Shareholder Protection protects the financial security, stability and continuity of a company in the event of the death or serious illness of a shareholder, director or partner.  If the worst does happen, the remaining shareholders, directors or partners could stay in control of the business.

It helps a business protect against a controlling share of the business falling into the hands of someone with no interest in the business or who doesn’t share its objectives, or being placed in a position in which its financial stability is critically undermined.