Business Protection

 

 

Regardless of what business sector you operate in, your company’s ongoing success often depends on a number of key individuals for example Directors, Shareholders or Business Partners. Without these individuals, the future success of your business could be at risk.

A Business Protection Insurance policy is designed to allow you to put structures and arrangements in place to financially protect your business should you or one of your key people die or suffer a serious illness. This policy provides a cash lump sum to help you and your business deal with the ensuing challenges which may comprise:

•  A fall in company profits
• Difficulty in paying your company bills
• Recruiting a replacement
• Repaying outstanding bank loans especially those where personal guarantees were granted
• Purchasing a deceased Partner’s or Director’s share of business and ensuring their estate receives the appropriate market value