Business protection insurance is vital and can be tailored whether you are a large or small business. It provides essential financial protection, including public liability insurance and you can use this insurance to protect against:
This cover cover protects a business against the loss of one of its key employees in the event of a specified critical illness, terminal illness or death. A key person is someone whose long term absence or death would affect the overall profits of the business such as an owner, a director, sales people, or any employees with specialist skills or knowledge.
Loan protection protects the business against the risk of a loan to the business needing to be repaid in the event of the critical or terminal illness or death of a loan guarantor. The guarantor is the life assured and the business pays the premiums.
Shareholder protection protects the financial interests of shareholding business owners, partners or directors against critical or terminal illness or death of another business shareholder, such as partner or director.
Relevant Life policies are individual life cover policies. They’re designed to enable employers to offer tax efficient death-in-service benefits to their employees outside of a registered group life scheme.